Investors

By Dave Muoio 12:05 pm June 28, 2019
Months after the first rumors began to swirl, chronic disease management startup Livongo Health has officially filed for an IPO on the Nasdaq Global Select Market. The company has not yet determined a price range or the number of shares going on offer. Morgan Stanley & Co., Goldman Sachs & Co. and JP Morgan Securities will serve as the lead book runners. Sources close to Livongo told...
By Laura Lovett 02:30 pm June 27, 2019
Pain relief-focused health tech startup Oska Wellness landed $5.5 million in funding yesterday. The new cash comes from a collection of 11 individual investors, as well as venture funds GlobalLink1 Capital and Falls Angel Fund.  WHAT THEY DO  The California-based startup developed a device to help pinpoint and reduce a user’s pain. Using pulsed electromagnetic field therapy, the wearable device ...

Members of the MassChallenge HealthTech team pose with the team from Diamond Award winner 1UP Health. (Photo courtesy MassChallenge).

By Jonah Comstock 03:08 pm June 26, 2019
Correction: A previous version of this article misstated the startups' total revenue generated. MassChallenge HealthTech, the mentorship-based healthtech accelerator, graduated its third class at an event in downtown Boston yesterday, as well as awarding $200,000 in prizes to startups. “Today we’re recognizing and celebrating entrepreneurship that thinks and acts outside the box, and that...
By Laura Lovett 02:42 pm June 26, 2019
Tech-enabled urgent care provider Remedy this morning announced a $10 million Series A funding round led by Santé Ventures, an Austin, Texas-based firm with a focus on healthcare and the life sciences.  As part of the deal, Dr. Joe Cunningham and Doug French, both managing directors at Santé Ventures, will be taking seats on Remedy’s board.  WHAT THEY DO Remedy provides both video conferencing ...
By Dave Muoio 02:22 pm June 26, 2019
San Francisco-based digital chronic disease management company Omada Health has closed a $73 million funding round led by Wellington Management Company. Cigna Ventures, Andreessen Horowitz, U.S. Venture Partners, Norwest Venture Partners, Kaiser Permanente Ventures, Sanofi Ventures, Civilization Ventures and Providence Ventures also contributed. WHAT THEY DO Omada offers a slew of digital...
By Dave Muoio 12:17 pm June 26, 2019
DayTwo, an Israeli company that analyzes gut microbiomes to assist with nutrition and glycemic control, has raised $31 million in Series B financing. Ofek Ventures and aMoon led the round, with additional support coming from prior backers Seventure Partners and Johnson & Johnson. With this, the company brings its total backing to $48 million. WHAT THEY DO DayTwo’s platform asks patients to...
By Laura Lovett and Dave Muoio 03:39 pm June 24, 2019
UnitedHealth Group has acquired online patient community portal PatientsLikeMe as of June 19, according to an announcement sent out via email to members of the latter's DigitalMe study this afternoon. The announcement explains that as part of the acquisition, the startup will now become part of UnitedHealth Group’s research arm that focuses on healthcare improvements and innovation.  “This...
By Jonah Comstock 02:17 pm June 24, 2019
Evidence is mounting that 2019 is going to be the year of the digital health IPO, and the latest to run up that flag is Phreesia, a digitial health company that has been quietly innovating in the patient check-in space for more than a decade. New York City-based Phreesia announced today the filing of its S-1 form with the SEC, though the number of shares being offered and their initial value are...
By Joshua Barrett and Dan Gebremedhin 11:41 am June 21, 2019
About the Authors: Joshua Barrett is a member of the 2019 Flare Capital Partners Scholar program and a third-year medical student at Georgetown University School of Medicine, who completed his MBA at the Columbia Business School. He plans to pursue a career in healthcare technology or life sciences investing. Dr. Dan Gebremedhin (@dangebremedhin) is a partner at Flare Capital Partners, a...
By Jonah Comstock 02:15 pm June 20, 2019
Providence St. Joseph health spinout Xealth, which aims to create a prescribing infrastructure for digital health apps, has raised $3 million in new funding, an add-on that brings its previously announced Series A up to $14 million and the company’s total funding to $22.5 million. The three new investors in the round are all health systems who will be using the app with their doctors and patients...