# Corporate VCs backing Medical Devices (2026 list) > 27 corporate VCs backing Medical Devices, 78% active in the last 12 months. Led by Qualcomm Ventures, Advantage Capital, Barclays Ventures. Source: https://millionrounds.com/lists/corporate-vcs-medical-device (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Corporate VCs backing Medical Devices Updated 7 November 2026 Corporate VCs we have observed in a medical Devices round in the last two years. [See all 27 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-medical-device)The top 25 **27** investors on the list *+1* this week **236** cheques in 12 months *+37%* against the market **$23M** median round they joined *+185%* against the market median **78%** wrote a cheque in 12 months **59%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) *Deploying now* Corporate VC · United States **228** **$20M** median round **Oct 2026** last seen - 2 [Advantage Capital](https://millionrounds.com/fund/advantage-capital) *Deploying now* Corporate VC · United States **142** **$4.1M** median round **Sept 2026** last seen - 3 [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) *Deploying now* Corporate VC · United Kingdom **128** **$23M** median round **Oct 2026** last seen - 4 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen - 5 [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) *Deploying now* Corporate VC · United Kingdom **105** **$6.3M** median round **Nov 2026** last seen - 6 [Protocol Labs](https://millionrounds.com/fund/protocol-labs) *Deploying now* Corporate VC · United States **87** **$4.3M** median round **Apr 2026** last seen - 7 [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures) *Deploying now* Corporate VC · United States **80** **$27M** median round **Oct 2026** last seen - 8 [Samsung Ventures](https://millionrounds.com/fund/samsung-ventures) *Deploying now* Corporate VC · United States **76** **$20M** median round **Nov 2026** last seen - 9 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen - 10 [TDK Ventures](https://millionrounds.com/fund/tdk-ventures) *Deploying now* Corporate VC · United States **56** **$27M** median round **Sept 2026** last seen - 11 [Applied Ventures](https://millionrounds.com/fund/applied-ventures) *Deploying now* Corporate VC · United States **43** **$54M** median round **Oct 2026** last seen - 12 [Bertelsmann](https://millionrounds.com/fund/bertelsmann) *Deploying now* Corporate VC · Germany **34** **$10M** median round **Aug 2026** last seen - 13 [LabCorp](https://millionrounds.com/fund/labcorp) *Deploying now* Corporate VC · United States **12** **$23M** median round **Sept 2026** last seen - 14 [GE Healthcare](https://millionrounds.com/fund/ge-healthcare) *Deploying now* Corporate VC · United States **8** **$150M** median round **Nov 2026** last seen - 15 [Natixis](https://millionrounds.com/fund/natixis) *Deploying now* Corporate VC · France **6** **$345M** median round **Mar 2026** last seen - 16 [Statkraft Ventures](https://millionrounds.com/fund/statkraft-ventures) *Deploying now* Corporate VC · Germany **6** **$18M** median round **Jul 2026** last seen - 17 [Cedars Sinai](https://millionrounds.com/fund/cedars-sinai) quiet Corporate VC · United States **5** **$6.1M** median round **Nov 2024** last seen - 18 [We Venture Capital](https://millionrounds.com/fund/we-venture-capital) quiet Corporate VC **5** **$11M** median round **Jul 2025** last seen - 19 [Orlando Health](https://millionrounds.com/fund/orlando-health-ventures) *Deploying now* Corporate VC · United States **3** **$20M** median round **Oct 2026** last seen - 20 [SPRIM Global Investments](https://millionrounds.com/fund/sprim-global-investments) *Deploying now* Corporate VC · Singapore **3** **$31M** median round **Aug 2026** last seen - 21 [Intuitive](https://millionrounds.com/fund/intuitive) quiet Corporate VC · United States **2** **$71M** median round **Nov 2025** last seen - 22 [Macmillan Cancer Support](https://millionrounds.com/fund/macmillan-cancer-support) quiet Corporate VC · United Kingdom **2** **$7.5M** median round **Jun 2025** last seen - 23 [Ascensia Diabetes Care](https://millionrounds.com/fund/ascensia-diabetes-care) *Deploying now* Corporate VC **1** **$36M** median round **Oct 2026** last seen - 24 [G42](https://millionrounds.com/fund/g42) quiet Corporate VC · United Arab Emirates **1** **$650M** median round **Jun 2025** last seen - 25 [Helsana HealthInvest](https://millionrounds.com/fund/helsana-healthinvest) quiet Corporate VC · Switzerland **1** **$17M** median round **May 2025** last seen **2 more on this list** All 27 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-medical-device) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *Led by* [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) - **4** Nov **[Laza Medical](https://millionrounds.com/company/laza-medical)** Series B · $160M *Led by* [GE Healthcare](https://millionrounds.com/fund/ge-healthcare) - **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Samsung Ventures](https://millionrounds.com/fund/samsung-ventures) - **28** Oct **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · $100M *With* [SE Ventures](https://millionrounds.com/fund/se-ventures) - **23** Oct **[Albert Invent](https://millionrounds.com/company/albert-invent)** Growth *Led by* [Applied Ventures](https://millionrounds.com/fund/applied-ventures) - **22** Oct **[FSE Group](https://millionrounds.com/company/fse-group)** Debt · $94M *Led by* [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) ## Stages This Year 225 rounds - Series B **18%** - Series A **16%** - Venture **14%** - Debt **10%** - Seed **9%** - Other **33%** ## What They Backed Sectors, last 12 months - AI **81** - Healthcare **23** - Energy **19** - Big Data & Analytics **16** - Biotech **16** - Hardware & Electronics **15** ## Cheques by Quarter Led Joined 42 Q1 25 42 Q2 25 51 Q3 25 51 Q4 25 77 Q1 26 58 Q2 26 58 Q3 26 21 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about corporate VCs backing Medical Devices ### Who are the most active corporate VCs backing Medical Devices? By cheques observed, the most active are Qualcomm Ventures, Advantage Capital, Barclays Ventures, SE Ventures and British Business Bank. ### How many corporate VCs backing Medical Devices are there? 27 are on record. 78% made an investment in the last 12 months and 59% have led a round. ### Which stages do corporate VCs backing Medical Devices back? Of the rounds with a named stage in the last 12 months, mostly Series B (23%) and Series A (20%). ### How big are the rounds corporate VCs backing Medical Devices join? The typical (median) round among the leading investors here is $20M. ### Which sectors do corporate VCs backing Medical Devices back most? In the last 12 months, mostly AI, Healthcare and Energy. ### Which corporate VCs backing Medical Devices lead the most rounds? Qualcomm Ventures (6 led), Barclays Ventures (5 led) and TDK Ventures (5 led). ### Where are corporate VCs backing Medical Devices based? Among the most active, most are based in the United States (13), the United Kingdom (3) and Germany (3). ### What have corporate VCs backing Medical Devices invested in recently? Recent rounds include T-Therapeutics (Series B, Nov 2026, with British Business Bank), Laza Medical (Series B, Nov 2026, with GE Healthcare) and Agrani Labs (Nov 2026, with Samsung Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)