Saluda Medical

Therapeutic Devices · Bloomington, MN · Founded 2011 · Publicly Held

Developer of closed-loop neuron modulation devices intended to treat chronic neuropathic pain. Saluda Medical is based in Bloomington, MN and was founded in 2011. It is now publicly traded; this page covers its private-market history, where its last recorded valuation was $435 million (Dec 2025). It has raised $823 million across 4 recorded rounds; the latest was a $30 million early-stage round in Oct 2025.

Last price · $/share
—
Implied valuation
$435.0M
Total raised
$822.9M
Last round
Early Stage VC
Oct 2025
What is Saluda Medical worth?
$435.0Mlast known valuation

Saluda Medical last raised $30.0M in its Early Stage VC (Oct 2025).

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The prices on Saluda Medical
  • ·46 fund marks: filer, period, implied $/share
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Saluda Medical funding history

4 rounds
DateRoundRaisedPost-money
Oct 2025Early Stage VC$30.0M▮
Jan 2025PE Growth/Expansion$225.0M▮
Apr 2023Later Stage VC (Series E)$150.0M▮
Mar 2022Later Stage VC (Series C)$124.4M▮
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Saluda Medical valuation

Saluda Medical is now publicly traded; this page covers its private-market history, where its last recorded valuation was $435 million (Dec 2025). Secondary trades, fund marks and rounds below are the private-market record; the listed share price is not tracked here.

Recent activity

In the last 90 days, Saluda Medical's record added 1 institutional fund mark (latest period Jul 2026).

How much has Saluda Medical raised?

Saluda Medical has raised $823 million across 4 recorded rounds since 2022. The largest was a $30 million early-stage round in Oct 2025.

Saluda Medical has filed 2 Form Ds with the SEC since 2023, most recently in Nov 2025 ($30 million sold to 26 investors).

Institutional holders and vehicles

3 SEC-registered funds reported 46 fair-value marks on Saluda Medical between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

Comparable companies

Comparable therapeutic devices names by valuation on PrivateMarketView: SetPoint Medical ($480 million), LightForce ($400 million) and Soufflé Therapeutics ($345 million).

How Saluda Medical's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Saluda Medical, too few pricing signals exist to publish a composite mark; the figures above reflect the most recent observed valuation event. Full methodology →

Frequently asked about Saluda Medical

What is Saluda Medical worth?
Saluda Medical's last known valuation is $435.0M.
How much has Saluda Medical raised?
Saluda Medical has raised $822.9M in total funding across 4 recorded rounds.
When did Saluda Medical last raise?
Saluda Medical last raised in Oct 2025 (Early Stage VC), raising $30.0M.