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Monteris Medical secures $28 million in Series E funding to accelerate growth in minimally invasive neurosurgery, led by InnovaHealth Partners and Birchview Capital.

PRIVATEMar 12, 2026

Amount Raised

$28 Million

Round Type

Series E

MinnetonkaManufacturingBiotechnologyHealthcareHealth CareMedicalMedical Device

Investors

InnovaHealth PartnersOSF VenturesColorado University Healthcare Innovation FundMadryn Asset Management, LPBirchview Capital, LP

Description

Monteris Medical has closed $28 million in Series E equity financing to support its technology innovation program and growth initiatives. The funding will help expand the company's U.S. commercial footprint and accelerate advancements in clinical research. Notable investors include InnovaHealth Partners and Birchview Capital, along with new participants OSF Ventures and the Colorado University Healthcare Innovation Fund.

Quick answer

Monteris Medical raised $28 Million in a Series E round, dated March 12, 2026. Investors: InnovaHealth Partners, OSF Ventures, Colorado University Healthcare Innovation Fund, Madryn Asset Management, LP and Birchview Capital, LP. Monteris Medical is based in Minnetonka, Minnesota, United States.

How much did Monteris Medical raise?
Monteris Medical raised $28 Million in a Series E round on March 12, 2026.
Who invested in Monteris Medical?
InnovaHealth Partners, OSF Ventures, Colorado University Healthcare Innovation Fund, Madryn Asset Management, LP and Birchview Capital, LP are named as investors in this round.
What does Monteris Medical do?
Monteris Medical is a privately held company that develops and markets innovative MR-guided ablation systems to perform minimally invasive, robotically controlled brain surgery, commonly referred to as laser ablation,..
Where is Monteris Medical based and how big is it?
Monteris Medical is based in Minnetonka, Minnesota, United States.
Who are the decision-makers at Monteris Medical?
Fundz holds 2 contacts at Monteris Medical, including the Regional Sales Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Medical around the same time

Companies in the same sectors as Monteris Medical that raised within 45 days of this round, from Fundz verified event records.

  • Tenon Medical raised $4.3M on March 11, 2026.
  • Route 92 Medical raised $50M (Funding Round) on April 7, 2026.
  • PanTera raised $4M on March 31, 2026.
  • IceCure Medical raised $4M on March 26, 2026.
  • Cognito Therapeutics raised $105M (Series C) on March 5, 2026.
  • Clee Medical raised an undisclosed amount (Seed) on February 25, 2026.

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Company Information

Company

Monteris Medical

Location

131 Cheshire Lane

Minnetonka, Minnesota, United States

About

Monteris Medical is a privately held company that develops and markets innovative MR-guided ablation systems to perform minimally invasive, robotically controlled brain surgery, commonly referred to as laser ablation, LITT (Laser Interstitial Thermal Therapy) or SLA (Stereotactic Laser Ablation). The Monteris NeuroBlate System is the only minimally invasive system that enables a robotic interface for the precise and safe delivery of laser energy. The Monteris Medical NeuroBlate System is a neurosurgical tool and is intended for ablating intracranial soft tissue, including brain structures such as brain tumors, radiation necrosis, and epileptic foci (as identified by non-invasive and invasive neurodiagnostic testing, including imaging). For more information, visit monteris.com.

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Related People

2 contacts
Verified contactsCorinne L., Regional Sales Director hidden hidden hiddenSee plans and pricing
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Monteris Medical raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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