Investors

By Mallory Hackett 12:08 pm August 24, 2020
Castor, a cloud-based clinical data platform designed to automate the research process, announced recently it closed a $12 million Series A funding round. Two Sigma Ventures led the round with participation from Hambrecht Ducera Growth Ventures and existing investor INKEF Capital. This brings Castor's total funding to over $18 million, following an earlier investment from INKEF Capital in 2018....
By Dave Muoio 11:49 am August 24, 2020
Today One Drop announced a string of new deals with Bayer that could bring the digital diabetes-management company nearly $100 million in new funds. The agreements include the closure of a Series C financing round led by the pharma giant, as well as $64 million in unspecified development commitments and potential commercial milestone payments. Launched in late 2016, One Drop's wireless blood...
By Laura Lovett 02:30 pm August 21, 2020
Autonomous AI platform Digital Diagnostics, previously known as IDx, announced that it has purchased 3Derm Systems in a move that would expand its reach into the dermatology space. Digital Diagnostics got its start as an AI tool for diabetic retinopathy, but it’s now looking to expand its specialties. That is where the company is making bets on 3Derm. Boston-based 3Derm specializes in providing...
By Dave Muoio 02:24 pm August 21, 2020
Exo, a Silicon Valley company known for its in-development handheld ultrasound device, announced $40 million in new funding yesterday. GlaxoSmithKline's Investor Action Potential Venture Capital fund was among the Series B+ round's unnamed investors. Exo said in its announcement that it will be using the funds to wrap up product development for that device, and to bring its data and workflow apps...
By Laura Lovett 03:30 pm August 20, 2020
Historically, the majority of all venture capitalists have been white and male. Even today, according to the latest Rock Health report, only 12.6% of partners at digital health venture funds are women, and only 14% of digital health startup deals were closed by women in 2019. Maria Velissaris, managing partner of Steel Sky Ventures, is an investor looking to help change this paradigm. She got a...
By Dave Muoio 03:23 pm August 20, 2020
Picking through the scraps. Following the bankruptcy of 'digital pill' maker Proteus Digital Health, business partner and stakeholder Otsuka Pharmaceutical has been approved to purchase the digital health company's assets by a federal bankruptcy court judge, STAT reports. Otsuka's bid was challenged by Novartis, two former Proteus executives and other investors, who argued that the agreed upon $...
By Dave Muoio 02:21 pm August 20, 2020
Vocera Communications, the maker of hands-free communication devices for hospitals, announced yesterday that it has purchased patient-messaging technology company EASE Applications. While the two companies did not share the terms of the deal, the announcement did note that "approximately eleven" EASE employees would be issued restricted stock units equal to roughly 60,000 shares of Vocera common...
By Dave Muoio 11:06 am August 20, 2020
Pediatric behavioral care platform Brightline has brought in $20 million in Series A funding. Threshold Ventures and prior backer Oak HC/FT headed the raise, which also included Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens VC, Rock Health and City Light Capital. WHAT IT DOES The Palo Alto, California-based startup formerly known as...
By Dave Muoio 02:59 pm August 19, 2020
Somerville, Massachusetts-based virtual diabetes care company Podimetrics has added yet another $8 million to its Series B-2 funding, bringing the round's closing total to $24.6 million, the startup told MobiHealthNews. Polaris Partners, Rock Health, Norwich Ventures and Scientific Health Development, all of which had previously backed the company, contributed. Additionally, Podimetrics announced...
By Mallory Hackett 11:04 am August 18, 2020
MassChallenge HealthTech in partnership with Anthem have announced the winners for the Fast Track to Scale Accelerator 2020 program. The three companies recognized as Diamond, Platinum and Gold Award winners are ianacare, DynamiCare and Karuna Health, respectively. The Fast Track to Scale Accelerator program matches global entrepreneurs with representatives from Anthem to find innovative...