Investors

By Dave Muoio 03:12 pm April 20, 2020
International pharma giant Novartis announced this morning the acquisition of Amblyotech, a startup that combines 3D glasses and video game software to treat amblyopia, more commonly known as "lazy eye." The terms of the deal were not disclosed. Novartis also said that it will be developing new games and kicking off a proof-of-concept study alongside major French video game publisher Ubisoft and...
By Laura Lovett 04:14 pm April 16, 2020
Remote-monitoring and decision-support startup Biofourmis is set to acquire Takeda Pharmaceuticals’ Gaido Health, an oncology-focused digital tool, for an undisclosed sum. The new cash deal is expected to help Biofourmis further its foothold on the oncology space.  “When we started Biofourmis, our primary focus was cardiovascular disease. The goal from the beginning was to continue to expand our...
By Dave Muoio 04:10 pm April 16, 2020
Attacking misinformation head on. Big tech's war against online misinformation is raging hotter than ever with COVID-19. The latest update: Facebook will begin directly contacting users who liked, reacted or commented on "harmful misinformation" about the virus that was later removed by the social network. Facebook wrote this morning that the messages are set to deploy within the coming weeks,...
By Dave Muoio 03:13 pm April 15, 2020
The coronavirus pandemic is causing upheavals in healthcare delivery in every corner of the world, but those hailing from digital health firms are more optimistic than others within the industry that these changes will ultimately benefit their long-term business, according to a recent survey and white paper released by Research2Guidance. The market analysis and consultation firm polled 513 health...
By Dave Muoio 04:03 pm April 13, 2020
Ferrum Health has closed a $9 million seed round led by Blumberg Capital. GSR, Vulcan Capital, Valley Capital Partners and "an undisclosed strategic family office" also participated, according to the company's announcement. Ferrumis building an artificial intelligence platform that aims to spot and prevent medical errors and spot potential cancer diagnoses within the hospital's radiology...
By Dave Muoio 02:25 pm April 13, 2020
Consumers are keenly interested in digital and remote health services during the COVID-19 emergency, with roughly four in five respondents in a recent 1,000-person survey saying they would take part in a remote health consultation, and would also prefer a virtual visit prior to an in-person appointment. This new poll, distributed on March 29 by digital customer experience platform Lightico, also...
By Laura Lovett 01:53 pm April 10, 2020
On Monday Israeli startup Tyto Care scored a whopping $50 million for its telehealth and connected-device company. The new funding round is led by Insight Partners, Olive Tree Ventures and Qualcomm Ventures LLC.  WHAT IT DOES The company is part telehealth and part remote-monitoring. It allows patients to use digital tools to help conduct their exam at home, while being guided and evaluated by a...
02:21 pm April 9, 2020
Digital behavioral-health company SilverCloud raked in an additional $16 million in Series B funding. MemorialCare Innovation Fund led the round with participation from LRVHealth, OSF Ventures and UnityPoint Health Ventures.  This news comes roughly three years after its $8.1 million raise led by B Capital Group.  WHAT THEY DO This Boston-headquartered company got its start in Ireland. It was...
By Laura Lovett 10:48 am April 9, 2020
Yesterday, maternity-care-management platform Dorsata scored $5.2 million in Series A funding. Women’s Health USA, QED Investors, LabCorp, Fool Ventures and Gore Range Capital participated in this round.  WHAT THEY DO  Dorsata entered the market in late 2017, with its tool designed to help prevent variations in medical care during maternity and decrease the rate of preventable complications.  “We...
By Laura Lovett 02:46 pm April 8, 2020
The first three months of 2020 shattered all previous Q1 digital-health-funding records – amounting to a $3.1 billion in new investments – according to a new Rock Health report. Set against the backdrop of a global pandemic, this early funding success may not be indicative of a trend for the entire year.  “Of course, this is not a post about historic funding levels – it is a story of healthy...