Cadence Solutions, Inc. Raises $100M Series B Financing
Gunderson Dettmer represented Cadence Solutions, Inc., a digital health-care platform providing remote-patient monitoring, in its $100 million Series B financing led by Coatue Management. Cadence seeks to provide care to patients suffering from chronic conditions. The new capital brings the company’s valuation to $1 billion and will enable it to scale up its hiring.
In the announcement of the transaction, co-founder and CEO of Cadence Chris Altchek said, “A lot of these conditions can be successfully treated in the home at a much lower cost.”
The Gunderson deal team was led by partners Steve Baglio and David Sharrow and associates Hilary Adams, Caroline Ceriello, Khalil Nobles, and Sam Feldman, and Jessica Furr.