# Adavium Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adavium-medical

- Industry: Medical Devices & Equipment
- Headquarters: Palo Alto, US
- Website: www.adavium.com
- Total disclosed funding: $47M
- Latest round: Series C (Apr 6, 2016)
- Investors on record: 4

## About

Adavium Medical specializes in innovative healthcare solutions, focusing on enhancing medical diagnostics and treatment methodologies to improve patient outcomes.Adavium Medical operates within the healthcare sector, providing advanced medical technologies. The company is headquartered in Palo Alto, US. It recently completed a Series C funding round, raising USD 21.00 mn, with investors including Aberdare Ventures, Arboretum Ventures, Henry Crown and Company, and Venrock. Previously, Adavium was acquired by Imeri Capital; the deal’s financial details were not disclosed.Adavium Medical develops and offers a range of healthcare technologies, including diagnostic tools and therapeutic devices aimed at improving patient care. Their products are designed for healthcare providers looking to enhance treatment efficacy and operational efficiency, addressing various medical needs in both clinical and outpatient settings.Adavium Medical's revenue model is based on the sales of its medical technologies and services. The company generates income through direct sales to healthcare institutions and practitioners, ensuring accessibility to innovative medical solutions that cater to diverse clinical demands.Looking ahead, Adavium Medical plans to expand its product line, with new diagnostic tools set for release in late 2024. The company aims to penetrate European markets by mid-2025, leveraging the recent Series C funding to enhance product development and marketing initiatives. This strategic focus on innovation and market expansion aligns with their growth objectives.

## Funding rounds

- Series C, Apr 6, 2016, $21M — Aberdare Ventures, Venrock, Arboretum Ventures, Henry Crown and Company
- Series B, Sep 4, 2013, $20M — Aberdare Ventures, Venrock, Arboretum Ventures
- Series A, May 31, 2011, $6M — Venrock

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C
- Aberdare Ventures (https://capitalatlas.ai/funds/aberdare-ventures) — Series B, Series C
- Arboretum Ventures (https://capitalatlas.ai/funds/arboretum-ventures) — Series B, Series C
- Henry Crown and Company — Series C