Investors

By Dave Muoio November 8, 2017
Chicago-based digital healthcare advertiser Outcome Health’s troubles seem to be increasing with each passing month. In the wake of a recent Wall Street Journal investigation alleging that the company’s employees misled clients using inaccurate and manipulated advertisement performance data, a handful of Outcome’s top investors have filed a lawsuit against the startup claiming they were misled by...
By Jonah Comstock November 8, 2017
Now that the Abbott Freestyle Libre has received FDA clearance, Abbott and Dexcom will be forced into tight competition in the US market. On Dexcom’s third quarter call, CEO Kevin Sayer spent some time assuaging investor fears about that friction. “Late in the third quarter, the FDA approved Abbott's FreeStyle Libre flash glucose monitoring system,” Sayer said on the call. “We always believed the...
By Jonah Comstock November 7, 2017
Toronto-based Interaxon, creator of the Muse EEG-sensing headband, has raised $11.6 million ($14.8 million CAD) in a round led by Trend Forward Capital, Export Development Canada, and OMERS Ventures. Epic Capital Management and Bridge Builders Collaborative also contributed to the round. Interaxon raised $287,000 for Muse in late 2012 and officially launched the product in 2014, one of a handful...
By Dave Muoio November 6, 2017
With more and more mobile health apps releasing each year and slower growth in the number of users downloading, financial success is becoming less likely for developers without substantial backing, data from a recent market research report suggests. According to the mHealth Economics 2017 study — an annual Research2Guidance survey which this summer polled 2,400 mobile health stakeholders — there...
By Jonah Comstock November 2, 2017
Roman, an online men's health platform initially focused on erectile dysfunction, launched this week with $3.1 million in funding. General Catalyst led the round, with participation from Initialized Capital, Box Group, and Slow Ventures. The company also announced a number of angel investors including Casper CEO Philip Krim, Bark CEO Matt Meeker, WayUp CEO Liz Wessel, Code Academy CEO Zach Sims,...
By Dave Muoio November 1, 2017
Implantable continuous glucose monitor (CGM) maker Senseonics is still making the long trudge toward FDA clearance, but at least the company has plenty of European activity to keep it occupied in the meantime. On a Q3 earnings call, CEO Timothy Goodnow shared details on his company’s continued ramp-ups and rollouts across Europe, its first entry into an international market, and the receipt of a...
By Dave Muoio October 31, 2017
Silicon Valley-based VitalConnect, a producer of wireless wearable monitoring devices, announced the closure of a $38 million Series C funding round. The funding round was led by MVM and Baxter Ventures, with participation from Mercy. VitalConnect is best known for its FDA-cleared, disposable peel-and-stick health sensor, the VitalPatch. Combined with a software platform, the wearable...
By Jonah Comstock October 30, 2017
London and Berlin-based, AI-powered health app maker Ada Health has raised $47 million (40 million euro) in a funding round led by global investment group Access Industries. June Fund, Cumberland VC, and entrepreneur William Tunstall-Pedoe also contributed along with existing investors. Ada Health officially launched its app back in April after a soft launch in late 2016 and six years of research...
By Dave Muoio October 25, 2017
While the startup ecosystem of 25 major US markets grew 35 percent from 2016 to 2017, investment into companies specifically looking to disrupt healthcare with digital care or other solutions remained relatively stagnant during the same period, according to data from the US Chamber of Commerce Foundation and 1776’s annual “Innovation that Matters” report. However, these data likely aren’t signs...
By Dave Muoio October 25, 2017
UK-based startup Echo has raised $9.3 million (7 million British pounds) in Series A funding for their medication management and resupply app, according to a report from TechCrunch. The funding round was led by White Star Capital with additional participation from MMC Ventures, Rocket Internet’s Global Founders Capital, Public.io, and prior investor LocalGlobe. Cofounded by Dr. Sai Lakshmi, a...