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Report: Medtech draws $814m from VCs during Q2

Friday, July 17, 2015   (0 Comments)
Posted by: Angela King
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Venture capitalists put nearly $814 million into the medical device sector during the 2nd quarter, closing 75 deals for an average value of $10.8 million, according to the MoneyTree report.

The $813.7 million VCs dropped on medtech last quarter is 22.0% jump over Q2 2014, according to the report, which is compiled by PricewaterhouseCoopers and the National Venture Capital Assn., using data from Thomson Reuters. And its a 71.0% gain over the 1st quarter this year, when VCs put just $475.9 million into 72 deals.

Overall, VCs invested $17.5 billion in 1,189 deals during the quarter of 2015, up 30% in dollars and 13% in deals compared with Q1, according to the report.

“In addition to a significant uptick in total investing in Q2, the $7.3 billion invested in software companies exceeded the total VC dollars invested across all industries in 51 of the last 82 quarters,” PwC U.S. venture capital leader Tom Ciccolella said in prepared remarks. “We saw 26 megadeals (deals $100 million or greater) in Q2, including yet another billion-dollar investment. After seeing the very first billion-dollar VC investment in Q1 of last year, we now count 4 of the last 5 quarters with companies receiving billion-dollar investments, adding to the ever-growing herd of unicorns which is approaching triple digits. Given the current pace of investing, VC in 2015 is on track to well exceed the $50 billion invested in all of 2014.”

“Driven by a strengthening fundraising environment, the venture ecosystem deployed more capital to the innovation economy in the 2nd quarter than any period in the last 15 years. While this uptick can be partly attributed to non-traditional investors joining funding rounds, venture continues to lead the way in deploying capital to the most promising new technologies and companies,” added NVCA president Bobby Franklin. “With software companies continuing to disrupt entrenched industries and in some cases creating new industries all together, venture investment into the sector increased 30% from the 1st quarter to $7.3 billion, marking the highest total investment into software companies since the inception of the MoneyTree report in 1995. As valuations increase and more and more companies choose to stay private longer, we are likely to see software’s share of total venture investment continue to rise.”

Source: Mass Device.

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