Drug Discovery · Waltham, MA · Founded 2005 · Privately Held (backing)
Developer of novel therapeutic in-situ forming materials designed to improve the clinical-stage drug delivery system. Arsenal Medical is based in Waltham, MA and was founded in 2005. It was valued at $124 million at its later-stage round in Jun 2025, the last priced event on record. It has raised $46.8 million across 4 recorded rounds; the latest was a $6 million early-stage round in May 2019.
PMV mark · valuation
$124.0M
Oct 2026
Priced at
its later-stage round
Jun 2025
Total raised
$46.8M
Last round
Early Stage VC
May 2019
Cap table — not yet on record
Arsenal Medical's share-class structure hasn't surfaced in our sources yet. Cap tables are assembled from certificates of incorporation, round filings, and disclosures as they land.
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Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Arsenal Medical's 4 recorded funding rounds.
