Fundraising Fox
Vensana Capital
Venture capitalMinneapolis · Series A–Late Stage · 43 people tracked
Also known as VENSANA CAPITAL MANAGEMENT, LLC
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Investment thesis
Vensana Capital invests in development-stage and commercial-stage companies across the medtech sector, including medical devices, diagnostics and data science, drug delivery, digital health, life science tools, and tech-enabled services. The firm emphasizes partnering with experienced, insightful, and bold management teams, aiming to invest where its capital and commitment amplify the success of its entrepreneurs. Its focus is on backing companies pursuing transformative innovation in healthcare technology.
Source: firm website, verified Sep 29, 2026.
Team · 43 people
from the firm's website & public directories
Founder mafia
The Vensana Capital mafia →13 people who came through Vensana Capital went on to found or lead other companies.
What they invest in
from 32 of 35 portfolio companiesHealthtech ×26Medical Devices ×25Biotech ×16Digital Health ×6AI & Machine Learning ×5Hardware ×4Deep Tech ×3Data & Infrastructure ×1
HQs:United States×28Ireland×2
Investments · 35 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 92024 · 32023 · 32022 · 32021 · 12020 · 62019 · 12017 · 130 dated
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)inNadim Yared(Executive Officer, Director)inDean Bruhn-Ding(Executive Officer)inJohn Brintnall(Executive Officer)inLiz Galle(Executive Officer)Kevin Hykes(President, Chief Executive Officer & Director)in
Board seatKirk Nielsen· per SEC Form D
Co-investorsABS VenturesNew Enterprise Associates (NEA)Treo Ventures, LlcWindham Capital PartnersYsios CapitalAction Potential Venture Capital Ltd.+1 more
Senseonics develops and commercializes Eversense, an implantable continuous glucose monitoring system designed to measure blood sugar levels for up to one year in people with diabetes, offering an alternative to conventional glucose monitors that require more frequent sensor replacement.
BiotechGermantown, US
Mukul Jain(Executive Officer)Francine R. Kaufman(Executive Officer, Director)inRick Sullivan(Executive Officer)inKenneth L Horton(Executive Officer)Timothy T. Goodnow(Executive Officer, Director)Mirasol Panlilio(Executive Officer)in
Board seatPeter Justin Klein· per SEC Form D · $30M raise · filed Sep 2020
Co-investorsNew Enterprise Associates (NEA)
SpyGlass Pharma develops a sustained drug delivery platform for treating chronic ophthalmic diseases such as glaucoma, integrating drugs, procedures, and devices for long-term disease control and vision preservation.
BiotechHealthtechMedical DevicesAliso Viejo, US
Glenn Sussman(Co-founder)inMalik Y. Kahook(Co-founder)inPatrick Mooney(CEO)
BoardJake Merrill(Director)Geoff Pardo(Director)Bilal Khan(Director)
Board seatKirk Nielsen· per SEC Form D
Co-investorsNew Enterprise Associates (NEA)RA CapitalSamsara BioCapitalSands Capital Ventures
Elucent develops precision-guided surgical technologies that use 3D spatial positioning to make surgical procedures less invasive and more effective.
Deep TechHardwareHealthtechMedical Devices
Jason Pesterfield(President & Chief Executive Officer)in
Co-investorsRC CapitalAvestria VenturesBaird Capital
Nyra Medical develops the CARLEN (Cardiac Leaflet Enhancer) system, a transcatheter single-leaflet device for repairing functional mitral regurgitation while preserving native valve function.
BiotechHealthtechMedical DevicesAtlanta, US
Dr. Murali Padala(Founder)Dr. Eric Sarin(Founder, Director)Dr. Kirthana Suresh(Founder)Sai Muralidhar Padala(Executive Officer, Director)Lori Chmura(CEO)inGowri Raman(Director)
Co-investorsBroadview VenturesEpidarex CapitalGRA Venture
Vensana Innovation is a venture-backed startup studio ("innovation engine") that launches and builds medical technology companies, providing capital along with technical, clinical, commercial, and business development support at all stages from ideation to commercialization.
