PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. is acting as legal advisor to Butterfly Network. Butterfly Network has raised a total of $350M in funding across 2 rounds. Butterfly Network, Inc. Mike Cavanaugh or Mark Klausner Westwicke, an ICR Company (646) 677-1838 investors@butterflynetwork.com. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Developer of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. 2020 InvestorPlace Media, LLC. UBS Investment Bank is acting as financial advisor to Longview as well as the exclusive placement agent for the PIPE. is acting as legal advisor to Butterfly Network. Breaking the wing of butterfly can raise success rate and average P/L at the cost of increased max loss and fallen max profit. Here’s what investors need to know about the Butterfly Network SPAC merger. Since inception, Butterfly has raised over $375 million. Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. Jonathan M. Rothberg, Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Say hello to Butterfly Network, digital health’s newest unicorn The portable ultrasound company raised a $250 million Series D financing round led by financial … (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila) GUILFORD, Conn., May 18, 2020 /PRNewswire/ -- Butterfly Network has developed and is rolling out a new version of TeleGuidance™, their ultrasound … The, laboris nisi ut aliquip ex ea commodo consequat. It’s worth noting that SPAC merger values Butterfly Network at $1.5 billion. The remaining $175 million comes from a private investment in public equity (PIPE). Butterfly Network's latest funding round in September 2018 was reported to be $250 m. In total, Butterfly Network has raised $350 m. Butterfly Network's latest valuation is reported to be $1.3 b. Get the full list », To view Butterfly Network’s complete board members history, request access », You’re viewing 5 of 10 investors. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Medical Devices. All rights reserved. Butterfly Network, Inc. Sean Leous Westwicke, an ICR Company (646) 866-4012 All in all, this should set the company up with $584 million in cash after the deal closes. Medical imaging start-up Butterfly Network to go public via $1.5 billion SPAC led by Glenview Capital Larry Robbins, Glenview Capital, and Dr. … The company's medical imaging device is portable, cheap and provides high-quality ultrasound on a single silicon chip, enabling doctors to continually improve diagnosis and therapy by transforming the way they image the body and perform surgery. © 2020 PitchBook Data. Butterfly Network designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. is acting as legal advisor to Butterfly Network. Information on valuation, funding, cap tables, investors, and executives for Butterfly Network. LGVW stock was up 20.6% as of noon Friday. Nevada Sanchez, a co-founder at Butterfly Network (a 4Catalyzer company), has been honored as one of Forbes 30 under 30 for 2015. Lists Featuring This Company East Coast Personal Health Companies Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. That means one probe that can emulate any transducer–linear, curved or phased. Copyright © 2020 InvestorPlace Media, LLC. quotes delayed at least 15 minutes, all others at least 20 minutes. Get the full list », To view Butterfly Network’s complete acquisitions history, request access », Co-Founder & Vice President of ASIC Design. This PIPE is set at $10 per share and is led by Eldridge, Fidelity Management & Research Company LLC, Glenview, Ridgeback, Tenet Healthcare Corporation, and UPMC Enterprises. Butterfly Network Inc will be taken public via a merger with a blank-check company backed by Larry Robbins’ hedge fund Glenview Capital Management, valuing the digital health company at about $1.5 billion including debt, the companies said. Butterfly Network Investors: Butterfly Network comes with a strong backing of investors. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex, To view Butterfly Network’s complete valuation and funding history, request access », To view Butterfly Network’s complete cap table history, request access », You’re viewing 5 of 11 competitors. As of March 2020, Butterfly iQ has expanded its commercial presence to 20 markets and is used by over 15,000 … 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/2020/11/butterfly-network-spac-merger-details/. Butterfly Network's latest funding round in September 2018 was reported to be $250 m. In total, Butterfly Network has raised $350 m. Butterfly Network's latest valuation is reported to be $1.3 b. Butterfly Network Capital Raised Convertible noteholders will own a 2.5% stake, Longview investors will have a 20%, Longview sponsors will hold a 5% stake and PIPE investors will have a 9% stake in the company. ... tastytrade is a real financial network, producing 8 hours of live programming every weekday, Monday - Friday. Get the full list », You’re viewing 5 of 10 executive team members. Butterfly Network is looking for a Director of FP&A to build out the Financial Planning and Analysis function and to partner with the commercial teams. Butterfly Network is a company that focuses on the creation of ultrasound technology. Butterfly Network is a company that focuses on the creation of ultrasound technology. Butterfly Network Named in Top 12 Companies Leading the Way in Digital Health and Co-founder Named in Forbes 30 Under 30. Butterfly Network is backed by high-profile investors including Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun Industrial. Upon the closing of the transactions contemplated by the BCA, Butterfly will become a wholly-owned subsidiary of Longview, and Longview will be renamed “Butterfly Network, Inc.” Current security holders of Butterfly, including Baillie Gifford, The Bill & Melinda Gates Foundation and Fosun Industrial Co., Limited will have the right to receive common stock of the combined company, on a one-for-1.0383 basis per … Butterfly Network Global Handheld Ultrasound Scanners Market to 2026 - Growing Inclination Towards Handheld Ultrasound Scanners for Point-of-Care Diagnostics DUBLIN, Feb. 20, 2019 /PRNewswire/ -- The "Global Handheld Ultrasound Scanners Market Size, Market … PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Nasdaq Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. 1125 N. Charles St, Baltimore, MD 21201. View all funding rounds Upon the closing of the deal between Butterfly… That includes $414 million in cash currently held by Longview. This will also result in LGVW stock changing from its current ticker to the new BFLY ticker. Media Relations. Shares of Longview Acquisition (NYSE:LGVW) jumped today, up by 21% as of 12:50 p.m. EST, after the company announced its acquisition target. Joining Butterfly Network is the opportunity to redesign the future of healthcare through the power of technology. Its goal is to reduce the cost of ultrasounds and make them more readily available at cheaper prices. Developer of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. The deal will have Butterfly Network becoming a wholly-owned subsidiary of Longview before the company changes its name to Butterfly Network. Duis aute irure dolor in reprehenderit in voluptat, magna aliqua. All rights reserved. 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