Strategy | Financing | Macro & Markets
Private Placement / Financing Transactions

OpenEvidence: The company raised $250 million of Series D venture funding in a deal led by Thrive Capital and DST Global on January 21, 2026, putting the company’s pre-money valuation at $11.75 billion. Nvidia, Mayo Clinic Ventures, Kleiner Perkins, and GV also participated in the round. The company is a developer of an AI copilot for doctors that helps them make high-stakes decisions at the point of care.

Mendra: The company raised $82 million of Series A venture funding in a deal led by OrbiMed, 8VC and 5AM Ventures on January 21, 2026. Lux Capital and Wing Venture Capital also participated in the round. The company is a developer of an AI-native rare disease therapeutic development platform acquiring and commercializing de-risked assets using AI for patient identification, clinical trial enrollment optimization, and global market access acceleration.

PAQ Therapeutics: The company raised $77 million of Series B venture funding in a deal led by MRL Ventures Fund and Bayland Capital on January 22, 2026. LAV Fund, Johnson & Johnson JJDC, Sherpa Healthcare Partners, BioTrack Capital, Johnson & Johnson Innovation – JLABS and other undisclosed investors also participated in the round. The company is a developer of autophagy-modulating therapeutics for disease treatment and health restoration.

Orbem: The company raised EUR 55.5 million of Series B venture funding in a deal led by Innovation Industries (Amsterdam) on January 20, 2026. Possible Ventures, The Venture Collective, 83North, Supernova Invest and General Catalyst also participated in the round. The company is a developer of an AI-enabled magnetic resonance imaging platform generating non-invasive biological insights.

Exciva: The company raised EUR 51 million of Series B venture funding in a deal led by Gimv and EQT Life Sciences on January 20, 2026. LBBW Venture Capital, Andera Partners, Fountain Healthcare Partners, LifeArc, CARMA FUND Management and Modi Ventures also participated in the round. The company is a developer of antitussive medications addressing neurological and psychological aspects of chronic cough.

Think Bioscience: The company raised $54.8 million of Series A funding in a deal led by Regeneron Ventures, Innovation Endeavors and Janus Henderson Investors on January 20, 2026, putting the company’s pre-money valuation at $85.18 million. CU Healthcare Innovation Fund, CE-Ventures, T.A. Springer, MBX Capital, YK Bioventures, AV8 Ventures, Buff Gold Ventures and other undisclosed investors also participated in the round. The company is a developer of synthetic biology systems guiding the design and assembly of therapeutic molecules.

TwoStep Therapeutics: The company raised $21.1 million of Series A venture funding from 2048 Ventures, NFX and other undisclosed investors on January 20, 2026, putting the company’s pre-money valuation at $43.4 million. The company is a developer of novel tumor-targeting therapeutics for solid tumors.

Aviwell: The company raised GBP 11 million of Series A venture funding in a deal led by Hatch Blue on January 23, 2026. SWEN Capital Partners, Blast.Club, Elaia Partners, and MFS Investment Management also participated in the round. The company is a developer of a microbiota-based AI/ML discovery platform operating at the convergence of digital and life sciences.

BrightInsight: The company raised $13 million of venture funding from Mayo Clinic, New Leaf Venture, and Eclipse Ventures on January 20, 2026. Insight Partners, General Catalyst, and other undisclosed investors also participated in the round. The company is a developer of a digital health platform optimizing regulated drugs, devices, and software through integrated data.

Eolas Medical: The company raised GBP 8.9 million through a combination of debt and Series A venture funding on January 19, 2026, putting the company’s pre-money valuation at GBP 21.05 million. GBP 7.643297 million of Series A was led by Acton Capital with participation from Scalex Investments, Whiterock Capital, Ascension, Samaipata, Kindred Capital, and Portfolio Ventures. The company is an operator of a health-tech platform providing AI-powered, SaaS-based knowledge management services.

RobotDreams: The company is in the process of raising EUR 10 million of venture funding as of January 19, 2026. The company is a developer of an AI-based diagnostic software for hematological data analysis identifying physiological conditions in clinical settings.

Sense Neuro Diagnostics: The company is in the process of raising $9 million of Series B venture funding in a deal led by QCA First Funds on January 19, 2026, putting the company’s pre-money valuation at $23 million. Bearcat Ventures, UC Ventures and Alloy Growth Lab is also participating in the round. It plans to close the round by April 30, 2026. The company is a developer of noninvasive radiofrequency sensors designed to detect major changes in the brain.

