Funding round
CMR Surgical Series A
CMR Surgical, which works in surgical robotics solutions development in Cambridge, raised $46M in a Series A round announced on 18 Sep 2017. 5 firms took part, 4 of them already investors. It is CMR Surgical's first venture round on record.
$46M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
CMR Surgical did not disclose a valuation in this round. It is CMR Surgical's first venture round on record, 3 years after it was founded in 2014. It is 2.6% of the $1.76B CMR Surgical has raised in the venture rounds on record. CMR Surgical raised again 21 months later: a Series B round of $100M in Jun 2019. Its next priced round, a Series D in Jun 2021, valued it at $3.00B.
CMR Surgical's funding rounds
CMR Surgical has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- ABB Technology Ventures existing investor
- backs 33 venture-backed companies existing investor
- Escala Capital existing investor
- backs 6 venture-backed companies existing investor
- backs 2 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
66 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $6.4M, and this round was 7.2 times the median. The closest in time, other companies' Series A rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 18 Sep 2017 | $8.3M | not disclosed | AO Invest AG and AO Invest |
| Medical Supply Manufacturers | 26 Sep 2017 | $5.0M | not disclosed | HBM-MedFocus and Invus |
| Medical Supply Manufacturers | 27 Sep 2017 | $3.5M | not disclosed | MicroPort Scientific Corporation |
| Neuralink Medical Supply Manufacturers | 1 Aug 2017 | $107M | not disclosed | not named |
| Medical Supply Manufacturers | 7 Aug 2017 | $20M | not disclosed | US Venture Partners |
| Medical Supply Manufacturers | 19 Oct 2017 | $8.5M | not disclosed | Intel Capital |
| Medical Supply Manufacturers | 25 Aug 2017 | $2.2M | not disclosed | not named |
| Medical Supply Manufacturers | 27 Nov 2017 | $10M | not disclosed | M Ventures and Hikma Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did CMR Surgical raise in its Series A round?
CMR Surgical raised $46M in its Series A round, announced in Sep 2017.
Which investors took part in CMR Surgical's Series A round?
ABB Technology Ventures, Cambridge Innovation Capital, Escala Capital, LGT Capital Partners and Watrium.
What was CMR Surgical's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Medical Supply Manufacturers?
66 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $6.4M, and this round was 7.2 times the median.
Did CMR Surgical raise again after this round?
Yes: a Series B round in Jun 2019 of $100M.