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2 Dec 2023

Medtech Funding Declines, Surgical Devices Sector Thrives

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VC funding for global medtech is projected to be lower than previous years. Despite the downtrend, surgical device companies raised the most within the sector at $4.7 billion. Significant funding rounds were noted in European surgical robotics startups, with UK's [CMR Surgica](https://cmrsurgical.com/)l raising $165 million, Switzerland's DistalMotion $150 million, and France's [Moon Surgical](https://www.moonsurgical.com/) $55.4 million. [Source](https://email.sifted.eu/stabilitys-open-source-u-turn-3?ecid=ACsprvuVOBP9jJxfbgbWRk_8HkF_177c5E2AsuyzSWhY-iZw_go-oQf5vqLJvPWO6i-uq_S9naJT&utm_campaign=Sifted%20Daily%20Newsletter&utm_medium=email&_hsmi=284564629&_hsenc=p2ANqtz-8HWryajbcx2XlNcndygPLcZsSQoIB3RHNV6EoZc4THkoBnn9jLUpuyCi1PoAEHHMQKig4XfTFvvTJ6IqiuUBeVz29jeg&utm_content=284564629&utm_source=hs_email)