Pleural Dynamics

Wayzata, MN · Founded 2020 · Privately Held (backing)

Developer of medical devices designed to help eliminate recurrent pleural effusions with a pump. Pleural Dynamics is based in Wayzata, MN and was founded in 2020. Its last reported valuation was $5.8 million in May 2020. It has raised $9.2 million across 3 recorded rounds; the latest was a $618,000 debt round in Oct 2025.

Last reported valuation
$5.8M
Oct 2026
Priced at
—
Total raised
$9.2M
Last round
Debt
Oct 2025

Pleural Dynamics key facts

as of Oct 2026
  • Developer of medical devices designed to help eliminate recurrent pleural effusions with a pump.
  • Pleural Dynamics is valued at approximately $5.8M as of Oct 2026 (last reported valuation).
  • It has raised $9.2M across 3 recorded rounds; the latest was Debt ($618K) in Oct 2025.
  • Notable investors include Good Growth Capital, Engage Venture Partners, MedTech Angels, One One Five Group of Companies.
  • 1 investment vehicle was formed to buy Pleural Dynamics shares in the last 12 months, reporting $632K sold to 16 investors, per SEC Form D filings.
  • Pleural Dynamics has filed 6 Form Ds with the SEC since 2020, most recently Nov 2025 ($618K sold to 6 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$5.8M

Pleural Dynamics's last reported valuation, May 2020. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Pleural Dynamics funding rounds

3 rounds
Oct 2025Debt$618KSEC filing▮
May 2023Early Stage VC$7.7MSEC filing▮
Apr 2020Seed Round$835KSEC filing▮

Vehicles formed to buy Pleural Dynamics shares

secondary demand · SEC Form D filings

In the last 12 months, 1 investment vehicle were formed to buy Pleural Dynamics shares, reporting $632K sold to 16 investors. Most recent filing Dec 2025.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 1 vehicle →

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Pleural Dynamics valuation

Pleural Dynamics's last reported valuation was $5.8 million in May 2020. No priced round, secondary trade or fund mark has surfaced since.

How much has Pleural Dynamics raised?

Pleural Dynamics has raised $9.2 million across 3 recorded rounds since 2020. The largest was an $835,000 seed round in Apr 2020; the most recent was a $618,000 debt round in Oct 2025.

Pleural Dynamics has filed 6 Form Ds with the SEC since 2020, most recently in Nov 2025 ($618,000 sold to 6 investors).

Institutional holders and vehicles

In the last 12 months, 1 investment vehicle was formed to buy Pleural Dynamics shares, reporting $631,990 sold to 16 investors, per SEC Form D filings (most recent Dec 2025).

Pleural Dynamics investors

4 investors are on record for Pleural Dynamics, including Good Growth Capital, Engage Venture Partners, MedTech Angels and One One Five Group of Companies. The debt round in Oct 2025 drew 6 investors.

About Pleural Dynamics

Developer of medical devices designed to help eliminate recurrent pleural effusions with a pump. The company offers a fully implantable, breathing-powered device that continuously transfers excess fluid from the lungs to the abdomen, where it is naturally absorbed, enabling clinicians to reduce infection risk, eliminate the need for external catheters, and improve patient quality of life, while also offering significant healthcare cost savings.

Sector
Healthcare
HQ
Wayzata, MN, United States
Founded
2020
Employees
8
Ownership
Privately Held (backing)

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