Investors

By Laura Lovett 01:25 pm June 17, 2020
Yesterday morning Doximity, a self-described social network for doctors, announced that it purchased healthcare-staffing firm THMED.  Following the acquisition, THMED will be changing its name to Curative and will be focusing on personalized medical-staffing searches. Specifically, it will be focusing on connecting medical groups and healthcare facilities to clinicians and will be “powered by”...
By Dave Muoio 12:05 pm June 17, 2020
Hydrow, maker of a connected rowing exercise machine for consumers, has announced $25 million in new investments, bringing the company's total capital raise to $52 million. L Catterton led the raise, which also included support from prior backers such as Rx3 Ventures. WHAT THEY DO Launched last spring, Hydrow’s consumer device delivers an in-home rowing workout supported by live or on-demand...
By Dave Muoio 02:51 pm June 16, 2020
Proteus Digital Health, maker of an ingestible sensor for tracking medication adherence, filed for Chapter 11 bankruptcy protection yesterday. The news comes months after word that the company had furloughed much of its staff, reassessed its high-profile partnership with Otsuka Pharmaceutical and shifted away from its primary focus area of mental disorder treatment. The "smart pill" maker...
By Laura Lovett 05:14 pm June 15, 2020
In an effort to further its foothold in the healthcare space, Walmart announced that it has acquired digital medication management company CareZone’s tech platform, patents and “key intellectual property.”  While CareZone will remain a separate, unrelated company, some of its employees on the product and tech team will be joining Walmart in order to help integrate the system. The platform caters...
By Mallory Hackett 02:59 pm June 12, 2020
Conversa Health, an automated virtual care communication platform, closed $12 million in a Series B funding this week. The round was co-led by Builders VC and Northwell Ventures and included investments from  P5 Health Ventures, Nassau Street Ventures and UH Ventures. With this, Conversa has raised more than $26 million in funding. WHAT THEY DO Conversa partners with health systems to virtually...
By Dave Muoio 02:41 pm June 12, 2020
As per a new SEC filing, mindfulness and meditation app Headspace has built on February's Series C raise with an additional $47.7 million in funding, bringing the round's equity total to $100.7 million. The company told CrunchBase News, which first spotted the filing, that all of the company's lead investors from its prior rounds took part. WHAT THEY DO Santa Monica-based Headspace’s best known...
By Mallory Hackett 12:24 pm June 12, 2020
Kyruus, a provider search and scheduling tool for health systems, announced yesterday that it has garnered $30 million in funding from Francisco Partners. In late December, Kyruus scored $42 million in Series D funding. With this new investment, the company’s total funding is over $155 million. WHAT THEY DO Kyruus delivers search and scheduling to let health systems connect patients with the best...
By Sofia Noori and Dan Gebremedhin 10:59 am June 12, 2020
  About the authors: Dr. Sofia Noori (@sofianoori) was a member of the 2019 Flare Capital Partners Scholar Class and is currently a psychiatry resident at Yale School of Medicine. She is the curriculum lead for Innovation to Impact, a substance use entrepreneurship program funded by the National Institute for Drug Abuse. Dr. Dan Gebremedhin (@dangebremedhin) is a partner at Flare Capital Partners...
By Mallory Hackett 01:46 pm June 11, 2020
RapidSOS received $21 million in funding, the emergency response technology company announced today. The funding round was led by Transformation Capital and included support from C5 Capital, Laerdal Million Lives Fund and existing investors.  WHAT THEY DO The New York-based company developed its digital platform to provide free critical data to first responders in order to make faster and smarter...
A stethoscope rests on dollar bills
By Dave Muoio 04:51 pm June 10, 2020
To say that COVID-19 and recent social unrest have placed the economy in an unusual situation would be nothing short of an understatement. The past few months have seen tens of millions of Americans file for unemployment, businesses across the country shut down and tentatively resume services, major heated gatherings in the streets of major cities, and many policymakers still holding their breath...