# SetPoint Medical funding: rounds and investors

> SetPoint Medical has raised $256M across 7 rounds since 2009. Investors include Action Potential Venture Capital, Morgenthaler Ventures and Boston Scientific.

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

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

# Who invested in *SetPoint Medical*

7 rounds we have observed, with the 24 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 Medical Devices

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Funding summary Updated 5 Nov 2026

**$256M** raised across 7 rounds since 2009, from 10 sources

**$140M** Series D

- **Latest round:** Series D, $140M Aug 2025
- **Led by:** Ally Bridge Group and Elevage Medical Technologies
- **Step-up i:** 4.7×
- **Investors:** 24 (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.

2009 2012 2015 2018 2021 2024

**$4.0M** Debt

**$5.0M** Venture

**$3.3M** Debt

**$31M** Series A

**$43M** Series C

**$30M** Series D

**$140M** Series D

- **First round:** Debt, $4.0M
- **Biggest round:** $140M
- **Usual gap between rounds:** 2 years

## The rounds

- **Aug 2025** Series D **$140M** *14 new* *4 returning* [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) Lead [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) Lead [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) [Viking Global](https://millionrounds.com/fund/viking-global-investors) [Richard King Mellon Foundation](https://millionrounds.com/fund/richard-king-mellon-foundation) [Boston Scientific](https://millionrounds.com/fund/boston-scientific) [ShangBay Capital](https://millionrounds.com/fund/shangbay-capital) [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) [Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) [Abbott](https://millionrounds.com/fund/abbott) [Midas Capital](https://millionrounds.com/fund/midas-capital) [Gilmartin Capital](https://millionrounds.com/fund/gilmartin-capital-llc) [Northwell Health](https://millionrounds.com/fund/northwell-health) [Ascendum Capital](https://millionrounds.com/fund/ascendum-capital) [Sprig Equity](https://millionrounds.com/fund/sprig-equity) Reported by Elevage Medical Technologies and 3 others SEC filing: $115M sold, first sale Mar 2025
- **Aug 2017** Series D **$30M** *3 new* *3 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) [Medtronic](https://millionrounds.com/fund/medtronic) [Boston Scientific](https://millionrounds.com/fund/boston-scientific) [Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) Topspin Reported by FinSMEs
- **Sept 2015** Series C **$43M** *1 returning* [Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) From a historical funding record SEC filing: $15M sold, first sale Aug 2015
- **Aug 2013** Series A **$31M** *7 new* [Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) [Foundation Medical Partners](https://millionrounds.com/fund/foundation-medical-partners) [Boston Scientific](https://millionrounds.com/fund/boston-scientific) [GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline) [Topspin Partners](https://millionrounds.com/fund/topspin-partners) [Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) [Covidien Ventures](https://millionrounds.com/fund/covidien-ventures) Reported by sec.gov SEC filing: $31M sold, first sale Aug 2013
- **Apr 2012** Debt **$3.3M** No investor was named in the report. Reported by sec.gov SEC filing: $3.3M sold, first sale Nov 2011
- **Oct 2010** Venture **$5.0M** No investor was named in the report. From a historical funding record SEC filing: $5.0M sold, first sale Oct 2010
- **May 2009** Debt **$4.0M** No investor was named in the report. From a historical funding record SEC filing: $4.0M sold, first sale May 2009

## Funding filed with regulators

SetPoint Medical filed 9 raises, $334M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2025 **$115M** 24 investors SEC Form D
- Jan 2023 **$80M** 21 investors SEC Form D
- Oct 2020 **$64M** 26 investors equity SEC Form D
- Sept 2019 **$16M** 8 investors debt, options of $21M offered SEC Form D
- Aug 2015 **$15M** 7 investors equity SEC Form D
- Aug 2013 **$31M** 7 investors equity SEC Form D
- Nov 2011 **$3.3M** 4 investors debt, other SEC Form D
- Oct 2010 **$5.0M** 3 investors equity SEC Form D
- May 2009 **$4.0M** 2 investors equity SEC Form D

## Founders and team

From SetPoint Medical's own website: 10 on the team.

