🚀 Good morning. Here is Matt’s funding and deal summary for Monday morning. Some interesting news across medical devices, biotech and climate tech, including neuroscience, ultrasound, ADCs and battery technology.
🔔 Boston Scientific has led a $175 million funding round for the mitral valve developer 4C Medical, which is currently working on an international pivotal study.
🔔 Jazz Pharmaceuticals has drummed up a deal in double time, agreeing to buy Chimerix for $935 million just days after its CEO voiced an interest in diversifying the pipeline. Buying Chimerix will give Jazz control of the brain cancer drug candidate dordaviprone
🔔 Boston Scientific is diving into the field of renal denervation, with a $540 million deal for SoniVie and its ultrasound-based therapy for stubbornly high blood pressure.
🔔 Scotland-based uFraction8 announced that it has raised £3.4 million (US$4.4 million) in funding to further commercialize its microfiltration technology. This latest investment was led by Foresight Group
🔔 Investment company Frazier Life Sciences has launched the virtual ADC company Callio Therapeutics Inc by licencing Hummingbird Bioscience’s TopDDRive dual payload ADC technology and co-leading a US$187m financing
🔔 Avalo—a startup deploying interpretable artificial intelligence to develop climate resilient crops—has raised an $11 million Series A round and entered into a partnership with CCEP to futureproof its sugarcane supply chain and reduce scope 3 emissions.
🔔 Just over a year after being replaced as CEO of the battery startup Our Next Energy (ONE), Mujeeb Ijaz is back at the helm. Alongside this news, the company announced the close of a new funding round led by Crescent Ventures and Trousdale Ventures.
🔔 French-based Renaissance Fusion raises €32M to radically simplify complex fusion reactors
🔔 UK-based Epoch Biodesign Secures €17 Million to Transform Plastic Waste into a Circular Economy Breakthrough
🔔 Amsterdam-based Moonwatt, an energy storage startup with ambitious plans to redefine solar power, has successfully raised €8 million to accelerate its breakthrough sodium-ion battery system
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