Deep TechHealthtechMedical Devices
Ben(Co-founder)Thomas Tu(CEO & Venture Partner)inBrian(Founding Member)Phil Marchand
Vesper Medical develops a modular venous stent portfolio designed to address the anatomical challenges of the iliac and femoral veins for treating deep venous disease.
HealthtechMedical DevicesWayne, US
Bruce J. Shook(President and CEO)Monica Klos(Executive Officer)inNeil Hattangadi(Director)inPeter Schneider(Director)Mark Garcia(Director)Dennis W. Wahr(Director)
Co-investorsNew Enterprise Associates (NEA)Gilde HealthcareLightstone Ventures415 Capital
Alleviant Medical develops an investigational minimally invasive medical device using interatrial shunt therapy to treat heart failure patients, currently in FDA-approved clinical trials (ALLAY-HF and ALLAY-HFrEF).
BiotechHealthtechMedical DevicesAustin, US
Adam Berman(Executive Officer, Director)inJacob Kriegel(Executive Officer, Director)Avni Patel(Executive Officer, Director)Christopher Alex Arevalos(Executive Officer, Director)Albertien Greijdanus(Executive Officer, Director)
BoardGeoff Pardo(Director)in
Board seatKirk NielsenMaria Berkman· per SEC Form D
Co-investorsBroadview VenturesRiverVest Venture PartnersTMC Venture FundCadence Healthcare VenturesGilde HealthcareGilmartin Capital LLC+2 more
Artelon develops synthetic ligament and tendon reconstruction products based on its Dynamic Matrix technology for orthopedic soft tissue repair.
BiotechHealthtechMedical DevicesNew MaterialsMarietta, US
Lars Peterson(Founder)Aaron Smith(Executive Officer, Director)Mark Cohen(Director)Jeff Byrne(Executive Officer)Carter Meyer(Director)Steve Becker(Director)
Board seatKirk Nielsen· per SEC Form D
ChromaCode develops a High-Definition PCR (HDPCR) multiplexing platform that enables genomic solutions for oncology and precision medicine, offering faster results and cost-effective workflows through automated interpretation and cloud-based software.
AI & Machine LearningBiotechHealthtechMedical DevicesCarlsbad, US
Paul Flook(Executive Officer, Director)inGregory J. Gosch(Executive Officer, Director)Lynne Rollins(Executive Officer)Aditya Rajagopal(Director)inAxel Scherer(Director)
Board seatJustin Klein· per SEC Form D
Co-investorsAdjuvant CapitalGlobal BrainMoore Venture PartnersNew Enterprise Associates (NEA)Windham Capital PartnersDomain Associates+2 more
Cleerly develops FDA-cleared, AI-driven analysis of noninvasive coronary CT (CCTA) imaging to characterize and quantify coronary artery disease.
AI & Machine LearningDigital HealthHealthtechMedical DevicesDenver, US
James Min, MD(Founder)inJames K. Min(Founder)
BoardLee Cooper(Director)Scott Barclay(Director)inLouis Samson(Director)
Board seatPeter Justin Klein· per SEC Form D
Co-investorsBattery VenturesBreyer CapitalCatalytic Impact FoundationDigiTx Partners LLCEsplanade VenturesInsight Partners+6 more
IVEAcare develops neuromodulation and bioelectronics therapies, implantable medical devices aimed at treating chronic conditions for large patient populations.
Deep TechHealthtechMedical DevicesRoseville, US
Todd Kerkow(Co-Founder, President and CEO)inMudit Jain(Co-Founder and Chairman of the Board)Lynn(Co-Founder and Board Member)inCorey Dishmon(Director)Robert Greenberg(Director)
Board seatAmrinder SinghKirk Nielsen· per SEC Form D
Co-investorsHatteras Venture PartnersTreo Ventures, Llc
Overnight automated insulin delivery
Wilmington, US
John Sjolund(Chief Executive Officer of the Issuer)inJon Brilliant(Chief Financial Officer of the Issuer)
BoardPeter N. Townsend(Director)
Board seatJustin KleinAmrinder Singh· per SEC Form D
Co-investorsSerpentine Ventures
Monteris develops minimally invasive laser ablation technology (LITT) used to treat brain conditions including oncology tumors and drug-resistant epilepsy.
