Finance

CMR Surgical raises $600 million in Collection D financing

CMR Surgical raises $600 million in Collection D financing

  • Funding absolutely helps the accelerated continued world growth and business scale up of the enterprise

  • Financing spherical led by SoftBank Imaginative and prescient Fund 2 and co-led by Ally Bridge Group

  • The largest ever MedTech personal financing spherical worldwide to assist carry Versius® to hospitals around the globei

CAMBRIDGE, UK 28 June 2021, 07:01 (BST). CMR Surgical (CMR or “the Firm”), a world surgical robotics enterprise, at this time broadcasts that it has raised $600 million (£425 million) in a Collection D financing. The spherical was led by SoftBank Imaginative and prescient Fund 2ii and co-led by Ally Bridge Group and can help the Firm’s mission to make keyhole surgical procedure accessible to extra individuals worldwide. The funds might be used to extend the worldwide commercialisation of Versius®, CMR’s next-generation surgical robotic system, and additional develop its digital ecosystem.

CMR works with surgeons and hospitals to supply an optimum software to make robotic keyhole surgical procedure universally accessible and inexpensive. Versius’ dimension, portability and flexibility have made it extremely popular with hospitals and surgeons around the globe. As a part of CMR’s ongoing worldwide growth, Versius has been efficiently launched in a number of geographies worldwide together with throughout Europe, Australia, India and the Center East. International demand for CMR’s surgical robotic continues to develop with important additional momentum anticipated.

The Collection D secures the financing to totally execute CMR’s technique to quickly speed up its geographical growth and builds upon the framework the Firm has established to develop a long-term unbiased world enterprise. The brand new funds additionally help the continued growth of the system’s digital framework, together with new technological developments similar to Versius Join, an app for surgeons utilizing the Versius surgical robotic system.

Along with SoftBank Imaginative and prescient Fund 2 and Ally Bridge Group, the financing was supported by different new worldwide traders together with RPMI Railpen, Tencent and Chimera, broadening the geographic scope of the shareholder base. Current traders, together with LGT and its affiliate affect investing platform Lightrock, Watrium, Cambridge Innovation Capital, PFM Well being Sciences and GE Healthcare, additionally participated within the spherical.

Per Vegard Nerseth, Chief Government Officer of CMR, commented: This newest financing equips CMR with important funds to speed up our mission of bringing Versius to hospitals worldwide, while offering full flexibility to attain our targets. This main injection of capital that now values us at $3billion not solely displays the extent of curiosity we now have seen in our product, but additionally the dimensions of the enterprise, and can allow important expertise developments and world growth. Because the lead investor, SoftBank has a wealth of expertise supporting disruptive enterprise fashions and revolutionary applied sciences, and we sit up for leveraging their experience and in depth ecosystem. I’d additionally wish to thank our current traders for his or her long-term help.”

Yanni Pipilis, Managing Accomplice for SoftBank Funding Advisers, commented: “Demand for minimally invasive robotic surgical procedure is rising quickly amongst surgeons and sufferers but excessive prices have traditionally hindered adoption. CMR Surgical is remodeling surgical robotics to transform underpenetrated open & laparoscopic procedures in new worldwide markets the place robotic surgical procedures are much less prevalent similar to India, the Center East and Latin America. We sit up for working with CMR in its mission to make robotic keyhole surgical procedure obtainable to everybody.”

Charles Chon, Accomplice and Head of MedTech, Ally Bridge Group, mentioned: “As life science-dedicated specialists and energetic traders in surgical robotics, we consider the user-friendliness and cost-effectiveness of the Versius system permits a meaningfully differentiated robotic expertise that democratizes robotic surgical procedure each procedurally and geographically. We’re proud to help CMR as an indicator of UK innovation and an answer for all surgeons and their sufferers.”

J.P. Morgan acted as sole placement agent on CMR Surgical’s Collection D financing.

— ENDS —

Media Contacts:

In case you want to see extra, please contact CMR Surgical at:

Press Workplace, CMR Surgical
T +44(0) 1223 755801
E pressoffice@cmrsurgical.com

Mary-Jane Elliott / Angela Grey / Lindsey Neville
Consilium Strategic Communications
T +44 (0)20 3709 5700
E cmr@consilium-comms.com

Notes to Editors:

The Versius Surgical Robotic System

Versius® resets expectations of robotic surgical procedure. Versius suits into just about any working room set-up and integrates seamlessly into current workflows, rising the chance of robotic minimal entry surgical procedure (MAS). The transportable and modular design of Versius permits the surgeon to solely use the variety of arms wanted for a given process.

Biomimicking the human arm, Versius offers surgeons the selection of optimised port placement alongside the dexterity and accuracy of small fully-wristed devices. With 3D HD imaginative and prescient, easy-to undertake instrument management and a alternative of ergonomic working positions, the open surgeon console has the potential to cut back stress and fatigue and permits for clear communication with the surgical crew. By considering laparoscopically and working robotically with Versius, sufferers, surgeons and healthcare professionals can all profit from the worth that robotic MAS brings.

But it surely’s greater than only a robotic. Versius captures significant knowledge with its wider digital ecosystem to help a surgeon’s steady studying. By way of the Versius Join app, Versius Coach and CMR scientific registry, Versius unleashes a wealth of insights to finally enhance surgical care.

About CMR Surgical Restricted

CMR Surgical (CMR) is a world medical gadgets firm devoted to reworking surgical procedure with Versius®, a next-generation surgical robotic.

Headquartered in Cambridge, United Kingdom, CMR is dedicated to working with surgeons, surgical groups and hospital companions, to supply an optimum software to make robotic minimal entry surgical procedure universally accessible and inexpensive. With Versius, we’re on a mission to redefine the surgical robotics market with sensible, revolutionary expertise and knowledge that may enhance surgical care.

Based in 2014, CMR Surgical is a personal restricted firm backed by a global shareholder base.

i PitchBook, Could-21
ii As of the date of this press launch, SoftBank Group Corp. has made capital contributions to permit investments by SoftBank Imaginative and prescient Fund 2 (“SVF 2”) in sure portfolio firms. The knowledge included herein is made for informational functions solely and doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase restricted partnership pursuits in any fund, together with SVF 2. SVF 2 has but to have an exterior shut, and any potential third-party traders shall obtain further data associated to any SVF 2 investments previous to closing.

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