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Treo Ventures, Llc

Venture capital

Minneapolis · Seed–Late Stage · 5 people tracked

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Investment thesis

Treo Ventures invests in medical device and digital health companies whose innovations can meaningfully improve human life. It targets startups based in the US and Europe, operating from offices in Silicon Valley and Ireland. The portfolio emphasizes clinical-stage medical technologies, notably neuromodulation and implantable bioelectronic devices, cardiovascular therapies, orthopedic materials, and treatments for conditions such as migraine, restless legs syndrome, urinary urge incontinence, and venous disorders.

Invests inDigital HealthHealthtechMedical DevicesEuropeIrelandMinneapolisSanta ClaraSilicon ValleyUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Minneapolis, California, US
Instruments
Equity
Founded
2018
AUM
$128M
VC funds
2
Tracked investments
17

Team · 5 people

from the firm's website

What they invest in

from 13 of 17 portfolio companies

Medical Devices ×12Healthtech ×11Biotech ×6Deep Tech ×4Advanced Manufacturing ×1Circular Economy ×1Digital Health ×1Enterprise Software ×1

HQs:United States×13

Investments · 17 tracked

founders shown can be your intro path
CVRxcvrx.comin𝕏NASDAQ: CVRX

CVRx develops Barostim, an implantable medical device that uses baroreceptor activation to treat heart failure patients and improve their functional capacity and quality of life.

BiotechHealthtechMedical DevicesAustin, US

Craig Palmer(Executive Officer)Geoff Pardo(Director)Nadim Yared(Executive Officer, Director)Dean Bruhn-Ding(Executive Officer)John Brintnall(Executive Officer)Liz Galle(Executive Officer)

Avivomedavivomed.com✓ verified

Avivomed is a medical device company developing minimally invasive neuromodulation therapies for patients with obstructive sleep apnea.

BiotechDeep TechHealthtechMedical DevicesRoseville, US

Paul Mazanec(Chief Executive Officer)Theresa C. Pappas(Director)Ketan Patel(Director)Casper de Clercq(Director)Douglas Reed(Director)Stephen Masson(Executive Officer, Director)

Iriva Medicalirivamedical.com✓ verified

iRiva Medical is a development-stage medical device company building neuromodulation technology platforms to treat patients with chronic diseases.

BiotechHealthtechMedical DevicesMinneapolis, US

Steve Masson(President & CEO)Mudit K. Jain(Co-Founder and Chairman of the Board)Lynn Elliott(Co-Founder and Director)

NuXcelnuxcel.com✓ verified

NuXcel is a global medical device accelerator that founds and incubates bioelectronics and neuromodulation startups addressing large unmet clinical needs, using a lean innovation model.

Deep TechHealthtechMedical Devices

Hyalexhyalex.comin𝕏

HYALEX Orthopaedics develops a synthetic cartilage platform for joint repair in orthopaedic surgery.

HealthtechMedical DevicesLexington, US

David Myung(Director)Carl Vause(Executive Officer, Director)V. Kadir Kadhiresan(Director)Mira Sahney(Executive Officer, Director)

BoardMichael Hawkins(Director)Wende Hutton(Director)

Board seatBrad H. Vale· per SEC Form D

Noctrix Health, Inc.SEC filingmedium confidence

Pleasanton, US

Board seatMudit JainTracy Pappas· per SEC Form D · $17M raise · filed Jan 2021

ShiraTronicsshiratronics.comin

ShiraTronics is a medical device company developing an implantable device to treat chronic migraine disease.

BiotechHardwareHealthtechMedical DevicesBrooklyn Park, US

Robert Binney(Executive Officer, Director)

BoardJoyce Erony(Director)Zack Scott(Director)Brad Vale(Director)Casey Tansey(Director)

Board seatBrad H. ValeMudit Jain· per SEC Form D

InterVene

Medical device company focused on treating chronic post-thrombotic venous occlusions and obstructions from deep vein thrombosis and chronic venous insufficiency.

Intervene Incintervene-med.com

InterVene, Inc. is a medical device company that has developed a fully integrated mechanical thrombectomy system to treat venous in-stent restenosis and residual thrombotic venous obstructions and occlusions.

BiotechHealthtechMedical DevicesMountain View, US

Mel Schatz(Director)Thomas Fogarty(Director)Fletcher Wilson(Executive Officer, Director)Evan Ng(Secretary)

Intuity Medicalpresspogo.comin𝕏

IT Asset Management Group provides IT asset disposition (ITAD), secure data destruction, and electronics recycling services for retired IT equipment.

Circular EconomyEnterprise Software<UNKNOWN>

Iveacareiveacare.com

IVEAcare develops neuromodulation and bioelectronics therapies, implantable medical devices aimed at treating chronic conditions for large patient populations.

Deep TechHealthtechMedical DevicesRoseville, US

Corey Dishmon(Director)Todd Kerkow(Co-Founder, President and CEO)Mudit Jain(Co-Founder and Chairman of the Board)Robert Greenberg(Director)Kirk Nielsen(Director)Amrinder Singh(Director)

Neochordneochord.comin𝕏

NeoChord develops a medical device system for beating heart mitral valve repair in patients with mitral valve regurgitation.

Advanced ManufacturingHealthtechMedical DevicesMaple Grove, US

Todd Berg(Executive Officer, Director)J. Alex Martin(Director)Andrew ElBardissi(Director)David H. Chung(Executive Officer, Director)Ron Nelson(Executive Officer)Michael Liang(Director)

Neuspera Medical

Developing implantable medical device technology for chronic illness, initially for urinary urge incontinence, delivering targeted bioelectronic medicine.

Neuspera Medical, Inc.neuspera.comin𝕏

Neuspera develops an integrated sacral neuromodulation system for treating urinary urge incontinence, using a smart implanted neurostimulator paired with a wireless external battery.

BiotechHealthtechMedical DevicesSan Jose, US

Milton M. Morris(Executive Officer, Director)

Noctrix Healthnoctrixhealth.com

Noctrix Health develops clinically validated wearable therapeutics for managing chronic neurological disorders, with its first product Nidra receiving FDA De Novo authorization and dedicated CMS HCPCS codes.

Digital HealthMedical DevicesWellness & FitnessPleasanton, US

SecondWave Systems

Clinical-stage medical device company developing a novel ultrasound-based treatment for inflammatory disorders.

SecondWave Systems, Inc.secondwaveus.comin

SecondWave Systems develops a wearable ultrasound stimulation platform for noninvasive treatment of chronic and life-threatening diseases.

Deep TechHealthtechMedical Devices

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Treo Ventures, Llc invest at?
Treo Ventures, Llc invests at the Seed, Series A, Series B, Growth, Late Stage stages.
What sectors does Treo Ventures, Llc focus on?
Treo Ventures, Llc focuses on Digital Health, Healthtech, Medical Devices.
Where is Treo Ventures, Llc located?
Treo Ventures, Llc is headquartered in Minneapolis, US.

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