BiotechHealthtechMedical DevicesPlymouth, US
JAMES ERICKSON(Executive Officer)inMARTIN EMERSON(Executive Officer, Director)John Schellhorn(Executive Officer, Director, Promoter)inRobert K Davidson(Executive Officer)
BoardRICHARD EMMITT(Director)inGregory Barrett(Director)
Board seatKirk NielsenBill Hoffman· per SEC Form D · $13.7M raise · filed Sep 2022
Co-investorsThe Vertical Group
Okami Medical develops the LOBO vascular occlusion system, an occluder built on high-density, small-pore HDBRAID technology for fast arterial occlusion in the peripheral vasculature, along with SENDERO microcatheters and delivery catheters.
BiotechHardwareHealthtechMedical DevicesAliso Viejo, US
Brian J. Cox(Manager)inRhonda Robb(Executive Officer, Director)inRobert Rosenbluth(Director)
BoardDonald Milder(Director)Jonathan Root(Director)inPaul Lubock(Director)
Board seatMike KramerKirk Nielsen· per SEC Form D
Co-investorsUS Venture PartnersGilde Healthcare
A precision oncology company providing genomic testing and resources to support cancer care decisions, operating under Labcorp Oncology.
BiotechDigital HealthHealthtechMedical DevicesBaltimore, US
Victor Velculescu(Executive Officer, Director, Promoter)inLuis A. Diaz, Jr.(Executive Officer, Director, Promoter)Sam Angiuoli(Executive Officer)inSian Jones(Executive Officer)inLisa Kann(Executive Officer)inAnthony Newton(Executive Officer)
Board seatJustin Klein· per SEC Form D
Co-investors3B Future Health FundCatalio Capital Management, LPCo-Win VenturesNew Enterprise Associates (NEA)Windham Capital Partners
Rampart develops radiation shielding solutions for interventional medical procedures, offering lead-free protective equipment including ceiling-mounted shields, mobile barriers, and monitoring systems for interventional radiology and cardiology labs.
HealthtechMedical DevicesBirmingham, US
Tom Livingston(Executive Officer, Director)inMichael Jackson(Executive Officer)Robert E. Foster, M.D.(Executive Officer, Director)
BoardChase Wise(Director)
Board seatMike KramerKirk Nielsen· per SEC Form D · $21.7M raise · filed May 2025
Relievant offers the Intracept Procedure, a minimally invasive, FDA-cleared medical intervention designed to relieve chronic low back pain caused by vertebrogenic pain.
Medical DevicesRedwood City, US
Alex DiNello(Executive Officer, Director)
BoardRichard Mott(Director)Brent Ahrens(Director)inJason Lettman(Director)John Ryan(Director)
Board seatJustin Klein· per SEC Form D
Co-investorsCanaan PartnersEmergent Medical Partners, LLPLightstone VenturesNew Enterprise Associates (NEA)Morgenthaler
Tybrhealth develops the B3 GEL™ System, a protective gel applied during tendon and ligament repair surgery to reduce post-operative scar formation and preserve tissue mobility.
BiotechHealthtechMedical DevicesHouston, US
Tim Keane(Founder)inAlex Smith(Founder)inJeffrey Tyber(Director)Stephen Ramon(Executive Officer)inTimothy J. Keane, Jr.(Executive Officer, Director)
BoardToby Hamilton(Director)
Board seatGreg Banker· per SEC Form D
Co-investorsArieal Southeast Angel PartnersAsymmetry VenturesVentureSouqY CombinatorEight CapitalMEDA Angels+1 more
Ventaris Surgical develops investigational medical devices that are currently under development and have not yet received FDA or other regulatory approval for commercial use.
