Total medical devices industry venture financing deals worth $527.4m were announced in the US in October 2022, led by $70m venture financing of Prenuvo, according to GlobalData’s deals database.
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The value marked a decrease of 30.7% over the previous month of $760.5m and a drop of 57.8% when compared with the last 12-month average of $1.25bn.
The US held a 56.71% share of the global medical devices industry venture financing deal value that totalled $929.98m in October 2022.
In terms of venture financing deal activity, the US recorded 61 deals during October 2022, marking a decrease of 18.67% over the previous month and a drop of 19.74% over the 12-month average.
US medical devices industry venture financing deals in October 2022: Top deals
The top five medical devices industry venture financing deals accounted for 42.7% of the overall value during October 2022.
The combined value of the top five medical devices venture financing deals stood at $225m, against the overall value of $527.4m recorded for the month.
The top five medical devices industry venture financing deals of October 2022 tracked by GlobalData were:
1) Anne Wojcicki, Cindy Crawford, Eric Schmidt, Felicis Ventures, Rande Gerber, Timothy A. Springer and Tony Fadell’s $70m venture financing deal with Prenuvo
2) The $40m venture financing of Radiomedix by Portland Investment Counsel
3) Deerfield Management Co and Foresite Capital Management’s $40m venture financing deal with Pleno
4) The $40m venture financing of Neocis by DFJ Growth Fund, Fred Moll, Intuitive Ventures Fund I, Mithril Capital Management, Norwest Venture Partners and Vivo Capital
5) Birchview Capital and InnovaHealth Partners’s $35m venture financing deal with Monteris Medical
