Investors

Piggy bank
By  Laura Lovett 03:15 pm June 15, 2021
Insurtech company Bright Health is heading to the New York Stock Exchange with an initial public offering of $60 million in shares. According to the company's SEC filing, the initial stock price is expected to be somewhere in the range of $20 to $23 per share. The Minneapolis-based company is shooting for a roughly $14 billion valuation in the new offering, Reuter's reports. This news comes less...
M&A
By  Laura Lovett 01:30 pm June 14, 2021
Direct-to-consumer telehealth company Hims & Hers is looking to go global with its new acquisition of British personalized health company Honest Health for an undisclosed sum. Founded in 2018, Honest Health specializes in providing hair-loss-related products to customers and currently has an exclusive relationship set up with a U.K. compounding pharmacy and fulfillment center. Like Hims...
By  Adam Ang 05:06 am June 10, 2021
Naluri, a Malaysian digital health service provider, has closed a Series A funding round where it raised $5 million from cornerstone investor Integra Partners of Singapore and previous investors Duopharma Biotech Berhad, Pathology Asia (via Biomark) and M Venture Partners. New investors also joined the financing event, including Hong Kong-based Sumitomo Corporation Equity Asia, Palm Drive Capital...
Hawthorne Effect
By  Laura Lovett 11:00 am June 9, 2021
This morning decentralized clinical trial platform Hawthorne Effect scored $20 million in Series A funding, bringing the company's total funding pot to $24 million. Northpond Ventures led the round with participation from SignalFire and P5 Health Ventures. WHAT THEY DO Hawthorne was designed to help capture clinical trial data points beyond a single clinical setting. Its Hawthorne Cloud tool was...
Doctor shows patient phone
By  Laura Lovett 01:15 pm June 8, 2021
Tech-enabled transplant company CareDx has announced its plans to acquire Transplant Hero, the maker of an app that helps people receiving new organs remember to take their medication. Currently, CareDx has its own app called AlloCare that is designed to help patients manage their health post-transplant. According to the company, Transplant Hero's tool will build out CareDx's cloud-based products...
Doctor with computer
By  Laura Lovett 02:36 pm June 7, 2021
This morning Mendel, a startup that uses artificial intelligence to help structure medical information, scored $18 million in Series A funding. DCM led the round with participation from Olive Tree, Zola Global Investors, Millennium Technology Value Partners, Launch Capital, SOSV, Bootstrap Labs and independent investors. This deal comes roughly four years after the company announced its first $2...
Telemedicine visit
By  Laura Lovett 10:55 am June 7, 2021
Looking to the Medicare space, hybrid primary care company One Medical has announced its plans to acquire Medicare-focused provider Iora Health for $2.1 billion. Like One Medical, Iora Health offers brick-and-mortar clinician offices as well as digital tools. Geared at the 65-and-older population, Iora assigns each member a provider, nurse and health coach. Both patients and their families can be...
piggy bank
By  Laura Lovett 03:53 pm June 4, 2021
Consumer genomics company Helix landed $50 million in a Series C funding round led by Warburg Pincus, DFJ Growth, Kleiner Perkins Caufield Byers, Mayo Clinic and Temasek. Helix is able to analyze customers' DNA and give them insights into their health and heritage, based on the user request. Users submit one sample of DNA, which the company stores and is able to pull when the client requests...
Babylon
By  Laura Lovett 11:58 am June 3, 2021
Digital health chatbot Babylon announced its plans to go public via a $4.2 billion SPAC merger with Alkuri Global Acquisition. The combined entity will operate as Babylon (BBLN) on Nasdaq. According to the company, the deal is expected to close in the second half of 2021. Leading up to going public the company announced its revenue had multiplied by five in 2020. Founded in 2013, the company got...
Digital pharmacy
By  Pamela Aldsworth 02:30 pm June 1, 2021
COVID-19 continues to fundamentally change the way patients receive healthcare services in America.  The pandemic has been an immense tragedy in human terms. However, it has led to a surge in digital health investment and an opportunity to create a future that will most certainly include unprecedented access to digital health applications that will dramatically improve lives. Telehealth, in...