# Series B medical Devices investors (2026 list)

> 68 series B medical Devices investors, 87% active in the last 12 months. Led by EIC Accelerator, Norwest Venture Partners, U.S. Venture Partners.

Source: https://millionrounds.com/lists/series-b-medical-device-investors (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Series B medical Devices investors

Updated 7 November 2026

Firms we have watched take part in a Series B round raised by a medical Devices company in the last two years. Both the stage and the sector are what they did, not what their website says.

[See all 68 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-b-medical-device-investors)The top 25

**68** investors on the list *+10* this week

**771** cheques in 12 months *-9%* against the market

**$28M** median round they joined *+244%* against the market median

**87%** 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 (25)

- 1 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 2 [Norwest Venture Partners](https://millionrounds.com/fund/norwest) *Deploying now* VC firm · United States **705** **$25M** median round **Oct 2026** last seen
- 3 [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) *Deploying now* VC firm · United States **535** **$15M** median round **Nov 2026** last seen
- 4 [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) *Deploying now* Government · China **449** **$16M** median round **Oct 2026** last seen
- 5 [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) *Deploying now* Government · Ireland **447** **$1.8M** median round **Nov 2026** last seen
- 6 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen
- 7 [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) *Deploying now* VC firm · United States **395** **$9M** median round **Nov 2026** last seen
- 8 [Ascension](https://millionrounds.com/fund/ascension) *Deploying now* VC firm · United Kingdom **190** **$3.4M** median round **Oct 2026** last seen
- 9 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen
- 10 [F-Prime Capital](https://millionrounds.com/fund/f-prime) *Deploying now* VC firm · United States **162** **$30M** median round **Nov 2026** last seen
- 11 [TEDCO](https://millionrounds.com/fund/tedco) *Deploying now* VC firm · United States **152** **$625K** median round **Sept 2026** last seen
- 12 [Cowin Capital](https://millionrounds.com/fund/cowin-venture-capital) *Deploying now* VC firm · China **151** **$14M** median round **Mar 2026** last seen
- 13 [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) *Deploying now* VC firm · United States **147** **$15M** median round **Sept 2026** last seen
- 14 [Atlantic Bridge](https://millionrounds.com/fund/atlantic-bridge) *Deploying now* VC firm · Ireland **116** **$14M** median round **Sept 2026** last seen
- 15 [Mayo Clinic](https://millionrounds.com/fund/mayo-clinic) *Deploying now* Investment firm · United States **100** **$14M** median round **Jul 2026** last seen
- 16 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen
- 17 [Playfair Capital](https://millionrounds.com/fund/playfair) *Deploying now* VC firm · United Kingdom **88** **$6.8M** median round **Sept 2026** last seen
- 18 [Highlight Capital](https://millionrounds.com/fund/highlight-capital) *Deploying now* VC firm · China **78** **$25M** median round **May 2026** last seen
- 19 [Foothill Ventures](https://millionrounds.com/fund/foothill-ventures) *Deploying now* VC firm · United States **75** **$7M** median round **Sept 2026** last seen
- 20 [GF Xinde Investment Management](https://millionrounds.com/fund/gf-xinde-investment-management) *Deploying now* VC firm · China **72** **$14M** median round **Jul 2026** last seen
- 21 [Bain Capital](https://millionrounds.com/fund/bain-capital) *Deploying now* Private equity · United States **58** **$50M** median round **Aug 2026** last seen
- 22 [Molten Ventures](https://millionrounds.com/fund/molten-ventures) *Deploying now* VC firm · United Kingdom **55** **$17M** median round **Nov 2026** last seen
- 23 [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) *Deploying now* VC firm · United States **53** **$6.9M** median round **Sept 2026** last seen
- 24 [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) *Deploying now* VC firm · United Kingdom **53** **$8.1M** median round **Oct 2026** last seen
- 25 [Bain Capital Life Sciences](https://millionrounds.com/fund/bain-capital-life-sciences) *Deploying now* Private equity · United States **49** **$134M** median round **Oct 2026** last seen

**43 more on this list**

All 68 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%2Fseries-b-medical-device-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *With* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp)
- **5** Nov **[ArrayPatch](https://millionrounds.com/company/arraypatch)** Seed · $1.8M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland)
- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [F-Prime Capital](https://millionrounds.com/fund/f-prime)
- **5** Nov **[Shinka](https://millionrounds.com/company/shinka)** Seed · $2.1M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland)
- **5** Nov **[Anaheim Bio](https://millionrounds.com/company/anaheim-bio)** Series A · $45M *With* [Thuja Capital](https://millionrounds.com/fund/thuja-capital)
- **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *Led by* [Invest-NL](https://millionrounds.com/fund/invest-nl)

## Stages This Year

686 rounds

- Venture **25%**
- Series A **16%**
- Seed **14%**
- Series B **11%**
- Other **8%**
- Other **26%**

## What They Backed

Sectors, last 12 months

- AI **183**
- Biotech **137**
- Healthcare **95**
- Pharma **35**
- Fintech **27**
- Energy **25**

## Cheques by Quarter

Led Joined

228 Q1 25

219 Q2 25

221 Q3 25

258 Q4 25

263 Q1 26

210 Q2 26

144 Q3 26

53 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Seed AI investors 2,922](https://millionrounds.com/lists/seed-ai-investors)
- [Series A AI investors 2,490](https://millionrounds.com/lists/series-a-ai-investors)
- [Series B AI investors 1,557](https://millionrounds.com/lists/series-b-ai-investors)
- [Pre-seed AI investors 1,286](https://millionrounds.com/lists/pre-seed-ai-investors)
- [Growth AI investors 1,186](https://millionrounds.com/lists/growth-ai-investors)
- [Series A fintech investors 950](https://millionrounds.com/lists/series-a-fintech-investors)
- [Series C AI investors 930](https://millionrounds.com/lists/series-c-ai-investors)
- [Seed fintech investors 925](https://millionrounds.com/lists/seed-fintech-investors)
- [Series A biotech investors 650](https://millionrounds.com/lists/series-a-biotech-investors)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about series B medical Devices investors

### Who are the most active series B medical Devices investors?

By cheques observed, the most active are EIC Accelerator, Norwest Venture Partners, U.S. Venture Partners, Shenzhen Capital Group Co. and Enterprise Ireland.

### How many series B medical Devices investors are there?

68 are on record. 87% made an investment in the last 12 months and 59% have led a round.

### Which stages do series B medical Devices investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (21%).

### How big are the rounds series B medical Devices investors join?

The typical (median) round among the leading investors here is $14M.

### Which sectors do series B medical Devices investors back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which series B medical Devices investors lead the most rounds?

Norwest Venture Partners (23 led), GIC (17 led) and F-Prime Capital (13 led).

### Where are series B medical Devices investors based?

Among the most active, most are based in the United States (12), China (4) and the United Kingdom (4).

### What have series B medical Devices investors invested in recently?

Recent rounds include Physicl (Seed, Nov 2026, with U.S. Venture Partners), ArrayPatch (Seed, Nov 2026, with Enterprise Ireland) and T-Therapeutics (Series B, Nov 2026, with F-Prime Capital).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)