Funding round
Insightec Growth
Reported as "Growth Equity"
Insightec, which works in focused ultrasound system manufacturing in Tirat HaCarmel, raised $150M in a Growth round announced on 18 Jun 2024, led by Fidelity Management & Research Company, Nexus Neurotech Ventures and Ally Bridge Group. 9 firms took part. It is Insightec's sixth venture round on record; the one before was a Series F in Mar 2020.
$150M
Amount raised
Not disclosed
Post-money valuation
9
Investors
3 leads
Valuation
What this round says about the price
Insightec did not disclose a valuation in this round; its last disclosed one was $1.30B at the Series F (Mar 2020). It came 51 months after Insightec's Series F. It is 26% of the $570M Insightec has raised in the venture rounds on record. No later venture round is on record for Insightec.
Insightec's funding rounds
Insightec has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Debt not a venture round 9 Aug 2006 $15M
- Series B 29 Nov 2007, led by GE Equity $30M
- Series C 11 Dec 2012, led by GE Healthcare $31M
- Series D 15 Dec 2014, led by GE Healthcare $59M
- Series E 31 Jan 2018, led by Koch Disruptive Technologies $150M
- Series F 6 Mar 2020, led by Koch Disruptive Technologies $150M$1.30B post-money
- Debt not a venture round 1 Sep 2022, led by Perceptive Advisors $200M
- Growth this round 18 Jun 2024, led by Fidelity Management & Research Company, Nexus Neurotech Ventures and Ally Bridge Group $150M
Investors
Who put money in
Fidelity Management & Research Company, Nexus Neurotech Ventures and Ally Bridge Group led the round with 6 other firms.
Lead investors
- Fidelity Management & Research Company new investor
- Nexus Neurotech Ventures new investor
- backs 37 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- backs 57 venture-backed companies new investor
- Fayez Sarofim & Co. new investor
- backs 4 venture-backed companies new investor
- York Global Finance / Community Fund new investor
- backs 47 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
45 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median. The closest in time, other companies' Growth rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 11 Jun 2024 | $104M | not disclosed | Fidelity Management & Research Company |
| Medical Supply Manufacturers | 2 Jun 2024 | $58M | not disclosed | Alpha Wave Global |
| Medical Supply Manufacturers | 12 Jun 2024 | $10M | not disclosed | not named |
| Medical Supply Manufacturers | 23 Jul 2024 | $105M | not disclosed | Novo Holdings |
| Medical Supply Manufacturers | 16 May 2024 | $48M | not disclosed | Kotak Alternate Asset Managers |
| Medical Supply Manufacturers | 29 Apr 2024 | $200M | not disclosed | Tether Evo |
| Medical Supply Manufacturers | 22 Aug 2024 | $100M | not disclosed | not named |
| Medical Supply Manufacturers | 18 Apr 2024 | $57M | not disclosed | Questa Capital and Laerdal Million Lives Fund |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Insightec raise in its Growth round?
Insightec raised $150M in its Growth round, announced in Jun 2024.
Who led Insightec's Growth round?
Fidelity Management & Research Company, Nexus Neurotech Ventures and Ally Bridge Group led it, with Baillie Gifford, Catalio Capital Management, Fayez Sarofim & Co., Gilmartin Capital and York Global Finance / Community Fund and 1 more.
What was Insightec's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.30B at the Series F (Mar 2020).
How does it compare with other Growth rounds in Medical Supply Manufacturers?
45 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median.