- **Alexis Dineen** Vice President of Regulatory Affairs
- **Amy Derosier** Vice President of Clinical Affairs
- **Ankit Shah** Vice President of Marketing
- **Erik Styacich** Vice President of Sales
- **John Long** Vice President of Operations
- **Kevin Wilkin** Vice President of Quality
- **Spencer Bailey** Vice President of Market Access
- **Bill Calle** Chief Technology Officer
- **Rohan Seth** Chief Financial Officer
- **Dan Ward** Senior Director of Program Management

## 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.

**Debt** 2009 **Venture** 2010 **Debt** 2012 **Series A** 2013 **Series C** 2015 **Series D** 2017 **Series D** 2025 [Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) [Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) [Boston Scientific](https://millionrounds.com/fund/boston-scientific) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) L [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) L [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) [Viking Global](https://millionrounds.com/fund/viking-global-investors) [Medtronic](https://millionrounds.com/fund/medtronic)

## Everyone who backed them

[Action Potential Venture Capital](https://millionrounds.com/fund/action-potential-venture-capital) Growth equity **4** rounds

[Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) VC firm **3** rounds

[Boston Scientific](https://millionrounds.com/fund/boston-scientific) VC firm **3** rounds

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds

[Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) Private equity **1** round, led 1

[Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) VC firm **1** round, led 1

[Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **1** round

[Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) VC firm **1** round

[Viking Global](https://millionrounds.com/fund/viking-global-investors) VC firm **1** round

[Medtronic](https://millionrounds.com/fund/medtronic) Growth equity **1** round

[Foundation Medical Partners](https://millionrounds.com/fund/foundation-medical-partners) Private equity **1** round

[Richard King Mellon Foundation](https://millionrounds.com/fund/richard-king-mellon-foundation) Private equity **1** round

[GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline) VC firm **1** round

[Topspin Partners](https://millionrounds.com/fund/topspin-partners) VC firm **1** round

[ShangBay Capital](https://millionrounds.com/fund/shangbay-capital) VC firm **1** round

[Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) Family office **1** round

[Covidien Ventures](https://millionrounds.com/fund/covidien-ventures) Corporate VC **1** round

[Abbott](https://millionrounds.com/fund/abbott) Private equity **1** round

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

[Gilmartin Capital](https://millionrounds.com/fund/gilmartin-capital-llc) Private equity **1** round

[Northwell Health](https://millionrounds.com/fund/northwell-health) Growth equity **1** round

[Ascendum Capital](https://millionrounds.com/fund/ascendum-capital) Growth equity **1** round

[Sprig Equity](https://millionrounds.com/fund/sprig-equity) VC firm **1** round

Topspin 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=setpoint-medical).

## Also claim to have backed them

These 3 firms list SetPoint Medical 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.

[Lightstone Ventures](https://millionrounds.com/fund/lightstone-ventures) VC firm Per its own site

[Runway Growth Capital](https://millionrounds.com/fund/runway-growth-capital) Private credit Per its own site

[Citta Capital](https://millionrounds.com/fund/citta-capital) VC firm Per its own site

## Quick answers about SetPoint Medical

### Who invested in SetPoint Medical?

SetPoint Medical's investors include Action Potential Venture Capital, Morgenthaler Ventures, Boston Scientific, New Enterprise Associates and Ally Bridge Group, and 19 more on record. Ally Bridge Group led its latest round.

### How much has SetPoint Medical raised?

SetPoint Medical has raised $256M across 7 rounds since 2009.

### When did SetPoint Medical last raise?

SetPoint Medical's most recent round was a Series D of $140M in Aug 2025, led by Ally Bridge Group.

### What was SetPoint Medical's biggest round?

Its most recent round, $140M in Aug 2025, is also its largest on record.

### Who backed SetPoint Medical first?

SetPoint Medical's first round on record, in Aug 2013, was backed by Morgenthaler Ventures, Foundation Medical Partners and Boston Scientific and 4 others.

### What stage is SetPoint Medical at?

SetPoint Medical's latest named round is a Series D, in Aug 2025.

### Where is SetPoint Medical based?

SetPoint Medical is based in the United States.

### Who led SetPoint Medical's rounds?

Ally Bridge Group led the Series D in 2025.

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