Fundraising Fox

Avivomed

Roseville, US · Founded 2021 · Delaware corporation · 3 known investors

Avivomed is a medical device company developing minimally invasive neuromodulation therapies for patients with obstructive sleep apnea. Based in the Minneapolis area, it targets mild-to-moderate OSA patients who cannot tolerate CPAP.

Founders & leadership

Avivomed was founded in 2021 by Lynn Elliott and Mudit Jain.

LELynn Elliott
Lynn ElliottCo-Founder
MJMudit Jain
Mudit JainCo-Founder
PMPaul Mazanec
Paul MazanecChief Executive Officer
SM
Stephen MassonNamed on SEC filing

Board

TC
Theresa C. PappasBoard director
KPKetan Patel
Ketan PatelinBoard directorManaging Partner at F-Prime Capital Partners
CDCasper de Clercq
Casper de ClercqBoard director
DR
Douglas ReedBoard director
MK
Mudit K. JainBoard director

Investors · 3

Reported raises · per SEC filings

Form D private placements

$25.1M disclosed across 2 rounds · 2021–2026

$5MraisedApr 2026 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul MazanecExecutive Officer, Director
  • Theresa C. PappasDirector
  • Ketan PatelDirector
  • Casper de ClercqDirector
  • Douglas ReedDirector
  • Mudit K. JainDirector
Offering amount
$12M
Amount sold
$5M
First sale
Apr 2026
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$20.1MraisedNov 2021 · 6 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ketan PatelDirector
  • Mudit K. JainDirector
  • Stephen MassonExecutive Officer, Director
  • Casper de ClercqDirector
  • Theresa C. PappasDirector
  • Douglas ReedDirector
Offering amount
$32M
Amount sold
$20.1M
First sale
Nov 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap
AVIA4 shared keywordsAVIA operates a network and advisory platform for health systems, providing benchmarking, market intelligence, and peer collaboration to support their digital transformation and AI adoption. It serves hospitals and health systems and includes offerings like AVIA Marketplace and Panda Health for evaluating digital health companies.
Iveacare4 shared keywordsIVEAcare develops neuromodulation and bioelectronics therapies, implantable medical devices aimed at treating chronic conditions for large patient populations. The company partners with physicians to advance new therapies in the treatment of unmet clinical needs.
Nuvomed3 shared keywordsNuvomed is a family-operated company that develops and distributes affordable health and wellness devices, with a focus on hearing enhancement, physical therapy, and mental wellness. It sells holistically therapeutic products to consumers across the United States, originally supplying small pharmacies.
Iriva Medical3 shared keywordsiRiva Medical is a development-stage medical device company building neuromodulation technology platforms to treat patients with chronic diseases. A NuXcel spinoff based in Minneapolis, it develops implantable neuromodulation therapies targeting large patient populations with unmet clinical needs.
Avvio Medical3 shared keywordsAvvio AMEA develops kidney stone treatment technology for urological care, targeting patients and healthcare providers across Asia, the Middle East, and Africa. It is the regional arm of Avvio Medical, whose investigational medical device has not yet received regulatory clearance.

Companies competing with Avivomed for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Frequently asked questions

What does Avivomed do?
Avivomed is a medical device company developing minimally invasive neuromodulation therapies for patients with obstructive sleep apnea. Based in the Minneapolis area, it targets mild-to-moderate OSA patients who cannot tolerate CPAP.
Who founded Avivomed?
Avivomed was founded by Lynn Elliott, Mudit Jain in 2021.
Who are Avivomed's investors?
Avivomed's investors include Hatteras Venture Partners, Treo Ventures, Llc, F-Prime Capital.
How much funding has Avivomed raised?
Avivomed has disclosed $25.1M raised across 2 rounds.
Where is Avivomed headquartered?
Avivomed is headquartered in Roseville, US.