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Home » Topics » BioWorld MedTech, Financings

BioWorld MedTech, Financings
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DNA, dollars illustration

Adela pulls in $60M for cancer detection in DNA methylome

June 23, 2021
By Annette Boyle
Adela snapped up $60 million in a series A financing round to commercialize its blood test for cancer detection and disease monitoring. At the same time, the company announced its name change from Dnamx Inc. The Adela system profiles all methylated DNA fragments in a blood sample, allowing it to determine the tissue of origin early in development of a malignancy and potentially simplifying screening across all cancer types.
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Quanta SC+ device image

Quanta secures $245M for FDA-cleared portable dialysis system

June 23, 2021
By Meg Bryant
Quanta Dialysis Technologies Ltd. raised $245 million in a series D round led by Glenview Capital. The funds will be used to accelerate commercialization of the company’s SC+ portable hemodialysis system. Novo Holdings co-led the oversubscribed and upsized financing, with support from Blackrock, Eldridge, Sands Capital, Millennium Management, Monashee Investment Management LLC, Puhua Capital, Segulah Medical and Ancora, alongside Orlando Health, an integrated delivery network.
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Financings for June 23, 2021

June 23, 2021
Med-tech firms raising money in public or private financings, including: Alayacare, Codex DNA, Epipole, Figur8, Second Sight Medical Products, Silk Road Medical.
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Cancer cells

Onconano Medicine lands $50M in series B to spur nanosensor that ‘lights up’ cancer

June 22, 2021
By Ana Mulero
Onconano Medicine Inc. raised around $50 million in series B financing to accelerate the momentum of its technology designed to diagnose and treat cancer with high specificity. The biotech company’s nanosensor works by reacting to low pH and illuminates cancer like a lightbulb, distinguishing cancerous tissue from healthy tissue.
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Black and white arrows merging into one

Pear Therapeutics is latest med-tech company to hop on the SPAC train

June 22, 2021
By Meg Bryant
Pear Therapeutics Inc. has joined a growing number of med-tech startups that are merging with special purpose acquisition companies (SPACs) as a backdoor pathway to an initial public offering (IPO). On Tuesday, Pear, a company developing digital therapeutics, reported plans to combine with Thimble Point Acquisition Corp., a blank check company affiliated with the Pritzker Vlock Family Office (PVFO), in a deal valued at approximately $1.6 billion. The $400 million in gross proceeds, including roughly $276 million in cash held in Thimble’s trust account and about $125 million, at $10 per share, from an oversubscribed PIPE (private investment in public equity), will be used to further commercialize Pear’s three FDA-authorized products, advance its pipeline and scale its end-to-end platform.
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3D dollar sign

Cleerly garners $43M in series B funding for heart attack prevention

June 22, 2021
By Annette Boyle
Cleerly Inc. snapped up $43 million in a series B fundraising round to develop artificial intelligence (AI)-enhanced imaging to better understand heart disease and more accurately project patient outcomes. Vensana Capital led the round with participation from the American College of Cardiology, Cigna Ventures, Dititx Partners, Lrvhealth (formerly Long River Ventures), New Leaf Venture Partners and returning investors.
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3D heart in chest

Cardinor secures funding to develop a new generation of ELISA assay for cardiovascular disease

June 21, 2021
By Bernard Banga
Paris – Cardinor AS has secured $1.44 million to commercialize development of a novel ELISA (enzyme-linked immunosorbent assay) blood test that uses secretoneurin as a blood-based biomarker for heart disease and sudden cardiac arrest. London-based Intuitive Investments Group plc participated in this third seed round, along with existing Belgium and German investors.
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Financings for June 21, 2021

June 21, 2021
Med-tech firms raising money in public or private financings, including: Bekhealth.
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Financings for June 18, 2021

June 18, 2021
Med-tech firms raising money in public or private financings, including: Codex DNA, Femasys, Predictive Oncology.
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Financings for June 17, 2021

June 17, 2021
Med-tech firms raising money in public or private financings, including: Icon, Onconano Medical.
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