Led by $100m venture financing of Kerecis ehf, total medical devices industry cross border venture financing deals worth $298.3m were announced in Europe in Q3 2022, according to GlobalData’s deals database.
The value marked a decrease of 37.3% over the previous quarter and a drop of 44.1% when compared with the last four-quarter average of $533.36m.
Europe held a 17.76% share of the global medical devices industry cross border venture financing deal value that totalled $1.68bn in Q3 2022. With a 5.95% share and deals worth $100m, Iceland was the top country in Europe’s cross border venture financing deal value across medical devices industry.