United States · Growth startup

Who invested in Subtle Medical

2 rounds we have observed, with the 11 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.

AIHealthcareMedical Devices

Raised 5 months ago

Funding summaryUpdated 5 Nov 2026

$33Mraised across 2 rounds since 2025, from 3 sources

Latest round
Growth, $33MJun 2026
Led by
Morgan Stanley Investment Management
Investors
11 (1 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
?Venture$33MGrowth
First round
Venture
Jul 2025
Biggest round
$33M
Growth · Jun 2026
Between rounds
11 months
from the last two

The rounds

  1. Jun 2026
  2. Jul 2025

Founders and team

From Subtle Medical's own website: 6 on the team.

  • Ohad AraziChief Executive Officer
  • Josh GurewitzChief Commercial Officer
  • Anna Menyhart-BorroniHead of Global Marketing
  • Brad BeeneyHead of North America Sales
  • Indra LalariVP, Product Management
  • Rudy GrantVP, Operations

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

DCVCVC firm2rounds
BlueRun VenturesVC firm2rounds
Morgan Stanley Investment ManagementPrivate equity1round, led 1
Fusion FundVC firm1round
Samsung VenturesCorporate VC1round
Nina CapitalVC firm1round
BRVInvestment firm1round
Fusion FundVC firm1round
EnvisionXPrivate equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 7 firms list Subtle 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.

Foothill VenturesVC firmPer its own site
Breyer CapitalPrivate equityPer its own site
Atinum InvestmentVC firmPer its own site
Ignite InnovationVC firmSeries B, per its site
FreeRun VenturesCorporate VCPer its own site
Plaisance Capital Management LLCVC firmPer its own site
SAV (Scale Asia Ventures)VC firmPer its own site

Quick answers about Subtle Medical

Who invested in Subtle Medical?

Subtle Medical's investors include Bessemer Venture Partners, DCVC, BlueRun Ventures, Morgan Stanley Investment Management and Fusion Fund, and 6 more on record. Morgan Stanley Investment Management led its latest round.

How much has Subtle Medical raised?

Subtle Medical has raised $33M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

When did Subtle Medical last raise?

Subtle Medical's most recent round was a Growth of $33M in Jun 2026, led by Morgan Stanley Investment Management.

What was Subtle Medical's biggest round?

Its most recent round, $33M in Jun 2026, is also its largest on record.

Who backed Subtle Medical first?

Subtle Medical's first round on record, in Jul 2025, was backed by Bessemer Venture Partners, DCVC and BlueRun Ventures and 2 others.

What stage is Subtle Medical at?

Subtle Medical's latest named round is a Growth, in Jun 2026.

Where is Subtle Medical based?

Subtle Medical is based in the United States.

Who led Subtle Medical's rounds?

Morgan Stanley Investment Management led the Growth in 2026.

Companies like Subtle Medical

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

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