Investors

By Laura Lovett 11:21 am August 15, 2019
This morning MyHealthTeams, a social network for chronic care patients, announced exclusively to MobiHealthNews that it landed $9.44 million in Series B funding. This round was led by Belgian pharma giant UCB, who has teamed up with MyHealthTeams on a number of initiatives in the past, notably on creating a spondyloarthritis focused social network.  Adams Street Partners, Qiming US Ventures, CVS...
By Laura Lovett 01:24 pm August 13, 2019
With a focus on femtech, MedAnswers announced that it landed $5 million in seed funding. This news comes in conjunction with the rollout of its new tool FertilityAnswers, dedicated to providing information to users trying to get pregnant.  The Los Angeles- and Barcelona-based startup was backed by lead funder Special Situations’ Life Sciences Innovation (LSI) Fund with participation from Viking...
By Dave Muoio 01:06 pm August 13, 2019
Baze, a subscription platform that ships personalized vitamin supplement packages based on home blood test results, has raised $6 million in Series A funding. Supplement and wellness product manufacturer Nature’s Way headed the investment. WHAT THEY DO Looking to cut back on unnecessary supplement consumption and the costs it ensues, Baze’s direct-to-consumer service first tests the user to see...
By Dave Muoio 01:23 pm August 12, 2019
Genneve, an online telehealth service serving women experiencing menopause, has raised $4 million in a funding round led by BlueRun Ventures. Maven Ventures, Startup Health and an unnamed angel investors also participated. WHAT THEY DO Founded by former Microsoft and Neutrogena executives, Genneve is a platform offering video appointments with practitioners specializing in menopause care. Users...
By Laura Lovett 03:33 pm August 9, 2019
Fitbit’s latest earnings call was a mixed bag for the wearable giant. The company’s revenue and device sales were up; however, the average price of the devices was down. This has led to the company to lower its revenue guidance by $95 million.  It appears to be continuing to focus in on its health division, which is seeing an uptick in year-over-year revenue, and is on track to meet its $100...
By Jonah Comstock 03:04 pm August 9, 2019
In Dexcom’s latest earnings report, executives reported not only growing revenues and sales volume for the company, but a sense that the whole category of CGMs has arrived and is transforming diabetes care for the better, noting trends observed at the recent annual meeting of the American Diabetes Association. “We have been on record for years telling that the future is ‘CGM First’ and we believe...
By Dave Muoio 02:22 pm August 9, 2019
Following another rough quarter, NeuroMetrix has sought outside help in an effort to restructure its business and is pivoting away from a direct-to-consumer business model for its wearable pain relief platform, Quell. “NeuroMetrix has good product lines and technology, and more broadly, the company has real value,” Dr. Shai Gozani, CEO and president of NeuroMetrix, told investors in a recent...
By Dave Muoio 01:15 pm August 8, 2019
Brooklyn-based Dadi, a direct-to-consumer male fertility testing and sperm storage startup, has closed $5 million in investment funding. The raise was led by TCG, with participation from prior backers firstminute Capital and Third Kind Ventures. Additionally, Flatiron Health CEO and cofounder Nat Turner and GIPHY CEO and cofounder Alex Chung joined as new angel investors. WHAT THEY DO Launched in...
By Laura Lovett 01:06 pm August 7, 2019
Nearly five years after Alphabet purchased DeepMind, an AI-focused technology entity, it is still continuing to report massive losses on the subsidiary. Yesterday DeepMind released its latest strategic report, revealing that its losses for the financial year were £470 million, or roughly $571 million. Deep Mind has been heavily involved in the healthcare space, using its AI platform for diagnosis...
By Laura Lovett 11:51 am August 7, 2019
Yesterday dieting app Zero announced that it has scored $2.8 million in new seed funding. This latest cash raise was led by True Ventures and Trinity Ventures. The money is an add-on to the company’s prior seed funding, bringing its grand total to $4 million this round.  Coinciding with this funding news is the announcement that Dr. Peter Attia will be named cofounder and chief medical officer....