# SecondWave Systems funding: rounds and investors > SecondWave Systems has raised $7.0M across 2 rounds since 2025. Investors include Treo Ventures, A Major Healthcare Strategic and Scientific Health Development. Source: https://millionrounds.com/company/secondwave-systems (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # Who invested in *SecondWave Systems* 2 rounds we have observed, with the 7 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 Medical Devices Raised 12 months ago Funding summary Updated 26 Oct 2026 **$7.0M** raised across 2 rounds since 2025, from 2 sources - **Latest round:** Series A Oct 2025 - **Biggest round:** $7.0M Series A · Apr 2025 - **Investors:** 7 (2 led) 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. 2026 **$7.0M** Series A **?** Series A - **First round:** Series A, $7.0M - **Biggest round:** $7.0M - **Between rounds:** 6 months ## The rounds - **Oct 2025** Series A **Amount undisclosed** *2 new* *3 returning* [Sectoral Asset Management](https://millionrounds.com/fund/sectoral-asset-management) [Scientific Health Development](https://millionrounds.com/fund/scientific-health-development) [Treo Ventures](https://millionrounds.com/fund/treo-ventures) [A Major Healthcare Strategic](https://millionrounds.com/fund/a-major-healthcare-strategic) [University of Minnesota](https://millionrounds.com/fund/university-of-minnesota) Reported by Firms' own news pages - **Apr 2025** Series A **$7.0M** *5 new* [Treo Ventures](https://millionrounds.com/fund/treo-ventures) Lead [A Major Healthcare Strategic](https://millionrounds.com/fund/a-major-healthcare-strategic) Lead [Scientific Health Development](https://millionrounds.com/fund/scientific-health-development) [SSBCI funds](https://millionrounds.com/fund/ssbci-funds) [University of Minnesota's Discovery Capital](https://millionrounds.com/fund/university-of-minnesota-s-discovery-capital) Reported by Firms' own news pages ## 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. **Series A** 2025 **Series A** 2025 [Treo Ventures](https://millionrounds.com/fund/treo-ventures) L [A Major Healthcare Strategic](https://millionrounds.com/fund/a-major-healthcare-strategic) L [Scientific Health Development](https://millionrounds.com/fund/scientific-health-development) [Sectoral Asset Management](https://millionrounds.com/fund/sectoral-asset-management) [SSBCI funds](https://millionrounds.com/fund/ssbci-funds) [University of Minnesota](https://millionrounds.com/fund/university-of-minnesota) [University of Minnesota's Discovery Capital](https://millionrounds.com/fund/university-of-minnesota-s-discovery-capital) ## Everyone who backed them [Treo Ventures](https://millionrounds.com/fund/treo-ventures) VC firm **2** rounds, led 1 [A Major Healthcare Strategic](https://millionrounds.com/fund/a-major-healthcare-strategic) VC firm **2** rounds, led 1 [Scientific Health Development](https://millionrounds.com/fund/scientific-health-development) VC firm **2** rounds [Sectoral Asset Management](https://millionrounds.com/fund/sectoral-asset-management) Private equity **1** round [SSBCI funds](https://millionrounds.com/fund/ssbci-funds) VC firm **1** round [University of Minnesota](https://millionrounds.com/fund/university-of-minnesota) VC firm **1** round [University of Minnesota's Discovery Capital](https://millionrounds.com/fund/university-of-minnesota-s-discovery-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=secondwave-systems). ## Quick answers about SecondWave Systems ### Who invested in SecondWave Systems? SecondWave Systems's investors include Treo Ventures, A Major Healthcare Strategic, Scientific Health Development, Sectoral Asset Management and SSBCI funds, and 2 more on record. ### How much has SecondWave Systems raised? SecondWave Systems has raised $7.0M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor. ### When did SecondWave Systems last raise? SecondWave Systems's most recent round was a Series A in Oct 2025. ### What was SecondWave Systems's biggest round? SecondWave Systems's largest round on record is $7.0M (Series A), in Apr 2025, led by Treo Ventures. ### Who backed SecondWave Systems first? SecondWave Systems's first round on record, in Apr 2025, was backed by Treo Ventures, A Major Healthcare Strategic and Scientific Health Development and 2 others. ### What stage is SecondWave Systems at? SecondWave Systems's latest named round is a Series A, in Oct 2025. ### Where is SecondWave Systems based? SecondWave Systems is based in the United States. ### Who led SecondWave Systems's rounds? Treo Ventures led the Series A in 2025. ## Companies like SecondWave Systems 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)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink) ## 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