Top 10 HealthCare Devices and Supplies Capital Raises and Investors in the U.S. – September 16th – 30th, 2025

Several interesting transactions closed in the HealthCare Devices and Supplies sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.

PIPE

1. 1. Helius Medical Technologies, a neurotech company for neurological wellness, received $500 million of development capital led by Pantera Capital, Summer Ventures(Hong Kong) & from Sinohope, FalconX, Animoca Brands, Aspen Digital, Republic, Hashkey Capital, Big Brain Holdings, Arrington Capital, Borderless Capital and Laser Digital.
   2. Izotropic, a research and development company specializing in cancer research and early detection for breast cancer, received CAD 375,000 of development capital from undisclosed investors.

Buyout/LBO

3. 3. American Dental Design, dental laboratory fabrication services that restores dental function and appearance, was acquired by Dental Alliance Group, via its financial sponsors Evolution Capital Partners, Lightspring Capital Partners and Centerfield Capital Partners through an LBO.
   4. Cygnus Medical, healthcare infection-control and surgical-safety products for maintaining instrument sterility and minimizing operating-room hazards, was acquired by Aspen Surgical Products, via its financial sponsors Audax Private Equity and Linden, through an LBO.

Merger/Acquisitions

5. 5. S2 Genomics, a spatial sequencing technology that provides products that process raw tissues into samples ready for genomic analyses, was acquired by Precision Cell Systems.

Later Stage VC

6. 6. Nalu Medical, neuro-stimulation devices for mitigating chronic pain, raised an estimated $50 million of venture funding from Trinity Capital (Phoenix).
   7. Deep Blue, surgical devices for soft tissue surgery and hernia repair, raised $5.26 million through a combination of Series A-4 and Series A-5 venture funding.
   8. Micro Interventional Devices, medical devices that transforms open surgical procedures into transcatheter procedures, raised $14.04 million of venture funding in the form of convertible note.

Angel, Seed, and Grant

9. 9. NoLimit, smart clothing equipped with advanced biosensors that provides real-time monitoring of muscle electrical activity, joined STRIVE on September 17, 2025 and received $150,000 in funding.
   10. Robossis, a robotic surgery device that assists surgeons with pre-operative planning and alignment of long bone fractures, raised $1.15 million of seed funding in the form of SAFE notes.

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Tamara Williams

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: twilliams@castleplacement.com

(C) (385) 600-1871

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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.