WellDoc, MyHealthTeams and others raise money

By Brian Dolan
02:43 am

WellDoc DiabetesManagerAccording to an SEC filing this week, Baltimore, Maryland-based WellDoc has raised more than $500,000 toward a hoped for $10 million round of funding. According to the filing, six investors have contributed to the round so far. (Correction: Original article misstated the amount as $13 million.) In the past the company has raised some $5 million, according to various reports. When Forbes named WellDoc to its list of Most Promising Private Companies in the US last year, it claimed that the company had annual revenues of more than $8 million in 2010 and more than 60 employees. WellDoc's flagship product is its DiabetesManager mobile-enabled therapy, but it has partnered with companies in the past to work on asthma management tools and has indicated an interest in developing tools for patients with Crohn's Disease, too.

Another San Francisco-based startup, MyHealthTeams, recently announced that it had raised $1.75 million to continue to build out its various health-related social networks, including one for parents of autistic children. The funding will help the company develop mobile apps for its social networks. The company's backers include Adams Street Partners and 500 Startups. According to TechCrunch, the MyAutismNetwork now has more than 27,000 registered parents.

San Francisco-based HealthLoop, which equips doctors with a "micro medical visit" platform that automatically sends messages to patients at specific times to check up on them after visits, has raised an undisclosed amount of funding from Founders Fund and others, according to the Wall Street Journal's Venture Capital Dispatch.

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At the end of July, NetPulse also announced $15.6 million in funding led by August Capital with contributions from Javelin Venture Partners, DFJ Frontier, and Parkview Ventures. According to VentureBeat that brings the company's total funding to more than $20 million. NetPulse is working with Rock Health alum BitGym to bridge the current divide between exercise equipment in gyms and at home and our smartphones and tablets.

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A patient uses a smartphone screening test to analyze stroke-like symptoms she's experiencing.

A patient at Houston Methodist Hospital, participates in a smartphone screening test to analyze stroke-like symptoms she's experiencing. Photo credit: Houston Methodist Hospital.



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