Get these analyses to your inbox — https://axialfc.substack.com/ This is a newsletter for new financing events with some simple analysis. More well thought out work can be found at — https://axial.substack.com/
Axial invests and partners in early-stage life sciences companies. If you or someone you know has a great idea or company in life sciences, Axial would be excited to get to know you and possibly invest in your vision and company — info@axialsprawl.com
Life Sciences Financings and Commentary #12 — June 13, 2020 — June 19, 2020
Financings
Number of deals: 17 & Total capital invested: $1.01B
- Augmedics raised $15M led by their own employees. This is gutsy. The employees raised a fund called AUG Management, LLC to invest in the company. Augmedics is building a AR spinal surgery tool called xVision; they already have FDA approval and need to get buy-in from surgeons and networks.
- Big Health raised $39M co-led by Gilde Healthcare and Morningside Ventures to build a digital health product for mental health: Sleepio to improve sleep and Daylight for anxiety management.
- BIOMILQ raised $3.5M led by Breakthrough Energy Ventures to developed cultured infant formula.
- Bit Bio raised $41.5M from Foresite Capital, Blueyard Capital, ARCH, and Richard Klausner to scale their iPSC engineering platform for…
