Investors

By Laura Lovett 04:05 pm October 23, 2019
While 2019 is projected to have fewer digital health deals than 2018 — the first dip in five years — the estimated amount of funding pouring into the space continues to grow year over year, according to a new report by the Silicon Valley Bank.  Last year digital health companies worldwide raised a total of $7.21 billion, according to the report. This year the projected amount is up to $7.88...
By Laura Lovett 04:25 pm October 22, 2019
Yesterday an SEC filing revealed that AliveCore, mobile ECG maker, raised $5.78 million in new funds. The filing, which was first spotted by Exits & Outcomes’ Brian Dolan, lists the company’s total offerings at $9.1 million, leaving roughly $3.4 million left on the table to be sold to potential investors. This investment grows on the $30 million it raised in 2017, which was led by the Mayo...
By Dave Muoio 12:10 pm October 22, 2019
Octave, a startup behavioral health practice that blends in-person therapy with virtual coaching services, has collected $11 million in Series A funding. The raise was led by Greycroft and supported by Obvious Ventures. The announcement also coincides with news of a partnership that establishes Octave as an in-network provider for Anthem Blue Cross of California. In addition, it is opening two...
By Dave Muoio 12:05 pm October 21, 2019
Fitt, a digital platform that highlights local fitness and wellness options for consumers, has closed a round of funding led by Mountain State Capital. Riverfront Ventures and prior backer TNC Ventures also participated, as did wellness business management software company MINDBODY, which is coming on board as a strategic partner. The startup did not specify the value of the raise. WHAT THEY DO...

Photo credit: Rock Health 

By Laura Lovett 11:51 am October 15, 2019
A decade ago digital health was a relatively new term, largely without name recognition. Today, the venture dollars tell a new story, with $8.1 billion poured into the space in 2018 alone, according to a Rock Health report. Still, most healthcare stakeholders agree digital health is still in its early days and is grappling with questions about its place in the health ecosystem.  Founded in 2010,...
By Jonah Comstock 03:22 pm October 14, 2019
Atlanta-based Florence Healthcare, a maker of software for clinical trials, has raised $7.1 million in a Series B funding round led by Fulcrum Equity Partners, with additional participation from Atrium Health and Bee Partners. The round brings the company's total funding to at least $8.8 million, with a $1.7 million seed round from 2016. WHAT THEY DO Not to be confused with the UK social care...
By Dave Muoio 01:04 pm October 14, 2019
Australian digital medication management platform MedAdvisor has raised $11.5 million (17 million Australian dollars) through placement investment headed by Texas-based HMS Holdings, which now claims an approximately 13% ownership stake in the platform as a result of its $7.5 million strategic investment. MedAdvisor initially sought to raise just over $10 million (15 million Australian dollars)...
By Jonah Comstock 03:57 pm October 10, 2019
It may have been easy to miss, given the excitement of the quarter’s IPOs, but the third quarter of 2019 was actually a light one for digital health mergers and acquisitions, with just 10 deals — compared to 17 in Q1 and 12 in Q2. As usual, we’ve ordered acquisitions by price first, then chronologically for the unknown terms — which is most of them. It’s worth noting that the quarter also saw...
By Dave Muoio 03:50 pm October 10, 2019
Digital chronic disease management company Omada Health has added onto June’s $73 million funding round with a new strategic investment from Intermountain Ventures. The terms of the deal were not disclosed. WHAT THEY DO Omada pitches its digital coaching programs as a scalable and convenient approach to chronic disease management. The company’s products address hypertension, Type 2 diabetes,...
By Dave Muoio 11:53 am October 10, 2019
Sentio, a behavioral health startup offering an emotion-sensing wearable and a connected support app, has raised $4.5 million in seed funding. The round was led by Felicis Ventures, with additional support from Anthemis Exponential Ventures and SOSV, and brings the company’s total raise to $6.3 million. WHAT THEY DO Sentio’s Feel platform is headlined by the Feel Emotion Sensor, a wristband that...