# Medrio funding: rounds and investors > Medrio has raised $32M across 2 rounds since 2011. Investors include Ulu Ventures, TEEC Angel Fund and Think +. Every round with its source. Source: https://millionrounds.com/company/medrio (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Medrio* 2 rounds we have observed, with the 4 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. Biotech Healthcare Funding summary Updated 26 Oct 2026 **$32M** raised across 2 rounds since 2011, from 2 sources **$2.0M** Venture **$30M** Round - **Latest round:** Round, $30M May 2017 - **Step-up i:** 14.8× - **Investors:** 4 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. 2012 2013 2014 2015 2016 2017 **$2.0M** Venture **$30M** Round - **First round:** Venture, $2.0M - **Biggest round:** $30M - **Between rounds:** 5.6 years ## The rounds - **May 2017** Round **$30M** *1 new* [Questa Capital](https://millionrounds.com/fund/questa-capital) Reported by FinSMEs SEC filing: $25M sold, first sale May 2017 - **Oct 2011** Venture **$2.0M** *3 new* [Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) [TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) [Think +](https://millionrounds.com/fund/think) Reported by sec.gov SEC 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 Novotny** Founder & Chief Executive Officer **Doug Engfer** Medrio Board Member, Founder and Former CEO, invivodata *Named on its 2017 Form D* - **Denise Spillane** Senior Vice President, Marketing - **Mandana Varahrami** Senior Vice President, Product Management - **Alana Tobis** Chief of Staff - **Edward Gould** Chief Financial Officer - **Mike Lewis** Chief Revenue Officer - **Mike Stocks** Chief Technology Officer - **Neil McClenney** Chief Compliance Officer - **Lance Ishimoto** VP of IT Operations/Interim VP of Engineering - **Michael Novotny** Executive Officer, Director i On the board, as filed i *Bradley Sloan* *Dave Lipscomb* *Richard Scheller* *Ryan 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. **Venture** 2011 **Round** 2017 [Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) [TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) [Think +](https://millionrounds.com/fund/think) [Questa Capital](https://millionrounds.com/fund/questa-capital) ## Everyone who backed them [Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) VC firm **1** round [TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) VC firm **1** round [Think +](https://millionrounds.com/fund/think) VC firm **1** round [Questa Capital](https://millionrounds.com/fund/questa-capital) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=medrio). ## 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. [TSVC](https://millionrounds.com/fund/tsv-capital) VC firm Per its own site [Montage Capital](https://millionrounds.com/fund/montage-capital) Private equity Per its own site [SeedFolio](https://millionrounds.com/fund/seedfolio) VC firm Per its own site ## Quick answers about Medrio ### Who invested in Medrio? Medrio's investors include Ulu Ventures, TEEC Angel Fund, Think + and Questa Capital. ### 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. ## Companies like Medrio In the same sector, and raised in the last eighteen months. [**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app