133 Views

Canaan Partners backs DICOM Grid

DICOM Grid has raised $6 million in funding. The investors included Canaan Partners, CHL Medical Partners and Mayo Clinic. Based in Phoenix, Arizona, DICOM Grid is a digital medical imaging platform.

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Chrono Therapeutics snags $32 mln Series A

Digital drug products provider Chrono Therapeutics has closed $32 million in Series A financing. Canaan Partners and 5AM Ventures led the round with participation from Fountain Healthcare Partners, Mayo Clinic and GE Ventures. In conjunction with the funding, Wende Hutton, general partner at Canaan Partners, Jim Young of 5AM Ventures and Aidan King of Fountain, have been named to Chrono’s board of directors.

Seres Health pulls in $10 mln Series B

Seres Health said Monday that it has received $10 million in Series B funding. The investors included Flagship Ventures, Enso Ventures, Mayo Clinic and Alexandria Venture Investments. Based in Cambridge, Mass., Seres Health is a clinical stage biotherapeutic company focused on developing drugs that target the human microbiome.

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Assurex Health secures $32 mln financing

Assurex Health has secured a $25 million term and revolving credit facility. GE Capital, Healthcare Financial Services, acting as agent, and Silicon Valley Bank financed the credit facility. Existing investors Sequoia Capital, Claremont Creek Ventures, Mayo Clinic, Cincinnati Children’s Hospital Medical Center, CincyTech, Allos Ventures, Four Rivers Partners, Danmar Capital, and jVen Capital, provided an additional $7 million to complete the $32 million financing. Assurex Health is a neuropsychiatric personalized medicine company.

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Qiming Venture Partners closes $500 mln for fourth fund

China-based venture firm Qiming Venture Partners said Thursday that it has raised $500 million for its fourth fund. The pool’s LPs include Princeton University, Robert Wood Johnson Foundation, NYU, Pantheon, Commonfund, Emerald Hill, Mayo Clinic, MIT and University of Pittsburgh Medical Center.

AssureRx Health Seals Debt Financing

Mason, Ohio-based AssureRx Health Inc. has sealed $8 million in debt financing from Silicon Valley Bank. The funds will be used to provide working capital and finance new product launches, the company said in a written released. The credit line follows an $11 million Series B round, which closed last year. The company is backed by investors including Claremont Creek Ventures, Sequoia Capital, Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech and Allos Ventures.

Nevro Inks $58M For Chronic Pain Treatment

Menlo Park, Calif.-based Nevro Corp., a neuromodulation company focused on relief of chronic pain, has sealed a whopping $58 million round led by new investor Johnson & Johnson Development Corporation. Existing shareholders Aberdare Ventures, Accuitive Medical Ventures, Bay City Capital, Mayo Clinic, MPM Capital and Three Arch Partners also participated. The money will go toward a clinical study in the US and to support the company’s commercialization strategy.

China’s Wuhan Kindstar Gets $11M Infusion

China’s Wuhan Kindstar Diagnostics Co. has raised $11 million in Series B financing led by WI Harper Group, Baird Capital Partners Asia, Morningside Ventures and Mayo Clinic. Formed in 2003, Wuhan Kindstar provides laboratory testing services to over 2,000 Chinese hospitals. The company previously raised an undisclosed amount in Series A financing in 2008 from Morningside Ventures.

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