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Insightec announces $150M financing led by Fidelity Management & Research Company to expand incisionless neurosurgery and invest in new indications

Jun 18, 2024•over 1 year ago

Amount Raised

$150 Million

Tirat CarmelMedicalBiotechnologyHealth Care

Investors

Perceptive AdvisorsYork Global Finance / Community FundGilmartin CapitalFayez Sarofim & Co.Catalio Capital ManagementBaillie GiffordAlly Bridge GroupNexus Neurotech VenturesFidelity Management & Research Company

Description

Insightec, a global healthcare company using focused ultrasound to transform patient care, has raised $150 million in equity financing. The round was led by Fidelity Management & Research Company and co-led by Nexus Neurotech Ventures and Ally Bridge Group. The financing provides Insightec with runway to expand incisionless neurosurgery and make strategic investments in new indications.

Company Information

Company

Insightec

Location

Tirat Carmel, Haifa, Israel

About

Insightec is a global healthcare company dedicated to using focused ultrasound to transform patient care. With over 160 systems installed worldwide, Insightec's proprietary technology has been used in nearly 20,000 commercial applications and is currently FDA approved as an incisionless, immediate treatment for patients suffering from essential tremor and Parkinson's disease.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech