Investors

By Dave Muoio 02:39 pm October 1, 2020
Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree Acquisition Corp. The reverse merger is expected to close in the fourth quarter of 2020, and places the combined entity at a roughly $1.6 billion...
By Dave Muoio and Laura Lovett 01:20 pm October 1, 2020
ScriptDrop, a startup that works with pharmacies to deliver on-demand prescriptions, has raised $15 million in a growth round, bringing its total fundraise to $27 million. Oio Innovation Fund, M25 and Rev1Ventures all returned to take part in the investment.  ScriptDrop works with couriers to coordinate same-day delivery, and offers pharmacies a direct integration with their system to enable more...
By Laura Lovett 02:30 pm September 30, 2020
While the economy has been volatile during the pandemic, digital health companies to strike deals with investors raking in more money than ever before.  "We’ve already surpassed $7.5 billion in funding and are on track for this year to be the biggest funding year yet in terms of US-based digital health companies," Megan Zweig, chief operating officer at Rock Health, said during a fireside chat at...
By Dave Muoio 11:10 am September 30, 2020
Siren, a smart textile company known for its temperature-monitoring socks, has added another $9 million to an $11.8 million Series B raise from early summer. The latest raise adds new backers Manta Ray, Mighty Capital and David Helgason to the company's Series B round, which included names like Anathem Ventures, Khosla Ventures, DCM, Founders Fund and other prior investors. WHAT IT DOES Founded...
By Laura Lovett 05:00 pm September 29, 2020
Mega insurer UnitedHealth Group is now looking into the digital pharmacy space with reports that it has acquired DivvyDose. The acquisition, which was first reported by CNBC’s Christina Farr based on an anonymous source, is estimated to be worth approximately $300 million.  The company’s model is similar to Amazon’s PillPack. The startup is able to ship users their medications in pre-sorted packs...
By Dave Muoio 03:07 pm September 28, 2020
Rx.Health, a Mount Sinai spinoff working on an app prescription platform for enterprises, has named Richard Strobridge as its new CEO. He's perhaps best known within digital health as the cofounder and CEO of connected blood glucose monitoring-device company Entra Health, which was sold to CRF Health in 2016. After a few years there as VP of healthcare, Strobridge founded and helmed Nextbridge...
By Laura Lovett 02:39 pm September 28, 2020
This morning San Francisco-based API startup Noyo announced a $12.5 million Series A funding round for its technology designed to facilitate health insurance data exchanges. Costanoa Ventures and Spark Capital led the round with participation from Homebrew, Fika Ventures, Precursor Ventures, Core Innovation Capital, Garuda Ventures and Webb Investment Network.  The news was paired with two...
By Dave Muoio 11:47 am September 24, 2020
Papa, a Miami-grown startup using technology to coordinate in-home senior companionship, has notched $18 million in new funding. The Series B round was led by Comcast Ventures, but also included names like Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Operator Partners and others. WHAT IT DOES Papa's platform connects college and nursing students with...
By Laura Lovett 03:09 pm September 23, 2020
When it comes to the world of health, words are important, according to panelists at Rock Health’s annual summit. What language is used by clinicians, caregivers, even digital health companies can boost inclusivity or cause exclusion. That’s particularly true for groups of people who have been historically marginalized, such as the LGBTQ+ community and people of color.  “Particularly in the queer...
By Dave Muoio 02:54 pm September 21, 2020
Tonal has brought in $110 million from investors, the connected fitness company announced last week. L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media and THVC each renewed their support in the AI-powered exercise-machine service, while new backers included Delta-v Capital, the Amazon Alexa Fund, Mouse Partners and a trio of high-profile athletes – basketball players Stephen...