Health tech deals
The UK government has allocated £5.5 million in funding to establish a Medicines Manufacturing Skills Centre of Excellence. The Government says the move will help to ensure UK life sciences sector "has the right talent to drive innovation and deliver its high-skilled that will help the UK respond to future health emergencies'. This £5.5 million [...]
PatchRx, a US-based medication management startup, has raised US$8 million in a Series A funding round. Its smart pill bottle cap is designed to prioritise patient wellbeing via data-driven technology to enhance prescription adherence and support patients in their medication management. The round was led by Atento Capital joined by Vast Ventures, Cortado Ventures, Forum [...]
Mable Therapy, the digital health platform for children’s speech and language therapy and counselling services, has secured a £3.1m Series A investment from Gresham House Ventures. The growth equity investor specialises in software and digitally driven businesses. The investment will allow Mable to expand its tech offering and bolster its sales and marketing function to accelerate adoption [...]
Anne Hathaway has invested in food tech company EVERY, marking the first B2B investment for the actor. EVERY creates animal-free proteins with a lower environmental impact, including the world’s first animal-free pepsin and egg proteins. The company aims to ‘accelerate the world’s transition to animal-free protein.' Hathaway said: “The need to transform our food system [...]
International life science investor Novo Holdings has today announced a $40m investment in bioscience company, Evosep. Proceeds from the investment will be used to advance clinical applications of proteomics enabled by Evosep's standardised liquid chromatography platform. The new funds will also enable Evosep to further expand its presence globally, especially in the rapidly growing US [...]
By Mike Preston, partner at Cleary Gottlieb
Owners of award-winning anxiety and ‘emotional fitness’ app eQuoo have just secured a £1.5M Seed investment led by US-based Morningside Ventures. PsycApps, based in London, leads the way in emotional and mental health apps, and focuses on AI as a method of coaching. Their emotional fitness game eQuoo is the only tool covered by Ofsted, [...]
NVM Private Equity has completed a £10 million investment into a YorkTest which specialises in the provision of home-to-laboratory tests. The investment from NVM is to be used to enable YorkTest to expand its current product range targeting the launch of 10 new home health tests this financial year. It now has plans to invest [...]
Inspirna, Inc., a clinical stage biopharmaceutical company developing first-in-class small molecule therapeutics, has announced that it has raised $50 million in a Series D financing round. The company identifies novel cancer targets using its microRNA-based target discovery platform, RNA-DRIVEr, which was originally developed by Inspirna’s scientific co-founders at The Rockefeller University and exclusively licensed to [...]
RefleXion Medical, a therapeutic oncology company developing biology-guided radiotherapy (BgRT) for all stages of cancer, has announced the closing of a $125M debt facility, of which $55M is available immediately to repay the company’s existing $50M of debt. The remaining $70M of the new facility will be made available upon reaching certain regulatory and commercial [...]
