Investors

By Laura Lovett July 30, 2018
Monday morning Olive, a healthcare software company that employs artificial intelligence to automate provider workflows, announced that it closed a $32.8 million Series D financing round led by Oak HC/FT and Ascension Ventures.  “Hospital operations have grown unsustainably complex as providers must adopt new technologies, workflows, and regulations with increasing frequency in order to provide...
By Laura Lovett July 27, 2018
Online fitness membership platform ClassPass has scored $85 million in a Series D funding round led by Singapore company Temasek, with participation from L Catterton's Growth Fund.  “Fitness has become more personalized, and ClassPass represents an opportunity to invest behind a market leader that is well positioned for growth,” Michael Farello, co-managing partner of L Catterton Growth Fund, who...
Ciitizen raises $3M for personal health records

Anil Sethi speaking at PMWC18 in June. Credit:  Ciitizen on Twitter

By Jonah Comstock July 26, 2018
Ciitizen, the health records tech company founded by ex-Appler Anil Sethi, has raised $3 million from Andreessen Horowitz's a16z Bio Fund. While Andreessen Horowitz General Partner Vijay Pande confirmed the investment in a blog post, the amount was reported by CNBC and hasn't been confirmed by MobiHealthNews. A relatively young startup, Ciitizen is currently known mostly for the pedigree of its...
By Laura Lovett July 26, 2018
This morning Scottish artificial intelligence healthcare company snap40 revealed that it closed an $8 million seed funding round led by ADV, with participation from MMC Ventures and other private investors.  snap40's offering is a system that monitors patients using a unique wearable device that employs AI and can alert clinicians if a patient’s condition is deteriorating. The company claims the...
By Dave Muoio July 25, 2018
Clinical trial technology company Medidata boasted consistent gains in revenue and income for the second quarter of 2018 during yesterday’s earnings call to investors. Referencing these numbers, last month’s acquisition of Shyft Analytics, recent high-profile contracts, and increased recognition from industry analysts, Medidata CEO and Chairman Tarek Sherif said that his company is performing...
23andMe lands $300 million investment from GlaxoSmithKline

23andMe kits at a Beverly Hills event in 2017. Credit: Matt Winkelmeyer, Getty Images

By Bernie Monegain July 25, 2018
23andMe on Wednesday announced that GlaxoSmithKline has invested $300 million to gain exclusive access to the genetic testing startup’s DNA database.  The deal comes as GlaxoSmithKline amid reports that GSK is weighing the possibility of a company breakup and investors contending that synergies between consumer markets and big pharma are inherently limited and that GSK’s pharmaceuticals business...
By Dave Muoio July 25, 2018
San Mateo, California-based HealthCrowd, maker of an enterprise platform for digital patient communications and analytics, announced today that it has closed a $7.2 million funding round let by TVC Capital. Startup Capital Ventures and Healthy Ventures returned to further fund the company, along with other unnamed backers. “We are proud to have built a strong and sustainable business,” Neng Bing...
By Jonah Comstock July 25, 2018
Aaptiv, a fast-growing New York-based digital fitness content-maker, has added a follow-on investment from Bose Ventures, the investment arm of technology company Bose Corporation, to its recent $22 million Series C round, bringing the total up to $23 million. “Closing our Series C was a significant milestone for Aaptiv. We are honored to now be supported by Bose, a global leader and innovator in...
By Dave Muoio July 24, 2018
Mountain View, California-based sleep tech company Beddr has closed $5.6 million in Series A funding and unveiled its flagship product, the Beddr SleepTuner. The funding round was led by Three Leaf Ventures, with additional participation from the Stanford-StartX Fund, Delta Dental Washington Seed Fund, IT Farm, and other unnamed individuals. Beddr CEO and cofounder Michael Kisch told...
By Laura Lovett July 24, 2018
Things are tough for women working in healthcare, according to a new report by RockHealth. The report, which includes a mix of online sources and survey responses of hundreds of women in the industry, found the percentage of women represented in digital health leadership particularly lacking.  In fact, only 10.2 percent of CEOs at digital health startups are women, which is up from 8.8 percent in...