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electroCore raises $50 mln from investor group

electroCore, which has developed non-invasive therapy for treatment of conditions in neurology, psychiatry, gastroenterology, among others, has raised $50 million from investors including Merck’s Global Health Innovation Fund, Easton Capital and Core Ventures. electroCore’s primary focus at present is cluster and migraine headaches.

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MedCPU closes $9.3 mln Series B funding

MedCPU, Inc., which provides real-time clinical decision support services, has closed a $9.3 million Series B funding. Investors in the funding round include Merck Global Health Innovation Fund, Easton Capital Investment Group and New Richmond Ventures.

AdvanDx raises $12mln for expansion

AdvanDx has closed a $12 million financing led by Merck Global Health Innovation Fund with participation from existing investors SLS Ventures AB and LD Pensions. The Series B-1 financing will be used to fund the expansion of AdvanDx’s molecular diagnostic product offerings, as well as its sales and marketing presence in the US and internationally.

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Next-generation corporate VCs are here to stay

There are three main reasons why next-generation corporate VCs who are practicing today are fundamentally different from their predecessors, and why they will be a driving force in the venture industry for many years to come, says guest columnist William Taranto, president of Merck Global Health Innovation Fund.

Medivo Raises $15 Million to Expand Health Monitoring Platform

Medivo, a New York-based online health monitoring platform, has raised $15 million in Series B financing led by the Merck Global Health Innovation Fund, with participation from existing investors Safeguard Scientifics and MentorTech Ventures. To date, the company has raised more than $22 million.

Daktari Diagnostics Inks $10M

Cambridge, Mass.-based Daktari Diagnostics Inc. has raised $10 million in a staged financing round, the company announced recently. The financing for Daktari—which makes point-of-care diagnostic systems for the developing world—was led by Merck Global Health Innovation Fund. Norwich Ventures and the Partners Innovation Fund also contributed. The money will help complete development and bring to market the company’s initial products, intended for use in monitoring HIV patients worldwide.

Aviir Seals Agreement for Up to $30M in Funding

Irvine, Calif.-based biotech company Aviir Inc. announced Tuesday that it had sealed an agreement with investors to raise up to $30 million. The financing includes an initial investment of $10 million and future investments of up to $20 million upon achieving certain milestones. Merck Global Health Innovation Fund led the round. Current investors Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners also participated.

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