Whale Successfully Completes Round B and Welcomes Sequoia Capital
Boston, MA (December 15, 2014) – In 2014, Whale successfully completed its Series B round of equity financing from Sequoia Capital, one of the world-leading venture capital companies. OrbiMed Partners, the largest healthcare-dedicated private equity firm globally which invested in Whale’s Series A round fund raising, co-invested with Sequoia.
Mr Sean Zhu, CEO of Whale Imaging commented “it’s wonderful to have the backing of Sequoia and Orbimed. Their faith in us gives us the financial foundation we need to continue to increase our footprint in the global medical imaging market.”
Sequoia backed companies are now collectively worth more than 20% of the total value of the NASDAQ stock exchange and Orbimed manages approximately $12 billion in company investments worldwide.