January 6, 2014
Fitness incentivizing app GymPact has rebranded, changing its name to Pact and raised $1.5 million in a round led by Khosla Ventures and PayPal alum Max Levchin. This brings their total funding to $2.5 million.
Until now, Pact has offered users money only for exercising more, just so long as these users pay $5 if they don't make their goals. The money that users must pay for missing their goals...
January 6, 2014
Chevy Chase, Maryland-based startup MyOwnMed raised $1.3 million in funding this past December, according to an SEC filing from late last year.
The company, founded in mid-2013, is headed up by Founder and CEO Vicki Seyfert-Margolis, a former senior advisor of science innovation and policy to the FDA Commissioner's Office who has also worked in non-profit medical research circles, academia, and...
January 2, 2014
Digital health funding for 186 companies reached $1.97 billion in 2013, a 39 percent growth from 2012, according to a Rock Health report that only looked at companies that raised more than $2 million. The venture funding for digital health will also surpass medical device funding and is already doing better than other traditional healthcare sectors.
The report notes that crowdfunding also took...
January 2, 2014
MC10 raised $20 million from undisclosed investors, according to an SEC filing. The company has previously raised $40 million in first, second, and third round funding, bringing its total funding to $60 million. This latest round is the company's largest single round to date.
Previous MC10 investors include Medtronic, Aberdare Ventures, Northbridge Venture partners, Breamar Energy Ventures,...
December 26, 2013
It's clear that consolidation is finally starting to happen in mobile health.
In the third quarter of 2013, MobiHealthNews reported an unprecedented number of mobile and digital health acquisitions in a single quarter -- five. Depending on where you count Humana's acquisition of Healthrageous (which we reported on October 1st), the fourth quarter either matched or surpassed that...
December 23, 2013
1EQ, maker of a health information organizing tool for patients and providers, raised $1.1 million from Kensington Partners and the Ense Group. The first $200,000 was raised in February to get their minimum viable product out, the company said, and the rest was raised recently to create a scalable product and push this product into hospitals and clinics.
The company's platform integrates genomic...
December 20, 2013
Chicago-based Retrofit raised $5 million in a round led by Cambia Health Solutions with additional funding from Draper Fisher Jurveston. This brings the company's total funding to $15.7 million.
Cambia Health Solutions invested in Retrofit because of the company's personalized and tech-enabled model, the company said.
"Retrofit empowers consumers to make healthy lifestyle choices that are...
December 18, 2013
Maxwell Health, a web- and mobile-based "employee benefits operating system" has raised $6 million, bringing its total first round funding to $8 million. The round was led by existing investor Vaizra Investments, with contributions from new investor Catalyst Ventures and other previous investors Tribeca Venture Partners, Serious Change, Lerer Ventures, and BoxGroup, as well as undisclosed angels...
December 17, 2013
Chicago-based higi, a digital health company that powers health kiosks in thousands of retail locations in the US, acquired New York and Seattle-based challenges and rewards platform Earndit last month. Financial details of the transaction have not been disclosed. Higi is the brainchild of serial entrepreneur Michael Ferro, who is also the owner of the Chicago Sun-Times. The company officially...
December 16, 2013
Baldwinsville, New York-based Simple Admit raised $610,000 from angel investors, according to an SEC filing.
Simple Admit will use the money to enhance staff training capabilities, improve onboarding capabilities, and improve their technology, partly through the creation of an app, which will be done by the second quarter, CEO Mike Horning told MobiHealthNews.
Simple Admit is a web-based program...