Swiss biotech company DBS System has just closed a round of €2.3 million in Series A financing. The investment was led by investiere.ch. Existing shareholders and private business angels of DBS System also participated in the round.
Spanish medtech startup Top Doctors has just raised an investment round of €3 million, led by Addventure.
UK medtech startup Babylon Health has raised $60 million for its AI-based medical advice app. The investment comes from NNS holdings, Vostok New Ventures, and existing investor Kinnevik. The Financial Times reports that this round also included particiation from Sawiris, an Egyptian billionaire business family. Last year Babylon raised $25 million in Series A Funding. This lastest round brings the company’s valuation to $200 million, according to the FT.
Wellmo, an Espoo-based health tech startup, has raised €1.3 million from institutional and private investors, who were not named. The new round of funding will be invested in global expansion of its mobile health platform for insurance companies and care providers to build smartphone-based services for customers. ”Now we can increase our efforts to sales […]
Israeli medtech company Aspect Imaging, which develops small MRI systems for specific organs in the body, has raised $30 million from existing investors. This comes after raising a round of $20 million in July 2016.
The German Grünenthal Group has announced the acquisition of Adhesys Medical GmbH, along with its US-based affiliate Adhesys Medical Inc. Both companies are based in Aachen, Germany. Adheysys Medical is a medtech startup that focuses on the development of adhesives used in surgery.
UK-based ALung Technologies, which develops technologies for patients suffering from respiratory failure, has closed a $36 million Series C financing round. The round was led by Philips and UPMC, with participation from new and existing investors including Abiomed, The Accelerator Fund, Allos Ventures, Birchmere Ventures, Blue Tree Ventures, Eagle Ventures, Riverfront Ventures, West Capital Advisors, and other individual investors.