Investors

Color's COVID-19 testing kit
By  Laura Lovett 11:28 am January 5, 2021
This week population health and genomics company Color became digital health’s latest unicorn after scoring $167 million in Series D funding. General Catalyst led the round with participation from funds and accounts advised by T. Rowe Price Associates and Viking Global Investors. The company now boasts of $278 million in financing with a valuation of $1.5 billion. WHAT IT DOES Color created a...
By  Dave Muoio 11:19 am January 5, 2021
Today SocialClimb, the maker of marketing software for providers, announced a $12 million investment from Resolve Growth Partners. WHAT IT DOES The company's tools focus primarily on reputation management and digital advertising that targets "more profitable" patients. Core to the offering is automated messaging to encourage patients to leave reviews on various social platforms. It also tracks...
Former Haven Dr. CEO Atul Gawande

Former Haven CEO Dr. Atul Gawande (Lisa Lake/Getty Images for Geisinger)

By  Dave Muoio 02:36 pm January 4, 2021
Haven, the high-profile joint venture from Amazon, Berkshire Hathaway and JPMorgan Chase, is officially calling it quits after a nearly three-year run. The company had sought to leverage each of the three business' strengths to devise a new model for employee health coverage and access to care, but launched relatively few projects and shed a number of key employees near the end of its lifetime....
23andMe
By  Laura Lovett 01:23 pm January 4, 2021
After a year of financial struggles, consumer genomics company 23andMe raised just under $82.5 million in equity funding, according to SEC filings. Veteran health tech investors Sequoia Capital and NewView Capital participated in this latest round, according to the Wall Street Journal. Historically, 23andMe has had a number of large investments, including a $300 million investment from pharma...
By  Dave Muoio 11:28 am January 4, 2021
DXY, a Chinese company offering an online platform for providers, healthcare organizations and health consumers, announced last week a $500 million raise. Trustbridge Partners led the round that also included support from Tencent Investment and GL Ventures, the company said in a statement. The Series E round brings DXY's lifetime fundraising total to roughly $680 million. The company had reached...
By  MobiHealthNews 03:20 pm December 23, 2020
*/ By MobiHealthNews' tally, the last three months have hosted at least 92 digital health funding rounds totalling just over $3.8 billion – a marked increase over Q4 2019's 55 raises of $1.7 billion.  After something of a cool start, digital health investors finished the fourth quarter of 2020 strong with a collection of nine-figure raises from well-known health tech names. Verily led the pack...
Motor vehicles stalled in a traffic jam
By  Bradley Merrill Thompson 09:35 am December 23, 2020
It’s been quite a year: COVID-19, a change in administration and a year of transition for FDA digital health policy. In light of all the change and uncertainty, many digital health companies are struggling to decide upon a regulatory strategy for 2021. My advice? If at all possible, stay away from FDA. They have enough to do right now. The people I know at FDA have been working 12- and 15-hour...

Photo by Carsten Koall/Getty Images

By  MobiHealthNews 10:15 am December 22, 2020
Considering the size and scope of Alphabet, it should be little surprise that the company and its subsidiaries (Google, Google Cloud and Verily, to name a few) have become deeply ingrained in the healthcare ecosystem over the last several years. The tech giant maintained the momentum in 2020 with efforts focused on artificial intelligence, data flow and digital clinical research – and also sought...
Screens from Apple's online and app-based COVID-19 symptom checker
By  Dave Muoio 03:14 pm December 18, 2020
Like most companies, Apple's plans for 2020 were upended with the rise of COVID-19. After initial hits to its production line, on-and-off store closures and remote working arrangements, executives said during Apple's fiscal fourth-quarter 2020 call that the tech firm weathered the storm with all-time records for revenue, earnings and cash flow – and that's before taking a look at its skyrocketing...
By  Laura Lovett 03:04 pm December 17, 2020
This morning health data company Diameter Health scored $18 million in Series B funding. Centene Corporation led the round with participation from Optum Ventures, LRVHealth, Connecticut Innovations and Activate Venture Partners. This new funding round brings the company's investment total to $30 million. WHAT IT DOES Founded in 2013, the company focuses on synthesizing clinical data sets. It uses...