United States · Investor

Medtronic

Last cheque observed Sep 2026; 45 cheques on record.

Deploying nowGrowth equity

Series CSeries BVenture

Deploying now
100%of best year3cheques in 12 months, 45 on record
Since the last cheque60days00hrs00min00sec
Median round$49MRounds led1 of 45Sole investor5 roundsExits6 from the portfolioMostly inUnited States, 92%
Pitch Medtronic

Medtronic highlights

  1. 01

    3 cheques in the last 12 months

  2. 02

    Mostly Series C and Series B: 51% of its rounds

  3. 03

    Sole investor in 5 rounds, median $4.9M

  4. 04

    6 exits from the portfolio

What they do

Type
Growth equity (from a list, unverified)
Cheque size
Not stated
Based in
Minneapolis, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first45 appearances

  1. 2026

    3 rounds

  2. Sept
    Pi-CardiaSprig EquityUndisclosedSole investor
  3. Jul
    RapidPulseSeries B · US · Longview Ventures$48MLed
  4. Jun
    CereVascSeries C · US · Ventureburn$85MWith 6 others
  5. 2018

    1 round

  6. Jan
    Fire1Series C · IE · Siliconrepublic$50MWith 4 others
  7. 2017

    5 rounds

  8. Nov
    Semma TherapeuticsSeries B · US · FinSMEs$114MWith 10 others
  9. Aug
    SetPoint MedicalSeries D · US · FinSMEs$30MWith 5 others
  10. Jun
    GlookoUS · FinSMEs$35MWith 5 others
  11. Jun
    EarlensDebt · US · FinSMEs$118MWith 9 others
  12. Jan
    Aegea MedicalUS · FinSMEs$40MWith 4 others
  13. 2015

    4 rounds

  14. May
    AEGEA MedicalSeries C · US$36MWith 5 others
  15. Apr
    DreaMed DiabetesSeed$2.0MSole investor
  16. Mar
    Semma TherapeuticsSeries A · US$44MWith 3 others
  17. Mar
    GlookoSeries B · US$17MWith 3 others
  18. 2014

    3 rounds

  19. Sept
    AcuFocusVenture · US$21MWith 5 others
  20. May
    Inspire Medical SystemsSeries E · US$40MWith 8 others
  21. Jan
    PowerVisionSeries D · US$20MWith 6 others
  22. 2013

    1 round

  23. Nov
    CardioInsight TechnologiesSeries C · US · crainscleveland.com$15MWith 2 others
  24. 2012

    4 rounds

  25. Dec
    MC10Series C · US · mc10inc.com$10MWith 6 others
  26. May
    MitralignSeries D · US · finsmes.com$35MWith 5 others
  27. May
    VisualaseSeries B · US$5.2MWith 1 other
  28. Mar
    CardioInsight TechnologiesSeries C · US · finsmes.com$7.5MWith 2 others
  29. 2011

    5 rounds

  30. Nov
    AcuFocusSeries F · US · finsmes.com$65MWith 6 others
  31. Oct
    Functional NeuromodulationSeries A · CA · biospace.com$10MWith 1 other
  32. Jul
    PowerVisionSeries C · US · finsmes.com$24MWith 4 others
  33. Jun
    Spinal ModulationSeries D · US · businesswire.com$30MWith 7 others
  34. May
    PhysioSonicsSeries B · US · onbiovc.com$3.6MSole investor
  35. 2010

    4 rounds

  36. Oct
    Intersect ENTVenture · US · sec.gov$31MWith 4 others
  37. Jan
    MicroCHIPSVenture · US · finsmes.com$17MWith 8 others
  38. Jan
    Salient Surgical TechnologiesVenture · US · masshightech.com$15MWith 2 others
  39. Jan
    GI DynamicsVenture · US · sec.gov$15MSole investor
  40. 2009

    2 rounds

  41. Oct
    CardioMEMSSeries F · US · onbiovc.com$22MWith 9 others
  42. Mar
    ArdianSeries C · US · memphis.bizjournals.com$47MWith 4 others
  43. 2008

    1 round

  44. Jan
    Arbor Surgical TechnologiesSeries C · US$20MWith 10 others
  45. 2007

    4 rounds

  46. Dec
    MitralignSeries C · US$24MWith 7 others
  47. Dec
    REVA MedicalVenture · US$42MWith 5 others
  48. Sept
    NanoCor TherapeuticsSeries B · US · nanocorthx.com$6.3MSole investor
  49. Jan
    InnerPulseVenture · US$50MWith 1 other
  50. 2006

    1 round

  51. Nov
    CardioMEMSSeries D · US$23MWith 4 others
  52. 2005

    1 round

  53. Mar
    Axial BiotechSeries A · US · axialbiotech.com$4.1MWith 3 others
  54. 2004

    1 round

  55. Oct
    Medusa Medical TechnologiesCAUndisclosedWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 48 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What they claim to have backed

From their own portfolio page (on their website)

0 of 5 we have independently watched raise

Electronic Delivery ofOrder Diabetes SuppliesOrder Products (openProduct ManualsUpdate my browser

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed6 in all

VisualaseBought by Medtronic$105MJul 2014
ArdianBought by Medtronic$800MNov 2010
Odin Medical TechnologiesBought by Medtronic$9.0MAug 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Aircraft Medical$110MNov 2015
Lazarus Effect$100MOct 2015
Medina Medical$150MSept 2015
Twelve$458MAug 2015
RF Surgical Systems$235MJul 2015
NGC Medical SpA$350MAug 2014
Sapiens$200MAug 2014
Visualase$105MJul 2014
Covidien$48BJun 2014
Corventis$150MMay 2014
TyRx Pharma$160MJan 2014

Who they invest alongside

The investors most often in the same rounds as Medtronic. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Medtronic put money into.

Quick answers about Medtronic

What does Medtronic invest in?

Medtronic invests most often at Series C and Series B (51% of the rounds on record).

How active is Medtronic?

45 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

What has Medtronic invested in recently?

Its most recent investments on record: Pi-Cardia (Sept 2026), RapidPulse (Series B, Jul 2026) and CereVasc (Series C, Jun 2026).

How big are Medtronic's cheques?

The median round it joins is $49M.

Does Medtronic lead rounds?

Sometimes: it led 1 of its 45 investments on record (2%).

Where does Medtronic invest?

Most of the companies it backs are in the United States (92%) and Canada (5%).

Is Medtronic investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

Who does Medtronic invest alongside?

Most often Johnson & Johnson Development Corporation (JJDC) (6 rounds together), Advanced Technology Ventures (4 rounds together) and Kleiner Perkins Caufield & Byers (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it