/Companies

Francis Medical

Maple Grove, US · Founded 2018 · Delaware corporation · 75 employees on LinkedIn · 2 known investors

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Francis Medical is a medical device company developing minimally invasive urological cancer treatments using water vapor ablation technology, initially focused on prostate cancer with its Vanquish Water Vapor Ablation System. It plans to expand into bladder and kidney cancer applications, aiming to reduce the side effects associated with conventional prostate treatments.

Founders & leadership

Francis Medical was founded in 2018 by Michael Hoey.

MHMichael Hoey
Michael HoeyFounder/Director/President/CTOMichael Hoey is the founder and chief technology officer of Francis Medical, a medical device company developing water vapor ablation technology for urological cancers. He previously founded 11 other companies in medical device and other industries, holds over 150 U.S. patents in medical device technologies, and served as faculty at the University of Minnesota teaching physiology, urologic surgery, and engineering.
MK
Michael KujakExecutive
CD
Christopher DixonChief Medical Officer

Board

ACAndrew Cleeland
Andrew CleelandBoard directorInvestor at Arboretum Ventures
JGJan Garfinkle
Jan GarfinkleBoard Member, InvestorFounder and Managing Partner at Arboretum Ventures
DADavid Adair
David AdairBoard DirectorCo-Founder and Managing Director at Solas BioVentures
AD
Andre de BruinBoard director

Investors · 2

Reported raises · per SEC filings

Form D private placements

$70.1M disclosed across 3 rounds · 2018–2024

▶$40MraisedDec 2024 · 16 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • David AdairDirector
  • Andrew CleelandDirector
  • Andre de BruinDirector
  • Michael HoeyDirector
  • Jan GarfinkleDirector
  • Michael KujakExecutive Officer, Director
Offering amount
$80M
Amount sold
$40M
Finders' fees
$625K
First sale
Dec 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$20MraisedSep 2021 · 18 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • David AdairDirector
  • Michael HoeyDirector
  • Andre de BruinDirector
  • Jan GarfinkleDirector
  • Michael KujakExecutive Officer, Director
Offering amount
$55M
Amount sold
$20M
Minimum investment
$79.4K
First sale
Sep 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.1MraisedNov 2018 · 14 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael KujakExecutive Officer, Director
  • Michael HoeyExecutive Officer, Director
  • Andre de BruinDirector
  • Jan GarfinkleDirector
  • David AdairDirector
Offering amount
$18.1M
Amount sold
$10.1M
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

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In the news

Frequently asked questions

What does Francis Medical do?
Francis Medical is a medical device company developing minimally invasive urological cancer treatments using water vapor ablation technology, initially focused on prostate cancer with its Vanquish Water Vapor Ablation System. It plans to expand into bladder and kidney cancer applications, aiming to reduce the side effects associated with conventional prostate treatments.
Who founded Francis Medical?
Francis Medical was founded by Michael Hoey in 2018.
Who are Francis Medical's investors?
Francis Medical's investors include Arboretum Ventures, Solas BioVentures.
How much funding has Francis Medical raised?
Francis Medical has disclosed $70.1M raised across 3 rounds.
Where is Francis Medical headquartered?
Francis Medical is headquartered in Maple Grove, US.