April 4, 2014
Digital health funding reached nearly $700 million in the first quarter of 2014, according to a Rock Health report that only looked at companies that raised more than $2 million. The total funding this quarter grew 87 percent compared to the first quarter of 2013.
Rock Health looked at around 68 investments for its first quarter report. California-based companies received 32 percent of the...
March 28, 2014
Mountain View, California-based TrueVault has raised $2.5 million in seed funding according to TechCrunch, from a range of big name investors including FundersClub, Paul Buchheit, ScoreBig founder Joel Milne, and an LLC that includes Andreessen Horowitz, General Catalyst, Maverick, and Khosla Ventures, and Immunity Project founders Reid Rubsamen, Naveen Jain, and Ian Cinnamon.
The company, which...
March 27, 2014
San Antonio, Texas-based mobile healthcare company AirStrip has acquired the assets of wireless monitoring startup Sense4Baby and licensed the associated technology that the startup was founded on from the Gary and Mary West Health Institute. The companies did not disclose the financial terms of the transaction. Sense4Baby raised $4 million from The West Health Investment Fund in early 2013.
March 26, 2014
The multibillion dollar tech news this week is that Facebook is set to acquire virtual reality gaming company Oculus for more than $2 billion. During a call with reporters and analysts following the announcement, Facebook CEO Mark Zuckerberg explained that while Oculus will continue to focus on gaming in the short term, the deal was more about placing a bet on the next big computing platform...
March 25, 2014
Intel has confirmed its rumored acquisition of Basis Science, the activity tracker company that makes the high-end Basis B1 Band. Earlier this year TechCrunch first reported the Intel deal and pegged it at between $100 million and $150 million, however, Intel did not disclose any financial details of the Basis acquisition. At the beginning of 2014, we reported on rumors that Basis was soliciting...
March 25, 2014
San Francisco-based SharePractice raised $1.3 million from Founders Fund, China Rock and Scrum Ventures this week. The company also launched its iOS app, which lets physicians evaluate and comment on different treatments that clinicians suggest to their patients.
Physicians can share treatments, get feedback on treatments and protocols from other physicians, and favorite specific treatments and...
March 25, 2014
Patient education company WelVU raised $1.25 million from a group of angel investors last week.
CEO Mark Friess told MobiHealthNews the company's basic WelVU app has seen 3,000 downloads from providers after a few months in the iTunes store. This year, the company launched two new products -- a WelVU Plus app and WelVU Premium app.
WelVU's basic app for iPads and iPhones helps physicians create...
March 24, 2014
San Francisco-based Augmedix, which has developed a Google Glass clinical documentation offering for physicians raised $3.2 million last week in a round led by DCM and Emergence Capital Partners. Other investors included Great Oaks Venture Capital, Rock Health's LPs (Kleiner Perkins, Mohr Davidow Ventures, and Aberdare), and various angels. Emergence had previously invested in Doximity and...
March 19, 2014
Health management platform provider Welltok announced the acquisition of wellness app maker Mindbloom today. Welltok will incorporate Mindbloom into its CafeWell Health Optimization Platform. Financial details of the transaction were not released. Since its founding in 2008, Mindbloom has disclosed about $1.8 million in funding from Seattle-area angel investors.
"Welltok, for some time, has been...
March 18, 2014
Remote behavioral intervention startup AbilTo has raised $6 million in a second round of funding led by BlueCross BlueShield Venture Partners and Sandbox Industries. Also contributing to the round was .406 Ventures, which led a $3 million round for the company last year.
AbilTo is focused on identifying and remotely treating mental health comorbidities that can negatively affect recovery from...