Announced

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Deerfield Healthcare and Qiming Venture led a $146m Series C round in Element Science.

Synopsis

Private equity firm Deerfield Healthcare and Qiming Venture led a $146m Series C funding round in Element Science, a medical wearable manufacturer. Additional investors include The Invus Group, Third Rock Ventures, Google Ventures, and Cormorant Asset Management. “We believe that Element Science’s ability to apply cutting-edge principles of data science and patient-centered design holds great potential in disrupting the way these cardiovascular patients are monitored, diagnosed, and treated. We are delighted to support the company as it works to bring life-saving therapies to patients, while changing the paradigm of treatment in multi-billion dollar global markets,” Andrew ElBardissi, Deerfield Management Partner.

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