Spectral Medical: Funding, Investors & Team (Oct 2026)
Spectral Medical focuses on the development and commercialization of a treatment for septic shock using its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic.
Spectral Medical has raised $4.1M across 1 funding round on record, the most recent an undisclosed round of $4.1M announced in Aug 2023.
That round is below the $8.1M median round size for Biotechnology companies tracked on FundedIQ over the last two years.
Spectral Medical Company Profile and Key Stats
Latest funding round on record: Aug 2023.
Spectral Medical Funding Rounds
Spectral Medical Founders and Leadership Team
No contact details are on record for this team yet.
Spectral Medical Funding Compared to Other Biotechnology Startups
Spectral Medical's latest round of $4.1M is below the median round in Biotechnology. Medians cover the last 24 months of disclosed rounds.
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Spectral Medical Funding FAQs
What does Spectral Medical do?
Spectral Medical focuses on the development and commercialization of a treatment for septic shock using its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic.
How much funding has Spectral Medical raised?
Spectral Medical has raised $4.1M across 1 round on record. The most recent is an undisclosed round of $4.1M announced in Aug 2023.
When did Spectral Medical last raise funding?
Spectral Medical's most recent funding round on record is an undisclosed round of $4.1M, announced in Aug 2023.
Who founded Spectral Medical?
FundedIQ lists Edward Mccormack (Founder) at Spectral Medical.
Where is Spectral Medical headquartered?
Spectral Medical is based in Toronto, Ontario, Canada.
How many employees does Spectral Medical have?
Spectral Medical is in the 11-50 employee band.
How does Spectral Medical's funding compare to other Biotechnology startups?
Spectral Medical's latest round of $4.1M is below the $8.1M median round size for Biotechnology companies on FundedIQ across 4,185 tracked companies over the last two years.
About FundedIQ's Spectral Medical Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spectral Medical is left off this page rather than filled in.
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