Gilde Healthcare closes $658M fund to invest in North American and European healthcare startups

Plus: Raxio Data Centers raises $170M to provide advanced data center operations in Africa

Inside.com Part of   Network April 20, 2023

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Gilde Healthcare has closed a $658M fund to invest in North American and European healthcare startups. The company has $2.7B worth of assets under management. More: The fund, officially named Gilde Healthcare Venture & Growth VI, was backed by corporates, banks, pension funds, insurers, fund-of-funds, sovereign wealth funds, endowments, family offices, entrepreneurs, and company employees. Gilde Healthcare will invest anywhere from $10M to $17M per company. Since 2001, the company has raised around $900M. Founded in 1982, the company has invested in over 60 companies. Gilde has had several portfolio companies successfully exit, some of which are: Ablynx, Acacia Pharma, Agendia, BG Medicine, Axonis Modulation, BionX. The firm is based in Utrecht, Netherlands, and has additional offices in the U.S. and Germany.

Raxio Data Centers has raised a $170M debt funding round to provide advanced data center operations in Africa. The company claims to have the broadest geographic reach of any data center operator in Africa. More: Raxio Data Centers aims to become the leading carrier-neutral Tier III data center operator in Africa and become the go-to data company for the digital economy in Africa. Raxio currently operates in: Tanzania, Uganda, Ethiopia, Mozambique, Angola, the Democratic Republic of the Congo, and Côte d’Ivoire. The Emerging Africa Infrastructure Fund and Proparco co-led the funding round, investing a total of $110M. The company says it aims to use this funding to expand into new markets in Africa and invest in new facilities. In addition to its headquarters in Amsterdam, the company has offices in Dubai and Nairobi.

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Noah Medical has raised a $150M Series B round from SoftBank to provide robotic medical devices that detect diseases in their early-stage. The company is based in San Carlos, California. More: Noah Medical sells medical robots such as its proprietary Galaxy System. This product has integrated tomosynthesis and augmented fluoroscopy, a single-use bronchoscope, and a small footprint to enable improved procedural workflow across the lung biopsy market. The solution is FDA-approved and has already been used at Macquarie University Hospital in Sydney, Australia. Softbank Vision Fund and Prosperity7 Ventures led the funding round, with participation from Tiger Global, Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, AME cloud ventures, and undisclosed investors. The company said it would deploy the funds to scale the Galaxy System.

Whisper Aero raised a $32M Series A round to bring silent drones to the market. The company has contracts with the U.S. Army, U.S. Air Force, and the U.S. Special Operations Command. More: Menlo Ventures, EVE Atlas, Capricorn Investment Group, and Connor Capital led the funding round, with participation from Kindred Ventures, Abstract Ventures, Moving Capital, AeroX Ventures, Cosmos Ventures, Linse Capital, and LaunchTN. The company aims to use the funding to expand operations and invest in developing its flagship product line. Since its inception in 2020, the company has raised $40M. The company is based in Crossville, Tennesee.

💵 Today's funding: Cybersecurity Avalor (Israel), a cybersecurity company focused on data management: $30M Seed and A led by TCV and Cyberstarts with participation from Salesforce Ventures and Jibe Ventures. Hardware  E-magy (Netherlands), aims to increase the storage capacity of lithium-ion batteries: $22.4M from Hydro, Invest-NL, Rubio, SHIFT Invest, and PDENH. Food tech KoRo (Germany), a food tech startup that offers healthy snack alternatives: $21M B extension from SevenVentures, Associated British Foods, the Haub Legacy Ventures, HV Capital, Five Seasons Ventures, and Partech. Gaming Goals (Sweden), a remote-first AAA game development studio: $20M A led by Seven Seven Six with participation from Northzone. SaaS Lexion (Washington), a contract management and operations workflow platform: $20M B led by Point72 Ventures, with participation from Citi Ventures, Khosla Ventures, Madrona Venture Group, and angel investors. Healthcare tech Gather Health (Massachusetts), provides primary care solutions for older adults: $15M A led by Khosla Ventures, Maverick Ventures, and Commonwealth Care Alliance. Artificial Intelligence Groundlight (Washington), a visual understanding service based on natural language: $10M Growth led by Madrona, with participation from Greycroft Partners, Founders Co-op, Flying Fish, AscendVC, and EssenceVC.

Quick Hits: Miro provides a collection of 300+ ready-made templates that give every team the ability to communicate, create, and collaborate in seconds.* EcoSoul Home, a Washington-based company that provides eco-friendly home products, has raised a $10M funding round led by Accel with participation from Singh Capital Partners. Evermile, a U.K. startup that aims to help small business improve their logistics, has raised a $6M Seed round. TiiCKER, a Michigan-based company that offers a unified financial platform for buying stocks and collecting rewards, has raised $5M in a Seed funding round led by Baysore Advisory Group, Red Cedar Ventures, and Flipturn Ventures. Trustible, a Washington-based company that helps organizations implement responsible AI governance, raised $1.5M in a funding round led by Harlem Capital. Focus your reps on the right deal at the right time. Read the report to see how revenue intelligence helps you find success now.* *This is sponsored content.

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Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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