CorVent Medical today announced the closing of a $4.5 million seed financing round to support the commercialization of a single-use, critical care ventilator. The financing round is led by European life sciences venture capital firm Sofinnova Partners with participation from Redmile Group, Exor Seeds, Genesis Medtech Group, The Deerfield Foundation, The Pagliuca Family Office and […]
Soffinova raises €333m healthcare fund
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 launches $340m healthcare crossover fund
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 […]
Hook to step down as Integer CEO | Personnel Moves | March 31 , 2017
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 […]
Medtronic, LivaNova get in on $12m round for European medtech incubator MD Start
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 pulls in $34m for Reactiv8 neurostim device for chronic pain
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 lands $25m for next-gen medical polymer
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 […]
Sofinnova raises $325m for healthcare-focused fund
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 […]
HealthQuest Capital looks to investments with its new $110M funding round | Medtech funding for the week of August 18, 2014
HealthQuest Capital raises $110M for healthcare investments
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.
