Strategy | Financing Transactions
Private Placement / Financing Transactions

City Therapeutics: The company raised $135 million of Series A venture funding in a deal led by ARCH Venture Partners on October 8, 2024. Regeneron Ventures, The Invus Group, AN Ventures, Slate Path Capital, Rock Springs Capital, Fidelity Management & Research and other undisclosed investors also participated in the round. The company is an operator of a biotechnology company intended to develop innovative, precise, and effective treatments for a wide range of diseases.

CytoVale: The company raised $100 million of Series D venture funding in a deal led by Sands Capital on October 10, 2024. Breakout Ventures, Norwest Venture Partners, Global Health Investment Corporation, and CPP Investments also participated in the round. The company is a developer of biophysical markers intended to revolutionize diagnostics using cell mechanics and machine learning.

Suki: The company raised $70 million of Series D venture funding in a deal led by Hedosophia on October 10, 2024, putting the company’s pre-money valuation at $430 million. Venrock, Flare Capital Partners, Breyer Capital, InHealth Ventures and March Capital also participated in the round. The company is a developer of a medical voice assistant intended to streamline the process of clinical documentation and reduce the administrative burden on healthcare providers.

GI Windows: The company raised $34 million in Series B venture funding from undisclosed investors on October 9, 2024, putting the company’s pre-money valuation at $96.9 million. The company is a developer of surgical devices designed to help in tissue fusion.

SynDevRx: The company raised $29.4 million of venture funding from undisclosed investors on October 10, 2024. The company is a developer of cancer therapy technology designed to treat tumors sensitive to systemic, dysregulated metabolic hormones.

Lymphatica Medtech: The company raised EUR 18 million of Series B venture funding in a deal led by Panakes Partners, Techwald Holding and CDP Venture Capital on October 8, 2024. High-Tech Gründerfonds, Occident Group, Club degli investitori, and Zürcher Kantonalbank also participated in the round. The company is a developer of implantable devices designed to re-establish lymphatic circulation in individuals affected by lymphedema.

Centaur Labs: The company raised $16 million of Series B venture funding in a deal led by Susa Ventures and SignalFire on October 8, 2024. Matrix, SBXi, Alumni Ventures, Samsung NEXT Ventures, Accel and Y Combinator also participated in the round. The company is a provider of medical data annotation services intended to offer assistance with medical decisions and diagnosis.

Spry Therapeutics: The company raised $15 million of venture funding in a deal led by Flourish Ventures on October 9, 2024. Eight Roads, F-Prime Capital and Together Fund also participated in the round. The company is a developer of a digital health platform designed for health professionals to capture and assess patient care data in real time.

Somagenetix: The company raised CHF 10 million of Series A venture funding in a deal led by VI Partners on October 8, 2024. Schroders Capital, Verve Ventures and Zürcher Kantonalbank also participated in the round. The company is an operator of a biotechnology business intended to develop new cell and gene therapy to treat patients with severe inherited immune diseases.

AltraTech: The company raised EUR 10.5 million of venture funding from EIC Scaling Club on October 7, 2024. The company is a developer of a viral deoxyribonucleic acid or ribonucleic acid detection (RNA) device designed to enhance molecular detection.

RadiantGraph: The company raised $11 million of Series A-1 venture funding in a deal led by M13 on October 9, 2024, putting the company’s pre-money valuation at $45 million. True Ventures, XYZ Venture Capital, and other undisclosed investors also participated in the round. The company is an operator of an AI-based healthcare platform intended to make healthcare more accessible and easier.

MiLaboratories: The company raised $10 million through a combination of Debt and Series A venture funding in a deal led by KFund on October 10, 2024, putting the company’s pre-money valuation at $29.5 million. EGB Capital, Courtyard Ventures, Acrobator Ventures, Speedinvest, TEN13, Somersault Ventures, and other undisclosed investors also participated in the round. The company is a developer of medical imaging software designed to provide interactive analysis of T-cell and B-cell receptor repertoire high-throughput sequencing data.

Nymbl Systems: The company raised $7.5 million of venture funding from undisclosed investors on October 11, 2024. The company is a developer of an electronic health records and practice management platform designed to improve productivity, proficiency, and profits for orthotic and prosthetic providers.

Invectys: The company raised $4 million of venture funding in the form of convertible promissory notes and warrants from undisclosed investors on October 10, 2024. The company is an operator of a biopharmaceutical business intended to develop immunotherapy products to treat cancer.

Novian Health: The company raised $3.8 million of venture funding in the form of convertible notes from undisclosed investors on October 10, 2024. The company is an operator of a proprietary medical technology platform intended to help in the treatment of tumors for early-stage breast cancer using interstitial laser therapy.

Entheos Labs: The company raised $3.6 million of venture funding from undisclosed investors on October 10, 2024. The company is a developer of bioengineering novel psychedelic botanicals designed to address unmet mental health needs.

a:head Bio: The company raised venture funding on October 9, 2024. The company is a developer of novel drugs intended for treating brain disorders based on human cerebral organoids.

Ubie: The company raised an undisclosed amount of venture funding from Alphabet on October 8, 2024. The company is a developer of a global health-tech platform intended to provide artificial intelligence (AI) disease prediction for consumers, SaaS products for healthcare providers, and marketing services for pharmaceutical organizations.

Vizgen: The company raised an undisclosed amount of Series D venture funding from Northpond Ventures, ARCH Venture Partners and Tao Capital Partners on October 9, 2024. The company is a developer of biomolecule profiling technology designed to bring new insight into biological systems and disease.


M&A Transactions

Jnana Therapeutics / Otsuka Pharmaceutical: The company was acquired by Otsuka Pharmaceutical for $800 million on October 8, 2024. The company is a developer of a drug discovery platform designed to target the solute carrier family of transporters and cell metabolic gates.

WEX Pharmaceuticals / Vrios: The company was acquired by Virios Therapeutics for $105 million on October 7, 2024. The company is an operator of a biopharmaceutical business dedicated to the research, development, manufacture, and commercialization of Halneuron.

MedCurrent / VitalHub: The company was acquired by VitalHub for $12 million on October 7, 2024. The company is a developer of a clinical decision support (CDS) platform designed to enhance the clinical decision-making process.

Ovizio / ChemoMetec: The company reached a definitive agreement to be acquired by ChemoMetec for an undisclosed amount on October 11, 2024. The company is a developer of an automated cell culture monitoring and analysis system designed for scientists and biomanufacturers when scaling up their cell culture processes and operations.

PetaGene / Storj: The company was acquired by Storj for an undisclosed amount on October 8, 2024. The company is a developer of a genetic data compression platform designed to compress multiple data without compromising genomic quality.

Ultivue / Vizgen: The company was acquired by Vizgen for an undisclosed amount on October 9, 2024. the company is a developer of multiplex biomarker assays designed to help in tissue phenotyping and digital pathology.

Windstar Medical / Merz Pharma: The company reached a definitive agreement to be acquired by Merz Pharma for an undisclosed amount on October 7, 2024. The company is a manufacturer of pharmaceutical products intended to serve consumers, traders, and industrial partners.


Source: Pitchbook Data, Inc.

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