Led by $223m venture financing of Cleerly, total medical devices industry cross border venture financing deals worth $1.1bn were announced in North America in Q3 2022, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 14.1% over the previous quarter and a drop of 28.8% when compared with the last four-quarter average of $1.6bn.

North America held a 67.86% share of the global medical devices industry cross border venture financing deal value that totalled $1.68bn in Q3 2022. With a 63.69% share and deals worth $1.07bn, the US was the top country in North America’s cross border venture financing deal value across medical devices industry.

In terms of deal activity, North America recorded 34 cross border deals during Q3 2022, marking an increase of 25.93% over the previous quarter and a drop of 19.53% over the last four-quarter average. The US recorded 25 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

North America medical devices industry cross border venture financing deals in Q3 2022: Top deals

The top five cross border venture financing deals accounted for 50.5% of the overall value during Q3 2022.

The combined value of the top five medical devices cross border venture financing deals stood at $575m, against the overall value of $1.1bn recorded for the quarter.

The top five medical devices cross border deals of Q3 2022 tracked by GlobalData were:

1) Breyer Capital, Cigna Ventures, DigiTx Partners, Fidelity Management & Research, Heartland Healthcare Capital, LRVHealth, Mirae Asset Capital, New Leaf Ventures, Novartis, Peter Thiel, Piper Sandler Merchant Banking, Sands Capital Management, T Rowe Price Associates, T. Rowe Price Investment Management and Vensana Capital’s $223m venture financing deal with Cleerly

2) The $110m venture financing of Orchestra BioMed by Medtronic, Perceptive Advisors, RTW Investments, SternAegis Ventures and Terumo

3) Andera Partners, Bain Capital Life Sciences, Cormorant Asset Management, Gimv, Innovatus Capital Partners, Peijia Medical, Pictet Alternative Advisors, Qatar Investment Authority, RMM Consulting Group, Valiance Advisors and Venture Incubator’s $100m venture financing deal with JenaValve Technology

4) The $75m venture financing of Medical Microinstruments by Andera Partners, BioStar Capital, Deerfield Management Co, Fountain Healthcare Partners, Panakes Partners, RA Capital Management and Samba Tech

5) Bluestem Capital Company, Falcon Vision Global, Marshall Wace and MVM Partners’s $67m venture financing deal with Neurolenses