Funding round
Insightec Series B
Insightec, which works in focused ultrasound system manufacturing in Tirat HaCarmel, raised $30M in a Series B round announced on 29 Nov 2007, led by GE Equity. 3 firms took part. It is Insightec's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Insightec did not disclose a valuation in this round. It is Insightec's first venture round on record, 8 years after it was founded in 1999. It is 5.3% of the $570M Insightec has raised in the venture rounds on record. Insightec raised again 61 months later: a Series C round of $31M in Dec 2012. Its next priced round, a Series F in Mar 2020, valued it at $1.30B.
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 this round 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 18 Jun 2024, led by Fidelity Management & Research Company, Nexus Neurotech Ventures and Ally Bridge Group $150M
Investors
Who put money in
GE Equity led the round with 2 other firms.
Lead investor
- GE Equity new investor
Also in the round
- Elbit Imaging new investor
- MediTech Advisors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Medical Supply Manufacturers, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 1 Apr 2008 | $11M | not disclosed | not named |
| Medical Supply Manufacturers | 6 Oct 2008 | $7.5M | not disclosed | RC Capital |
| Digital & Marketing Agencies | 7 Nov 2007 | $10M | not disclosed | not named |
| Electronical Components Manufacturing | 12 Dec 2007 | $10M | not disclosed | not named |
| Media Companies | 19 Dec 2007 | $10M | not disclosed | Softbank Capital |
| Tech Companies | 4 Dec 2007 | $7.0M | not disclosed | Constellation Ventures |
| Financial Services | 18 Sep 2007 | $100M | not disclosed | New Enterprise Associates |
| Automattic Tech Companies | 22 Jan 2008 | $30M | not disclosed | Polaris Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Insightec raise in its Series B round?
Insightec raised $30M in its Series B round, announced in Nov 2007.
Who led Insightec's Series B round?
GE Equity led it, with Elbit Imaging and MediTech Advisors.
What was Insightec's valuation at the Series B round?
It was not disclosed.
Did Insightec raise again after this round?
Yes: a Series C round in Dec 2012 of $31M.