SoftBank and Saudi Aramco co-led Noah Medical’s $150m series B round while Domain Therapeutics and AbCellera took part in a $142m series A for Abdera.

Engineers work with medical robotic equipment

Reverse merger

Nasdaq-listed special purpose acquisition company Anzu Special Acquisition Corp I agreed to merge with Envoy Medical Corporation, a US-based developer of treatments for the hearing impaired that counts hearing aid provider Starkey Hearing Technologies as an investor. Starkey provided $10m for a $16.4m round in 2010 that lifted Envoy Medical’s total funding to $140m.

Funding

Noah Medical, a US-based developer of navigated robotic bronchoscopy technology, raised $150m in a series B round co-led by SoftBank Vision Fund and Prosperity7 Ventures, subsidiaries of telecommunications and internet group SoftBank and oil and gas producer Saudi Aramco respectively. The round included Hillhouse Capital, Sequoia China, Shangbay Capital, Uphonest Capital, Summed Capital, Lyfe Capital, 1955 Capital, AME Cloud Ventures and undisclosed other investors.

Company Company description Sector Country Round Round size($m) Deal date Investors
Abdera Therapeutics Metastatic cancer therapy developer Healthcare US A 142 20/04/2023 Domain Therapeutics…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
Events
Webinar: CVCs and the art of the follow-on
May 8, 2024
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
© 2024 Mawsonia Ltd. All rights reserved.
test reg