Investors

By Laura Lovett 02:59 pm October 2, 2019
At the beginning of the week Sleep Data, a California-based company best known for its positive airway pressure (PAP) system, announced that it raised $6 million in growth funding for its virtual care platform BetterNight. The investment comes from HCAP Partners, a debt and private equity firm, based in California.  WHAT THEY DO BetterNight is a digital tool catered to people with sleep apnea,...
By Laura Lovett 02:06 pm October 2, 2019
After a very active and lucrative Q1 and Q2, funding for digital health companies has cooled a bit in Q3, according to the latest Rock Health report. The raises came in at a total of $1.3 billion this last quarter, down from the roughly $2 billion seen in Q1 and Q2.  Additionally, the report points to three major trends this quarter: more mega deals over $100 million, companies exiting via IPOs...
By Dave Muoio 11:49 am October 2, 2019
Digital obsessive-compulsive disorder (OCD) identification and management platform NOCD has received $4 million in Series A funding. The round was headed by Chicago Ventures, with Glen Tullman’s 7Wire Ventures, Meridian Street Capital and Hyde Park Angels also participating. WHAT THEY DO NOCD’s app acts as a resource for individuals who have, or suspect they have, the condition. It features a...
By Laura Lovett 09:57 am October 2, 2019
CareStack, a cloud-based management tool for the dental industry, landed $28 million in new funding this morning. The latest round was led by Steadview Capital and Delta Dental of California.  This news comes roughly a year after the dental-focused startup announced a $16 million raise to open a new technology development office in Cambridge, Massachusetts.  WHAT THEY DO The company focuses on...
By Laura Lovett 11:46 am September 30, 2019
Tech-enabled medical education startup Amboss has raked in €30 million ($32.7 million) in Series B funding. The latest round of funding was led by Partech’s growth fund, with participation from Cherry Ventures, Wellington Partners and Holtzbrinck Digital.  WHAT THEY DO Founded in 2012, Amboss was developed as a digital resource to help medical students and professionals access information.  The...
By Laura Lovett 10:29 am September 27, 2019
Shortly after acquiring telemedicine company HeyDoctor, GoodRx, a digital cost transparency tool for medication, announced it is launching its own virtual care platform dubbed GoodRx Care, powered by HeyDoctor.  The company is positioning the new platform as a primary care tool that will allow patients to see a board-certified clinician on the cheap — stating that “most visits” are about $20. Its...
By Jonah Comstock 02:25 pm September 26, 2019
Connected fitness company Peloton priced its IPO last night, raising $1.16 billion with shares priced at $29 a piece. That price didn't hold for too long, with the company closing its day out at $25.76. According to Bloomberg, this makes Peloton the third-worst US trading debut in 10 years for companies that have raised at least $1 billion prior to their IPO. The dip may partly be tied to Peloton...
By Jeff Lagasse 02:25 pm September 26, 2019
Mednition, makers of machine learning-powered solutions for healthcare, announced Wednesday that the company has raised $10 million in a Series A round of funding led by healthcare private equity firm Concord Health Partners. Concord tapped its American Hospital Association Innovation Fund for the financing. WHAT THEY DO Burlingame, California-based Mednition was founded in 2014 to help...
By Laura Lovett 01:21 pm September 25, 2019
Behavioral health and wellness prediction company Catasys has inked a deal with banking firm Goldman Sachs to secure $45 million in debt financing.  WHAT THEY DO  Catasys uses artificial intelligence and data analytics to pinpoint health plan members who may have a behavioral health condition. The idea is to catch untreated mental illness before the issue becomes worse. The system then works on...
By Dave Muoio 12:28 pm September 25, 2019
Eko, maker of devices and platforms for monitoring heart function, has raised $20 million in Series B funding. The raise was led by ARTIS Ventures, and also includes DigiTx Partners, NTT Venture Capital (NTTVC), 3M Ventures, Mayo Clinic, Seaph Group and XTX Ventures. Eko closed its previous rounds in February of last year and early 2015. Today’s announcement brings the company’s lifetime capital...