Disrupted Healthcare – 15 Deals and Investments This Week

VC Deals (12 deals, $273M)

Akarna Therapeutics Ltd., a developer of small molecule therapeutics that target inflammatory and fibrotic diseases for which there are no approved treatments, has raised $15 million in Series B funding. Forbion Capital Partners was joined by return backers New Science Ventures and Third Point Ventures. The company has offices in the UK and San Diego

Synlogic, a Cambridge, Mass.-based developer of medicines based on a synthetic biology and microbiome platform, has raised $40 million in Series B funding.OrbiMed led the round, and was joined by Deerfield Management and return backers Atlas Venture and NEA

Cala Health, a Burlingame, Calif.-based neuroscience startup, has raised $18 million in VC funding, according to a regulatory filing. Backers include Johnson & Johnson Development Corp., Lux Capital, Google Ventures, Lightstone Ventures, DRX Capital and Action Potential Venture Capital

Hometeam, a New York-based provider of home care solutions to older adults, has raised $5 million in strategic funding from Kaiser Permanente, according to Fortune. Hometeam previously raised $38.5 million from firms like Oak HC/FT, Lux Capital, IA Ventures, and Recruit Strategic Partners

PokitDok Inc., a San Mateo, Calif.-based healthcare API platform, has raised an undisclosed amount of strategic funding from McKersson Ventures. The company previously raised more than $38 million from firms like New Atlantic Ventures, Rogers Venture Partners, Lemhi Ventures and Subtraction Capital

Pliant Therapeutics Inc., a Redwood City, Calif.-based developer of new therapies to treat the pathologic process of fibrotic disorders, has been formed via $45 million in Series A funding led by Third Rock Ventures

Corvidia Therapeutics, a Boston-based developer of precision cardiovascular therapies, has raised $26 million in Series A funding co-led by Sofinnova Partnersand Apple Tree Partners

Effector Therapeutics, a San Diego-based developer of translation regulators for the treatment of cancer, has raised $16 million in new Series B funding from Sectoral Asset Management. The round total is now $56 million, including a $40 million December 2015 close led by Altitude Life Science Ventures

Opternative Inc., a Chicago-based provider of online refractive eye exam services, has raised $6 million in Series A funding. Jump Capital led the round, and was joined by Tribeca Venture Partners, Pritzker Group Venture Capital, Chicago Ventures, Craig Duchossois, Corazon Capital and NextGen Venture Partners

Constant Therapy raises $1.9M for mobile-enabled brain rehabilitation tool. Existing investors include Boston University, TiE Angels Boston and serial entrepreneur Andy Palmer

Switzerland’s MindMaze gets $100M to bring virtual reality therapy for stroke patients to US. The Hinduja Group, a global conglomerate, led the round.

PE Deals (1 deal)

Roark Capital Group has made a growth equity investment in Orangetheory Fitness, a Durham, N.C.-based chain of fitness clubs. No financial terms were disclosed

IPO Deals (1 deal)

3i Group is considering an IPO for Dutch fitness club chain Basic-Fit, according to Bloomberg. The float could value the company at around $1.1 billion

Other Deals (2 deals)

Stryker Corp. (NYSE: SYK) has agreed to acquire Physio-Control International Inc., a Redmond, Wash.-based maker of medical devices like automated external defibrillators, for $1.28 billion in cash from Bain Capital

IBM (NYSE: IBM) has agreed to acquire Truven Health Analytics, an Ann Arbor, Mich.-based provider of healthcare data to hospitals and physicians, from Veritas Capital for $2.6 billion. Veritas had purchased the company from Thomson Reuters for $1.25 billion in 2012, and reportedly had considered a 2015 IPO

Pfizer Consumer Care, a division of Pfizer, has partnered with education company Galvanize to launch a healthtech accelerator.

Sources: Term Sheet, Financial Times, StrictlyVC, TechinAsia, CrunchBase, TechCrunch, Bloomberg, MobiHealthNews

The Propell Group

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