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Quanta Raises $245M In Series D, Plans To Expand Into Home-Based Dialysis In US

 
• By Marion Webb

UK-based Quanta will use the proceeds to ramp up European commercialization and bring its SC+ portable hemodialysis system to US-based acute and chronic care facilities, but ultimately hopes to enter the rising US home-based dialysis market.

Quanta SC+

Six months after receiving US Food and Drug Administration 510(k) clearance for its SC+ portable hemodialysis system for use in acute and chronic care facilities, Quanta Dialysis Technologies Ltd has raised $245m in a series D financing to help “turbocharge its business,” according to Quanta CEO John Milad.

“The main focus of [using] the proceeds will be to ramp up our UK and European commercialization [following the second CE mark in 2019 for its second-generation hemodialysis device), to have a really strong launch in the US, and then to

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