To say that 2023 continued to be a difficult fundraising environment for companies in Europe is an understatement. However, there were some green shoots and investors continued to back companies, seeing opportunities across the health tech, med-tech and biotech space.

Med-tech firms raising money in public or private financings, including: Bluejay Diagnostics, Median Technologies, Meihua International Medical Technologies, Profound Medical.

Most categories of med-tech financings peaked during the COVID-19 pandemic, with the highest values seen in 2020-2021. While public/other and private financings have successfully rebounded to pre-pandemic levels, the aggregate financings for 2023 hit an unprecedented low according to BioWorld’s records.

Med-tech firms raising money in public or private financings, including: Inspira, Personalis.

Med-tech firms raising money in public or private financings, including: Feeltect, Motus GI.

Med-tech firms raising money in public or private financings, including: BBS-Bioactive Bone Substitutes.

Med-tech firms raising money in public or private financings, including: Biorithm, Luma.

Carthera SA received an additional €4.5 million (US$4.9 million) from investors to take its series B funding round to €42 million despite a tough fundraising environment for med-tech companies. Frédéric Sottilini, CEO of Carthera, told BioWorld that the strong investor interest was testament to their confidence in the company’s Sonocloud technology for brain disorder treatment.

Med-tech firms raising money in public or private financings, including: BCV, Calyxo, Molecular Loop, Ondine.