QV Bioelectronics: The company raised GBP 4.5 million of venture funding in a deal led by Praetura Ventures and PraeSeed on January 21, 2026. Empirical Ventures, Innovate UK and National Institute for Health and Care Research also participated in the round. The company is a developer of an implanted electric field therapy device designed to treat brain tumors.

Cantai Therapeutics: The company raised $3.5 million of venture funding from undisclosed investors on January 21, 2026. The company is a developer of next-generation bispecific antibodies for autoimmune diseases.


M&A Transactions

RAPT Therapeutics / GSK: The company reached a definitive agreement to be acquired by GSK for $2.2 billion on January 20, 2026. The company is a developer of oral small-molecule immunology therapeutics for inflammatory diseases.

Astria Therapeutics / BioCryst Pharmaceuticals: The company was acquired by BioCryst Pharmaceuticals for $700 million on January 23, 2026. The company is a developer of biopharmaceutical therapies for rare allergic and immunological diseases.

Integrity Orthopaedics / Smith & Nephew: The company was acquired by Smith & Nephew for $450 million on January 21, 2026. The company is a developer of rotator cuff soft tissue repair devices.

Accellix / BioMérieux: The company was acquired by BioMérieux, a subsidiary of Institut Mérieux, for EUR 35 million on January 22, 2026. The company is a developer of an automated cell phenotyping platform for point-of-need diagnostics.

BioTissue Holdings / Biostem Technologies: The Surgical and Wound Care Business of BioTissue, was acquired by Biostem Technologies for $25 million on January 21, 2026. The company is a provider of surgical and wound care services based in Miami, Florida.

Catalyst Clinical Research / Worldwide Clinical Trials: The company entered into a definitive agreement to be acquired by Worldwide Clinical Trials, via its financial sponsors, Kohlberg & Company, NB Capital Solutions and TJC, through an LBO on January 20, 2026 for an estimated $500 million. The company is an operator of an oncology-focused contract research organization for biotechnology, pharmaceutical, and medical device companies.

CytoTronics / Axion Biosystems: The company was acquired by Axion Biosystems, via its financial sponsor Summa Equity, through an LBO on January 22, 2026 for an undisclosed amount. The company is a manufacturer of microelectrode array technology intended for studying cell biology.

DeepDocs AI / Rapid Care: The company was acquired by Rapid Care for an undisclosed amount on January 21, 2026. The company is a developer of a data automation platform designed to extract key data points from PDF documents using AI.

Diligent Robotics / Serve Robotics: The company reached a definitive agreement to be acquired by Serve Robotics for an undisclosed amount on January 20, 2026. The company is a developer of artificial intelligence-based robot assistants designed to support healthcare workers with routine tasks.

NexInlife / AREV Partners: The company of Saint-Gobain Medical was acquired by AREV Partners and its management through an LBO on January 19, 2026 for an undisclosed amount. The company is a manufacturer of medical device instruments intended to support the creation of minimally invasive delivery systems and components.

Ruhof / Aspen Surgical Products: The company was acquired by Aspen Surgical Products, via its financial sponsors Linden and Audax Private Equity, through an LBO on January 22, 2026 for an undisclosed amount. The company is a manufacturer of enzymatic detergents for cleaning surgical instruments.

Symprove / Metagenics: The company was acquired by Metagenics, via its financial sponsor Gryphon Investors, through an LBO on January 21, 2026 for an undisclosed amount. The company is a manufacturer of water-based probiotic supplements for maintaining gut bacteria balance.

TelyRx / Apolo V Acquisition: The company reached a definitive agreement to acquire Apolo V Acquisition through a reverse merger on January 19, 2026. The company is an operator of a tech-enabled healthcare platform intended to increase access to medications.

TransCure BioServices / Taconic Biosciences: The company was acquired by Taconic Biosciences, via its financial sponsors Avista Healthcare Partners and HealthBridge Innovation Fund, through an LBO on January 20, 2026 for an undisclosed amount. The company is a developer of humanized mouse models intended to accelerate the development and commercialization of new drugs and therapies for cancer.


Source: Pitchbook Data, Inc.

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