GV, the subsidiary of internet and technology group Alphabet formerly known as Google Ventures, has exited US-based medical data provider Zephyr Health in an acquisition by life sciences software producer Anju Software.
The amount paid by Anju, a subsidiary of asset management firm Providence Equity Partners, was not disclosed. Zephyr had received approximately $33.5m in equity financing altogether.
Founded in 2011, Zephyr has created an analytics platform that provides healthcare data covering the effectiveness of different treatments, devices and physicians, obtaining that data from a wide range of sources.
Gopi Vaddi, managing director of Providence Strategic Growth, said: “Zephyr’s big data analytics solution enables Anju’s pharmaceutical customers to improve research efficacy and significantly reduce the time it takes to bring life-saving therapies to market.
“Zephyr is an ideal fit with Kurien’s vision for Anju as the company continues to execute on its strong growth strategy.”
GV led a $17.5m round for the company in 2015, investing alongside venture capital firms Icon Ventures and Kleiner Perkins Caufield & Byers, the latter having co-led a $15m round with Jafco Ventures the year before.
