Investors

By  Laura Lovett 02:01 pm February 15, 2021
This morning Cohort, a care management platform centered around at-risk populations, scored $11 million in Series B funding. F-Prime Capital led the round, with participation from Town Hall Ventures.  The company built an AI-enabled platform that works with health systems and providers with the aim of "closing the gap" in care. Historically, Cohort has worked with value-based care providers. "EHR...
By  Dave Muoio 03:50 pm February 12, 2021
Digital therapeutics have been plodding on a steady path toward acceptance within healthcare, but the modality reached new heights during a year of unprecedented adoption for digital health technologies. More and more software-based treatments are picking up regulatory approvals – including three De Novo clearances in 2020 alone – while the ongoing COVID-19 pandemic has exposed more consumers,...
By  Dave Muoio 02:33 pm February 11, 2021
Data-driven emergency response platform RapidSOS announced this week the close of an $85 million Series C funding round led by Insight Partners. With this, the company has raised about $200 million from investors to date. WHAT IT DOES RapidSOS aims to provide emergency responders with accurate, real-time health and location data before they arrive on the scene. The company's platform collects a...
By  Dave Muoio 12:29 pm February 11, 2021
San Francisco-based mental health and wellness platform Modern Health has kept its foot on the gas throughout the COVID-19 pandemic. Today it announced a $74 million Series D funding round just a few months after a $51 million Series C closed in October and formally announced in December. The new investments peg Modern Health's lifetime funding to more than $170 million, the company said, and its...
Zocdoc app examples on smartphone screens
By  Laura Lovett 11:29 am February 11, 2021
This morning Zocdoc, a health tech company best known for its appointment-booking and doctor-search tool, announced a whopping $150 million raise, led by Francisco Partners. Zocdoc was first founded in 2007, which as digital health companies go makes it a veteran in the space. This isn’t the company’s first major raise. In 2015, it scored $130 million. WHAT IT DOES? Patients can use the platform...
By  Laura Lovett 03:10 pm February 10, 2021
Neurology-focused company Flow Neuroscience has purchased fellow med tech company Halo Neuroscience for an undisclosed sum. The pair both focus in brain stimulation technology to improve outcomes. However, historically Flow has zeroed in on the depression space, and Halo was best known for its movement performance enhancements. As part of the deal Flow will be purchasing Halo’s technology, R&...
By  Dave Muoio 03:22 pm February 9, 2021
Theator, a Palo Alto company building an AI and computer vision platform for surgeons, has brought in a $15.5 million Series A round. Insight Partners led the raise, which also included new backer Blumberg Capital, prior investors NFX, StageOne Ventures, KdT Ventures, iAngels and a slew of individual investors. Theator's platform focuses on streamlining pre-operative preparations and post-...
Person signs document
By  Dave Muoio 11:59 am February 9, 2021
Nuance Communications, the Boston-based maker of various conversational artificial intelligence tools for healthcare, announced yesterday that it has acquired Saykara, a Seattle startup that specializes in mobile AI clinical documentation. The terms of the deal were not disclosed. Saykara's lead product is an AI assistant named Kara. During an in-person or virtual visit, doctors can use Kara to...
By  Dave Muoio 02:47 pm February 8, 2021
Late Friday, New York City-based health insurance company Oscar Health unveiled plans to kick off an initial public offering. The tech-enabled company will list on the New York Stock Exchange under the symbol OSCR. Oscar temporarily listed the size of the offering as $100 million, although that value could change as the company hammers out the quantity of shares and price range it will be...
Lobby with seated person and the sign "Clover Health welcomes you" on the wall
By  Dave Muoio 03:00 pm February 4, 2021
Short seller calls out Clover Health. Hindenburg Research, a short seller that describes itself as a specialist in forensic financial research, published a report criticizing Clover Health's business and alleging that the Medicare Advantage insurtech company has not disclosed active investigations by the Department of Justice. Hindenburg – which said that it does not have positions for or against...