# Trice Medical funding: rounds and investors

> Trice Medical has raised $60M across 4 rounds since 2014. Investors include HealthQuest Capital, Safeguard Scientifics and Smith & Nephew.

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

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

# Who invested in *Trice Medical*

4 rounds we have observed, with the 6 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

**$60M** raised across 4 rounds since 2014, from 4 sources

**$12M** Series B **$19M** Series C **$18M** Series C **$11M** Venture

- **Latest round:** Venture, $11M Aug 2023
- **Biggest round:** $19M Series C · Jun 2017
- **Investors:** 6

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.

2014 2016 2018 2020 2022

**$12M** Series B

**$19M** Series C

**$18M** Series C

**$11M** Venture

- **First round:** Series B, $12M
- **Biggest round:** $19M
- **Usual gap between rounds:** 2.9 years

## The rounds

- **Aug 2023** Venture **$11M** No investor was named in the report. Source recorded SEC filing: $11M sold, first sale Jul 2023
- **Jan 2019** Series C **$18M** *1 new* *3 returning* [HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital) [Smith & Nephew](https://millionrounds.com/fund/smith-and-nephew) [Charter Capital Partners](https://millionrounds.com/fund/charter-capital) BioStar Reported by Massdevice SEC filing: $41M sold, first sale May 2017
- **Jun 2017** Series C **$19M** *2 new* *2 returning* [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital) [Smith & Nephew](https://millionrounds.com/fund/smith-and-nephew) BioStar Reported by FinSMEs SEC filing: $19M sold, first sale May 2017
- **Jul 2014** Series B **$12M** *3 new* [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital) [BioStar Ventures](https://millionrounds.com/fund/biostar-ventures) From a historical funding record SEC filing: $5.6M sold, first sale Jul 2014

## Founders and team

From Trice Medical's own website and the SEC filings it signed: 10 on the team.

- **Mike Steen** President and Chief Executive Officer
- **Dave Vancelette** Vice President Quality Assurance and Regulatory
- **Justin Taylor** Vice President Inside Sales Operations
- **Kari Smith** Vice President Market Access and Reimbursement
- **Lyly Hoang Wight** Vice President Marketing
- **Virginia Njagi** Vice President Engineering
- **Brian Maloblocki** Director Education
- **Greg Henkel** Director Finance and Accounting
- **Matt Leventhal** Senior Manager Marketing and Digital
- **Michael Steen** Executive Officer, Director i

On the board, as filed i *Chad Norman* *Nimesh Shah*

## 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 B** 2014 **Series C** 2017 **Series C** 2019 **Venture** 2023 [HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital) [Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) [Smith & Nephew](https://millionrounds.com/fund/smith-and-nephew) BioStar [BioStar Ventures](https://millionrounds.com/fund/biostar-ventures) [Charter Capital Partners](https://millionrounds.com/fund/charter-capital)

## Everyone who backed them

[HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital) Growth equity **3** rounds

[Safeguard Scientifics](https://millionrounds.com/fund/safeguard-scientifics) Private equity **2** rounds

[Smith & Nephew](https://millionrounds.com/fund/smith-and-nephew) Corporate VC **2** rounds

BioStar no record of our own yet **2** rounds

[BioStar Ventures](https://millionrounds.com/fund/biostar-ventures) VC firm **1** round

[Charter Capital Partners](https://millionrounds.com/fund/charter-capital) Private credit **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=trice-medical).

## Quick answers about Trice Medical

### Who invested in Trice Medical?

Trice Medical's investors include HealthQuest Capital, Safeguard Scientifics, Smith & Nephew, BioStar and BioStar Ventures, and 1 more on record.

### How much has Trice Medical raised?

Trice Medical has raised $60M across 4 rounds since 2014.

### When did Trice Medical last raise?

Trice Medical's most recent round was a Venture of $11M in Aug 2023.

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

Trice Medical's largest round on record is $19M (Series C), in Jun 2017.

### Who backed Trice Medical first?

Trice Medical's first round on record, in Jul 2014, was backed by Safeguard Scientifics, HealthQuest Capital and BioStar Ventures.

### What stage is Trice Medical at?

Trice Medical's latest named round is a Venture, in Aug 2023.

### Where is Trice Medical based?

Trice Medical is based in the United States.

## Companies like Trice Medical

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)

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