Investors

By Laura Lovett 03:16 pm December 16, 2019
This morning virtual behavioral health company NeuroFlow scored $7.5 million in Series A funding. The latest round was led by Builders VC with participation from Dreamit Ventures, Spring Point Partners, Red & Blue Ventures and AWT Private Investments.  This news comes a little over a year after the startup closed a $1.2 million round led by NJ JumpStart.  WHAT THEY DO  NeuroFlow uses a multi-...
By Laura Lovett 02:17 pm December 16, 2019
Late last week virtual care company VirTrial scooped up fellow telehealth startup SnapMD for an undisclosed sum. Virtrial, a portfolio company of Kinderhook Industries LLC, focuses on providing telemedicine services to the clinical trial industry.  Meanwhile SnapMD has been more centered around providing enterprise services to health systems. As part of the new acquisition SnapMD will be a...
By Dave Muoio 05:01 pm December 13, 2019
It has been a tumultuous week in the realm of digital health partnerships. It started with word of Proteus Digital Health’s floundering business and failed investment round, which reports say was partially driven by cooling relations between the digital pill maker and its longtime patron Otsuka Pharmaceuticals. A few days later, Sanofi announced a company-wide strategy shift that found Onduo, its...

Credit: Wingcopter

By Leontina Postelnicu 07:53 am December 13, 2019
We might be seeing more drones delivering life-saving medical supplies as German manufacturer Wingcopter announced today that it landed “seven-digit” financing from Singapore-based Corecam Capital Partners. The exact amount secured was not revealed. WHAT THEY DO Since its founding in 2017, the Darmstadt-based startup’s eVTOL (electric vertical take-off and landing) drones have been used in...
By Dave Muoio 01:33 pm December 11, 2019
The ink has settled on a $200 million growth equity investment for in-home fitness streaming platform iFit, the company’s parent ICON Health & Fitness announced today. Pamplona Capital Management led the raise. WHAT THEY DO iFit — which shares its parent company with workout machine makers NordicTrack, ProForm and Freemotion — has built a streaming platform for use on these companies’...
By Leontina Postelnicu 07:17 am December 11, 2019
Funding. London-based My Online Therapy, which provides a digital mental health service, has announced this morning that it landed £4.2m in funding from the Lighthouse Investment Group. The startup, founded in 2018, now plans to use the funds to expand its product and engineering teams and enhance customer operations, according to a statement. “Raising £4.2 million and reaching a post-money...
By Dave Muoio 09:37 am December 10, 2019
Remote vital sign monitoring company Current Health (formerly snap40) has completed an $11.5 million Series A round of financing headed by MMC Ventures, the Edinburgh, London and San Francisco-based company announced this morning. Legal & General played a major role in the raise as the heaviest backer and Current’s first corporate investor, with additional funds coming from Par Equity and...
By Dave Muoio 01:03 pm December 9, 2019
Proteus Digital Health, maker of an ingestible sensor system for treatment adherence monitoring, was forced to furlough many of its employees last month after a $100 million funding round didn’t close as expected, according to a weekend report from CNBC. These employees were brought back after about two weeks after Proteus was able to secure $5 million in emergency funding, according to the...
By Dave Muoio 11:00 am December 9, 2019
G Medical Innovations, a public Cayman Islands-based maker of real-time vital signs monitoring tools, announced last week that it raised $20.5 million (A$30 million) in investments over the course of three years from Luxembourg-based investment group GEM Global. WHAT THEY DO G Medical’s products allow providers to continuously monitor patients’ ECG, heart rate, SPO2, body temperature, blood...
By Jonah Comstock 03:58 pm December 6, 2019
After 10 years investing in healthcare for Sequoia Capital, Mike Dixon is moving to Transformation Capital, a dedicated healthcare investor focused on supporting commercialized, growth-sized businesses. Dixon joins former fellow Sequoia investor Todd Cozzens and Jared Kesselheim, all three of whom hold the title of managing partner at the firm. MobiHealthNews caught up with Dixon to talk about...