Strategy | Financing Highlight

Private Placement / Financing Transactions

ProFound Therapeutics: The company raised $75 million of venture funding from Flagship Pioneering on May 26, 2022. The company is a developer of a platform intended to discover expanded human proteome.

Terremoto Biosciences: The company raised $75 million of Series A venture funding in a deal led by OrbiMed and Third Rock Ventures on May 25, 2022.  Other undisclosed investors also participated in the round. The company is a developer of a drug delivery and discovery platform designed for small molecule medicines.

Arizona Isotope: The company raised $47 million of venture funding from undisclosed investors on May 26, 2022. The company is a manufacturer of medical isotopes.

Bicycle Health: The company raised $36 million of Series A venture funding from undisclosed investors on May 23, 2022, putting the company’s pre-money valuation at $210 million. The company is a developer of an online healthcare platform designed to offer medication-assisted treatment.

Targan: The company raised $35 million of Series C venture funding in a deal co-led led by NovaQuest Capital Management and Mountain Group Partners on May 25, 2022, putting the company’s pre-money valuation at $85 million. Merck Animal Health Ventures and Oval Park Capital also participated in the round. The company is a developer of an advanced vaccination system designed to improve animal health.

uMotif: The company raised $25.5 million of venture funding from AlbionVC, DNV and Athyrium Capital Management on May 25, 2022. The company is a developer of a data capture device designed to measure patients’ health, outcomes, and experience.

Perry Health: The company raised $23.5 million of venture funding from undisclosed investors on May 26, 2022. The company is a developer of a remote patient monitoring platform designed to streamline healthcare delivery.

Lyniate: The company received $23.2 million of development capital from undisclosed investors on May 23, 2022. The company is a developer of healthcare technology integration software.

Circles: The company raised $16.5 million of Series A venture funding in a deal led by Zeev Ventures on May 24, 2022. NFX, Flint Capital, Lior Ron, and Sir Ronald Cohen also participated in the round. The company is a developer of an emotional support platform designed to connect people from all over the world.

Moka.care: The company raised EUR 15 million of Series A venture funding in a deal led by Left Lane Capital on May 24, 2022. Singular, Origins Fund, Antoine Griezmann, and Antoine Dupont also participated in the round. The company is an operator of a platform intended to help employees to find the right mental care.

Medical Informatics: The company raised $15.1 million of venture funding from Catalio Capital Management & undisclosed investors on May 26, 2022. The company is a provider of a patient monitoring and analytics platform intended to assist healthcare professionals.

GeminiBio: The company received $15 million of development capital from undisclosed investors on May 27, 2022. The company is a developer and manufacturer of biological reagents intended to enhance human life by delivering comprehensive cell culture facilities that enable the discovery, development and production of transformational therapies.

CareConnectMD: The company raised $10 million of Series B venture funding from undisclosed investors on May 25, 2022, putting the company’s pre-money valuation at $141.5 million. The company is a provider of medical services intended to provide personalized medical care.

Datacubed Health: The company raised $7.5 million of venture funding from Sterling Partners Private Equity and other undisclosed investors on May 25, 2022. The company is an operator of a healthcare technology platform intended to provide electronic clinical outcome assessments for patients participating in clinical trials.

Xyall: The company raised EUR 6 million of Series B venture funding in a deal led by Health Investment Partners on May 24, 2022. Sioux Group and Brabantse Ontwikkelings Maatschappij also participated in the round. The company is a developer of a tissue dissection technology designed to automate and digitize tissue dissection workflow.

ForeSee Medical: The company raised $5.7 million of venture funding from undisclosed investors on May 26, 2022. The company is a developer of a healthcare data management platform designed to facilitate clinical guidance, and simplify and automate the care delivery process.

Havasu Regional Medical Center: The company raised $5.1 million of venture funding from undisclosed investors on May 27, 2022. The company is an operator of a regional community hospital.

Pursuant Health: The company raised $4.9 million of venture funding from undisclosed investors on May 23, 2022. The company is a provider of health screening kiosks intended to allow individuals to manage their health.

Torigen Pharmaceuticals: The company raised $4.6 million of Series A1 venture funding from Gaingels, Emerald Development Managers and Connecticut Innovations on May 24, 2022, putting the company’s pre-money valuation at $12 million. Pocket Sun and other undisclosed investors also participated in the round. The company is a developer of immunotherapy cancer treatments intended to detect and treat cancer in animals.

Acuitive Technologies: The company raised $3.8 million of venture funding through a combination of debt and equity from undisclosed investors on May 26, 2022. The company is a manufacturer of surgical medical devices for orthopedic surgery.


M&A Transactions

Antares Pharma / Halozyme: The company was acquired by Halozyme for $960 million on May 24, 2022. Antares Pharma Inc is a specialty pharmaceutical company.

Satiogen Pharmaceuticals / Mirum Pharmaceuticals: The company was acquired by Mirum Pharmaceuticals for $2.8 million on May 23, 2022. The company is a developer of metabolic mechanism therapy designed to regulate nutrient intake and postprandial glucose.

Advancience / EvokAI: The company was acquired by EvokAI for an undisclosed amount on May 25, 2022. The company is a developer of mental healthcare software designed to bring innovation and digitalization to applied psychology.

Allm / DeNA: The company was acquired by DeNA for an undisclosed amount on May 25, 2022. The company is a developer of a medical communication platform designed to support the promotion of a comprehensive community care system.

Genome / AMP Agency: The company was acquired by AMP Agency for an undisclosed amount on May 24, 2022. The company is a developer of healthcare digital systems designed to integrate cutting-edge technology and advance patient care.

Impact Suite / Malouf: The company was acquired by Malouf for an undisclosed amount on May 24, 2022. The company is a developer of a digital health platform designed to provide employee mental wellness solutions.

My Vision Express / Eye Care Leaders: The company, a subsidiary of Global Growth was acquired by Eye Care Leaders on an undisclosed date. The company is a developer of eye-care management and point of purchase software designed to enable brick-and-mortar eye care practices to better compete and succeed.

Outcome-Based Technologies / DJO Global: The company was acquired by DJO Global, a subsidiary of Enovis, for an undisclosed amount on May 24, 2022. The company is a manufacturer of orthopedic therapeutic products located in Scottsdale, Arizona.

Serarl Belilab / Biopath Laboratoires: The company was acquired by Biopath Laboratoires, a subsidiary of Unilabs, for an undisclosed amount on May 24, 2022. The company is a provider of medical laboratory services based in Bethune, France.

The Residentialist Group / SCAN Health Plan: The company was acquired by SCAN Health Plan for an undisclosed amount on May 26, 2022. The company is a provider of clinical services catering to frail and vulnerable older adults in their homes.

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