Investors

Product shots of the Mantra Health app
By  Dave Muoio 11:11 am April 1, 2021
Mantra Health, a startup providing virtual mental healthcare services to higher education, has closed a $2 million extension to the $3.2 million in seed funding it disclosed late last year, MobiHealthNews has learned. The startup's newest backers include Canaan Partners, City Light Capital and Baleon Capital, as well as Aligned Telehealth founder Dr. Nitin Nanda as a strategic angel investor....
By  Dave Muoio 02:51 pm March 31, 2021
CirrusMD, a startup offering on-demand, text-first telehealth, has raised $20 million in a new Series C funding round that brings its lifetime funding to $46 million. Blue Venture Fund led the raise, which also saw support from 7wireVentures, Drive Capital and the Colorado Impact Fund. WHAT IT DOES CirrusMD's approach to virtual care is focused on convenient and timely communication. Offered...
Business people shaking hands in a conference room
By  Dave Muoio 01:28 pm March 31, 2021
SOC Telemed (formerly Specialists on Call) announced yesterday that it has purchased fellow acute care telemedicine provider Access Physicians. The cash and stock transaction is valued at roughly $194 million, with the potential for additional considerations based on performance. WHAT'S THE IMPACT SOC Telemed was already a major name in the enterprise telemedicine space. The company reported...
Piggy bank
By  MobiHealthNews 03:06 pm March 30, 2021
Rightway, the maker of a digital care navigation and pharmacy benefits platform, has wrapped up a $100 million Series C financing round for a unicorn valuation of $1.1 billion. Announced today, the raise was headed by Khosla Ventures and also included Thrive Capital, Tiger Global Management and other prior backers. Founded in 2017, Rightway has ballooned to supporting more than 500,000 members...
Uprise Health
By  Laura Lovett 01:54 pm March 30, 2021
This morning IBH, a tech-enabled population health platform, announced its plans to acquire digital mental health company Uprise. Both companies work in the employer health space and focus in on behavioral health. As part of the acquisition, IBH will take ownership of Uprise's platform, which enables mental healthcare via self-guided modules, live coaching and in-person therapy. Employees can...
Cityblock Vaccination site
By  Laura Lovett 02:09 pm March 29, 2021
Population health startup Cityblock landed $192 million in a Series C extension funding round. This funding builds on the company's $160 million Series C round, which made the startup a member of the unicorn club, and brings the total funding to more than $500 million. Tiger Global led the round, with participation from Kinnevik AB, Maverick Ventures, General Catalyst, Wellington Management,...
A collection of one-dollar bills
By  Dave Muoio 12:28 pm March 29, 2021
Crossover Health, a tech-boosted provider of in-person and virtual care services, has brought in $168 million in Series D funding. Announced today, the raise was led by Deerfield Management Company and brought on several new investors including Perceptive Advisors, OrbiMed Advisors, Foresite Capital, Avidity Partners, SharesPost100 Fund, Irving Investors and PFM Health Sciences. WHAT THEY DO...
By  Laura Lovett 02:04 pm March 26, 2021
Data shows that women control the bulk of healthcare spending in the U.S., which has given women the nickname 'chief medical officer' of the family. However, when it comes to digital health, only 14% of deals were closed by women-led digital health startups in 2019, according to Rock Health. While women-led companies have made strides in the digital health world, these companies often struggle to...
Amwell
By  Laura Lovett 02:57 pm March 25, 2021
Amwell reported a total of $245.3 million in revenue during its first year on the market during its Q4 earnings call. This number represents a 65% revenue increase YoY. The Boston-based company finished off Q4 by beating its financial expectations. It's no secret the telehealth giant has seen a bump in telehealth usage as a result of the COVID-19 pandemic. "The pandemic, while terrible, only...
By  Dave Muoio 12:31 pm March 25, 2021
NeuroPace, maker of an implanted neurostimulation therapy device for uncontrolled epileptic seizures, filed SEC documents yesterday outlining plans to raise as much as $75 million in an IPO listing on the Nasdaq. The Mountain View, California-based company has been around since 1997 and has brought in a couple hundred million in funding across several rounds, according to CrunchBase. In fact, the...