December 9, 2013
Qualcomm Life Fund's Jack Young
More than $4 billion has been invested in digital health startups in the past three years, Qualcomm Life Fund's director Jack Young told attendees at HIMSS' Venture+ event at the mHealth Summit this week, and that means those investors are expecting a total return of about $15 billion in the next five to seven years. Young said the excitement in digital health...
December 9, 2013
San Francisco-based Practice Fusion, which offers providers free electronic medical records software and patient management tools, has added another $15 million to its coffers, bringing its latest round of funding up to $85 million. Qualcomm Life Fund led the round with participation from new backer Longitude Capital and returning Practice Fusion investors Artis Ventures, Industry Ventures and...
December 9, 2013
DreamIt Health's Elliot Menschik
It's not uncommon for startups to fail, but DreamIt Health's Managing Director Elliot Menschik and Psilos Group cofounder Lisa Suennen have noticed that some failures are more common than others. Specifically, the two investors said a poorly set up team or a startup that isn't willing to change with technology leads to problems later on.
While Menschik focuses...
December 5, 2013
Respii, from QoL Devices
A new tech accelerator, focused exclusively on wirelessly connected devices, announced its first class -- and three health-related companies are among the ranks. The RGA Accelerator, a collaboration of TechStars and digital consulting firm R/GA, launched in September with a special focus on "startups that are creating physical products and connected applications."
December 4, 2013
Misfit Wearables raised $15.2 million in a round led by Hong Kong-based Li Ka-shing's Horizons Ventures, according to TechCrunch. Former investors Founders Fund, Khosla Ventures, Norwest Venture Partners, O'Reilly AlphaTech Ventures, Paypal co-founder Max Levchin and incTANK also participated in the round. This brings Misfit's total funding to $23.8 million, including their Indiegogo campaign...
December 2, 2013
Boston-based Rest Devices, maker of baby tracking device Mimo, raised $1.2 million from Experiment Fund, Andy Palmer (Founder of Koa Labs), and Nuland & Arshad, according to an SEC filing. The company will use the money to bring its product to market.
"We are launching sales in mid January as well as bringing two additional products to market and growing our team," cofounder Dulcie Madden...
November 21, 2013
A non-health related demo of Fluential's software.
Billionaire doctor Patrick Soon-Shiong's Nant Health is making a big investment in voice interfaces for healthcare. The company is investing $8 million in Fluential, a stealthy but longstanding company working on "of speech optimization and deep language understanding tools for mobile devices, wearables and consumer 'personal assistant'...
November 20, 2013
Learn It Live's Alere-branded offering.
Healthbox has announced its seventh class of health startups and its second class in its home city of Chicago. The new class is sponsored by State Farm, and a number of hospitals and health systems in the midwest are partnering with Healthbox, namely St. Louis-based Ascension Health's Chicago-based health ministry; Alexian Brothers Health System;...
November 14, 2013
A billion dollar sports brand just stepped up its digital health game in a big way.
Baltimore, Maryland-based athletics apparel company Under Armour is acquiring Austin, Texas-based MapMyFitness for a reported $150 million. MapMyFitness, which has about 20 million registered users now -- up from 13 million in January -- offers running, biking, and walking apps and social networks that integrate...
November 12, 2013
Scanadu, the Moffet's Field, California-based personal health scanner company, has raised $10.5 million and announced its participation in the Scripps Wired for Health trial.
The round was led by Relay Ventures, with additional support from VegasTechFund, Ame Cloud Ventures, the Broe Group, Mindful Investors, and RedMile Group. VegasTechFund is led by Zappos alum Tony Hsie and Ame Cloud Ventures...