Investors

By MobiHealthNews 02:51 pm June 1, 2020
Healthcare voice chatbot maker Orbita has locked in $9 million as part of a Series A fund co-led by Philips Health Technology Ventures and HealthX Ventures. Cultivation Capital and Newark Venture Partners also took part.  Orbita's technology platform is employed by healthcare, life sciences and medical technology companies seeking conversational AI capabilities that can be deployed through online...
By Dave Muoio 02:34 pm June 1, 2020
With more patients and providers being exposed to telehealth and virtual care, a report published Friday by McKinsey predicts that as much as $250 billion of current U.S. healthcare spending could theoretically be virtualized. The key change has been the often-publicized surge of telehealth adoption accompanying the COVID-19 public health emergency. Citing a handful of recent consumer and...
By Dave Muoio 03:22 pm May 29, 2020
The leading digital health narrative emerging from the COVID-19 pandemic has been the rise of telehealth and live video consultations as a reliable modality for delivering care. In many ways, it was a case of preparation meeting opportunity – years of pilot programs, platform refinements, public funding projects and a number of very well established players all ready to adapt and expand when...
By Dave Muoio 11:30 am May 28, 2020
Bright.md, a Portland, Oregon startup offering an automated patient intake and virtual care connection platform, has closed $16.7 million in Series C funding. The oversubscribed round was headed by B Capital, Seven Peaks Ventures and Concord Health Partners, and also included support from new backers Philips Health Technology Ventures and UnityPoint Health Ventures. WHAT THEY DO Bright.md's...

Felicity Yost and Carolyn Witte, cofounders of Tia/photo credit: Tia

By Laura Lovett 11:14 am May 28, 2020
This morning Tia, a tech enabled women’s health company, closed its Series A round raking in $24.27 million in new capital. Threshold Venture’s Emily Melton led the round with participation from Define Ventures, ACME, Torch Capital, John Doerr, Homebrew and Compound. WHAT THEY DO Tia follows a hybrid model of care – it offers both brick-and-mortar services and virtual tools to patients. The New...
By Laura Lovett 03:43 pm May 27, 2020
For quite a while now, tech titans Facebook, Amazon, Microsoft, Google and Apple have been quickly gaining prominence in the healthcare industry. In a new report, CB Insights dives into what each of the companies are up to and possible next moves.  First, Facebook, the report shines light on the fact that it has the ability to look at huge swaths of user data and behaviors. It also looks at how...
By Dave Muoio 03:23 pm May 27, 2020
Higi, the maker of health kiosks found in retail pharmacies and groceries, has raised $30 million in a new funding round led by symptom-check chatbot service Babylon Health. The raise also included participation from Higi's prior backers, including 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University Medical Center for Health and William Wrigley Jr. WHAT THEY DO Higi's...
By Dave Muoio 12:21 pm May 26, 2020
insitro and Exscientia, two platforms using artificial intelligence to drive the discovery of new drugs, announced this morning the raise of $143 million and $60 million, respectively, from investors. insitro's oversubscribed Series B round was headed by Andreessen Horowitz, and joined by new backers Canada Pension Plan Investment Board, T. Rowe Price Associates, BlackRock, Casdin Capital, HOF...
By Laura Lovett 03:26 pm May 22, 2020
This morning digital mental health platform Mindstrong scored a whopping $100 million in Series C funding.  While Mindstrong has a history of solid funding rounds, this amount will more than double its total funding. In 2017 it got its first $14 million cash infusion. That was followed by a $15 million Series B funding round in June of 2018, which got a $31 million add-on in January of 2019,...
By Laura Lovett 04:29 pm May 21, 2020
On Wednesday Big Sky Health, best known for its fasting app Zero, scored $8 million in Series A funding. The latest round was led by Greycroft., and brings the company’s total funding pot to $4.2 million.  Coinciding with the funding news is the announcement that Big Sky Health will also be offering Zero Plus, a premium service of its fasting app.  WHAT THEY DO The company’s main product is...