--- title: October and November venture capital and grants for MATTER startups description: Here’s a look into the recent venture capital raised and National Institutes of Health (NIH) grants received by MATTER startups. image: https://blog.matter.health/hubfs/Imported_Blog_Media/genericbanner_large-Jun-18-2025-11-47-19-8075-PM.jpg --- ![Startup Shoutouts: Funding edition](https://blog.matter.health/hubfs/Imported_Blog_Media/genericbanner_large-Jun-18-2025-11-47-19-8075-PM.jpg) [← Back to Blog](https://blog.matter.health/) # Startup Shoutouts: Funding edition [ Caitlin ](https://blog.matter.health/author/caitlin) November 27, 2019 So far in 2019, MATTER startups have raised more than [$1 billion in funding](https://blog.matter.health/posts/matter-startups-surpass-$1b-in-financing/) to scale their solutions that advance care and improve lives. Here’s a look into the recent venture capital raised and National Institutes of Health (NIH) grants received by MATTER startups. **AiCure: $24.5M Series C** For only the second time in their 10 year history, AiCure raised a new round of venture capital: [$24.5 million in Series C funding](https://www.prnewswire.com/news-releases/aicure-raises-24-5-million-series-c-round-to-broaden-its-strategic-value-for-life-sciences-300951149.html) to advance research-grade data insights for life science companies. The company has developed an interactive medical assistant that uses artificial intelligence to see, hear and understand how people in a treatment program are responding to their interventions. **Apervita: $22M** Apervita, a cloud-based platform that helps payers and healthcare providers share and scale data analytics and insights, [raised $22 million](https://www.americaninno.com/chicago/funding-chicago/healthcare-startup-apervita-raises-22m/) to advance their product development, sales and marketing initiatives. This raise came following Apervita’s recent merger with Boston-based Qcentive. **CareBand: Phase I SBIR grant (undisclosed)** CareBand received Phase I Small Business Innovation Research [funding from the NIH](https://www.marketwatch.com/press-release/careband-inc-wins-sbir-phase-i-award-from-the-national-institutes-of-health-for-agitation-study-2019-10-16) to determine whether their system can detect agitation in people living with Alzheimer’s disease and related dementias. CareBand’s wearable technology platform uses a long-range wide area network (LoRa) to provide caregivers with crucial location and movement insights for their patients. **Endotronix: $25M Series D** The cardiology device company [raised $25 million](https://www.chicagobusiness.com/john-pletz-technology/mansueto-polsky-part-25-million-medical-device-investment) from investors like the Polsky Center and Mansueto, bringing their total Series D funding to more than $70 million. The funds from this round are currently being used to conduct late-stage patient trials in the U.S. and Europe for Endotronix’s implantable pulmonary artery pressure sensor and patient management platform. These technologies help doctors to detect cardiac problems earlier — so they don’t turn in to heart failure events. **Enduvo: $1.2M Phase II SBIR grant** Enduvo was [awarded a $1.2 million contract](https://enduvo.com/wp-content/uploads/2019/10/SBIR-Phase-II-Press-Release-Final.pdf) from the Air Force Small Business Innovation Research Phase II Program to help train pilots, maintenance teams, medical practitioners and first responders in the Air Force. Enduvo’s technology makes it possible to develop immersive augmented and virtual reality (AR/VR) training experiences for technical industries like healthcare and the military — without the coding or high costs that are usually associated with AR/VR. **Surgical Innovation Associates: $4M Series A and a $2M SBIR grant** The medical device company developing implantable, absorbable devices for reconstructive and aesthetic surgery raised $4 million from investors including the Harvard Business School Angels. They also secured an additional [$2 million grant](https://www.businesswire.com/news/home/20191105005199/en/Surgical-Innovation-Associates%E2%80%99-Series-Supercharged-2M-Grant) from the National Cancer Institute through the Small Business Innovation Research (SBIR) program. The funding will be used to complete a clinical trial that aims to expand SIA’s first product, DuraSorb Bioresorbable Mesh for use in prosthetic breast reconstruction. **Renalis: $231K NIH grant** Renalis, a digital platform focused on creating solutions, driving access to care and enhancing outcomes in the field of pelvic health, received a [$231,000 innovation research grant](https://mailchi.mp/renalis/nih-awards-renalis-231k-grant?e=a09f059677) from the NIH. The grant will be used to build and test a version of the company’s platform through a community-based usability study and a 36-person trial to identify how women interact with the software and gauge their confidence in sharing pelvic health information with the community. 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