Investors

Person rolling a boulder uphill
By Dave Muoio 12:30 pm June 10, 2020
The healthcare startup market has always had the unique challenge of selling its innovations almost exclusively to major businesses. Although recent years have seen a rise in digital health offerings focused on patient satisfaction, if not on selling their product directly to the consumer, the reality of the industry is that insurers, pharmacy benefit managers, large employers, health systems,...
By Dave Muoio 11:51 am June 10, 2020
Cue Health, a rapid diagnostics startup now working on a connected testing device, has closed $100 million in a Series C round announced this morning. Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation, ACME Capital and other unnamed investment firms all participated in the raise. WHAT THEY DO The San Diego-based company's leading product is the Cue...
By Laura Lovett 03:11 pm June 9, 2020
This morning Boston-based startup PatientPing scored $60 million in Series C funding to propel the expansion of its care-coordination app. Andreessen Horowitz, F-Prime Capital, GV, and Transformation Capital led the round with participation from existing investors.  This news comes nearly four years after PatientPing closed its $31.6 million Series B round in 2016, which was also led by Andreesen...
By Dave Muoio 03:18 pm June 8, 2020
Virtual primary care service PlushCare has raised $23 million in Series B funding. Transformation Capital led the round, which included GGV Capital, WTI and other unnamed individual investors. Along with its 2016 Series A, this brings the company's total raise to $31 million. WHAT THEY DO PlushCare's platform connects consumers across all 50 U.S. states to an online video visit with a doctor. The...
By Dave Muoio 03:11 pm June 8, 2020
AireHealth, maker of an FDA-cleared portable nebulizer that pairs with a smartphone app for remote monitoring, announced Friday the acquisition of fellow respiratory health company BreathResearch. Financial terms of the deal were not disclosed. The merger agreement sees AireHealth adding BreathResearch's IP, research and patents, which include work on machine learning analytics for respiratory...
A telehealth professional on-screen
By Laura Lovett 01:54 pm June 8, 2020
Telemedicine giant AmWell is looking to go public, following a surge in use amid the coronavirus, CNBC first reported. The company declined to comment on news of the IPO when MobiHealthNews reached out.  CNBC is reporting that the Boston-based company hired Goldman Sachs and Morgan Stanley to broker the deal, which is expected to take place in September.  This news comes only weeks after the...
Medical table with circular scanner
By Laura Lovett 03:17 pm June 4, 2020
This morning, Nanox, a startup working on a “digital X-ray system,” landed an additional $20 million in new funding, bringing the company’s total funding to $80 million. The new infusion of cash came from South Korean company SK Telcom.  This comes just months after the Israeli company announced a $26 million raise led by Foxconn.  This new investment also comes with a partnership agreement...
By Laura Lovett 02:32 pm June 4, 2020
This morning Sharecare, a digital health engagement platform, scooped up tech-enabled behavioral health platform MindSciences for an undisclosed sum.  As part of this acquisition, MindSciences programs will be available to Sharecare’s enterprise partners and consumers. Currently its offerings are split into three programs: Craving to Quit, a smoking cessation-based program; Eat Right Now, a...
By Laura Lovett 02:52 pm June 3, 2020
Digital women’s health platform Maven announced that it has acquired parent-child relationship app Bright Parenting for an undisclosed sum. As part of the deal, Bright Parenting’s app will be embedded into Maven’s upcoming pediatrics and parenting program.  Bright Parenting is focused on helping parents form better relationships with their child. The tool specifically focuses on bonding with...
By Laura Lovett 01:55 pm June 3, 2020
This morning Bigfoot Biomedical, a diabetes startup focused on automating insulin delivery through a connected insulin pen, picked up an extra $10 million Series C funding, closing the round at $55 million. Pharma giant Abbott led the round with participation from Quadrant Capital Advisors Senvest Capital, Janus Henderson, Cormorant Asset Management and other funders.  When the first $45 million...