Health tech deals
Surgical health tech start-up Pristyn Care said it has raised $53m in a Series-D round of funding led by US investment fund Tiger Global Management. Pristyn Care’s valuation has since risen to $550m, more than doubling from the $250 million it had been valued at 6 months ago. The latest round of funding is led [...]
Mental health and wellbeing technology company Frog Systems has participated in a new funding round that has raised more than three-quarters of a million pounds. The latest capital raise was opened up to members of staff as well as existing shareholders and totalled £846,000, with shares being priced at a 10 per cent premium over [...]
Figures from Rockhealth show that digital health investment grew by almost 50 per cent in the first three quarters of 2021 compared to the previous year. Here we report on some of the biggest deals of the year so far. It has been a record-breaking year for digital health investment. According to Rockhealth, 2021 has [...]
Medtech business Charco Neurotech, which develops solutions for people living with Parkinson’s, has announced a $10million seed investment round to support its continued development. The financing is the largest European seed round in 2021 and the sixth largest globally for healthtech devices, according to Pitchbook. Charco, an Imperial College spinout, has developed the therapeutic device [...]
Mark Herbert, managing director at corporate finance firm Shawpoint and Michael Squirrell, corporate partner at law firm Shakespeare Martineau, explore the steps MedTech companies can take in advance of a sale or investment. An ageing population and increasing public health expenditure makes the NHS an appealing market to overseas healthcare investors, with UK MedTech businesses [...]
AI-powered medical image analysis specialist Thirona has received funding from Belgian investment fund HERAN Partners and the Netherlands-based Borski Fund. Thirona develops artificial intelligence solutions for lung and retinal image analysis. It focuses on common diseases such as Asthma, COPD, Age-related Macular Degeneration and Diabetic Retinopathy, as well as rare and complex conditions, including Cystic Fibrosis and Idiopathic [...]
UK chancellor Rishi Sunak has pledged £2.1bn to improve NHS digital technology in today's budget. Sunak said the funding will support the “innovative use of digital technology so hospitals and other care organisations are as connected and efficient as possible". He said this will free up valuable NHS staff time, allowing them to spend more [...]
Deborah Johnson reports on the DayOne Accelerator, Switzerland’s engine room of health innovation and enterprise As a globally-recognised centre of health tech innovation, the Basel Area is a key location for driving the sector forward, with its influence felt across Europe and, increasingly, the wider world. While digital-driven solutions are playing an ever-more central role [...]
Health Tech World goes inside the mind of a health tech investor in an interview with Pierre Socha of Amadeus Capital Partners. Amadeus Capital Partners is a global ‘deep-tech’ investing firm based in Cambridge. Founded in 1997, the firm has since backed more than 180 companies and raised over US$1bn. It focuses on several industries, [...]
Health tech innovators are among those being backed by a new £113m UK government funding scheme aimed at finding the next generation of science leaders. The funding is part of the government’s aim of increasing public R&D spending by £22bn by 2024/25. Anti-epilepsy tech and new types of therapy to treat chronic conditions such as [...]
