Medical device firms in the U.S. pulled in more than $766 million in venture-backed financing during the second quarter of 2009, according to a report from Dow Jones VentureSource.
In total, 79 financing deals for medical device companies were reported during the quarter.
The total financing represented a 41 percent increase from the $545 million invested in medical device firms during the first quarter. However, overall deal flow was off by 26 percent from the same period last year on a dollar-for-dollar basis.
During the second quarter of 2008, medical device firms raised $1.04 billion on 77 financing rounds.
One of the largest deals of the quarter, across all sectors, was Burlington-based knee implant maker ConforMIS Inc., which announced last week that it had raised more than $50 million in a series D round.
According to the report, venture firms invested in 595 deals for a total of $5.27 billion during the quarter, down significantly from the $8.33 billion put into 726 deals during the same period last year.
