United States · 
Who invested in Medrio?
Medrio's investors include Ulu Ventures, TEEC Angel Fund, Think + and Questa Capital.
201220132014201520162017
$2.0MVenture$30MRound
United States · Funded startup
Who invested in Medrio
Funding summaryUpdated 26 Oct 2026
$32Mraised across 2 rounds since 2011, from 2 sources
$2.0MVenture$30MRound
- Latest round
- Round, $30MMay 2017
- Step-upi
- 14.8×
- Investors
- 4
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Venture, $2.0M Oct 2011
- Biggest round
- $30M Round · May 2017
- Between rounds
- 5.6 years from the last two
The rounds
- May 2017
- Oct 2011Venture$2.0M3 new
Reported by sec.govSEC filing: $2.0M sold, first sale Oct 2011
Founders and team
From Medrio's own website and the SEC filings it signed: 2 founders, 9 on the team.
Mike NovotnyFounder & Chief Executive Officer
Doug EngferMedrio Board Member, Founder and Former CEO, invivodataNamed on its 2017 Form D
- Denise SpillaneSenior Vice President, Marketing
- Mandana VarahramiSenior Vice President, Product Management
- Alana TobisChief of Staff
- Edward GouldChief Financial Officer
- Mike LewisChief Revenue Officer
- Mike StocksChief Technology Officer
- Neil McClenneyChief Compliance Officer
- Lance IshimotoVP of IT Operations/Interim VP of Engineering
- Michael NovotnyExecutive Officer, Directori
On the board, as filediBradley SloanDave LipscombRichard SchellerRyan Drant
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.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 3 firms list Medrio as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Medrio
How much has Medrio raised?
Medrio has raised $32M across 2 rounds since 2011.
When did Medrio last raise?
Medrio's most recent round was an Undisclosed round of $30M in May 2017.
What was Medrio's biggest round?
Its most recent round, $30M in May 2017, is also its largest on record.
Who backed Medrio first?
Medrio's first round on record, in Oct 2011, was backed by Ulu Ventures, TEEC Angel Fund and Think +.
What stage is Medrio at?
Medrio's latest named round is an Undisclosed round, in May 2017.
Where is Medrio based?
Medrio is based in the United States.
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