The $540m venture financing of Noom was the medical devices industry’s top cross border venture financing deal as total deals worth $1.7bn were announced globally in May 2021, according to GlobalData’s deals database.
The value marked an increase of 72.9% over the previous month of $983.21m and a rise of 250.3% when compared with the last 12-month average, which stood at $485.27m.
Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.1bn. At the country level, the US topped the list in terms of deal value at $1.1bn.
