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  1. Deals Analysis
April 27, 2022

Medical Devices industry venture financing deals total $1.57bn in North America in March 2022

By Nikitha Ladda

Total medical devices industry venture financing deals worth $1.57bn were announced in North America in March 2022, led by $200m venture financing of DNAnexus, according to GlobalData’s deals database.

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The value marked a decrease of 0.6% over the previous month of $1.58bn and a rise of 0.6% when compared with the last 12-month average of $1.56bn.

North America held a 73.71% share of the global medical devices industry venture financing deal value that totalled $2.13bn in March 2022. With a 72.77% share and deals worth $1.55bn, the US was the top country in North America’s venture financing deal value across medical devices industry.

In terms of venture financing deal activity, North America recorded 89 deals during March 2022, marking an increase of 12.66% over the previous month and a rise of 14.10% over the 12-month average. The US recorded 85 deals during the month.

North America medical devices industry venture financing deals in March 2022: Top deals

The top five medical devices industry venture financing deals accounted for 37.3% of the overall value during March 2022.

The combined value of the top five medical devices venture financing deals stood at $585m, against the overall value of $1.57bn recorded for the month.

The top five medical devices industry venture financing deals of March 2022 tracked by GlobalData were:

1) Blackstone Growth,Foresite Capital Management,GV Management Co,Innovatus Capital Partners,Northpond Ventures and Perceptive Advisors $200m venture financing deal with DNAnexus

2) The $125m venture financing of BillionToOne by Adams Street Partners,Baillie Gifford,Civilization Ventures,Fifty Years Fund,Hummingbird Ventures,Libertus Capital,NeoTribe Ventures,Norwest Venture Partners,Pacific 8 Ventures and Time BioVentures

3) Artiman Ventures,Blue Water Life Science Advisors,Cedars-Sinai Medical Center,Healthcare of Ontario Pension Plan,John Doerr,ND Capital,Nissim Capital,Ping An Voyager Partners and Pitango Venture Capital $100m venture financing deal with Visby Medical

4) The $80m venture financing of Sherlock Biosciences by Catalio Capital Management,First Albany Capital,Good Ventures,Illumina Ventures,Northpond Ventures and Novalis LifeSciences

5) Ally Bridge Group,Ascension Health Ventures,Catalio Capital Management,Hillenbrand Capital,Johnson & Johnson Innovation – JJDC,KCK Group,Pfizer Venture Investments,PSP INVESTMENTS,Sixty Degree Capital,T Rowe Price Associates,The Rise Fund and Venrock Healthcare Capital Partners $80m venture financing deal with RefleXion Medical

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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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