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  1. Deals Analysis
June 20, 2019

Medical devices industry venture financing deals in May 2019 total $1.3bn globally

Total medical devices industry venture financing deals in May 2019 worth $1.3bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 71.7% over the previous month and a rise of 75.1% when compared with the last 12-month average, which stood at $743.75m.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $876.56m. At the country level, the US topped the list in terms of deal value at $876.56m.

In terms of volumes, North America emerged as the top region for medical devices industry venture financing deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of venture financing deals activity in May 2019 was the US with 64 deals, followed by the UK with four and France with four.

In 2019, as of the end of May 2019, medical devices venture financing deals worth $4.31bn were announced globally, marking a decrease of 2.4% year on year.

Medical devices industry venture financing deals in May 2019: Top deals

The top five medical devices industry venture financing deals accounted for 37.3% of the overall value during May 2019.

The combined value of the top five medical devices industry venture financing deals stood at $486m, against the overall value of $1.3bn recorded for the month. The top announced medical devices industry venture financing deal tracked by GlobalData in May 2019 was Gold Stone Investment, Green Pine Capital Partners and Shanghai Orient Securities Capital Investment’s $200m venture financing of MGI Tech.

In second place was the $110m venture financing of Thrive Earlier Detection by Biomatics Capital Partners, BlueCross BlueShield Venture Partners, Camden Partners Holdings, Casdin Capital, Cowin Venture Capital, Exact Sciences, Gamma3, Section 32, Invus Group and Third Rock Ventures and in third place was Legend Capital, Softbank China Venture Capital and VMS Investment Group’s $66m venture financing of Zhejiang Hui Health Technology.

The $60m venture financing of ArcherDx by Boulder Ventures, Longwood Fund Management, PBM Capital Group, Peierls Foundation and Perceptive Advisors and Compound Ventures, Norwest Venture Partners, Qumra Capital, Revolution Growth and Spark Capital’s venture financing of Groop Internet Platform for $50m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

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