Investors

By Jonah Comstock April 20, 2018
BenevolentAI, a UK company using artificial intelligence for drug development, has raised $115 million in new funding, mostly from undisclosed investors in the United States. Existing backer Woodford Investment Management also participated in the round, which brings the company’s total funds raised to over $200 million. “We are very pleased with the response to the fundraising," Ken Mulvany,...
By Dave Muoio April 19, 2018
RapidSOS, a five-year-old startup focused on updating emergency response systems with data-driven technology, has raised $16 million in funding from Highland Capital, Microsoft Ventures, and CSAA Insurance Group, according to a statement. Forté Ventures also contributed. This brings the company’s total funding to more than $30 million, following a $14 million round concluded just last year that...
By Dave Muoio April 19, 2018
New York City-based digital consult platform RubiconMD has closed a $13.8 million Series B funding round led by HLM Venture Partners and Optum Ventures, representatives from the company told MobiHealthNews. Other participants in the round included Centene Corporation, Blue Ivy Ventures, and other return investors. “Specialists are oftentimes centralized, overbooked, costly, or out of network,”...
By Jonah Comstock April 18, 2018
When it comes to innovation challenges, most participants aren't in it for the money, according to a new survey from consultancy group Luminary Labs. The group surveyed 60 prize recipients from 14 challenges run by Luminary Labs. While not all winners surveyed were in the healthcare space, many, including Osso VR, Wellframe and Ginger.io, were, and the sample included challenges sponsored by...
By Jonah Comstock April 17, 2018
Digital health companies raised $2.5 billion in VC funding in the first quarter of 2018, according to a new report from Mercom Capital Group. Mercom says the quarter, with 187 deals, is only the second since 2010 to top $2 billion. “Digital Health VC is off to a record start in 2018 with $2.5 billion beating the previous record of $2.4 billion from Q2 2017. Several large deals over $100 million...
By Dave Muoio April 16, 2018
New York-based in-home senior care technology company Hometeam is shedding two of its top executives as it shifts from a consumer payment-focused business model to one accommodating reimbursement from payers. Recode first reported Thursday night that Hometeam President Matt Marcotte had left his role at the company in February, just five months after coming onboard in October. Marcotte, a veteran...
By Dave Muoio April 16, 2018
Chicago-based Level Ex has received an undisclosed investment from OSF Ventures, the investment arm of Peoria, Illinois-based 13-hospital system OSF HealthCare. According to a statement, the investor hopes to take advantage of mobile video game maker’s background in delivering digital clinical expertise and identify business opportunities for the two parties. Of note, the announcement suggests...
By Dave Muoio April 12, 2018
Cambridge, Massachusetts-based Common Sensing, which specializes in connected containers for injectable medications, has raised $6.6 million in Series A funding. The round was led by Waterline Ventures, with New World Health, Royal Philips, and Haselmeier also participating. The funding will be used to accelerate manufacturing and commercial operations for Common Sensing’s GoCap, a dose and...
By Dave Muoio April 11, 2018
Melbourne, Australia-based Global Kinetics Corporation, maker of a wearable Parkinson’s disease monitor, has received a $7.75 million investment from the Australian Federal Government’s Biomedical Translation Fund, according to news from the Australian Financial Review that was confirmed by MobiHealthNews. The investment came from Brandon Capital, which manages nearly half of the government fund...
By Jonah Comstock April 11, 2018
Digital chronic disease management company Livongo has raised $105 million in new Series E funding, mostly from existing investors. The company also announced a partnership with nonprofit health insurance company Cambia Health Solutions. General Catalyst and Swedish investment company Kinnevik led the round, with additional participation from existing investors DFJ, Kleiner Perkins Caufield...

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