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Funding: Medtech VC jumps in Q2, but not for early-stage companies

August 27, 2014 by Arezu Sarvestani

Total venture capital dollars invested in medical device companies jumped more than 20% during the 2nd quarter, but early-stage companies are still out in the cold.

Life science venture capital funding saw a major boost in the 2nd quarter as public markets smiled on biotech companies, but medical device makers saw a significant boost of their own – as long as they weren’t early-stage firms.

Device makers collected $649 million during Q2 2014, a 23% bump over the same period last year, according to a new report from PricewaterhouseCoopers. The number of deals decreased to 73, down year-over-year from 77 deals reported in Q2 2013.

Late-stage deals saw most of the funding as the early-stage drought continued in medtech.

Early-stage funding amounted to $169 million in 24 deals, representing a 10% decrease year over year and a 22% decrease quarter-over-quarter. Average funding size for early-stage deals was $7.1 million.

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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