BiotechHealthtechMedical DevicesSan Carlos, US
Surag Mantri(Executive Officer, Director)
BoardMatthew Sprinkel(Director)Amir Abolfathi(Director)Varun Gupta(Director)in
Board seatJustin Klein· per SEC Form D
Co-investorsBoutique Venture PartnersLongitude CapitalNeotribe VenturesSCP Ventures, LLC
Apella provides real-time operating room monitoring and predictive analytics through computer vision and AI integration with EHR systems, helping surgical teams detect delays, optimize scheduling, and improve OR efficiency.
AI & Machine LearningDigital HealthHealthtech
Co-investorsK2 HealthVenturesLayout VenturesOPAMP CAPITALTwine VenturesCasdin CapitalHighlandX+2 more
Evident Vascular develops an intravascular ultrasound (IVUS) platform that uses AI for image interpretation and workflow improvements, aimed at peripheral vascular applications.
AI & Machine LearningHealthtechMedical Devices
Danielo Piazza(Founder)Howard Rosen(Founder)
FIRE1 develops NORM, an implantable sensor placed in the inferior vena cava to directly measure fluid volume in heart failure patients, paired with a self-management platform to help patients engage with their own care.
Digital HealthHardwareMedical DevicesDublin, IE
Co-investorsAndera PartnersGimvIreland Strategic Investment FundLightstone VenturesLongitude CapitalNew Enterprise Associates (NEA)+5 more
BiotechRichmond, US
Michael D. Grisham(Chief Executive Officer)in
Co-investorsAmgen Ventures
Inari Medical develops mechanical thrombectomy devices for treating venous thromboembolism conditions, including pulmonary embolism, deep vein thrombosis, in-stent thrombosis, and arteriovenous fistula thrombosis.
HardwareHealthtechMedical DevicesIrvine, US
William H. Hoffman(Executive Officer, Director)inRobert Rosenbluth(Executive Officer, Director)
BoardDonald Milder(Director)Kirk Nielsen(Director)inJonathan Root(Director)inBrian Cox(Director)
Co-investorsGilde HealthcareUS Venture PartnersVersant Ventures
BiotechHealthtechWayne, US
Robert Giasolli(Executive Officer)Bruce J. Shook(Executive Officer, Director)Carol Burns(Executive Officer)Marc Penna(Executive Officer)Monica Klos(Executive Officer)Michael Longo(Executive Officer)
Co-investors415 CapitalH.I.G. CapitalH.I.G. HealthBridge PartnersRunway Growth CapitalH.I.G. BioHealth PartnersNew Enterprise Associates (NEA)
Luna Connect offers a cloud-based SaaS platform for financial institutions such as banks, credit unions, and insurers to digitise customer engagement, automate lending, onboarding, ID verification, and compliance workflows using no-code automation and AI-driven analytics.
AI & Machine LearningFintechSaaSGalway, IE
Brian D'Arcy(Founder)in
Co-investorsHaymaker VenturesWinklevoss Capital
Luna develops a small patch pump with automated insulin dosing for insulin pen users to help manage glucose levels overnight.
Digital HealthHealthtechMedical Devices
John Sjölund(Founder)inSean Saint(Founder)inJon Brilliant(Founder)
Co-investorsSerpentine VenturesWinklevoss CapitalInterlock Capital
Metavention is developing a treatment that targets the sympathetic nervous system to disrupt overactive nerves believed to contribute to high blood pressure and other metabolic diseases.
BiotechHealthtechMedical DevicesEden Prairie, US
Bobak Azamian(Executive Officer, Director)Tony Vrba(Executive Officer)Kevin Hykes(Executive Officer, Director)Kirk Nielsen(Director)in
Co-investorsSanderling VenturesNew Enterprise Associates (NEA)Versant Ventures
Moxe operates a platform for the secure exchange of clinical data between healthcare payers and providers, transforming that data into usable formats to support payment and operations use cases.
