Strategy | Financing Highlight
Private Placement / Financing Transactions
Pheon Therapeutics: The company raised $68 million of Series A venture funding in a deal co-led by Atlas Venture, Brandon Capital, Brandon Biocatalyst and Forbion on September 28, 2022. Research Corporation Technologies also participated in the round. The company is a developer of Antibody-Drug Conjugate (ADC) intended for a wide range of hard-to-treat cancers.

Kyruus: The company raised $35.1 million of venture funding from undisclosed investors on September 30, 2022. The company is a developer of a SaaS-based administrative data management platform built for healthcare organizations.

Form Bio: The company raised $30 million of Series A venture funding in a deal led by JAZZ Venture Partners on September 27, 2022. Builders VC and 7 other investors also participated in the round. The company is a developer of a biotechnology platform for scientific discovery.

Qnovia: The company raised $24.2 million in Series A venture funding in a deal led by Blue Ledge Capital on September 28, 2022, putting the company’s pre-money valuation at $70 million. DG Ventures, Gaingels, Evolution VC Partners, Vice Ventures and Third Lake Capital also participated in the round. The company is an operator of a biotechnology platform that offers a medicated vape system.

XP Health: The company raised $22.6 million through a combination of Series A venture funding in a deal led by Valor Capital Group, HC9 Ventures and ManchesterStory on September 28, 2022, putting the company’s pre-money valuation at $22.8 million. The company is a developer of an AI-powered vision benefits platform designed for human sight care.

Doccla: The company raised GBP 15 million of Series A venture funding in a deal led by General Catalyst on September 29, 2022. Speedinvest, KHP Ventures and Giant Ventures also participated in the round. The company is a provider of virtual ward services intended to shift patient care from hospitals to the home.

Kupando: The company raised EUR 13 million of Series A venture funding in a deal led by LifeCare Partners and Remiges Ventures on September 26, 2022. Brandenburg Kapital, High-Tech Gründerfonds, Ventura BioMed Investors, and other undisclosed investors also participated in the round. The company is an operator of a biopharmaceutical business intended to provide immunotherapy to cancer patients and prevent infectious diseases.

Cionic: The company raised $12.4 million of Series A venture funding in a deal led by BlueRun Ventures with participation of HealthTech Capital, Caffeinated Capital, JobsOhio Growth Capital Fund, EPIC Ventures, LDV Capital and other undisclosed investors on September 26, 2022. The company is a developer of neural sleeves designed to assist people with the activities of daily living.

ClostraBio: The company raised $9.9 million of venture funding from Mansueto Office, Portal Innovations and other undisclosed investors on September 26, 2022. The company is an operator of a biopharma company intended to develop therapeutics for food allergies.

New Frontier Bio: The company raised $8.9 million of venture funding from undisclosed investors on September 26, 2022. The company is a developer of consumer health products intended to reverse the signs of aging and promote natural health and lifespan on a cellular level.

New View Surgical: The company raised $7.0 million of venture funding from undisclosed investors on September 30, 2022. The company is a developer of a surgical imaging and access system designed for minimally invasive surgery.

Precidiag: The company raised $3 million of venture funding from undisclosed investors on September 26, 2022. The company is a developer of precision therapeutics and complementary diagnostics intended to precisely target pathogens in the gut that cause and/or contribute to disease.

ixCells Biotechnologies: The company received an undisclosed amount of development capital from Great Point Partners on September 29, 2022. The company is a provider of cell biology and technology services intended to help in developing therapeutic drugs and disease models.


M&A Transactions
Standard Bariatrics / Teleflex: The company was acquired by Teleflex for $300 million on September 28, 2022. The company is a producer of surgical disposable tools intended to be used for sleeve gastrectomy.

Versantis / Genfit: The company was acquired by Genfit for CHF 65 million on September 29, 2022. The company is an operator of a drug development business intended to develop disruptive therapies for rare liver and pediatric diseases.

Aceragen / Idera Pharmaceuticals: The company was acquired by Idera Pharmaceuticals for an undisclosed amount on September 28, 2022. The company is an operator of a rare disease biopharmaceutical business focused on developing novel therapies which can have a positive impact on the lives of patients and families.

Anesthesia and Pain Consultants / Paragon Anesthesia: The company was acquired by Paragon Anesthesia for an undisclosed amount on September 28, 2022. The company is a provider of anesthesia and pain management services based in Johnson City, Tennessee.

Balhousie Care Group / AcalisCare: The company was acquired by AcalisCare for an undisclosed amount on September 26, 2022. The company is a provider of private care services catering to the elderly and disabled.

Dyscovry Science / Silo Wellness: The company reached a definitive agreement to be acquired by Silo Wellness for an undisclosed amount on September 27, 2022. The company is a developer of plant-derived therapeutics intended for the treatment of physiological symptoms and secondary psychological symptoms.

Viewpoint Molecular Targeting / IsoRay Medical: The company reached a definitive agreement to be acquired by IsoRay Medical for an undisclosed amount on September 28, 2022. The company is a developer of pharmaceutical drugs and therapies intended for diagnostic imaging and therapy for cancer, with a focus on metastatic melanoma.

ViewPoint Therapeutics / Visus Therapeutics: The company was acquired by Visus Therapeutics for an undisclosed amount on September 28, 2022. The company is a developer of crystallin stabilizers designed to prevent and treat cataracts and presbyopia.

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