Funding round
RefleXion Series D
RefleXion, which works in biotargeted radiotherapy technology development in Hayward, raised $80M in a Series D round announced on 10 Mar 2022, led by Ally Bridge Group. 12 firms took part. It is RefleXion's fourth venture round on record; the one before was a Series C in Apr 2018.
$80M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
RefleXion did not disclose a valuation in this round. It came 47 months after RefleXion's Series C. It is 24% of the $334M RefleXion has raised in the venture rounds on record. RefleXion raised again 20 months later: a Growth round of $105M in Nov 2023.
RefleXion's funding rounds
RefleXion has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Ally Bridge Group led the round with 11 other firms.
Lead investor
- backs 37 venture-backed companies new investor
Also in the round
- backs 83 venture-backed companies new investor
- backs 57 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- Hillenbrand Capital Partners new investor
- TPG backs 114 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- T. Rowe Price new investor
- Venrock backs 93 venture-backed companies new investor
- Pfizer Ventures 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 product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $55M, and this round was 1.5 times the median. The closest in time, other companies' Series D rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 2 Mar 2022 | $15M | not disclosed | Ceros Capital Markets |
| Medical Supply Manufacturers | 5 Apr 2022 | $40M | not disclosed | Longitude Capital |
| Medical Supply Manufacturers | 17 May 2022 | $23M | not disclosed | multi-national strategic corporation and unnamed multi-national strategic corporation |
| Medical Supply Manufacturers | 2 Aug 2022 | $100M | $620M | KIRKBI |
| Medical Supply Manufacturers | 18 Oct 2021 | $37M | not disclosed | Revelation Partners |
| Medical Supply Manufacturers | 6 Oct 2021 | $12M | not disclosed | RC Capital and Mutual Capital Partners |
| Medical Supply Manufacturers | 1 Oct 2022 | $300M | $1.30B | Nordic Capital |
| Medical Supply Manufacturers | 27 Oct 2022 | $73M | not disclosed | InnovaHealth Partners |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did RefleXion raise in its Series D round?
RefleXion raised $80M in its Series D round, announced in Mar 2022.
Who led RefleXion's Series D round?
Ally Bridge Group led it, with Ascension, Catalio Capital Management, Sixty Degree Capital, Hillenbrand Capital Partners and TPG and 6 more.
What was RefleXion's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Medical Supply Manufacturers?
19 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $55M, and this round was 1.5 times the median.
Did RefleXion raise again after this round?
Yes: a Growth round in Nov 2023 of $105M.