Cohera Medical raised a $50 million funding round led by private equity giant KKR and joined by a group of existing investors. Pittsburgh-based Cohera, which makes absorbable surgical adhesives and sealants, said it plans to use the proceeds for the U.S. launch of its TissiGlu adhesive and for clinical trials of its Sylys sealant, which won […]
Venture Capital/Private Equity
Report: $47.2B invested in Q3 2015; more than past 17 years
Venture capitalists have dropped $16.3 billion on medtech in the 3rd quarter this year, bringing the total invested up to $47.2 billion so far this year, higher than the past 17 year totals, according to a MoneyTree Report. The money this quarter went into 1,070 deals, according to the report from PricewaterhouseCooper and the National […]
Venture capital-backed firms take record $32B in Q2, mostly in mega-deals
(Reuters) — Venture capital-backed firms globally raised a record $32.5 billion in the 2nd quarter, but this eye-watering figure disguises a disquieting fixation on mega-deals, which attracted half of all funding, resulting in fewer startup deals. The quarter saw 61 mega-rounds, defined as investments of $100 million or more, taking in more than $16 billion, as wavering […]
Report: Medtech draws $814m from VCs during Q2
Venture capitalists put nearly $814 million into the medical device sector during the 2nd quarter, closing 75 deals for an average value of $10.8 million, according to the MoneyTree report. The $813.7 million VCs dropped on medtech last quarter is 22.0% jump over Q2 2014, according to the report, which is compiled by PricewaterhouseCoopers and the National […]
NaviMed Capital raises $110m healthcare fund
NaviMed Capital today said it raised its 1st fund, a $110 million pool it plans to use to back “lower middle-market healthcare businesses” in the services, IT, hospital products and distribution sectors. The Washington, D.C.-based private equity shop said its 1st investment from the fund went to healthcare risk management company Lucent Health Solutions. “Our partnership with […]
PureTech IPO raises $171 million
(Reuters) — Boston-based PureTech Health kicked off its London listing on Friday, raising $171 million to fund further product development in the latest life sciences float in Britain. The U.S. health technology firm, which has on its board Pearson’s former chief executive Marjorie Scardino and former Sanofi chief executive Chris Viehbacher, said its listing valued […]
Leerink, Revelation Partners raise $192m healthcare fund
Leerink Capital Partners and Revelation Partners said they’ve teamed up to form an “investment platform” for investing in the healthcare sector and closed an over-subscribed fund worth $192 million. The firms said Leerink Revelation Partners unites the investment bank’s healthcare expertise with Revelation’s experience with secondary transactions in healthcare. The San Francisco-based investment teamled by Scott Halsted focuses on […]
ClarVista raises $14m Series B round
California startup ClarVista Medical said it raised a $14 million Series B round slated for development of its adjustable post-cataract surgery intraocular lens replacement. Cycad Group and Windham Venture Partners co-led the round, along with existing investor New Enterprise Associates, ClarVista said.
PureTech seeks $160m in U.K. listing
(Reuters) — Boston-based PureTech Health plans to raise $160 million in a London listing, filling its coffers to fund product development and delivering a vote of confidence on the British life sciences sector.
The move by the U.S. health technology firm follows a similar decision by California-based drug discovery group Verseon to raise $100 million in London earlier this month.
Warburg Pincus takes majority stake in Sterigenics
Private equity firm Warburg Pincus acquired a majority stake in contact sterilization provider Sterigenics International, according to GTCR, which bought the company in 2011.
PAD: Shockwave Medical raises $40M
Shockwave Medical announced $40 million in funding for its novel balloon catheter designed to treat calcified lesions in the peripheral vasculature.