January 20, 2015 by Brad Perriello
Venture capitalists put more cash into fewer deals backing medical device companies last year, according to the MoneyTree report, meaning that the average deal value rose nearly 28% in 2014.
The report, compiled by PricewaterhouseCoopers and the National Venture Capital Assn. using data from Thomson Reuters, found that VC shops spent $2.66 billion on 319 medtech firms. That’s an increase in total value of 27.0% over 2013, but a -0.6% decline in deal volume. Read more
January 20, 2015 by Mark Hollmer
Samsung Electronics’ venture arm led a $20 million round for EarlySense, a maker of contact-free health monitoring systems.
Pitango Venture Capital, Welch Allyn, JK&B, Proseed and Noaber added to the $10 million put up by Samsung Ventures, according to a press release. Read more
January 21, 2015 by Brad Perriello
K2M Group said it registered for a $40 million follow-on public offering and won a nod from the FDA for a new spinal implant system.
Leesburg, Va.-based K2M said it plans to use some of the proceeds from the follow-on flotation of 4.9 million shares to expand its worldwide sales footprint and possibly for acquisitions, plus working capital and general corporate purposes. Read more