Amount Raised
$22 Million
ColumbusMedicalHealth CareInvestors
Avestria VenturesMedtronicTonkawaArboretum VenturesJobs Ohio Growth Capital FundAngelini VenturesAsahi KaseiShang Bay Capital
Description
Avation Medical, a Columbus, OH-based neuromodulation and digital health company, raised $22M+ in equity funding. The round was led by ShangBay Capital and Asahi Kasei, with participation from Angelini Ventures, JobsOhio Growth Capital Fund, Arboretum Ventures, Tonkawa, Medtronic, and Avestria Ventures. The company intends to use the funds for the U.S. launch of its Vivally System.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech