Investors

By Laura Lovett 02:22 pm 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...
By Dave Muoio 01:34 pm July 16, 2019
Wave, a subscription app and connected foam cushion for at-home meditation, has launched with $5.65 million in seed funding. CrossLink Capital, Lerer Hippeau Ventures, Collaborative Fund and Ludlow Ventures were named as the company’s backers in this morning’s announcement. WHAT THEY DO The core of Wave’s consumer offering is an app-based service ($9.99 per month, $99.99 for a year) that looks to...

Above photo: Tomoko Inoue, CEO of OMRON Ventures. Credit: OMRON Ventures

By Dean Koh 01:45 am July 16, 2019
With a background in biomedical science and rich experience in medical device venture capital investment, Tomoko Inoue possesses the technical, operational and business knowledge of what makes medtech startups successful – a role perfectly suited for her current role as the CEO of OMRON Ventures.  She believes that in a hyper aging society like Japan, there is a big need for smart infrastructure...
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...