Funding round
RefleXion Series A
RefleXion, which works in biotargeted radiotherapy technology development in Hayward, raised $12M in a Series A round announced on 3 Apr 2014, led by Sofinnova Partners. 3 firms took part. It is RefleXion's first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
RefleXion did not disclose a valuation in this round. It is RefleXion's first venture round on record, 5 years after it was founded in 2009. It is 3.5% of the $334M RefleXion has raised in the venture rounds on record. RefleXion raised again 27 months later: a Series B round of $37M in Jul 2016.
RefleXion's funding rounds
RefleXion has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Sofinnova Partners led the round with 2 other firms.
Lead investor
- backs 102 venture-backed companies new investor
Also in the round
- Pfizer Venture Investments new investor
- Venrock backs 93 venture-backed companies new investor
Joined the board: Antoine Papiernik (Sofinnova Partners), Bill Burkoth (Pfizer Venture Investments) and Colin Cahill (Venrock).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
20 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $7.8M, and this round was 1.5 times the median. The closest in time, other companies' Series A rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 6 May 2014 | $9.0M | not disclosed | Peppermint Venture Partners |
| Medical Supply Manufacturers | 16 May 2014 | $8.1M | not disclosed | Venture Investors |
| Medical Supply Manufacturers | 26 May 2014 | $3.0M | not disclosed | not named |
| Medical Supply Manufacturers | 21 Feb 2014 | $2.0M | not disclosed | not named |
| Medical Supply Manufacturers | 30 Jul 2014 | $4.5M | not disclosed | Targeted Technology |
| Medical Supply Manufacturers | 23 Dec 2013 | $1.1M | not disclosed | not named |
| Medical Supply Manufacturers | 19 Sep 2014 | $25M | not disclosed | not named |
| Medical Supply Manufacturers | 2 Sep 2014 | $11M | not disclosed | Innovation Network Corporation of Japan |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did RefleXion raise in its Series A round?
RefleXion raised $12M in its Series A round, announced in Apr 2014.
Who led RefleXion's Series A round?
Sofinnova Partners led it, with Pfizer Venture Investments and Venrock.
What was RefleXion's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Medical Supply Manufacturers?
20 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $7.8M, and this round was 1.5 times the median.
Did RefleXion raise again after this round?
Yes: a Series B round in Jul 2016 of $37M.