SkinIO, a healthcare technology company that offers skin cancer screening and tracking, has raised $1.4 million USD through a private offering of securities.
Massive Bio, Inc., a leader in precision medicine and artificial intelligence (AI) enabled patient centric clinical trial enrollment, today announced a $2.6 million round of funding led by Revo Capital with additional participation from Cavendish Impact Foundation (CIF), through their donor advised fund at ImpactAssets. The investment brings Massive Bio�s total funding since launch to $6.6 million and will enable the biotechnology company to scale to meet the demand in the U.S. and overseas for its oncology clinical trial recruitment platform solutions. The financing round builds on an exceptional year for Massive Bio which saw a rapidly growing roster of clients across the pharmaceutical company and contract research organization (CRO) industry globally, and exponential demand which was further accelerated by COVID-19.
Cota Health, an oncology-focused data curation and big data analytics platform, today raised $10 million in the form of a convertible loan from Varian Medical Technology. Under the agreement, Varian will offer its customers access to Cota�s services and Cota will help Varian aggregate real-world evidence into a knowledge base for creating decision support and other tools. With the infusion of capital from Varian, Cota has raised a total of $75 million, $20 million of which is from Varian. Cota says it has 70 U.S. employees, with 150 additional offshore clinical staffing resources, and it plans to double that headcount within a year.
COTA, Inc., a Boston, MA-based healthcare technology company that uses real-world data to bring clarity to cancer care, today announced it has raised $34 million in Series D funding led by Baptist Health South Florida and ONC Capital with participation from EW Healthcare, Horizon BCBS and other existing investors. This also includes a $20M investment from Varian, who negotiated an option to acquire COTA at a later date.
Outcomes4Me Inc., developer of a free mobile app and platform to navigate cancer treatment and care, today announced that it has raised $4.7 million in funding, led by Asset Management Ventures with participation from Sierra Ventures, Merstal Ltd. and others. A portion of the funding includes federal funds from the National Cancer Institute. The company will use the funding to expand its reach to address a variety of cancers beyond the more than 10,000 current breast cancer patients who have been using the app in the past year.
The Chicago-based company announced the series G-2 round on Thursday, which includes a massive valuation of $8.1 billion. Lefkofsky, the founder of multiple companies including Groupon, also saw his net worth rise from the financing, from an estimated $3.2 billion to an estimated $4.2 billion. Tempus, founded by Lefkofsky in 2015, is one of a new breed of personalized cancer diagnostic companies like Foundation Medicine and Guardant Health. The company's main source of revenue comes from sequencing the genome of cancer patients' tumors in order to help doctors decide which treatments would be most effective.
Winston & Strawn represented Tempus Labs, a Chicago-based leader in artificial intelligence and precision medicine, in its $200 million Series G-2 financing and $250 million convertible debt financing. Investors include Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and funds and accounts managed by T. Rowe Price. With these investments, Tempus has now raised around $1.05 billion.
Syapse, a leading real-world evidence company accelerating the delivery of precision medicine through the Syapse Learning Health NetworkTM, today announced the closing of a $68 million growth equity investment to expand Syapse's focus on providing real-world insights to partners and assist them in improving outcomes for people with cancer. The investment is led by Ally Bridge Group (ABG), with Northpond Ventures and existing investors also participating in the financing. Andrea Jackson, Director for Northpond Ventures, will be joining the Syapse Board of Directors.
Veracyte, Inc. (Nasdaq: VCYT) (the �Company�) today announced the pricing of an underwritten public offering of 7,432,433 shares of its common stock at a public offering price of $74.00 per share. The gross proceeds to the Company from this offering, before deducting underwriting discounts and commissions and offering expenses payable by Veracyte, are expected to be approximately $550 million. The public offering was upsized from the previously announced size of $400 million in shares of common stock. All of the shares are being offered by the Company. The offering is expected to close on or about February 9, 2021, subject to customary closing conditions.
Blue Note Therapeutics, a clinical-stage biotechnology company focused on developing non-invasive treatments for neurological and psychiatric disorders, has raised $15.5 million USD through a private offering of securities.