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April 16, 2021
Less than a year after its launch, Cohere Health, maker of a care-collaboration platform, announced a $36 million Series B funding round.
Polaris Partners led this latest funding round with participation from new investors Longitude Capital and Deerfield Management. Existing investors Flare Capital Partners and Define Ventures also contributed.
Since its founding, the company has continued to...
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April 16, 2021
Fitness-focused digital health startup Pear Sports is buying fellow exercise company Pilates Metrics for an undisclosed sum.
As part of the deal, Pear will be able to integrate Pilates Metrics digital tools into its coaching and wellness offerings. Pilates Metrics brings to the table a digital platform that lets Pilates teachers and studios track, chart and share student progress.
The tool is...
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April 13, 2021
This morning, Vericred, a digital data company focused on the insurance and benefits space, announced a $23 million Series B funding round. Aquiline Technology Growth led the round with participation from Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners.
The company, which was founded in...
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April 12, 2021
Surgical robots developer EDDA Technology has closed a $150 million funding round; proceeds will enable it to capture untapped markets of intelligent surgical robots.
Masayoshi Son’s Softbank Vision Fund 2 led this round, along with global healthcare investment firm OrbiMed and Hong Kong-based 3W Fund. The company is also supported by Morningside Ventures, Matrix Partners China, SBCVC, BOCGI,...
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April 9, 2021
Tech-enabled, value-based primary care provider VillageMD is looking to public markets, according a Bloomberg report. The Walgreens-backed company uses a team-based model to provide care for patients.
Teams include pharmacists, lab techs, behavioral health counselors, nurses, physicians and other care givers.
The company has a hybrid approach to care that includes in-person clinics, virtual care ...
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April 7, 2021
Insurtech company Bright Health has snapped up telehealth startup Zipnosis for an undisclosed sum. The acquisition, which was first reported by MedCityNews, signals that the unicorn health insurance company is looking to strengthen its foothold in the telemedicine market.
According to a release by Zipnosis' financial officer, Cain Brothers, this deal will allow Bright Health to deliver...
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April 6, 2021
Digital healthcare billing company Inbox Health scored $15 million in a Series A funding led by Commerce Ventures with participation from Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations and I2BF Global Ventures.
This news comes roughly a year after the company closed its $3.5 million seed funding round.
WHAT IT DOES
The company is centered on...
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April 5, 2021
Hearing health company Olive Union landed $7 million in its Series B funding round. Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation led the round.
This news comes just months after the company released its latest smart wearable, the Olive Pro, which doubles as hearing aids and wireless earbuds. According to the company, this new round brings the total raise to $...
April 5, 2021
Canadian digital health company WELL Health Technologies has acquired medical software company Intrahealth Systems for just over $19 million.
As part of the deal, WELL Health will integrate Intrahealth Systems' EMR and clinical healthcare software into its services. Intrahealth works with a number of stakeholders, including health systems, public health centers and community centers.
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April 2, 2021
Digital health funding continued to explode in the first quarter of 2021. In Q1 MobiHealthNews reported on a whopping 99 digital health fundings equaling $7.1 billion in venture dollars. This number trumps the $2.9 billion reported in 2020's Q1.
While the number of fundings is on the rise, so is the amount as later-stage companies complete Series D and E rounds. For example, direct-to-consumer...