Investor

By MobiHealthNews 03:05 pm August 7, 2020
The MobiHealthNews team members — host Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio — sit down to unpack the major shakeup that hit the digital health markets this week when telemedicine giant Teladoc announced its plan to merge with chronic condition management success story Livongo. We talk details, motivations and implications of this digital health mega-company...
By Mallory Hackett 12:02 pm August 4, 2020
Despite femtech’s recent growth in the digital health sector, only 3% of the digital health deals in the U.S. since 2011 have focused on women’s health, according to a new report from Rock Health. Of that percentage, a majority of the funding has gone to companies targeting fertility, pregnancy or motherhood. Rock Health says that 65% of all femtech funding has gone to these areas, while less...
By Mallory Hackett 12:44 pm July 31, 2020
Dexcom President and CEO Kevin Sayer is “incredibly proud” of what the company is calling “resilient growth” in the second quarter of 2020, according to an earnings call on Tuesday. Despite having some uncertainty in the impacts of the COVID-19 pandemic, Dexcom was able to produce significant year-over-year growth in Q2 2020. Sayer attributes much of the growth to a steady increase in knowledge...
By Mallory Hackett 02:56 pm July 28, 2020
Direct-to-consumer virtual health company Ro announced Monday it’s $200 million Series C funding round. With these additional funds, the company is now valued at $1.5 billion. The existing investor, General Catalyst, led the round with participation from FirstMark Capital, Torch, SignalFire, TQ Ventures, Initialized Capital, 3L, BoxGroup and the Chernin Group. Ro has raised $376 million since its...
By Mallory Hackett 02:14 pm July 14, 2020
AristaMD completed a $24 million Series B financing round today with additional investments from Ascension Ventures and .406 Ventures. The new investments follow what was previously an $18 million round, co-led by Cigna Ventures and MemorialCare Innovation Fund (MCIF) and with participation from Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care. WHAT THEY DO AristaMD...
By Jonah Comstock 11:46 am July 10, 2020
Economic downturns and catastrophic events can often prompt market consolidation, so perhaps it's no great surprise that the first half of 2020 has been unusually active when it comes to mergers and acquisitions, especially in the second quarter. MobiHealthNews tracked 23 confirmed acquisitions in Q2, plus one credibly reported one, and another 11 in Q1, for 35 so far this year – six up from last...
By Mallory Hackett 02:23 pm July 7, 2020
FraudScope, an artificial intelligence platform that detects heatlhcare fraud, waste and abuse, completed a $7 million Series A round of funding last week.  With this financing, FraudScope now has $10.5 million in total funding.  QED Investors, Brewer Lane Ventures and the GRA Venture Fund participated in the funding round, with support from existing investors Spider Capital, Mosley Ventures and...

Credit: Kaia Health

By Sara Mageit 05:00 am June 18, 2020
Digital therapeutics company for chronic conditions, Kaia Health, today announced that it closed a $26 million Series B funding round, bringing its total funds raised to date to $50 million.  The round was led by Optum Ventures, Idinvest and capital300 with participation from existing investors Balderton Capital and Heartcore Capital, as well as Symphony Ventures, an investment partnership with...
By Tammy Lovell 01:15 am June 15, 2020
Berlin-based healthtech startup, Doctorly, has raised USD $5.6m (€4.9m) in a seed round led by Speedinvest, followed by Target Global, Seedcamp, Force Ventures and UNIQA Ventures.  Also backing Doctorly are Calm/Storm ventures and Plug & Play.  WHAT THEY DO  Doctorly, founded in 2018, is a platform which aims to free doctors of the desk-based operating system (DOS), enabling them to spend...

Credit: UVLicht

By Rachel McArthur 11:44 am June 9, 2020
A UAE expatriate has just launched the country’s first homegrown portable steriliser brand, with versions available for healthcare professionals and everyday consumers.  The hospital grade UVLicht Sterilizer can reportedly disinfect personal items, such as mobile phones, keys, and bank cards. Available in Pro and Lite editions, the Pro device can also be used to disinfect small medical tools....