How Much Did OnLume Raise?
Funding & Key Investors

OnLume, a Madison-based innovator in the medical device sector, has successfully secured a significant capital infusion to accelerate its mission in surgical visualization. The company has reached a cumulative milestone of $15.1M in total financing, bolstered by a recent strategic investment of $7M. This latest injection of capital underscores the market confidence in OnLume's proprietary fluorescence-guided surgery (FGS) technology, which is poised to redefine standards in precision surgical outcomes.

The funding trajectory reflects a steady maturation process, beginning with initial financing rounds in 2019 and culminating in the recent Series A activity. By securing this backing, OnLume is well-positioned to scale its manufacturing capabilities and expand the clinical adoption of its imaging systems across diverse surgical specialties, including vascular, gastrointestinal, and reconstructive procedures.

What is OnLume?

OnLume
ManufacturingMedical Devices & Equipment

Founded in 2015, OnLume specializes in the design and manufacture of advanced surgical devices. The company's core value proposition centers on its fluorescence-guided surgery (FGS) imaging system, a sophisticated platform designed to provide real-time visualization of blood flow and tissue perfusion. By enabling surgeons to observe physiological markers before, during, and after complex procedures, OnLume addresses critical needs in microsurgery and organ transplantation. The company operates at the intersection of medical imaging and surgical robotics, positioning itself as a vital player in the high-growth field of intraoperative diagnostics.

How much funding has OnLume raised?

OnLume has raised a total of $15.1M across 3 funding rounds:

2019

Other Financing Round

$749K

2021

Unspecified

$7.3M

Series A

$7M

Other Financing Round (2019): $749K, investors not publicly disclosed

Unspecified (2021): $7.3M, investors not publicly disclosed

Series A (2021): $7M supported by Wisconsin Investment Partners, WARF Ventures, and Cambridge Investment Group

Key Investors in OnLume

Wisconsin Investment Partners

Wisconsin Investment Partners is a prominent angel investment group and business incubator that provides essential capital and mentorship to early-stage ventures within the regional entrepreneurial ecosystem.

Cambridge Investment Group

Cambridge Investment Group is a specialized investment firm focused on identifying and cultivating strategic opportunities for individual investors across various asset classes.

WARF Ventures

WARF Ventures is an investment arm dedicated to supporting innovation and commercializing research-based technologies, often acting as a catalyst for high-potential medical and scientific startups.

What's next for OnLume?

With the recent capital deployment, OnLume is expected to prioritize the commercial scaling of its FGS platform. The strategic roadmap likely includes expanding the regulatory footprint of its imaging technology and deepening its penetration into major hospital networks. As the company transitions from a development-focused entity to a commercial-stage enterprise, the focus will shift toward clinical validation studies and the optimization of its supply chain to meet the rising demand for high-fidelity surgical visualization tools. This growth phase is critical for establishing OnLume as a standard-bearer in the evolving landscape of precision medicine.

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Frequently Asked Questions Regarding OnLume Financial Insights

What are the most recent funding rounds that OnLume has completed, and what were the funding rounds?
OnLume has recently completed 3 funding rounds: Series A on Apr 30, 2021, Unspecified on Feb 1, 2021, Other Financing Round on Jun 25, 2019.
What is the total amount of funding OnLume has raised to date?
OnLume has raised a total of $15.1M in funding to date.
How many funding rounds has OnLume completed?
OnLume has completed 3 funding rounds.
How much funding did OnLume raise in its most recent funding round?
OnLume raised $7M in its most recent funding round.
Who are the lead investors in OnLume's latest funding round?
The lead investor in OnLume's latest funding round was Wisconsin Investment Partners. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in OnLume's history?
The largest funding round in OnLume's history was $7.3M.
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