Data & InfrastructureDigital HealthHealthtechMadison, US
Daniel Wilson(Executive Officer, Director)
BoardGary J. Kurtzman, M.D.(Director)
Co-investorsGreat Oaks Venture CapitalApolloTrinity Capital
Relief Cardiovascular develops transcatheter smart implant systems for volume management in congestive heart failure, including the Relief System, a preload-modulating implant for inferior vena cava flow modulation with autonomous hemodynamic monitoring.
BiotechHealthtechMedical DevicesCosta Mesa, US
Co-investorsAdvent Life SciencesBroadview VenturesGood Growth Capital
St.
HealthtechSt. Louis, US
Scott Wrightstone(Executive Officer)inMaureen Oehler(Executive Officer)Jason Pesterfield(Executive Officer, Director)inRyan Denney(Executive Officer)inMark Hunter(Executive Officer)inRobert Powers(Executive Officer)in
Co-investorsRC CapitalRex Health VenturesSolas BioVenturesAdvantage Capital PartnersProlog VenturesVersant Ventures
Medical Devices
Co-investorsLightstone Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
VI1Spyglass Ophthalmics
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.
Exits · 4
3 IPOs · 1 acquisitions · showing 3CVRxNASDAQ: CVRXSenseonics HoldingsNASDAQ: SENSSpyglass PharmaNASDAQ: SGP
Portfolio news
latest coverage across their companiesVentaris Surgical · finsmes.com · Jan 12, 2026
Apella Technology · finsmes.com · Jan 9, 2026
Okami Medical · finsmes.com · Nov 20, 2025
Luna Diabetes · finsmes.com · Aug 25, 2025
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Vensana Capital I, L.P.LPs: San Diego City Employees' Retirement System, Richard King Mellon Foundation | 2018 | — | 16.9% | 1.53x | 0.57x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Vensana Capital made?
- Vensana Capital has 35 tracked investments, 4 of which have exited, including 13 dated in the last 24 months.
- What stage does Vensana Capital invest at?
- Vensana Capital invests at the Series A, Series B, Growth, Late Stage stages.
- What sectors does Vensana Capital focus on?
- Vensana Capital focuses on Biotech, Digital Health, Healthtech, Medical Devices.
- Where is Vensana Capital located?
- Vensana Capital is headquartered in Minneapolis, US.
- Does Vensana Capital lead rounds?
- Vensana Capital typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamInvestor Forum Testimonial | Justin Klein, MD, JD, Vensana Capital
The MedTech Conference powered by AdvaMed · Justin Klein
Images
Co-investors · 16
New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.
Hatteras Venture Partners is a venture capital firm focused on early-stage life sciences and healthcare companies, backing therapeutics, diagnostics, and businesses aiming to transform healthcare delivery and innovation.
Longitude Capital is a venture growth investor in biotechnology, medical technology, and health solutions companies, investing across both private and public companies to improve clinical outcomes and reduce the cost of care.
Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.
Northpond Ventures is a venture capital firm based in Bethesda, Maryland that invests in life sciences, technology, and related sectors.
Domain Associates is a venture capital firm founded in 1985 that invests in life sciences companies. The firm operates as a limited liability company.
Morgenthaler is a venture capital and private equity firm that has focused on building valuable companies for over 40 years.
Esplanade Ventures is a Canadian digital health venture capital firm that invests early in technology companies transforming healthcare delivery across the U.S. and Canada.
GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
Highland Capital Partners is a venture capital firm with a 39-year history focused on backing entrepreneurs, reporting 200 exits, over 50 IPOs, 40 unicorns, and $7B in assets under management.
▶4 more co-investors
Presight CapitalJohnson & Johnson Innovation – JJDCFlagship PioneeringQuesta Capital
Firms observed investing alongside Vensana Capital, from public investor directories. Shared companies are the overlap with Vensana Capital's recorded portfolio.
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