Investors

By Dave Muoio 02:41 pm November 5, 2019
Scanwell Health, maker of a smartphone-based platform for home urinary tract infection screening, has raised $3.5 million in seed funding. Founders Fund, Mayfield, DCM, Version One, Y Combinator and Liquid 2 Ventures all participated in the round. The startup paired this announcement with the reveal of a new partnership with telehealth service Lemonaid Health that will bring its UTI platform to...
By Laura Lovett and Dave Muoio 09:53 am November 1, 2019
After a month of rumors, this morning Google and Fitbit announced that the former has officially purchased the wearable giant for roughly $2.1 billion, or $7.35 per share, in cash. Fitbit stressed that its devices will remain platform-agnostic across the Android and iOS ecosystems. Still, a blog post from Google discussing the acquisition made it clear that we can also expect to see some Google...
By Dave Muoio 01:48 pm October 31, 2019
Roughly two years after the fact, digital healthcare advertiser Outcome Health is finally closing the loop on its ad fraud scandal. Yesterday the Chicago-based company and the US Department of Justice announced a $70 million settlement alongside an admission that the company’s former executives and employees sold falsified advertising inventory from 2012 to 2017. “Outcome Health deceived its...
By Dave Muoio 04:06 pm October 30, 2019
Mirror, a fitness content streaming device that users can hang and use like a traditional full-length mirror, has raised $34 million more in a Series B-1 funding round headed by Point72 Ventures. Others now backing the startup include athletic apparel retailer lululemon, LionTree LLC and individual backers including Karlie Kloss, Kevin Huvane and Steve Lockshin. Prior investors Spark Capital and...
By Laura Lovett 01:35 pm October 30, 2019
This morning FundamentalVR, a digital health company that uses virtual reality to help train clinicians, closed a $5.67 million Series A round. Downing Ventures led the round with participation from Tern PLC, Epic Private Equity and Brighteye Ventures. Approximately $600,000 of that funding came in the form of a convertible loan note.  WHAT IS THIS FundamentalVR’s surgical training platform...
By Laura Lovett 03:10 pm October 29, 2019
Last week Emirati startup Meddy scored $2.5 million in Series A funding for its doctor search and booking platform. The latest infusion of cash was led by Modus Capital with participation from 212 Capital, QSTP, Kasamar Holdings, Dharmendra Ghai, Innoway and other unnamed investors.  As part of the funding news the company named Kareem Elsirafy, a partner at Modus Capital, as a new board member...
By Laura Lovett 01:32 pm October 29, 2019
This week Rock Health released a new report conducted in partnership with Stanford University that analyzes how the consumerization of healthcare is shaping the future of the industry. It broke down three major trends: how patient data is creating opportunities and challenges in the field, how online health information is changing the provider relationship and attitudes over a consumer’s...
By Dave Muoio 12:05 pm October 29, 2019
Weave, a Utah-based software startup tackling patient communications for various medical specialties as well as dentistry and optometry, has brought in a $70 million Series D funding round, bringing the company to a total valuation of $970 million. New backer Tiger Global Management led the raise, with prior investors Catalyst, Bessemer, Crosslink, Pelion and LeadEdge also contributing. WHAT THEY...
By Laura Lovett 03:43 pm October 28, 2019
Last week Avia, a digital health insights and consulting service, announced that it raked in $22 million in new funding. First Trust Capital Partners led the round with participation from Sumitomo Corporation of Americas and Ziegler.  As part of the news, Avia has also named Jon Phillips, the managing director and head of private equity at First Trust Capital Partners, and Darren Dworkin, the SVP...
By Laura Lovett 02:34 pm October 28, 2019
This morning Sensely, an artificial intelligence chatbot that helps users navigate insurance benefits, announced a $15 million raise. The latest funding round was led by Aflac Corporate Ventures with participation from NMC, Nippon Life Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma and Silicon Valley Bank.  WHAT THEY DO  Sensely uses avatars to help users...