4 years ago
Quanta Dialysis Secures $245 Million in Series D Funding to Expand Global Operations
Quanta Dialysis Technologies Ltd, a medical technology company focused on dialysis care, has raised $245 million in Series D funding
The round was led by Glenview Capital and Novo Holdings, with participation from several other investors, including BlackRock, Eldridge, and Sands Capital
The company plans to use the funds to expand its global operations, particularly in the United States, where its SC+ hemodialysis system has received FDA clearance
The patented technology behind SC+ is based on a design innovation that allows all dialysate fluid management to be conducted on a small, lightweight, disposable cartridge
The company also plans to invest in infrastructure to scale up manufacturing, sales, and customer service functions.
ProblemHealthcare
"Dialysis treatment is often inconvenient and inflexible, requiring patients to travel to clinics or hospitals for treatment, disrupting their daily lives."
Solution
"Quanta has developed a portable hemodialysis system, SC+, which allows patients to receive dialysis treatment in a variety of settings, including their homes, reducing the burden of travel and increasing flexibility."