Stock Market News

Cleerly raises nearly $200 million in fundraise led by T. Rowe Price, Fidelity

2022.07.25 17:54

Cleerly raises nearly $200 million in fundraise led by T. Rowe Price, Fidelity
Cleerly raises nearly $200 million in fundraise led by T. Rowe Price, Fidelity

Cleerly raises nearly $200 million in fundraise led by T. Rowe Price, Fidelity – Budrigannews.com

Cleerly, a New York-based health tech startup, has raised $192 million in a funding round led by investment firms T. Rowe Price and Fidelity Management & Research Company LLC.

The fundraise announced on Monday also includes billionaire venture capitalist Peter Thiel, Mirae Asset Capital, Cigna (NYSE:CI) Ventures, Piper Sandler’s Merchant Banking and Sands Capital. Cleerly did not disclose the valuation it fetched in the round.

While a selloff in equities on fears of a global economic slowdown has dried up funding for late-stage startups in recent months, the healthcare sector continues to be resilient due to investor interest sparked by the COVID-19 pandemic.

“We do not take for granted that nearly all of our series B investors also invested in our series C, in this current economy,” Founder and Chief Executive James Min told Reuters.

Cleerly offers artificial intelligence-powered imaging to analyze heart scans. The company plans to use the fresh funds to expand its existing team, tap a wider commercial market and conduct additional large-scale research.

Parker Cassidy, partner at Sands Capital, told Reuters he expects the capital to drive Cleerly’s clinical evidence development and establish a new standard of cardiac care.

The latest round brings the total capital raised by the healthcare company so far to $248 million.

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 93,406.03 1.69%
ethereum
Ethereum (ETH) $ 3,467.24 4.96%
tether
Tether (USDT) $ 1.00 0.23%
solana
Solana (SOL) $ 234.25 3.32%
bnb
BNB (BNB) $ 623.00 0.87%
xrp
XRP (XRP) $ 1.43 8.11%
dogecoin
Dogecoin (DOGE) $ 0.389503 5.39%
usd-coin
USDC (USDC) $ 1.00 0.27%
cardano
Cardano (ADA) $ 0.98822 10.59%
staked-ether
Lido Staked Ether (STETH) $ 3,466.69 4.99%
avalanche-2
Avalanche (AVAX) $ 42.72 3.83%
tron
TRON (TRX) $ 0.199415 5.93%
the-open-network
Toncoin (TON) $ 6.19 6.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,078.12 3.86%
stellar
Stellar (XLM) $ 0.484775 12.76%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 4.47%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,181.97 1.68%
polkadot
Polkadot (DOT) $ 8.25 5.80%
chainlink
Chainlink (LINK) $ 17.86 8.05%
bitcoin-cash
Bitcoin Cash (BCH) $ 501.92 4.48%
weth
WETH (WETH) $ 3,461.01 4.63%
sui
Sui (SUI) $ 3.36 5.28%
near
NEAR Protocol (NEAR) $ 6.67 9.99%
leo-token
LEO Token (LEO) $ 8.32 3.54%
pepe
Pepe (PEPE) $ 0.000018 3.10%
uniswap
Uniswap (UNI) $ 12.12 13.65%
litecoin
Litecoin (LTC) $ 94.82 5.78%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,643.74 4.65%
aptos
Aptos (APT) $ 12.12 7.82%
internet-computer
Internet Computer (ICP) $ 11.22 3.28%
hedera-hashgraph
Hedera (HBAR) $ 0.136771 3.97%
usds
USDS (USDS) $ 0.999757 0.15%
crypto-com-chain
Cronos (CRO) $ 0.175975 5.94%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.552691 8.42%
ethereum-classic
Ethereum Classic (ETC) $ 29.48 6.03%
bittensor
Bittensor (TAO) $ 563.05 8.30%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
render-token
Render (RENDER) $ 7.46 4.05%
arbitrum
Arbitrum (ARB) $ 0.923289 7.98%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.44 8.37%
kaspa
Kaspa (KAS) $ 0.147109 2.46%
celestia
Celestia (TIA) $ 8.03 4.31%
whitebit
WhiteBIT Coin (WBT) $ 23.70 0.39%
dai
Dai (DAI) $ 1.00 0.26%
vechain
VeChain (VET) $ 0.041378 8.46%
filecoin
Filecoin (FIL) $ 5.40 3.59%
mantra-dao
MANTRA (OM) $ 3.53 0.48%
okb
OKB (OKB) $ 53.19 2.83%
blockstack
Stacks (STX) $ 2.10 1.76%
cosmos
Cosmos Hub (ATOM) $ 8.06 4.04%