# InstaMed funding: rounds and investors

> InstaMed has raised $127M across 16 rounds since 2005. Investors include Tech Council Ventures, Osage Venture Partners and U.S. Bancorp.

Source: https://millionrounds.com/company/instamed (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *InstaMed*

16 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$127M** raised across 16 rounds since 2005, from 16 sources

**$800K** Seed **$3.0M** Venture **$6.5M** Venture **$6.0M** Venture **$4.3M** Venture **$6.0M** Venture **$4.0M** Venture **$5.5M** Venture **$14M** Venture **$1.4M** Debt **$1.5M** Debt **$3.5M** Venture **$650K** Debt **$5.0M** Venture **$15M** Growth **$50M** Round

- **Latest round:** Round, $50M Sept 2016
- **Step-up i:** 3.3×
- **Investors:** 8

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2005 2007 2009 2011 2013 2015

**$800K** Seed

**$3.0M** Venture

**$6.5M** Venture

**$6.0M** Venture

**$4.3M** Venture

**$6.0M** Venture

**$5.5M** Venture

**$14M** Venture

**$1.5M** Debt

**$650K** Debt

**$15M** Growth

**$50M** Round

- **First round:** Seed, $800K
- **Biggest round:** $50M
- **Usual gap between rounds:** 9 months

## The rounds

- **Sept 2016** Round **$50M** *1 new* [Carrick Capital Partners](https://millionrounds.com/fund/carrick-capital-partners) Reported by FinSMEs
- **Sept 2014** Growth **$15M** *2 new* *2 returning* [Ben Franklin Technology Partners](https://millionrounds.com/fund/ben-franklin-technology-partners) [Osage Venture Partners](https://millionrounds.com/fund/osage-venture-partners) [Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) [Midas Capital](https://millionrounds.com/fund/midas-capital) From a historical funding record SEC filing: $10.0M sold, first sale Sept 2014
- **Aug 2013** Debt **$650K** No investor was named in the report. Reported by sec.gov SEC filing: $650K sold, first sale Aug 2013
- **Aug 2013** Venture **$5.0M** No investor was named in the report. Reported by instamed.com SEC filing: $650K sold, first sale Aug 2013
- **May 2013** Venture **$3.5M** No investor was named in the report. Reported by instamed.com SEC filing: $2.4M sold, first sale Apr 2013
- **Jan 2013** Debt **$1.5M** No investor was named in the report. Reported by sec.gov SEC filing: $2.4M sold, first sale Apr 2013
- **May 2012** Debt **$1.4M** No investor was named in the report. Reported by sec.gov SEC filing: $3.0M sold, first sale Mar 2012
- **May 2012** Venture **$14M** No investor was named in the report. Reported by businesswire.sys-con.com SEC filing: $3.0M sold, first sale Mar 2012
- **Sept 2011** Venture **$5.5M** No investor was named in the report. Reported by sec.gov SEC filing: $5.5M sold, first sale Aug 2011
- **May 2011** Venture **$4.0M** No investor was named in the report. Reported by sec.gov SEC filing: $4.0M sold, first sale Feb 2011
- **Sept 2010** Venture **$6.0M** *3 returning* [Osage Venture Partners](https://millionrounds.com/fund/osage-venture-partners) [Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) [U.S. Bancorp](https://millionrounds.com/fund/us-bank) Reported by businesswire.sys-con.com SEC filing: $4.3M sold, first sale Apr 2010
- **Jul 2010** Venture **$4.3M** No investor was named in the report. From a historical funding record SEC filing: $4.3M sold, first sale Apr 2010
- **Mar 2009** Venture **$6.0M** *2 new* [Osage Venture Partners](https://millionrounds.com/fund/osage-venture-partners) Ashby Point Capital Reported by businesswire.sys-con.com
- **Apr 2007** Venture **$6.5M** *1 new* *1 returning* [Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) [U.S. Bancorp](https://millionrounds.com/fund/us-bank) From a historical funding record
- **Feb 2006** Venture **$3.0M** *1 new* *1 returning* [Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) [Benjamin Franklin Technology Partners](https://millionrounds.com/fund/benjamin-franklin-technology-partners) From a historical funding record
- **May 2005** Seed **$800K** *1 new* [Benjamin Franklin Technology Partners](https://millionrounds.com/fund/benjamin-franklin-technology-partners) Reported by fis.dowjones.com

## Founders and team

From InstaMed's own website: 4 on the team.

- **Jeff Lin** Chief Executive Officer, InstaMed
- **Deirdre Ruttle** Chief Revenue Officer
- **Trina Dutta** Chief Product Officer
- **Will Enscore** Chief Operating Officer

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2012 **Debt** 2012 **Debt** 2013 **Venture** 2013 **Debt** 2013 **Venture** 2013 **Growth** 2014 **Round** 2016 [Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) [Osage Venture Partners](https://millionrounds.com/fund/osage-venture-partners) [U.S. Bancorp](https://millionrounds.com/fund/us-bank) [Benjamin Franklin Technology Partners](https://millionrounds.com/fund/benjamin-franklin-technology-partners) [Ben Franklin Technology Partners](https://millionrounds.com/fund/ben-franklin-technology-partners) [Carrick Capital Partners](https://millionrounds.com/fund/carrick-capital-partners) [Midas Capital](https://millionrounds.com/fund/midas-capital) Ashby Point Capital

## Everyone who backed them

[Tech Council Ventures](https://millionrounds.com/fund/tech-council-ventures) VC firm **4** rounds

[Osage Venture Partners](https://millionrounds.com/fund/osage-venture-partners) VC firm **3** rounds

[U.S. Bancorp](https://millionrounds.com/fund/us-bank) Company **2** rounds

[Benjamin Franklin Technology Partners](https://millionrounds.com/fund/benjamin-franklin-technology-partners) VC firm **2** rounds

[Ben Franklin Technology Partners](https://millionrounds.com/fund/ben-franklin-technology-partners) Government **1** round

[Carrick Capital Partners](https://millionrounds.com/fund/carrick-capital-partners) Private equity **1** round

[Midas Capital](https://millionrounds.com/fund/midas-capital) Private equity **1** round

Ashby Point Capital no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=instamed).

## Also claim to have backed them

This firm lists InstaMed as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Baleon Capital](https://millionrounds.com/fund/baleon-capital) Private equity Per its own site

## Quick answers about InstaMed

### Who invested in InstaMed?

InstaMed's investors include Tech Council Ventures, Osage Venture Partners, U.S. Bancorp, Benjamin Franklin Technology Partners and Ben Franklin Technology Partners, and 3 more on record.

### How much has InstaMed raised?

InstaMed has raised $127M across 16 rounds since 2005.

### When did InstaMed last raise?

InstaMed's most recent round was an Undisclosed round of $50M in Sept 2016.

### What was InstaMed's biggest round?

Its most recent round, $50M in Sept 2016, is also its largest on record.

### Who backed InstaMed first?

InstaMed's first round on record, in May 2005, was backed by Benjamin Franklin Technology Partners.

### What stage is InstaMed at?

InstaMed's latest named round is an Undisclosed round, in Sept 2016.

### Where is InstaMed based?

InstaMed is based in the United States.

## Companies like InstaMed

In the same sector, and raised in the last eighteen months.

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