Medical devices industry venture financing deals in December 2019 total $769.28m in US

27 January 2020 (Last Updated January 27th, 2020 06:47)

Medical devices industry venture financing deals in December 2019 total $769.28m in US

Total medical devices industry venture financing deals in December 2019 worth $769.28m were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 16.1% over the previous month and a rise of 38.4% when compared with the last 12-month average of $555.87m.

The US held a 64.6% share of the global medical devices industry venture financing deal value that totalled $1.19bn in December 2019.

In terms of deal activity, the US recorded 50 deals during December 2019, marking a decrease of 9.1% over the previous month and a drop of 18.03% over the 12-month average.

The US medical devices industry venture financing deals in December 2019: Top deals

The top five medical devices industry venture financing deals accounted for 51.4% of the overall value during December 2019.

The combined value of the top five medical devices venture financing deals stood at $395.6m, against the overall value of $769.28m recorded for the month.

The top five medical devices industry deals of December 2019 tracked by GlobalData were:

1) Foresite Capital Management, JS Capital Management, Merieux Developpement, MLS Capital Fund II, NanoDimension Management, Oak HC/FT Partners, Paladin Capital Group and Venrock’s $125m venture financing of Inscripta

2) The $85m venture financing of Imperative Care by 3H Health Investment, Ally Bridge Group, Ascension Ventures, Bain Capital Life Sciences, Delos Capital, Incept and Rock Springs Capital Management

3) ArrowMark Partners, Broadfin Capital, CVF, Essex Woodlands Management, General Atlantic, JMR Capital, Meritech Capital Partners, NeoMed Management, Orbimed Advisors, Perceptive Advisors, Redmile Group, SEB Private Equity and Security Pacific Finance’s $85m venture financing of Sonendo

4) The $55m venture financing of ArcherDx by ArrowMark Partners, Boulder Ventures, Driehaus Capital Management, Longwood Fund Management, PBM Capital Group, Perceptive Advisors, Redmile Group, Sands Capital Management and Soleus Capital Management

5) Barco, Drug Discovery Gateway InvestmentPartnership, IPF Management, Mitsubishi, Plug and Play Ventures, Relyens, Whiz Partners andInc.’s venture financing of Caresyntax for $45.6m.

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.