Investors

By Jonah Comstock April 27, 2018
According to a group of 300 healthcare stakeholders surveyed in Venrock's 2018 Healthcare Prognosis Survey, Amazon is the tech company to watch in the healthcare space — even if they're pretty well split on the prospects for the Amazon-JP Morgan-Berkshire Hathaway project. When asked which of five tech companies (Amazon, Apple, Google, Microsoft, and IBM) would make the most progress in 2018, 51...
By Dave Muoio April 25, 2018
San Francisco-based telemedicine provider Doctor On Demand announced today the closure of a $74 million round of Series C financing. The funding round was led by Princeville Global and Goldman Sachs Investment Partners. Previous investors including Venrock, Shasta Ventures, and Tenaya Capital also participated. "At Doctor On Demand we’re focused on putting the patient first, and this latest...
By Jonah Comstock April 24, 2018
Private equity firm Aspire Universal and LG Health, have partnered to create a new $300 million fund called the Aspire Ventures Precision Medicine Fund. Each is contributing $15 million to the fund and Aspire is in the process of raising the remainder. "The term 'precision medicine' has been out there, but it’s really the change in healthcare that’s going on," Essam Abadir, managing partner of...
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...

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