Outset Medical (NSDQ:OM) has brought in nearly $278 million from its IPO that closed today, two days after its shares started trading on the Nasdaq. The maker of the Tablo hemodialysis system raised$277.9 million before deducting underwriting discounts and commissions and offering expenses. The nearly 10.3 million OM shares sold at an initial offering price […]
Funding Roundup
CoreMap gains $10.5M in Series A round
Burlington, Vt.-based startup CoreMap has secured $10.5 million in a Series A funding round led by Qure Ventures. Founded in 2016, CoreMap is taking aim at atrial fibrillation (AF) with technology designed to map complex arrhythmias inside the heart. The company’s patented system combines an electrode pair design in a high-density array configuration with algorithm-driven […]
RapidAI raises $25M Series B
RapidAI announced today that it raised $25 million in a Series B financing round as it looks to accelerate global growth initiatives. Lennertz & Co. contributed the funds in the financing round, with its managing director Philipp Lennertz saying in a news release that RapidAI’s work has brought “measurable improvement” to patient care around the […]
nTopology raises $40M
Engineering software developer nTopology announced that it collected $40 million in a Series C financing round. Insight Partners led the financing, with participation from Grant Verstandig and existing investors Root, Canaan, DCVC and Haystack. Josh Fredberg of Insight Partners will be joining New York-based nTopology’s board of directors as well, according to a news release. […]
Aidoc raises $20M more in Series B funding
Medical imaging tech developer Aidoc announced today that it raised an additional $20 million as part of a Series B extension round. New York-based Aidoc said in a news release that the announcement comes on the back of tripled revenues since the beginning of 2020, while the latest funding brings its total financing to $60 […]
NIH awards contracts to develop digital health technologies for COVID-19
The National Institutes of Health announced that it awarded seven contracts to companies to develop digital health solutions for addressing COVID-19. NIH said in a news release that the technology developed to help address the pandemic could lead to user-friendly tools like smartphone apps, wearable devices and software that can identify and trace contacts of […]
ControlRad wins FDA nod for radiation reduction technology
ControlRad announced today that it received FDA 510(k) clearance for the use of its ControlRad Trace on OEC 9900 Mobile C-arms. Atlanta-based Controlrad’s Trace system is designed for reducing radiation in fluoroscopically guided procedures. According to a news release, the ControlRad Trace can be retrofitted onto existing mobile C-arms with its proprietary semi-transparent filter, tablet […]
Former Corindus CEO Toland joins medtech investment firm
BioStar Capital announced today that former Corindus Vascular Robotics CEO Mark Toland has joined the firm as a partner and EIR. As a partner and entrepreneur in residence (EIR), Toland is slated to help in the discovery, development and nurturing of new startups with high-growth potential. He will also have the flexibility to function in […]
Medigate completes $30M Series B
Medical device security firm Medigate announced today that it completed a $30 million Series B financing round. New York-based Medigate’s funding round was led by new investor Partech, with participation from existing investors YL Ventures, U.S. Venture Partners and Blumberg Capital and new investor Maor Investments. The $30 million brings Medigate’s total funding to $50 […]
Hologic launches $950M private offering
Hologic (NSDQ:HOLX) announced today that it launched a private offering worth $950 million in senior notes due in 2029. Marlborough, Mass.-based Hologic said in a news release that it plans to use the proceeds collected from the offering, along with available cash, to refinance its existing 4.375% senior unsecured notes due in 2025, with current cash […]
CarThera collects $14.3M
CarThera announced today that it received a $2.3 million (€2 million) grant and $12 million (€10.5 million) in equity, totaling $14.3 million. Paris-based CarThera was selected by the EIC Accelerator Pilot to receive the funds as it develops its Domeus project for treating glioblastoma patients. In addition to the money, CarThera is also slated to […]
