For medical device startups, funding is never far from mind. A device doesn’t make the leap from a design on paper to a patient’s bedside without the right financial backing.
And while venture capital is not the only way to fund your business (bootstrapping and family offices may also be options) it is one of the most popular and well-known routes that startups can take.
That’s why we’ve put together this list. Here, you’ll find some of the most reputable and successful venture capital funds that either focus specifically on medtech and life sciences, or emphasize medical devices in their portfolios. The list is heavily weighted toward the US, but many of the funds have a presence in Europe and/or Asia, as well.
Just remember, this list is a resource, not a ranking. We encourage you to explore the list fully, as there are many different types of funds represented with different portfolios, investment styles, and preferences on company growth stage.
BONUS RESOURCE: Click here to download the full 2025 Medical Device Industry Report for free!
OrbiMed
A leading healthcare-focused investment firm with a portfolio spanning biopharmaceuticals, medical devices, diagnostics, and healthcare IT. OrbiMed has offices in New York City, San Francisco, London, Shanghai, and Mumbai.
New Enterprise Associates (NEA)
A global venture capital firm with a long-standing and significant commitment to healthcare and medical technology. NEA was founded in 1977 and is headquartered in Chevy Chase, Maryland, with offices in Menlo Park, California, and Beijing.
Versant Ventures
A leading investor in the biotechnology, medical device, and healthcare spaces, known for helping entrepreneurs with groundbreaking ideas. Versant Ventures was founded in 1999 and has offices in the US, Canada, and Europe.
https://www.versantventures.com/
SV Health Investors
A healthcare and life sciences venture capital firm that invests across a range of opportunities, from early-stage to growth equity. SV Health Investors was founded in 1993 and is located in Boston and London.
https://www.svhealthinvestors.com/
Solas BioVentures
A venture capital firm that invests exclusively in the life sciences industry, focusing on early-stage biopharmaceuticals, medical devices, digital health, and diagnostics. The firm was founded in 2015 and is headquartered in Chattanooga, Tennessee.
SOSV
A global deep tech venture capital firm that operates the HAX and IndieBio startup programs, both with a strong focus on human and planetary health, including medical devices. The firm has offices in the US, Europe, and Asia, and was founded in 1995.
General Catalyst
A firm with a significant presence in digital health through its Health Assurance Fund, which backs companies transforming the healthcare system. The firm was founded in 2000 in Massachusetts and has offices in Boston, Palo Alto, San Francisco, and New York.
https://www.generalcatalyst.com/
Third Rock Ventures
Known for its hands-on approach, this firm creates and invests in life science companies from the ground up, including those in the medical device sector. Third Rock Ventures was founded in 2007 and has offices in Boston and San Francisco.
https://www.thirdrockventures.com/
7wireVentures
An early-stage venture capital firm focused on companies that are building the digital health ecosystem to empower consumers and improve care. The firm was founded in 2011 and is based in Chicago, Illinois.
https://www.7wireventures.com/
ARCH Venture Partners
A top-tier firm that provides seed/early-stage funding to companies in the life sciences, physical sciences, and information technology. ARCH was founded in 1986 and has offices in Chicago, San Francisco, and Seattle.
Vensana Capital
A firm exclusively dedicated to partnering with entrepreneurs in the medical technology sector. Vensana Capital was founded in 2019 and is located in the Bay Area, California.
Arboretum Ventures
A Midwest-based healthcare venture capital firm that invests in innovations that solve significant healthcare problems. Arboretum Ventures was founded in 2002 and is located in Ann Arbor, Michigan.
BioVentures MedTech Funds
A venture capital firm exclusively focused on investing in companies that are developing leading-edge medical technologies. The firm was founded in 1999 and is located in Vienna, Virginia.
https://www.bioventuresinvestors.com/
Andreessen Horowitz (a16z)
While a well-known general tech firm, a16z has become a major force in health tech through its Bio + Health Fund, which invests in companies at the intersection of biology, health, and technology. The firm was founded in 2009 in Silicon Valley, California.
