Sofinnova Partners said last week that it raised more than $370 million for its ninth fund. The Paris-based company’s Sofinnova Capital IX fund pulled in $371.1 million (€333 million). Sofinnova has more than $2.2 billion (€2 billion) under management, having raised more than $1.1 billion (€1 billion) over the last four years, according to a […]
Sofinnova Partners said today it launched the $340 million (EU €275 million), life sciences-focused Sofinnova Crossover I fund which aims to invest in both public and private companies. The Paris-based venture capital firm said that the $340 million raise was above the fund’s first close target of $310 million (EU €250 million). The newly launched fund […]
Integer Holdings (NYSE:ITGR) said this week that current CEO Thomas Hook has stepped down as the company’s president and CEO, effective immediately, with Joseph Dziedzic taking over as interim prez & CEO. Hook will stay on the Frisco, Texas-based company’s board until the company’s 2017 annual meeting of stockholders, but will not seek re-election. Dziedzic is currently a […]
A European medical device incubator said yesterday that it raised nearly $12 million from backers including Medtronic (NYSE:MDT) and LivaNova (NSDQ:LIVN). Paris-based MD Start invested in 3 companies using its 1st fund and has already invested in a 4th from the just-announced $11.5 million fund, which was led by French public investment bank Bpifrance and included Sofinnova Partners. “MD Start II […]
Mainstay Medical (EPA:MSTY) said last week that it raised a $34 million (€30 million) equity round for its Reactiv8 neurostimulation device, including a $17 million (€15 million) contribution from family investment fund KCK. Proceeds from the 2.3-million-share flotation, priced at $14.70 apiece (€13.00), are slated for European commercialization of the Reactiv8 device (the system won CE Mark approval in […]
Gecko Biomedical said today that it raised a $25 million Series A2 round for the next-generation medical polymer it’s developing. Paris-based Gecko said the €22.5 million round was led by Sofinnova Partners (now its largest stakeholder) and new investor Bpifrance. Prior backers Omnes Capital, CM-CIC Innovation and CapDecisif Management also participated. Founded in 2013, Gecko said it’s […]
Life sciences focused venture capital firm Sofinnova Partners said yesterday it raised $325 million (EU €300 million) for a new fund focused on the healthcare industry, specifically biopharma and medical devices. The fund brought in more than its initial target of $272 million (EU €250 million) and puts the total amount under Sofinnova’s management to $1.6 […]
August 19, 2014 by Arezu Sarvestani
HealthQuest Capital is looking to make some moves healthcare with its newly raised $110 million fund, looking for unmet needs in medical devices, diagnostics and information technology.
California-based medtech group RefleXion Medical touted an $11.6 million Series A fundraising round, hoping to use the new funds to expand research & development efforts for its guided radiation therapy technology.