Investors

By Laura Lovett 04:12 pm May 12, 2020
Nanit, maker of wearable baby sleep-trackers and monitors, scored $21 million in new growth funding. Jerusalem Venture Partners (JVP), Upfront Ventures, RRE Ventures and Rho Capital Partners led the round.  This new infusion of cash brings the New York-based startup’s total funding pot to $50 million.  WHAT THEY DO  Nanit specializes in tracking infants' sleep and breathing. Last June it released...
By Dave Muoio 01:34 pm May 12, 2020
Lucid Lane, a Los Altos, California-based telehealth provider specializing in medication dependence and substance use disorders, has raised $4 million in seed funding. Battery Ventures led the investment. WHAT THEY DO Lucid Lane's patient-facing approach combines regular virtual coaching from licensed therapists and data-driven treatment planning. These sessions are conducted as either one-on-one...
By Dave Muoio 11:44 am May 11, 2020
Carbon Health, a primary care provider blending in-person and virtual care services, has announced a $28 million Series B1 raise from prior backer DCVC. WHAT THEY DO San Francisco-based Carbon Health runs a series of clinics in California. These brick-and-mortar locations are supported by a Carbon Health mobile app, through which patients can view their health records, schedule appointments,...
By MobiHealthNews 03:23 pm May 8, 2020
This quarter Dexcom raked in $405 million in revenue, compared to $280.5 million in 2019’s Q1. This represents a 44% increase year over year (YoY), and beats the company's revenue goal by $46.7 million. Dexcom attributes its success to its growing user rate. The gross profits from Q1 were $258.7 million. However, operating expenses have increased, coming in at $215.4 million in 2020 Q1, versus $...
By MobiHealthNews 02:59 pm May 8, 2020
Digital research platform Owkin scored $25 million in funding yesterday. The round was led by Bpifrance Large Venture with participation from Cathay Innovation and MACSF. The platform aims to connect doctors, researchers, scientists and other stakeholders. It uses artificial intelligence to help create data sets and distribute the information to the stakeholders. Its main product, Owkin Studio,...
By Laura Lovett 03:58 pm May 7, 2020
Yesterday morning digital health and fitness company Pear Sports announced its purchase of artificial intelligence exercise-coaching platform Performance Lab.  Performance Lab specializes in using AI to gain insights into athletic performance and then develop a personalized exercise program. Pear Sports plans to use this technology in its real-time interactive coaching tool. “The mission at Pear ...
By Dave Muoio 03:09 pm May 7, 2020
A number of digital health companies have seen their businesses grow amid the COVID-19 crisis, and so far Livongo Health appears to be no exception. The company announced strong quarterly results headlined by revenue growth and a record number of client launches. Taking new agreements and the prospect of continued demand for virtual services into account, the company said that it has raised its...
By Dave Muoio 03:36 pm May 6, 2020
New York City-based home-lab-test startup LetsGetChecked said this morning that it has wrapped up an oversubscribed $71 million Series C round co-led by Illumina Ventures and HLM Venture Partners. The raise also included new backers Deerfield, CommonFund Capital and Angeles Investments, while investors Transformation Capital, Optum Ventures and Qiming Venture Partners USA returned to further fuel...
By Laura Lovett 03:32 pm May 6, 2020
Digital mental health company Limbix scored $9 million in Series A funding. The new round was led by GSR Ventures with participation from sequoia Capital, Storm Ventures, NexGen Venture Partners and BIXINK Therapeutics.  This comes roughly four months after the Palo Alto-based startup was selected as one of 27 digital health companies in MassChallenge HealthTech’s 2020 accelerator class. WHAT IT...
By Laura Lovett 03:35 pm May 4, 2020
This morning Palo Alto, California-based startup Medable announced a $25 million funding round for its platform that uses digital to help facilitate the clinical trial process. GSR Ventures led the round with participation from PPD Inc. As part of this deal Dr. Sunny Kumar, a partner at GSR Ventures, joined the Medable board.  This brings the company’s total funding pot to $45 million, according...