Henery Crown and Company joined the Brazil-based medical device and diagnostics equipment supplier for a series C round that boosted its total funding to $47m.
Brazil-based medical equipment and clinical diagnostics technology supplier Adavium Medical has secured $21m in series C funding from investors including CVF, an affiliate of US-based holding group Henry Crown and Company.
The round included all Adavium’s existing backers, including venture capital firms Venrock, Aberdare Ventures and Arboretum Ventures, and increased its overall funding to $47m.
Formerly known as Advance Medical, Adavium forms partnerships with foreign companies to supply medical devices and clinical diagnostics technology to the Brazilian market while also…
