Investors

By Dave Muoio July 23, 2019
Flare Capital Partners has closed a second health tech investment fund totaling $255 million, a $55 million bump over its original target of $200 million due to interest from new strategic and financial investors, the venture capital firm announced today. “The logic for the size of the fund was really important,” Michael Greeley, general partner at Flare Capital Partners, told MobiHealthNews. “We...
By Dave Muoio July 22, 2019
The at-home exercise tech space has a new member as Pivot, service offering consumers recorded and live workouts that are tracked via sensor, has stepped out of stealth mode to unveil its launch later this year. The announcement coincides with that of a $17 million Series A funding round led by DCM, with additional participation from Bling Capital, Founders Fund, Khosla Ventures, Signal Fire and...
By Laura Lovett July 22, 2019
UpLift Health, a digital health company focused on treating depression, has landed $1 million in seed funding. This early funding round was led by Laidir Foundation, a Washington-based research and development organization.  WHAT THEY DO The Atlanta-based startup has created an app that employs cognitive behavioral therapy (CBT) to help users with depression. The platform includes 12 chatbot-...

Photo Credit: NYSE

By Dave Muoio July 18, 2019
It's been an exceptional Thursday for Chaim Indig, CEO and cofounder of 14-year-old digital health stalwart Phreesia. Since ringing the New York Stock Exchange’s opening bell at 9:30 a.m. sharp, he’s watched his company’s shares fly back and forth in the general range of $24 to $27 per share — about 40% to 50% above the initial $18 asking price.  “All of us were up there [on stage with the bell...
By Laura Lovett July 18, 2019
This morning British health tech company focused on cancer management Vine Health announced a £1.2 million seed round. This latest funding was led by Playfair Capital. WHAT THEY DO Founded by an all-female team including NHS physician Rayna Patel, CEO, and a data scientists Georgina Kirby, CTO, the company’s aim is to help cancer patients manage their condition and symptoms through an app,...
By Laura Lovett July 18, 2019
European tech giant Philips has inked a deal to acquire Medumo, a startup focused on tracking and triaging patients. The news, which CNBC first reported, means the small Boston-based company will now be joining Philip’s growing digital health portfolio.  “We're excited to share with you that Medumo is now a Philips company,” reads a banner on the Medumo website. “Our partnership with Philips will...
By Dave Muoio July 17, 2019
Following a major sales bump in the second quarter of 2019, Abbott Laboratories is planning to significantly ramp up manufacturing for its FreeStyle Libre continuous glucose monitoring system, the company shared during an investor’s call this morning. Specifically, the company highlighted a 72.9% increase in organic sales growth during the three-month period, reaching a worldwide total sales...
By Laura Lovett July 17, 2019
This morning DEARhealth, a startup offering artificial intelligence-enabled disease management software, announced that it landed $6.8 million in Series A funding. The new influx of cash was provided by Philips Health Technology Ventures, Vesalius Bio capital lll and Health Innovations.  This news comes just weeks after the startup announced that it is teaming up with pharma giant UCB on a new...
By Dave Muoio July 16, 2019
The first half of 2019 has been bigger for digital health than any year opening before it, according to a new funding report from Mercom Capital Group. While these conclusions were similar to those of MobiHealthNews and Rock Health, both released earlier this month, Mercom’s count pegged 2019’s to-date funding a bit higher at $5.1 billion raised through 318 deals (2018 saw $4.9 billion from 383...
By Laura Lovett July 16, 2019
Diabetes management startup Pops! Diabetes Care has scored $6 million in an oversubscribed Series A round. The round was led by 30Ventures with participation from Rise of the Rest Seed Fund and Flying Point Industries.  As part of the deal, 30Ventures Managing Partner George Arida joined the board. This isn’t the first infusion of cash for the startup. In 2017 it raised $1.2 million to bring its...