Surgical · DevicesLisle, IL
Round
$10,000,000 Priced Round @ $37,000,000
Closed
$5,000,000 reserved for the lead
FDA milestone
Two Class II 510(k) clearances
Other groups in round
UChicago Medicine Ventures invested in our previous round and is exploring re-investment in this round
Traction: Launched in 2024, our first two products are already in 110 hospitals, including Mayo Clinic, Mount Sinai, and Johns Hopkins—generating $2.5M in reoccurring revenue.
What they're looking for: Always, introductions to neurosurgeons and spine surgeons!
After the session
Hubly Surgical — Medical Mondays, June 29, 2026
Investor sentiment (33 responses):
- High interest: 1
- Medium: 12
- Maybe (with condition): 3
- Low: 5
- No interest: 7
Investor engagement:
- Groups invited to apply: 6
- Investors who invited the company to apply: 6
- Investors who requested a 1:1 connection: 2
Summary: A single-use surgical drill with a 100%-effective automatic stop — FDA-cleared, revenue-generating across 110 hospitals — presented its $10M Series A. The room respected the product and its safety differentiation, with six groups inviting the company to apply; the dominant discussion was valuation, with investors converging toward a lower pre-money as the path to broader engagement.
Ortho · DevicesAlbuquerque, NM
Round
$3,500,000 Convertible Note @ $12,000,000
FDA milestone
Class II 510(k) with predicate; FDA path confirmed; testing partners aligned
FDA timeline
Five-quarter regulatory track (FDA 510(k) and EU CE submission)
Traction: Engagement with strategics and orthopedic companies (Smith & Nephew, Stryker, Acumed, Arthrex); presented at LSI April 2026; existing reimbursement pathway via CPT 25445
After the session
Sandia Medical — Medical Mondays, June 29, 2026
Investor sentiment (31 responses):
- High interest: 1
- Medium: 1
- Low: 9
- No interest: 14
Investor engagement:
- Groups invited to apply: 0
- Investors who invited the company to apply: 0
- Investors who requested a 1:1 connection: 1
Summary: A cobalt-chromium trapezium-bone implant for thumb CMC osteoarthritis presented its $3.5M seed. The technology and the rising-prevalence thesis drew interest, but the reception was gated on reimbursement — a prospective lead is completing diligence on whether coverage applies broadly. Interest was largely contingent on that question resolving favorably.
Peds · DevicesCleveland, OH
Round
$2,000,000 Convertible Note @ $8,500,000
Closed
~$650K committed (first close): Nationwide Children's $500K + existing investors $150K; targeting Jul/Aug close, balance early fall
FDA milestone
Completed pivotal clinical study
FDA timeline
6 months to submission. Anticipate approval by Oct 1, 2027
Other groups in round
Private angels. Management.
Traction: ~$250K ARR today (Intermountain Health, Lucile Packard/Stanford, others), projected $2M+ with Active Egg rollout; pivotal study (NIDCD-sponsored, 200+ babies) 12% speech-sound-processing improvement; 450+ infants across RCTs; $2.5M Phase II SBIR
What they're looking for: Advisors. KOL's.
After the session
SmallTalk — Medical Mondays, June 29, 2026
Investor sentiment (24 responses):
- High interest: 1
- Medium: 2
- Maybe (with condition): 1
- Low: 4
- No interest: 11
Investor engagement:
- Groups invited to apply: 1
- Investors who invited the company to apply: 1
- Investors who requested a 1:1 connection: 3
Summary: An evidence-based neurodevelopmental therapy for preterm NICU infants — suck-activated maternal-voice exposure with validated RCT outcomes — presented its $2M round. The science earned strong regard, with an existing-investor champion advocating; the discussion centered on the reimbursement/economic case (NICU DRGs) and whether the niche is large enough for a venture return.