Tech.Co Deals Roundup: Healthcare Tech Funding is on Fire

September 25, 2015

3:00 pm

Welcome to Friday everybody. In today’s Tech.Co deals roundup we chose to feature some amazing companies innovating in the healthcare field – there’s been an influx of funding surrounding the sector of the last few weeks. Specifically, investors have been paying attention to Auris Surgical Robotics’ microsurgical system, LifeImage’s platform for exchanging medical images, and Replimune’s viral cancer therapy.

On the polar opposite side of the spectrum was news coming from the world of fantasy football. The daily fantasy sites, FanDuel and DraftKings, have been a hot button item these days as they try to cement themselves as staples in the industry before gambling legislation catches up to them.

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Funding

Auris Surgical Robotics Raises $150 Million in Equity Funding

The Peter Thiel backed Auris Surgical Robotics has developed a dual-arm microsurgical system for ophthalmic surgery, and it helped them raise $150 million in new equity funding. According to sources, Auris was led by public-market investor at a post money valuation of more than $600 million.

lifeIMAGE Follows on $17.5 Million With a New $5 Million Round

lifeIMAGE announced that they’ve raised $5 million in new funding from Zaffre Investments for their medical image exchange platform. Zaffre is the investments arm of Blue Cross Blue Sheild of Massachusetts, and the new funding follows closely on a $17.5 million round lifeIMAGE received in May from Cambia Health Solutions.

Replimune Reels in a $30 Million Series A

Replimune might only be a few months old, but the company just raised $30 million for their Series A round: Atlas Ventures led the round with added participation from Forbion Capital Partners and Omega Funds. The Oxford based company is working on developing a new approach towards viral cancer therapy.

Acquisitions

FanDuel Moves to Acquire AlphaDraft

DraftKings recently announced that they would be offering fantasy competitions based around the esports and competitive video gaming industries. When FanDuel heard about that, they didn’t hesitate to acquire AlphaDraft, a site that already offers fantasy contests aimed at the market segment. While there were no terms of the deal disclosed, AlphaDraft had previously raised $5 million from a group of investors and Recode is reporting that it’s been sold for under $25 million.

Image Credit: Wikipedia

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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