The Daily Startup: Diagnostic Imaging Startups Set for Record Fundraising

Diagnostic imaging equipment startups will be all but certain to set a new fundraising record for the sector for 2015, Timothy Hay reports for Dow Jones VentureWire. The third quarter of 2015 saw $145 million invested in U.S.-based privately held diagnostic imaging equipment companies, the largest single-quarter total that the sector has seen since industry tracker Dow Jones VentureSource began tracking totals in 1992.

The current year’s total, $243.4 million, has already beaten out the four-quarter total that such companies raised last year, which was $211 million. The year’s total is also just shy of the $243.6 million invested in the sector in 2013, which was the most invested since VentureSource began tracking totals in 1992.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Crinetics Pharmaceuticals Inc. has secured $40 million in Series A financing to join a race to provide patients with the rare hormonal disorder acromegaly improved alternatives to today’s injected therapies. 5AM Ventures, Versant Ventures and Vivo Capital led the financing.

Sighten, which offers software designed for the solar industry, has raised $3.5 million in Series A funds from Obvious Ventures, a venture capital fund co-founded by Ev Williams.

Highland Capital Partners has stepped up its recruiting efforts in Silicon Valley, hiring Jennifer Holmstrom from Facebook Inc. as a talent partner to work out of its Palo Alto, Calif., office.

AutoLotto Inc. has raised $2.4 million in seed funding for its mobile app that lets people buy, play and redeem winning lottery tickets all on a mobile phone. Investors in AutoLotto’s seed round included 500 Startups and Aurum Partners, an investment vehicle led by executives with the San Francisco 49ers.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit, scroll to the bottom and click “try for free.”)


SEC Opens Way for Wider Pool of Investors to Take Stakes in Startups. The  Securities and Exchange Commission on Friday approved long-awaited rules that allow non-accredited investors to participate in equity-based crowdfunding, The Wall Street Journal’s Scott Martin and Yuka Hayashi report. Under the current rules, only investors whose net worth exceeds $1 million, excluding their primary residence, or who earn more than $200,000 a year are allowed to participate in crowdfunding. Under the new rules, which will become effective in six months, would allow anyone to  invest as much as $2,000 or 5% of their annual income or net worth, whichever is greater, in small-scale fundraising projects of as much as $1 million in any 12-month period.

NFL Player Sues Fantasy Sports Company FanDuel. Washington Redskins wide receiver Pierre Garcon has filed a class-action lawsuit against daily fantasy sports company FanDuel Inc., accusing the website of using his name and likeness to market its product without his permission. The lawsuit, which was filed Friday in federal court in Maryland, comes amid scrutiny of the daily fantasy sports industry.

Write to Mike Billings at Follow him on Twitter at @mbillings