ResMed Acquires Noctrix Health for $340 Million, Marking Angelini Ventures’ First Portfolio Exit
Angelini Ventures announced the sale of its portfolio company Noctrix Health to ResMed on June 3, 2026. The $340 million transaction marks the venture firm's first portfolio exit.
michaelwest.com.auResMed acquired Noctrix Health for $340 million in a deal announced June 3, 2026, in Rome, Italy. Angelini Ventures, the corporate venture firm of Angelini Industries, disclosed the transaction. Angelini Ventures said the sale validates its strategy of investing in healthcare companies that address unmet medical needs.
The firm described the move as its first portfolio company exit. Noctrix Health, founded in 2016, develops wearable neuromodulation therapies for chronic neurological and sleep-related conditions. Its lead product, Nidra, is the first FDA-authorized non-invasive wearable neuromodulation therapy for restless legs syndrome.
ResMed, listed on the NYSE under ticker RMD, plans to integrate Noctrix Health's technology into its broader sleep health ecosystem. The company is a global leader in sleep health and respiratory care. Angelini Ventures said the acquisition has the potential to expand patient access and enhance care delivery through more connected and scalable models.
The firm noted that the transaction combines capital with strategic expertise, operational capabilities, and a global network of founders, investors, and academic partners.
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