Butterfly Network Raises $250M in Series D

Butterfly Network has successfully raised $250M in a Series D at a $1.25B valuation led by Fidelity, Baillie Gifford.

Company Overview

Butterfly Network is a HealthTech company headquartered in Guilford, CT, founded in 2011 with 400+ employees.

Handheld ultrasound imaging device

Fundraising Details

Amount Raised: $250M
Round Type: Series D
Valuation: $1.25B
Date: 2020-02-27
Investors: Fidelity, Baillie Gifford

About Butterfly Network

Handheld ultrasound imaging device The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Guilford, CT
Founded: 2011
Team Size: 400+
Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Butterfly Network's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Butterfly Network's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.25B valuation marks an important milestone for Butterfly Network, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Butterfly Network is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2020-02-27. For more information about Butterfly Network, visit their headquarters at Guilford, CT.