Funding round
CMR Surgical Growth
Reported as "Growth Equity"
CMR Surgical, which works in surgical robotics solutions development in Cambridge, raised $165M in a Growth round announced on 20 Sep 2023. 10 firms took part, 10 of them already investors. It is CMR Surgical's fifth venture round on record; the one before was a Series D in Jun 2021.
$165M
Amount raised
Not disclosed
Post-money valuation
10
Investors
no lead named
Valuation
What this round says about the price
CMR Surgical did not disclose a valuation in this round; its last disclosed one was $3.00B at the Series D (Jun 2021). It came 27 months after CMR Surgical's Series D. It is 9.4% of the $1.76B CMR Surgical has raised in the venture rounds on record. CMR Surgical raised again 19 months later: a Growth round of $200M in Apr 2025.
CMR Surgical's funding rounds
CMR Surgical has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
10 firms took part; no lead investor was named.
Investors
- backs 37 venture-backed companies existing investor
- backs 33 venture-backed companies existing investor
- Escala Capital existing investor
- backs 6 venture-backed companies existing investor
- Lightrock backs 62 venture-backed companies existing investor
- RPMI Railpen existing investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- Tencent existing investor
- backs 2 venture-backed companies existing investor
- SoftBank existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
33 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $49M, and this round was 3.4 times the median. The closest in time, other companies' Growth rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 27 Sep 2023 | $28M | not disclosed | MVM Partners |
| Medical Supply Manufacturers | 21 Sep 2023 | $25M | not disclosed | Canaan |
| Medical Supply Manufacturers | 3 Aug 2023 | $49M | not disclosed | Insight Partners |
| Medical Supply Manufacturers | 15 Aug 2023 | $30M | not disclosed | Delos Capital |
| Medical Supply Manufacturers | 31 Oct 2023 | $25M | not disclosed | not named |
| Medical Supply Manufacturers | 30 Oct 2023 | undisclosed | not disclosed | Keensight Capital |
| RefleXion Medical Supply Manufacturers | 15 Nov 2023 | $105M | not disclosed | TPG |
| Medical Supply Manufacturers | 29 Nov 2023 | $41M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did CMR Surgical raise in its Growth round?
CMR Surgical raised $165M in its Growth round, announced in Sep 2023.
Which investors took part in CMR Surgical's Growth round?
Ally Bridge Group, Cambridge Innovation Capital, Escala Capital, LGT Capital Partners, Lightrock and RPMI Railpen and 4 more.
What was CMR Surgical's valuation at the Growth round?
It was not disclosed; its last disclosed one was $3.00B at the Series D (Jun 2021).
How does it compare with other Growth rounds in Medical Supply Manufacturers?
33 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $49M, and this round was 3.4 times the median.
Did CMR Surgical raise again after this round?
Yes: a Growth round in Apr 2025 of $200M.