Device start-ups raised $1.7 billion in venture financing in 2013, a 31% drop from 2012’s $2.5 billion, despite only 11 fewer deals being signed in 2013. (See Exhibit 1.) The decrease isn’t surprising as venture investors continue to tighten their purse strings, according to a panel of corporate and institutional backers at the recent IN3Medical Device 360°Summit in San Francisco. (See Also see "Medtech VCs Find Ways To Fill The Gaps" - In Vivo, 25 February, 2014..)
Exhibit 1
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