Investors

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...
By Jonah Comstock 03:58 pm June 19, 2019
Digital chronic condition management company Vida Health has raised $30 million in a strategic Series C round. Contributors to the round included Florida Blue parent company GuideWell Mutual Holding Corporation, telemedicine giant Teladoc Health and Workday Ventures, the investment arm of enterprise cloud software company Workday, all of which also announced new partnerships or integrations with...
By Dave Muoio 03:25 pm June 17, 2019
Quartet Health, a startup focused on behavioral health and primary care, has brought in another $60 million in funding, bringing its total raise to $153 million. The Series D round was headlined by Centene Corporation, with support from returning backers F-Prime Capital Partners, GV, Oak HC/FT and Polaris Partners. WHAT THEY DO Quartet’s integrated platform links providers, payers and services...
By Dave Muoio 12:10 pm June 17, 2019
Collective Health, an employee benefits platform that uses predictive analytics to match employees with programs, has raised $205 million in a Series E funding round led by SoftBank. New backers PSP Investments, DFJ Growth and G Squared also participated alongside returning backers Founders Fund, GV, Maverick Ventures, Mubadala Ventures, NEA and Sun Life. WHAT THEY DO Since its launch in 2013,...
By Dave Muoio 03:05 pm June 14, 2019
ZappRx, a digital specialty prescription and prior authorization platform, has been purchased by EHR vendor Allscripts for an unknown sum. CNBC broke the news yesterday, which MobiHealthNews confirmed with Allscripts. CNBC’s sources said that the deal’s value did not exceed the total that investors poured into ZappRx, which Crunchbase pegs at $41 million. Founded in 2012 and based in Boston,...
By Laura Lovett 01:14 pm June 14, 2019
Perhaps it’s no surprise that the startup scene is thriving in a culture known for braving harsh conditions. And while the startup world isn’t quite a wintry Finnish blizzard, it is known to test its founders and employees’ fortitude. Within the last decade Finnish digital health startups such as Meru and Kaiku have emerged as up-and-coming players on the European health scene.  Both the private...