Investors

By  Laura Lovett 03:04 pm October 6, 2020
A new startup called Abridge launched this morning, fueled by $15 million in funding. The new platform was designed to help patients follow their provider’s advice, and to educate users about their health.  The Seed and Series A round was led by Union Square Ventures and UMPC with participation from Bessemer Venture Partners, Pillar, KdT Ventures and angel investors.  The platform lets patients...
By  Dave Muoio 12:09 pm October 6, 2020
ICON Health & Fitness, the parent company of consumer connected fitness equipment brands like NordicTrack, Freemotion and iFit, has raised a $200 million growth investment. The company said that the funding was led by L Catterton, with participation from prior backer Pamplona Capital Management. WHAT IT DOES Founded in 1977 as an import business, Utah-based ICON first stepped into the home...
By  Dave Muoio 01:49 pm October 5, 2020
Just nine months into the year, 2020 has already hit a digital health fundraising high note as investors up their ante in coronavirus-affected health tech markets such as on-demand healthcare services or fitness and wellness platforms, per Rock Health's latest quarterly report. The digital health-focused venture capital firm reported $4 billion in U.S.-based digital health startup investments...
By  Laura Lovett 12:07 pm October 5, 2020
This morning Your.MD, a digital symptom checker and personal health tool Healthily, scored $30 million in Series A funding. The latest round of funding was driven by Reckitt Benckiser (RB), a consumer health company. WHAT THEY DO The London-based startup was founded in 2015. Its tool was designed to help patients make decisions about their health, including when to see a doctor and what level of...
By  MobiHealthNews 02:41 pm October 2, 2020
The first six months of the year have painted a picture of extraordinary investor interest in digital health, but no quarter has made a stronger case than the past three months of record-breaking fundraising. In Q3 2020, MobiHealthNews covered an unprecedented 109 investment deals and announcements that brought a total of more than $4.6 billion to digital health startups and health tech...
By  Dave Muoio 02:39 pm October 1, 2020
Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree Acquisition Corp. The reverse merger is expected to close in the fourth quarter of 2020, and places the combined entity at a roughly $1.6 billion...
By  Dave Muoio and Laura Lovett 01:20 pm October 1, 2020
ScriptDrop, a startup that works with pharmacies to deliver on-demand prescriptions, has raised $15 million in a growth round, bringing its total fundraise to $27 million. Oio Innovation Fund, M25 and Rev1Ventures all returned to take part in the investment.  ScriptDrop works with couriers to coordinate same-day delivery, and offers pharmacies a direct integration with their system to enable more...
By  Laura Lovett 02:30 pm September 30, 2020
While the economy has been volatile during the pandemic, digital health companies to strike deals with investors raking in more money than ever before.  "We’ve already surpassed $7.5 billion in funding and are on track for this year to be the biggest funding year yet in terms of US-based digital health companies," Megan Zweig, chief operating officer at Rock Health, said during a fireside chat at...
By  Dave Muoio 11:10 am September 30, 2020
Siren, a smart textile company known for its temperature-monitoring socks, has added another $9 million to an $11.8 million Series B raise from early summer. The latest raise adds new backers Manta Ray, Mighty Capital and David Helgason to the company's Series B round, which included names like Anathem Ventures, Khosla Ventures, DCM, Founders Fund and other prior investors. WHAT IT DOES Founded...
By  Laura Lovett 05:00 pm September 29, 2020
Mega insurer UnitedHealth Group is now looking into the digital pharmacy space with reports that it has acquired DivvyDose. The acquisition, which was first reported by CNBC’s Christina Farr based on an anonymous source, is estimated to be worth approximately $300 million.  The company’s model is similar to Amazon’s PillPack. The startup is able to ship users their medications in pre-sorted packs...