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  1. Deals Analysis
July 28, 2022

Medical Devices industry venture financing deals total $198.7m in Europe in June 2022

By Carmen

Total medical devices industry venture financing deals worth $198.7m were announced in Europe in June 2022, led by $80m venture financing of Proximie, according to GlobalData’s deals database.

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The value marked an increase of 14.8% over the previous month of $173.1m and a drop of 34.6% when compared with the last 12-month average of $303.73m.

Europe held a 12.49% share of the global medical devices industry venture financing deal value that totalled $1.59bn in June 2022. With a 5.35% share and deals worth $85.07m, the UK was the top country in Europe’s venture financing deal value across medical devices industry.

In terms of venture financing deal activity, Europe recorded 25 deals during June 2022, marking an increase of 56.25% over the previous month and a rise of 25.00% over the 12-month average. The UK recorded four deals during the month.

Europe medical devices industry venture financing deals in June 2022: Top deals

The top five medical devices industry venture financing deals accounted for 76.3% of the overall value during June 2022.

The combined value of the top five medical devices venture financing deals stood at $151.63m, against the overall value of $198.7m recorded for the month.

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

1) Advent Life Sciences,British Patient Capital,Eight Roads Ventures,Emerson Collective,F Prime Capital,Global ventures,Maverick Ventures Israel,Minderoo Foundation,Mubadala Investment,Questa Capital Management and SoftBank Vision Fund 2 $80m venture financing deal with Proximie

2) The $31.3m venture financing of Moon Surgical by Cathay Capital (China),GT Healthcare Capital Partners,JJDC,Johnson & Johnson Innovation – JJDC,Richard Leparmentier,Sacha Loiseau,Siddarth Satish,Sofinnova Partners and Yann Fleureau

3) Bonnier Ventures,Chalmers Ventures,Hillclimber Holding,Industrifonden,Navigare Ventures,Nina Capital and Norrsken VC $21m venture financing deal with Elypta

4) The $12.9m venture financing of IDOVEN 1903 by Insight Partners,Northzone Ventures and Wayra (Spain)

5) EIC Accelerator Pilot $6.43m venture financing deal with Hy2Care

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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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