Warburg Pincus has invested USD110 million into a Series C round for New York-based healthcare tech company Aetion.

This round is the latest in a string of similar investments within the health tech space for Warburg Pincus. The global growth equity PE group has poured in excess of USD12 billion and USD22 billion to date into health care and technology companies respectively, including Alignment Healthcare, Experity, Intelligent Medical Objects, Modernizing Medicine, and Outset Medical.

B Capital and Foresite Capital, as well as existing supporters New Enterprise Associates (NEA) and Flare Capital Partners joined the fundraise, thereby bringing it to a total of USD212 million to date.

“Aetion has shown incredible growth over the last year, scaling its platform and forming industry-leading partnerships. As the use of real-world evidence expands globally, we believe our investment will help advance Aetion’s technology and further inflect its growth,” said T J Carella, managing director and head of healthcare at Warburg Pincus.

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Source: Private Equity Wire

By Purva Aggarwal