Total medical devices industry venture financing deals worth $1.6bn were announced in North America in February 2022, led by $325m venture financing of Somatus, according to GlobalData’s deals database.

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The value marked an increase of 20.2% over the previous month of $1.29bn and a rise of 3.3% when compared with the last 12-month average of $1.5bn.

North America held a 65.96% share of the global medical devices industry venture financing deal value that totalled $2.35bn in February 2022. With a 64.68% share and deals worth $1.52bn, 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 74 deals during February 2022, marking an increase of 1.37% over the previous month and a drop of 2.63% over the 12-month average. The US recorded 73 deals during the month.

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

The top five medical devices industry venture financing deals accounted for 47.8% of the overall value during February 2022.

The combined value of the top five medical devices venture financing deals stood at $740m, against the overall value of $1.6bn recorded for the month.

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

1) Anthem,Blue Venture Fund,Deerfield ManagementLP,Fidelity Management & Research,Flare Capital Partners,General Insuranceof India,Inova Health System,Longitude Capital Management Co,Optum Ventures,RA Capital Management and Wellington ManagementLLP $325m venture financing deal with Somatus

2) The $192m venture financing of Omada Health by aMoon Funds,Civilization Ventures,Fidelity Management & Research,Perceptive Advisors and Wellington ManagementLLP

3) Alumni Ventures Group,aMoon Funds,Cowen Healthcare Investments,Echo Health Ventures,Hitachi Ventures,Khosla Ventures,Laurion Capital Management,Monashee Investment Management,Neuberger Berman Group,Northpond Ventures and Optum Ventures $110m venture financing deal with Scipher Medicine

4) The $57m venture financing of Beta Bionics by ArrowMark Partners,Eventide Asset Management,Farallon Capital Management,LifeSci Venture Partners,Novo Nordisk,Perceptive Advisors,Pura Vida Investments,RTW Investments and Soleus Capital Management

5) 12 West Capital Management and Fulgent Genetics $56m venture financing deal with Spatial Genomics