Midwest Healthcare Startups Raise $507.8 Million in First Half of 2015
Ohio, Minnesota and Wisconsin Lead States
(firmenpresse) - CLEVELAND, OH -- (Marketwired) -- 08/11/15 -- Midwest healthcare startups reported $507.8 million in total investments across 144 companies in the first half of 2015, according to the Ohio led the way in financings ($158.6 million), followed by Minnesota ($100.5 million) and Wisconsin ($73.1 million). Among regions, Cleveland, Minneapolis and Chicago led healthcare investment in the Midwest.
"Midwest healthcare companies continue to attract investment at historic levels," said Aram Nerpouni, President and CEO of BioEnterprise. "Following an exceptional 2014, the first six months of 2015 are on par with 2012 as the second best start in the past 10 years."
By sector, the equity funding was distributed as follows:
Medical device companies: $227 million (44.7%)
Healthcare software and service companies: $155 million (30.6%)
Biopharmaceutical companies: $126 million (24.7%)
"In contrast to the national downturn in medical device investment, the Midwest device sector is consistently attracting investment with notable strengths in Minnesota and Ohio. In addition, healthcare software and service companies continue to build on the momentum of a phenomenal 2014 with a strong start in 2015," said Nerpouni.
NeuWave Medical, a medical device company in Madison, Wisconsin, reported the largest fundraise, $25.31. Minneapolis, Ohio and Missouri also saw similar medical device deals.
For complete state and region results across the Midwest see the following tables.
**Regions'' totals do not equal states as not all areas are included in list of regions
The Midwest Healthcare Capital Report includes medical device, biotechnology and software/service investments, specifically seed, venture, individual and group angel funding, private equity, growth equity, bridge funding, convertible debt, foundation funding with equity component, strategic and corporate investment, secondary offerings and PIPEs. Data are compiled from PitchBook, Private Equity Week, Wall Street Journal, Venture Source, SEC Filings, company press releases, , and regional Midwest organizations.
Regional organizations participating in the 2015 Midwest healthcare Growth Capital Report include Life Science Alley (MN), BioCrossroads (IN), Wisconsin Technology Council (WI), MichBio and Charter Capital Partners (MI), Innovation Works and Pittsburgh Life Sciences Greenhouse (Western PA), BioOhio and JumpStart (OH).
Regions are generally defined by 2012/2013 Combined and Metropolitan Statistical Areas. A company''s location is attributed to its headquarters region.
The Report is funded, in part, by philanthropic support from the Fund For Our Economic Future, the Cleveland Foundation and the Burton D. Morgan Foundation.
To view additional data about Midwest healthcare business activity, please visit .
is a business formation, recruitment, and acceleration effort designed to support the growth of bioscience companies. Located in Cleveland, BioEnterprise provides management counsel and support services to healthcare companies. BioEnterprise partners are Case Western Reserve University, Cleveland Clinic, University Hospitals, Summa Health System, and the Austen BioInnovation Institute in Akron.
Additional technology partners include the NASA Glenn Research Center, Cleveland State University, and BioOhio. The initiative comprises the collective activities of BioEnterprise and its partners'' commercialization offices: the Case Office of Technology Transfer, Cleveland Clinic Innovations, University Hospitals Case Medical Center - Center for Clinical Research and Summa Enterprise Group. The combined efforts of these groups has created, recruited, and accelerated more than 170 companies in 13 years.
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Datum: 11.08.2015 - 08:22 Uhr
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