SetPoint Medical

Therapeutic Devices · Valencia, CA · Founded 2007 · Privately Held (backing)

Developer of an implantable bioelectronic medical device designed to modulate neuroimmune pathways for reducing inflammation and restoring immunologic balance in chronic autoimmune conditions. SetPoint Medical is based in Valencia, CA and was founded in 2007. It was valued at $480 million at its later-stage round in Oct 2025, the last priced event on record. It has raised $581 million across 7 recorded rounds; the latest was an $116 million Series D in Oct 2025.

PMV mark · valuation
$480.0M
Oct 2026
Priced at
its later-stage round
Oct 2025
Total raised
$580.5M
Last round
Later Stage VC (Series D)
Oct 2025

SetPoint Medical key facts

as of Oct 2026
  • Developer of an implantable bioelectronic medical device designed to modulate neuroimmune pathways for reducing inflammation and restoring immunologic balance in chronic autoimmune conditions.
  • SetPoint Medical is valued at approximately $480.0M as of Oct 2026, set at its later-stage round, Oct 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $580.5M across 7 recorded rounds; the latest was Later Stage VC (Series D) ($115.5M) in Oct 2025.
  • Notable investors include Viking Global Investors, New Enterprise Associates, Norwest, Catalio Capital Management, Flare Capital Partners — 29 tracked in total.
  • SetPoint Medical has filed 10 Form Ds with the SEC since 2011, most recently Apr 2025 ($115.0M sold to 23 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$480.0M

Valued at $480.0M at its later-stage round, Oct 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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SetPoint Medical funding rounds

7 rounds
Oct 2025Later Stage VC (Series D)$115.5M▮
Jan 2023Later Stage VC (Series C)$145.0M▮
Oct 2020Later Stage VC$64.4MSEC filing▮
Sep 2019Early Stage VC$15.7MSEC filing▮
Aug 2015Early Stage VC$15.1MSEC filing▮

SetPoint Medical valuation

SetPoint Medical was valued at $480 million at its later-stage round in Oct 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has SetPoint Medical raised?

SetPoint Medical has raised $581 million across 7 recorded rounds since 2011. The largest was a $64.4 million later-stage round in Oct 2020; the most recent was an $116 million Series D in Oct 2025.

SetPoint Medical has filed 10 Form Ds with the SEC since 2011, most recently in Apr 2025 ($115 million sold to 23 investors).

SetPoint Medical investors

29 investors are on record for SetPoint Medical, including Viking Global Investors, New Enterprise Associates, Norwest and Catalio Capital Management. By type, the record holds 5 venture capital firms, 1 family office and 1 asset manager. The Series D in Oct 2025 drew 17 investors.

Comparable companies

Comparable therapeutic devices names by valuation on PrivateMarketView: Saluda Medical ($435 million), LightForce ($400 million) and Soufflé Therapeutics ($345 million).

About SetPoint Medical

Developer of an implantable bioelectronic medical device designed to modulate neuroimmune pathways for reducing inflammation and restoring immunologic balance in chronic autoimmune conditions. The company delivers targeted electrical stimulation to the vagus nerve through a small, wireless implant programmed to provide daily therapy automatically with low maintenance, enabling healthcare providers and patients managing autoimmune diseases such as rheumatoid arthritis to access an alternative to traditional drug treatments with potentially reduced risk and treatment burden.

Industry
Therapeutic Devices
Sector
Healthcare
HQ
Valencia, CA, United States
Founded
2007
Employees
90
Ownership
Privately Held (backing)

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