Sofinnova Partners
A leading European venture capital firm specializing in life sciences, with a strong focus on healthcare and sustainability. Sofinnova was founded in 1972 and has offices in Paris, London, and Milan.
https://www.sofinnovapartners.com/
5AM Ventures
This firm focuses on early-stage life science companies, including those in the medical device space. 5AM Ventures was founded in 2002 and is located in California.
Venrock
A venture capital firm with a strong history of investing in the diagnostics, medical device, and therapeutics sectors. Venrock was founded in 1969 as the venture capital arm of the Rockefeller family and is located in Palo Alto, California, and Cambridge, Massachusetts.
Sante Ventures
A specialized firm that invests in biotech, medtech, and health tech companies. Sante Ventures was founded in 2006 and is located in Austin, Texas.
Longitude Capital
A healthcare-focused investment firm that funds both private and public companies. The firm was founded in 2006 and is headquartered in Menlo Park, California, with an additional office in Greenwich, Connecticut.
https://www.longitudecapital.com/
Domain Associates LLC
A venture capital firm that focuses on biopharma, device, and diagnostic companies. Domain Associates was founded in 1985 and is based in Princeton, New Jersey.
Vivo Capital
A healthcare-focused investment firm that invests in companies across all stages of development. Vivo Capital was founded in 1997 and has offices in Palo Alto, California, and Shanghai, China.
Innova Memphis
A pre-seed, seed, and early-stage investor with a strong record of funding high-growth medical device startups in the U.S. The firm was founded in 2007 and is located in Memphis, Tennessee.
https://www.innovamemphis.com/
Catalyst Health Ventures (CHV)
An early-stage venture capital firm focused on the medical device, diagnostic, and digital health sectors. The firm was founded in 1998 and is based in Braintree, Massachusetts.
Lightspeed Venture Partners
While a multi-industry firm, Lightspeed has been expanding its healthcare investments, with an emphasis on tech-enabled medical solutions. Lightspeed was founded in 2000 and is headquartered in Menlo Park, California.
Kleiner Perkins
A prominent venture capital firm with a history of investing in life sciences, including MedTech. Kleiner Perkins was founded in 1972 and is located in Menlo Park, California.
https://www.kleinerperkins.com/
Sonder Capital
A venture capital firm that invests in early-stage medical device, diagnostic, and healthtech startups. Sonder Capital was founded in 2016 and is located in the San Francisco Bay Area.
Medtronic Ventures
The corporate venture arm of Medtronic, focusing on startups that align with their strategic interests in medical devices. Medtronic Ventures was founded in 2004 and is headquartered in Minneapolis, Minnesota.
https://www.medtronic.com/us-en/about/ventures.html
Deerfield Management
A healthcare investment firm that works to advance patient care through a range of investment strategies, including venture capital. Deerfield Management was founded in 1994 and is based in New York City.
Texas Medical Center Venture Fund
An accelerator that provides a gateway to the vast resources and network of the world's largest medical center, a key hub for medical device startups. The TMC Venture Fund was launched in 2017 and is located in Houston, Texas.
Cultivate(MD)
A fund specifically focused on medical device venture capital, often investing at an early stage. The firm was founded in 2014 and is based in Grand Rapids, Michigan.
Vesalius Biocapital Partners
A European venture capital firm that invests in innovative life science companies, including those in medical devices and digital health. Vesalius Biocapital was founded in 2007 and is located in Luxembourg.
https://www.vesaliusbiocapital.com/
Broadview Ventures
A venture firm that supports companies in cardiovascular and cerebrovascular innovation. Broadview Ventures was founded in 2008 and is headquartered in Boston, Massachusetts.
https://broadviewventures.org/
Health Catalyst
A healthcare data and analytics technology and services company that makes investments in healthcare technology. The company was founded in 2008 and is headquartered in Salt Lake City, Utah.
https://www.healthcatalyst.com/
EQT Life Sciences
A life sciences venture capital firm focused on investments in the biotechnology, medical devices, and diagnostics sectors. EQT Life Sciences was founded in 2011 and is based in Amsterdam, Netherlands.
https://eqtgroup.com/private-capital/eqt-life-sciences
Gilde Healthcare
A specialized healthcare investor that invests in a wide range of companies, including those in the medical device sector. Gilde Healthcare was founded in 1982 and has offices in Utrecht (Netherlands), Frankfurt (Germany), and Cambridge (US).
