Funding round
RefleXion Series C
RefleXion, which works in biotargeted radiotherapy technology development in Hayward, raised $100M in a Series C round announced on 4 Apr 2018, led by TPG. 8 firms took part. It is RefleXion's third venture round on record; the one before was a Series B in Jul 2016.
$100M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
RefleXion did not disclose a valuation in this round. It came 21 months after RefleXion's Series B. It is 30% of the $334M RefleXion has raised in the venture rounds on record. RefleXion raised again 47 months later: a Series D round of $80M in Mar 2022.
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 7 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- T. Rowe Price Associates, Inc. new investor
- backs 5 venture-backed companies new investor
- backs 102 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Venrock backs 93 venture-backed companies new investor
- Pfizer Venture Investments new investor
- Johnson & Johnson Innovation – JJDC Inc. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
27 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $25M, and this round was 4.0 times the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 26 Apr 2018 | $70M | not disclosed | Deerfield |
| Medical Supply Manufacturers | 16 Apr 2018 | $34M | not disclosed | Sofinnova Partners |
| Medical Supply Manufacturers | 8 Apr 2018 | $14M | not disclosed | not named |
| WHOOP Medical Supply Manufacturers | 6 Mar 2018 | $25M | not disclosed | UAE71 Capital |
| Medical Supply Manufacturers | 28 Mar 2018 | $21M | not disclosed | Pierangelo Bottinelli |
| Medical Supply Manufacturers | 2 May 2018 | $15M | not disclosed | Wildcat Capital Management |
| Medical Supply Manufacturers | 8 Jan 2018 | $65M | not disclosed | New Enterprise Associates |
| Medical Supply Manufacturers | 30 Jan 2018 | $50M | not disclosed | Gilde Healthcare |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did RefleXion raise in its Series C round?
RefleXion raised $100M in its Series C round, announced in Apr 2018.
Who led RefleXion's Series C round?
TPG led it, with T. Rowe Price Associates, Inc., GT Capital, Sofinnova Partners, KCK Financial Services and Venrock and 2 more.
What was RefleXion's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
27 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $25M, and this round was 4.0 times the median.
Did RefleXion raise again after this round?
Yes: a Series D round in Mar 2022 of $80M.