/Companies

Shape Memory Medical

San Jose, US · Delaware corporation · 50 employees on LinkedIn · 5 known investors

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Shape Memory Medical develops embolization and occlusion medical devices built on a bioabsorbable shape memory ("smart") polymer that expands to conform to vascular anatomy. Its product portfolio includes the IMPEDE, IMPEDE-FX, IMPEDE-FX RAPIDFILL and Trellix devices for peripheral, neurovascular and aortic applications, supported by clinical trials such as AAA-SHAPE and FLAGSHIP.

Founders & leadership

DMDuncan Maitland
Duncan MaitlandFounder
MH
Michael HensonExecutive
EF
Edward F. Ruppel, JrExecutive
CM
Carolyn M. BrugueraExecutive
JYJames Y Lancaster
James Y LancasterExecutiveJames Y Lancaster is a venture capital investor and operator with over 25 years of experience in deep tech and medical device sectors. He has founded and served as CEO of venture-backed companies including Solenic Medical, manages Innovate Angel Funds with $3M+ deployed across 42 companies, and serves as fractional executive and board director for early-stage founders.

Board

TR
Thom RascheBoard director
TT
Thomas ThalerBoard director
CK
Carla Kikken-JussenBoard director
JH
Jonathan HartmanBoard director

Investors · 5

Reported raises · per SEC filings

Form D private placements

$81.3M disclosed across 8 rounds · 2014–2026

▶$6.9MraisedJul 2026 · 16 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Edward F. Ruppel, JrExecutive Officer, Director
  • Thomas ThalerDirector
  • Michael HensonExecutive Officer, Director
  • Duncan MaitlandDirector
  • Thom RascheDirector
  • Carolyn M. BrugueraExecutive Officer
Offering amount
$10M
Amount sold
$6.9M
Minimum investment
$25K
First sale
Jul 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$17MraisedMay 2026 · 44 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Thom RascheDirector
  • Duncan MaitlandDirector
  • Thomas ThalerDirector
  • Michael HensonExecutive Officer, Director
  • Edward F. Ruppel, JrExecutive Officer, Director
  • Carolyn M. BrugueraExecutive Officer
Offering amount
$17M
Amount sold
$17M
Minimum investment
$25K
First sale
Apr 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30.5MraisedFeb 2024 · 73 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Edward F. RuppelExecutive Officer, Director
  • Duncan MaitlandDirector
  • Thomas ThalerDirector
  • Michael HensonExecutive Officer, Director
Offering amount
$37.8M
Amount sold
$30.5M
Minimum investment
$24.7K
First sale
Feb 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.8MraisedApr 2023 · 37 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Edward F. RuppelExecutive Officer, Director
  • Thomas ThalerDirector
  • Duncan MaitlandDirector
  • Michael HensonExecutive Officer, Director
Offering amount
$6.3M
Amount sold
$4.8M
Minimum investment
$2.8K
First sale
Apr 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$11.5MraisedJul 2022 · 37 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Thomas ThalerDirector
  • Edward RuppelExecutive Officer, Director
  • Duncan MaitlandDirector
  • Michael HensonDirector
Offering amount
$19.5M
Amount sold
$11.5M
Minimum investment
$15.8K
First sale
May 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7MraisedAug 2017 · 15 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Carolyn M. BrugueraExecutive Officer
  • Thomas ThalerDirector
  • Michael HensonDirector
  • Jim GamettDirector
  • Edward F. Ruppel, Jr.Executive Officer, Director
  • Duncan MaitlandDirector
Offering amount
$14M
Amount sold
$7M
Minimum investment
$7.5K
First sale
Jul 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3MraisedApr 2016 · 12 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • James Y. LancasterExecutive Officer
  • Duncan MaitlandExecutive Officer, Director
  • Edward F. RuppelExecutive Officer, Director
  • Michael HensonDirector
  • Carla Kikken-JussenDirector
  • Jonathan HartmanDirector
Offering amount
$4M
Amount sold
$3M
Minimum investment
$28K
First sale
Apr 2016
Incorporated
Corporation, Texas
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$616.5KraisedJan 2015 · 10 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Carla Kikken-JussenDirector
  • Jonathan HartmanDirector
  • Duncan MaitlandExecutive Officer, Director
  • James Y LancasterExecutive Officer, Director
Offering amount
$4.8M
Amount sold
$616.5K
First sale
Dec 2014
Incorporated
Corporation, Texas
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Related companies · 2

Companies working in the same space as Shape Memory Medical.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2016$2.3M
National Institutes of Health (NIH)National Institutes of HealthPhase I2015$199.6K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Shape Memory Medical do?
Shape Memory Medical develops embolization and occlusion medical devices built on a bioabsorbable shape memory ("smart") polymer that expands to conform to vascular anatomy. Its product portfolio includes the IMPEDE, IMPEDE-FX, IMPEDE-FX RAPIDFILL and Trellix devices for peripheral, neurovascular and aortic applications, supported by clinical trials such as AAA-SHAPE and FLAGSHIP.
Who founded Shape Memory Medical?
Shape Memory Medical was founded by Duncan Maitland.
Who are Shape Memory Medical's investors?
Shape Memory Medical's investors include Emergent Medical Partners, LLP, HBM Healthcare Investments, HBM Partners, Earlybird Venture Capital, Taiwania Capital.
How much funding has Shape Memory Medical raised?
Shape Memory Medical has disclosed $81.3M raised across 8 rounds.
Where is Shape Memory Medical headquartered?
Shape Memory Medical is headquartered in San Jose, US.