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Elucid Raises $80 Million In Series C Round Led By Elevage Medical Technologies

PRIVATENov 09, 2023

Amount Raised

$80 Million

Round Type

Series C

BostonManufacturingHealth Care

Investors

Elevage Medical Technologies

Description

Elucid, a leading medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, today announced it has raised $80 million in Series C funding. The round was led by Elevage Medical Technologies, with additional participation from industry strategics and existing investors. With this funding, Elucid is poised to capitalize on the past year’s momentum and expand its commercialization efforts to provide physicians and patients with critical information to combat heart disease. This round brings the company’s total funding to $121 million since inception.

Quick answer

Elucid raised $80 Million in a Series C round, dated November 9, 2023. Investors: Elevage Medical Technologies. Elucid is based in Boston, Massachusetts, United States.

How much did Elucid raise?
Elucid raised $80 Million in a Series C round on November 9, 2023.
Who invested in Elucid?
Elevage Medical Technologies is named as investors in this round.
What does Elucid do?
Elucid is a Boston-based medical technology company using histology-validated software to provide physicians with a cost-effective means to optimize treatment decisions for patients with cardiovascular disease.
Where is Elucid based and how big is it?
Elucid is based in Boston, Massachusetts, United States. Fundz records about 127 employees.
Who are the decision-makers at Elucid?
Fundz holds 2 contacts at Elucid. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Health Care around the same time

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

  • Novabay raised $555K (Seed) on December 21, 2023.
  • Allurion Technologies raised $123K (Pre-Seed) on December 18, 2023.
  • Procyrion raised $58M on December 13, 2023.
  • Hadrian raised $86M on December 11, 2023.
  • Tenon Medical raised $1.3M (Seed) on November 21, 2023.
  • Nature's Toolbox raised $48M (Series B) on November 16, 2023.

Who to call at Elucid, and when

A new round usually means Elucid is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Elucid

Location

Boston, Massachusetts, United States

About

Elucid is a Boston-based medical technology company using histology-validated software to provide physicians with a cost-effective means to optimize treatment decisions for patients with cardiovascular disease. Advanced clinical insight from Elucid's CTA analysis equips physicians with critical information designed to enable precision medicine. Elucid is the first non-invasive software to quantify atherosclerotic plaque characteristics compared to histopathology, including Lipid Rich Necrotic Core. The company has published studies for its derivation of fractional flow reserve (FFRct) based on the vasodilative capacity of the vessel wall. Elucid's unique information informs improved treatment decisions by physicians leading to better patient outcomes, improved quality of care, and reduced healthcare costs.

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