# Medtronic's Biotech Investments: 10 Startups in Its Portfolio (2026)

> The 10 Biotech startups Medtronic has backed, by stage: $1.4B raised between them. From the rounds we track; updated nightly.

Source: https://millionrounds.com/portfolio-maps/medtronic-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article)

## Series C and later

5

- [SetPoint Medical](https://millionrounds.com/company/setpoint-medical)
- [CereVasc](https://millionrounds.com/company/cerevasc)
- [*AM* AEGEA Medical](https://millionrounds.com/company/aegea-medical)
- [*P* PowerVision](https://millionrounds.com/company/powervision)
- [*P* Percardia](https://millionrounds.com/company/percardia)

## Series B

3

- [FIRE1](https://millionrounds.com/company/fire1)
- [Semma Therapeutics](https://millionrounds.com/company/semma-therapeutics)
- [*NT* NanoCor Therapeutics](https://millionrounds.com/company/nanocor-therapeutics)

## Stage not reported

2

- [EarLens](https://millionrounds.com/company/earlens)
- [AcuFocus](https://millionrounds.com/company/acufocus)

## Segment by segment

### Series C and later

5 startups · $644M raised

- [**SetPoint Medical**](https://millionrounds.com/company/setpoint-medical) SetPoint Medical is a commercial-stage medical technology company founded in 2007, focused on developing bioelectronic therapies f United States $256M
- [**CereVasc**](https://millionrounds.com/company/cerevasc) CereVasc is a clinical-stage medical device company based in Boston, Massachusetts, focused on developing innovative, minimally in United States $155M
- [*AM* **AEGEA Medical**](https://millionrounds.com/company/aegea-medical) AEGEA Medical manufactures surgical and medical instruments. United States $112M
- [*P* **PowerVision**](https://millionrounds.com/company/powervision) PowerVision is a device company developing implantable intraocular lenses. United States $108M
- [*P* **Percardia**](https://millionrounds.com/company/percardia) Percardia is a medical device company that develops therapies for the treatment of coronary artery disease. United States $13M

### Series B

3 startups · $334M raised

- [**FIRE1**](https://millionrounds.com/company/fire1) FIRE1, officially known as The Foundry Innovation and Research 1, Ltd., is a connected medical device company based in Dublin, Ireland. Ireland $170M
- [**Semma Therapeutics**](https://millionrounds.com/company/semma-therapeutics) Semma Therapeutics was founded to develop transformative therapies for Type 1 diabetes patients. United States $158M
- [*NT* **NanoCor Therapeutics**](https://millionrounds.com/company/nanocor-therapeutics) NanoCor Therapeutics develops viable intracellular genetic protein therapy for the treatment of chronic heart failure. United States $6.3M

### Stage not reported

2 startups · $418M raised

- [**EarLens**](https://millionrounds.com/company/earlens) Earlens is a medical technology company transforming the hearing experience with the only direct sound delivery system. United States $248M
- [**AcuFocus**](https://millionrounds.com/company/acufocus) Acufocus is a medical device company that develops and markets KAMRA inlay for the treatment of near vision loss. United States $170M

**How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Medtronic as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

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