Life Science Intelligence Blog

Topic/Category: Ortho/Spine, Deals

On February 11, 2022, CrossRoads Extremity Systems was acquired by DePuy Synthes, a subsidiary of Johnson & Johnson, for an undisclosed sum. According to LSI’s MedtechPro Startup Tracker from Medtech Pro, the company had raised $19.7 million in funding from Runway Growth Capital and other investors.

Last week, medtech startups raised approximately $403.8M in funding across 9 deals, in addition to other undisclosed deals that were announced. 53% of this week’s funding is attributed to a $215M Series C round raised by Enable Injections. In the past two weeks, nearly $1B has been raised by medtech startups. 

Last week, medtech startups raised approximately $82.6M in funding across 6 deals, in addition to other undisclosed deals that were announced. 

Last week, medtech startups raised approximately $358.4M in funding across 9 deals, in addition to other undisclosed deals that were announced. Following a lull in medtech startup fundraising during the holiday season, the first week of January saw an impressive surge in total funding. Approximately 80% of total funding tracked in the past week is attributed to the top three deals showcased in the table below.

With relatively few deals announced/tracked in the previous week due to the holidays, this weekly deal summary will focus on the total funding for the month of December 2021. Life Science Intelligence tracked approximately $1.2B (~$1,242M) during the month of December. Despite the massive third week of funding for the month, total medtech startup declined 25% from November 2021’s staggering $1.6B.  Over $3B in medtech startup funding was tracked in the fourth quarter of 2021.  

Last week, medtech startups raised approximately $777.6M in funding across 23 deals, in addition to other undisclosed deals that were announced. LSI tracked 4 deals that exceeded $100M individually. These deals were attributable to Route 92 (neurovascular), Cadence Solutions (telemedicine), Found (digital health), and Tasso (diagnostics). The last week represents one of the biggest weeks for medtech startup funding for the year. 

Last week, medtech startups raised approximately $124.9M in funding across 11 deals, in addition to other undisclosed deals that were announced.

Last week, medtech startups raised approximately $195M in funding across 6 deals, in addition to other undisclosed deals that were announced. Last month, LSI estimates that over $1.6B in funding was raised by medtech startups.

Last week, medtech startups raised approximately $249.9M in funding across 9 deals, in addition to other undisclosed deals that were announced.

Last week, medtech startups raised approximately $320.6M in funding across 13 deals, in addition to other undisclosed deals that were announced.