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  1. Deals Analysis
February 22, 2022

Medical Devices industry venture financing deals total $585.7m in Asia-Pacific in January 2022

By Nikitha Ladda

Total medical devices industry venture financing deals worth $585.7m were announced in Asia-Pacific in January 2022, led by $100m venture financing of Yikun Bio, according to GlobalData’s deals database.

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The value marked a decrease of 18.4% over the previous month of $717.55m and a rise of 7.3% when compared with the last 12-month average of $546.14m.

Asia-Pacific held a 25.14% share of the global medical devices industry venture financing deal value that totalled $2.33bn in January 2022. With a 24.61% share and deals worth $573.33m, China was the top country in Asia-Pacific’s venture financing deal value across medical devices industry.

In terms of venture financing deal activity, Asia-Pacific recorded 41 deals during January 2022, marking an increase of 7.89% over the previous month and a rise of 28.13% over the 12-month average. China recorded 32 deals during the month.

Asia-Pacific medical devices industry venture financing deals in January 2022: Top deals

The top five medical devices industry venture financing deals accounted for 74.5% of the overall value during January 2022.

The combined value of the top five medical devices venture financing deals stood at $436.36m, against the overall value of $585.7m recorded for the month.

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

1) Eli Lilly Asia Fund (LAV),Morningside Ventures,PerkinElmer Ventures,Sequoia China Fund and Yuanhe Holdings $100m venture financing deal with Yikun Bio

2) The $100m venture financing of VIRTUE Diagnostics (Suzhou) by Lilly Asia ventures,Morningside Ventures,Oriza Holdings,PerkinElmer Ventures and Sequoia China Investment Management

3) China Life Science and Technology Innovation Fund,CPE Yuanfeng,Jianfa Xinxing,Jiangu Capital,Jingming Capital,Luxin Venture Capital and Qianhai Fund of Funds $78.79m venture financing deal with Shenzhen Silicon Biomimetic Technology

4) The $78.79m venture financing of Shenzhen Sibionics Technology by C&D International Investment Group,China Life Innovation Fund,CPE Funds Management,JD Investment (HK),Jingming Capital,Qianhai FOF and Return backer Lucion

5) CPE Yuanfeng,Guoshou science and Innovation Fund,Jingming Capital and Luxin Venture Capital Group $78.79m venture financing deal with Shenzhen SiliconBased Bionic Technology

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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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