Investors

By Dave Muoio 01:41 pm July 15, 2019
This morning Mahmee, a Los Angeles-based platform offering pre- and postpartum support to mothers and providers, announced $3 million in new funding headed by ArlanWasHere Investments. Other participants included Mark Cuban, Serena Williams’ Serena Ventures and Revolution’s Rise of the Rest Seed Fund. WHAT THEY DO Mahmee’s tool works within a provider’s IT system to link a mother and child’s...
By Dave Muoio 09:08 am July 15, 2019
Echelon Fitness Multimedia, maker of Echelon Fit connected spin bikes and on-demand digital workouts, has received an infusion of growth capital from North Castle Partners. The companies declined to specify the size of this investment, but told MobiHealthNews that it brings Echelon’s business to a total value of $100 million. WHAT THEY DO On the surface, Echelon Fit — a standalone entity launched...
By Laura Lovett 02:51 pm July 9, 2019
This morning precision medicine company GNS Healthcare announced a $23 million Series D raise. This latest investment round was led by Cigna Ventures with participation from Amgen Ventures, Celegene, Echo Health Ventures, Alexandria Venture Investments and Gary Loveman, the former CEO of Caesar and division president of Aetna.  WHAT THEY DO The company’s platform, dubbed REFS (Reverse Engineering...

Above: Screengrab of Synyi's website.

By Dean Koh 03:31 am July 9, 2019
Shanghai-based medical AI startup Synyi announced that it has raised RMB 250M ($36.3M) in Series C funding led by Chinese tech giant Tencent. Founded in 2016, Synyi started with Natural Language Processing (NLP) capabilities in the Chinese language and focused on hospitals’ demand for scientific research data, combining AI & HIT to create their first smart analytics platform. To solve the...
By Dave Muoio 02:48 pm July 5, 2019
The first quarter of 2019 may have been a tad slow, but the past three months have shown that investors are still ready to pony up for digital health companies of every shape and size. The $2.45 billion in fundraising that MobiHealthNews covered in April, May and June isn’t quite the highest quarterly total (that distinction goes to Q3 of 2018), but it came from an impressive 81 separate funding...
By Jonah Comstock 10:58 am July 4, 2019
With 12 deals, the second quarter of 2019 was lighter on M&A than some, but the acquisitions that did happen were major — like UnitedHealth Group acquiring PatientsLikeMe, Allscripts snapping up ZappRx, and even a small quiet Apple acquisition (which came to light this quarter but likely occurred before then). And mergers and acquisitions weren’t the only exits happening this quarter. Much...
By Dave Muoio 11:35 am July 2, 2019
Calm, which makes a meditation and sleep app of the same name, has tacked $27 million onto its previously announced $88 million Series B round thanks to new backing from Lightspeed Venture Partners, the investor shared in a Medium.com post. This add-on capital brings the startup’s total backing to $143 million. WHAT THEY DO Cofounders and co-CEOs Michael Acton Smith and Alex Tew founded Calm with...
By Dave Muoio 03:45 pm July 1, 2019
San Antonio, Texas-based Carenet Health — a maker of healthcare engagement, clinical support, telehealth and care navigation products — has acquired software maker Citra Health Solutions’ engagement and telehealth subsidiary, according to an announcement from the companies. While the deal's price tag was not disclosed, a representative of the companies told MobiHealthNews that Carenet is picking...
By Laura Lovett 03:16 pm July 1, 2019
In spite of predictions that digital health funding would slow in 2019, the industry is on track for yet another record-shattering year of funding, according to the latest Rock Health report. Now at the midway point, 2019 has seen a total of $4.2 billion dollars of digital health investment dollars by the agency's count.  “If this pace holds steady, the sector is on track for an $8.4 billion year...
By Dave Muoio 02:25 pm July 1, 2019
Belong.Life, maker of a social media app designed for those affected by cancer, has closed a $14 million Series B funding round. IQVIA led the round, which also included The Group Ventures and the startup’s existing vendors. WHAT THEY DO The company’s free Belong app allows patients with cancer or those caring for them to connect with and support others undergoing treatment for dozens of...