Funding round
RefleXion Growth
Reported as "Growth Equity"
RefleXion, which works in biotargeted radiotherapy technology development in Hayward, raised $105M in a Growth round announced on 15 Nov 2023, led by TPG. 10 firms took part. It is RefleXion's fifth venture round on record; the one before was a Series D in Mar 2022.
$105M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
RefleXion did not disclose a valuation in this round. It came 20 months after RefleXion's Series D. It is 31% of the $334M RefleXion has raised in the venture rounds on record. No later venture round is on record for RefleXion.
RefleXion's funding rounds
RefleXion has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
TPG led the round with 9 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- Pictet new investor
- Square Point Capital new investor
- backs 37 venture-backed companies new investor
- Pfizer Ventures new investor
- Johnson & Johnson Innovation (JJDC Inc.) new investor
- T. Rowe Price Associates, Inc. new investor
- Venrock backs 93 venture-backed companies new investor
- backs 57 venture-backed companies new investor
- Hillenbrand 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
33 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $48M, and this round was 2.2 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 | 29 Nov 2023 | $41M | not disclosed | not named |
| Medical Supply Manufacturers | 22 Nov 2023 | undisclosed | not disclosed | NorthCreek and Parkway Partners |
| Medical Supply Manufacturers | 31 Oct 2023 | $25M | not disclosed | not named |
| Medical Supply Manufacturers | 30 Oct 2023 | undisclosed | not disclosed | Keensight Capital |
| CMR Surgical Medical Supply Manufacturers | 20 Sep 2023 | $165M | not disclosed | not named |
| Medical Supply Manufacturers | 17 Jan 2024 | $75M | not disclosed | Novo Holdings |
| Medical Supply Manufacturers | 24 Jan 2024 | $30M | not disclosed | not named |
| Medical Supply Manufacturers | 27 Sep 2023 | $28M | not disclosed | MVM Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did RefleXion raise in its Growth round?
RefleXion raised $105M in its Growth round, announced in Nov 2023.
Who led RefleXion's Growth round?
TPG led it, with Pictet, Square Point Capital, Ally Bridge Group, Pfizer Ventures and Johnson & Johnson Innovation (JJDC Inc.) and 4 more.
What was RefleXion's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Medical Supply Manufacturers?
33 Growth rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $48M, and this round was 2.2 times the median.