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New Deal


Announced

Completed

8VC led a $33m funding round in IDx.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

AI diagnostic system

Private Equity

Acquisition

Private

Friendly

Software

Minority

Completed

Venture Capital

digital diagnostics

United States

Synopsis

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8VC, a venture capital firm, led a $33m funding round in IDx, a designer and developer of health care software. The round had participation from investors Optum Ventures, Alpha Edison and Heritage Provider Network. "We received numerous requests from the investment community to participate in this financing round. We carefully selected our co-investors because of the strategic value they provide to the company. We expect this investment to accelerate the adoption of IDx-DR, a unique and much-needed solution for the 30 million people with diabetes in the US alone who need to be tested for diabetic retinopathy each year," Stefan D. Abrams, IDx Vice Chairman.

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