Investors

By MobiHealthNews 03:26 pm October 9, 2020
While the third quarter of 2020 may not be remembered for its volume of M&A deals, it will likely be bookmarked as a clear example of front-runner consolidation within digital health.  Over the last three months, MobiHealthNews tracked and covered only nine confirmed M&A deals, plus one credibly reported acquisition (not counting deals involving special purpose acquisition companies [...
By Laura Lovett 11:54 am October 9, 2020
When it comes to taking bets on what’s next in healthcare, investors are often the ones calling the shots. Hemant Taneja, managing director of General Catalyst, has sat in the driver’s seat on some of the biggest digital health deals. His firm has invested in a number of digital health companies, from behavioral health company Mindstrong to fitness startup Tempo. But perhaps Taneja’s is best...
By Laura Lovett 02:43 pm October 8, 2020
Digital chronic care management tool Lark Health scooped up $55 million in its Series C round. In addition to the venture funding, the company added another $15 million through venture debt credit.  Kind River Capital led the round with participation from Franklin Templeton, SteelSky Ventures, Olive Tree Capital, Lightspeed Ventures, Asset Management Ventures and individual investors.  The...
By Dave Muoio 11:27 am October 8, 2020
Avail Medsystems, maker of a telemedicine platform fine-tuned for remote procedure room collaborations, has claimed $100 million in a Series B raise headed by D1 Capital Partners. 8VC and the company's existing investors – a list that includes Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures and Refractor Capital – also participated. WHAT IT DOES The Palo Alto, California...
By Laura Lovett 02:45 pm October 7, 2020
Digital mental health company Cerebral announced that it closed its Series A funding round with $35 million. The investment was led by Oak HC/FT with participation from Westcap, Liquid 2 Ventures, Gaingels, Air Angels and other unnamed investors.  WHAT IT DOES Cerebral is a membership service that offers clients telehealth visits with a provider and monthly chats with a care counselor. After a...
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...