Life Sciences Financings and Commentary #6

Axial
4 min readMay 8, 2020

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 #6 — May 2, 2020 — May 8, 2020

Financings

Number of deals: 15 & Total capital invested: ~$1.2B

- Braid Health raised $9M led by Lux Capital to improve radiology analysis and workflow. PathAI is the behemoth here.

- Every Mother raised $1.5M led by Courtside Ventures to develop a fitness program for pre/post-natal women.

- First Dollar raised $5M led by Next Coast Ventures to scale up their HSA product.

- Genetesis raised $9.2M from CincyTech, Ohio Innovation Fund, and Mark Cuban to continue development of their CardioFlux product to measure the magnetic fields produced by the heart for non-invasive diagnostics.

- GRAIL raised $390M led by the Public Sector Pension Investment Board and Canada Pension Plan Investment Board to continue the company’s work around pan-cancer early-detection…

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