High Hopes for Digital Health as Exo Raises $300 Million

KKR Acquires Controlling Stake in J.B. Chemicals

Handheld ultrasound device maker Exo raises $300 million in funds in a funding round led by health and life sciences investor RA Capital Management. On the other hand, the company did not disclose the valuation at which the funds were raised. 

The round also included BlackRock Inc BLK.Nand investment firm Sands Capital. This brought the total capital raised by the company to more than $320 million so far. With this money, the company plans to commercialize its ultrasound device and Exo Works, its platform for ultrasound imaging, documentation, and billing.

Founded in 2015, the company is the latest in the healthcare sector to cash in on rising investor interest in digital health businesses. For example, Forward Health in March raised $225 million at a $1 billion valuation...

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