F-Prime Capital
A global venture capital firm that invests in technology and healthcare, with a significant presence in medical devices. F-Prime Capital was founded in 1969 and is based in Cambridge, Massachusetts.
https://www.fprimecapital.com/
HealthQuest Capital
A firm focused on medical technology, diagnostics, and digital health. The firm was founded in 2013 and is located in Redwood City, California.
https://www.healthquestcapital.com/
Morningside Ventures
A venture capital firm with a strong focus on life sciences, including medical devices. Morningside Ventures was founded in 1986 and has offices in Cambridge, Massachusetts, as well as in London and Hong Kong.
Biostar Capital
An investment firm focused on companies that address unmet health and economic needs. Biostar Capital was founded in 2005 and is based in Charlevoix, Michigan.
https://www.biostarcapital.com/
Baird Capital
A global private equity and venture capital firm that invests in the healthcare sector, including medical devices. Baird Capital was founded in 1989 and is headquartered in Chicago, Illinois.
The Vertical Group
A firm with a long history of investing exclusively in the medical device sector. The Vertical Group was founded in 1989 and is headquartered in Summit, New Jersey.
https://www.vertical-group.com/
Oxford Finance LLC
A venture debt firm that provides capital to life sciences and healthcare companies, including those in the medical device space. Oxford Finance was founded in 1998 and is headquartered in Alexandria, Virginia.
https://www.oxfordfinance.com/
J&J Development Corp. (JJDC)
The venture capital subsidiary of Johnson & Johnson, actively investing in healthcare and medical device startups. JJDC was founded in 1973 and has a global presence.
https://jnjinnovation.com/venture-investing-jjdc
Hatteras Venture Partners
A venture capital firm with a focus on life science, including medical devices, biopharmaceuticals, and diagnostics. Hatteras Venture Partners was founded in 2000 and is based in Durham, North Carolina.
Canaan Partners
A venture capital firm that invests in early-stage technology and healthcare companies. Canaan Partners was founded in 1987 and is headquartered in Menlo Park, California, with offices in New York City and Tel Aviv.
Lightstone Ventures
A firm that focuses only on medtech and biotech, Lightstone Ventures was founded in 2012 to act as a partner to life sciences companies at all stages of growth. The firm has offices in Boston, MA, Portola Valley, CA, and Dublin, Ireland.
Schooner Capital
An investment firm that provides growth capital to companies in the life sciences and healthcare sectors. The firm was founded in 1971 and is located in Boston, Massachusetts.
Riverfront Ventures
An early-stage VC firm focused on technology companies, including those in the life sciences and robotics. Riverfront Ventures was founded in 2012 and is located in Memphis, Tennessee.
https://www.riverfrontventures.com/
Pappas Capital
A venture capital firm that invests in life science products and technologies, including medical devices. Pappas Capital was founded in 1994 and is located in Research Triangle Park, North Carolina.
https://www.pappas-capital.com/
Ascension Ventures
An investment firm affiliated with the Ascension health system, focusing on digital health, life sciences, and healthcare services. Ascension Ventures was founded in 2001 and is located in St. Louis, Missouri.
http://www.ascensionventures.org/
BONUS RESOURCE: Click here to download the full 2025 Medical Device Industry Report for free!
Ultralight by Greenlight Guru is built just for fast-moving startups like yours
In the early stages, startups can’t afford being weighed down with clunky legacy software. But they also can’t afford the mistakes and compliance risks associated with paper. That’s why at Greenlight Guru, we’re bringing you a new eQMS, Ultralight, that’s fast, flexible, and always backed by our team of legendary medtech experts.
Designed specifically for lean medical device teams, Ultralight brings together Quality and Product Development in a single, compliant system that helps you move fast, stay organized, and show investors you’re ready to scale.
Ready to see it in action? Get your free demo of Ultralight by Greenlight Guru today!
2025 Medical Device Industry Report
