Visby Medical tests positive for a Series E extension at $1B+ valuation

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Medical diagnostics company Visby Medical raised $100 million in a Series E round earlier this year.

Today, the company told me it extended that round by an additional $35 million at the same valuation as the rest of the round.

The financing goes to show that there’s still money out there, and it’s encouraging to see that companies are more forthcoming about announcing both round extensions — which traditionally have been frowned upon by the investment community — and valuations as part of their funding journey.

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Author / Journalist: Haje Jan Kamps

Category: Startups

Topics: Startups Recent Funding Health

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 00:56:35

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 3 minutes read

Article Length: 421 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 23946

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