Funding round
CMR Surgical Series C
CMR Surgical, which works in surgical robotics solutions development in Cambridge, raised $252M in a Series C round announced on 2 Dec 2019. 1 firm took part. It is CMR Surgical's third venture round on record; the one before was a Series B in Jun 2019.
$252M
Amount raised
195,000,000 GBP converted
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
CMR Surgical did not disclose a valuation in this round. It came 6 months after CMR Surgical's Series B. It is 14% of the $1.76B CMR Surgical has raised in the venture rounds on record. CMR Surgical raised again 18 months later: a Series D round of $600M in Jun 2021, at $3.00B post-money.
CMR Surgical's funding rounds
CMR Surgical has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 33 venture-backed companies new 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
31 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 13 times the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Imperative Care Medical Supply Manufacturers | 10 Dec 2019 | $85M | not disclosed | Ally Bridge Group and Bain Capital Life Sciences |
| Medical Supply Manufacturers | 3 Dec 2019 | $27M | not disclosed | Ally Bridge Group |
| Medical Supply Manufacturers | 15 Jan 2020 | $23M | not disclosed | not named |
| Medical Supply Manufacturers | 3 Mar 2020 | $146M | not disclosed | Deerfield and Qiming US |
| Medical Supply Manufacturers | 5 Sep 2019 | $44M | not disclosed | EQT and Gimv |
| Medical Supply Manufacturers | 25 Sep 2019 | $20M | not disclosed | not named |
| Medical Supply Manufacturers | 29 Apr 2020 | $43M | not disclosed | MicroPort Scientific Corporation |
| Medical Supply Manufacturers | 29 Jul 2019 | $48M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did CMR Surgical raise in its Series C round?
CMR Surgical raised $252M in its Series C round, announced in Dec 2019.
Which investors took part in CMR Surgical's Series C round?
Cambridge Innovation Capital.
What was CMR Surgical's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
31 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 13 times the median.
Did CMR Surgical raise again after this round?
Yes: a Series D round in Jun 2021 of $600M at $3.00B post-money.