“Rare disease is becoming an increasing area of focus in the pharmaceutical industry, with a market size estimated to reach $169B by 2022.” -CB Insight
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IN PIPELINE – HEALTHCARE DEALS 08-30-2018
• RootPath, a Cambridge-based biotechnology developing personalized T cell therapies for cancer, raised $7 million in seed funding. Sequoia Chinaled the round, and was joined by investors including Volcanics Venture, BV (Baidu Ventures) and Nest.Bio Ventures.
• Nebula Genomics, a San Francisco and Boston-based human genome sequencing and health big data company, raised $4.3 million in seed funding. Investors include Khosla Ventures, Arch Venture Partners, Fenbushi Capital, Mayfield, F-Prime Capital Partners, Great Point Ventures, Windham Venture Partners, Hemi Ventures, Mirae Asset, Hikma Ventures and Heartbeat Labs.
• Nanovis, a seller of nano-technology enhanced spinal implants, raised $5.5 million in funding. Investors include Elevate Ventures, 1st Source Capital Corporation, Purdue’s Foundry Investment Fund, Commenda Capital and Ellipsis Ventures.
• Harbour BioMed, a China-based biopharmaceutical company, raised $85 million in Series B funding. GIC Private Ltd led the round, and was joined by investors including China Life Private Equity Investment Co, Vertex Ventures, AdvanTech and Legend Capital.