42 digital health startups that raised money in Q1 2016

By MHN Staff
02:48 pm

As we do every quarter, MobiHealthNews has rounded up our Q1 2016 coverage into a handful of longform stories. This section is on funding. Skip ahead using these links to read Q1 digital health news roundups about providers, payers, pharma, and M&A.

In the first quarter of 2016, MobiHealthNews tracked funding for digital health companies that totaled at least $770 million. Some deals were undisclosed amounts. In January, digital health companies raised $471 million across 21 deals. In February, funding reached $197 million across 13 deals, although one of those deals was for an undisclosed amount. And early in the quarter, one digital health company, telemedicine kiosk maker HealthSpot, filed for Chapter 7 bankruptcy liquidation.

Here are 42 digital health companies that raised money in the first quarter of 2016:

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Jawbone raised $165 million in new equity funding that reportedly came from the Kuwait Investment Authority (KIA). The terms of the deal reportedly dropped the overall valuation of the company by half, from $3 billion to $1.5 billion, but gave employees a larger pool of equity, causing their shares to maintain value. More

MindMaze, a Swiss company that uses virtual reality to help stroke victims through their recovery, raised $100 million in funding to bring its product to the United States. The Hinduja Group, a global conglomerate that has invested since the company's early stages, led the round. The company's software uses optical motion tracking, similar in form factor to the Microsoft Kinect. More

Healthline Media, a consumer health website, raised $95 million from Summit Partners as part of a spin-off from its parent company, Healthline Networks. Healthline provides consumers with information on specific health conditions and medications via its website. The company also offers consumers more than 20 communities on Facebook that aim to help people connect with others who have similar health conditions. More

eGym, a connected gym equipment company, raised $45 million in a round led by HPE Growth Capital with participation from existing investor Highland Europe. This brings the company’s total funding to at least $60 million. More

Higi, a health kiosk company, raised $40 million from its existing investors. While higi CEO Jeff Bennett told MobiHealthNews the company's chairman William Wrigley was among the existing investors who participated, he did not disclose any additional names. Higi’s kiosks, located in nearly 10,000 retail locations across the US, track weight, body mass index (BMI), pulse, and blood pressure. More

Akili Interactive Labs, which has developed a video game intervention for cognitive conditions, raised $30.5 million in a round led by PureTech Health with participation from Jazz Venture Partners and Canepa Advanced Healthcare Fund. Akili’s offering, a video game called Project: Evo, is based on research from UCSF. The game is designed to treat cognitive issues. More

Hometeam, a senior-focused, home care company, has raised $27.5 million from Oak HC/FT as well as existing investors Lux Capital, IA Ventures, and Recruit Strategic Partners. Families can use Hometeam to send a caregiver to the senior’s home. Some of the services the caregiver provides includes making the senior meals, helping them take their medication, and making sure they maintain good hygiene. More

Babylon, a remote care company, raised $25 million in a round led by Investment AB Kinnevik with participation from Hoxton Ventures, Innocent Drinks cofounders Richard Reed, Adam Balon, and Jon Wright, as well as Deepmind cofounders Demis Hassabis and Mustafa Suleyman. More

Maxwell Health, an employee benefits navigator company, raised $22 million from GIS Strategic Ventures, Sun Life Financial, and Cendana Capital as well as existing investors Adams Street Partners, Cambia Health Solutions, Catalyst Health Ventures, Industry Ventures, and more. More

Pear Therapeutics, which is developing interventions that combine digital tools and medications, raised $20 million in a round led by 5AM Ventures, Arboretum Ventures, and Jazz Venture Partners, with participation from Bridge Builders Collaborative. The company raised its last round, which was undisclosed, in March 2015. More

Cala Health, a stealthy startup out of Stanford University has raised $18 million according to an SEC filing. Johnson & Johnson Development Corporation, Lux Capital and Lightstone Ventures all contributed to the round. The SEC document reveals that the company was previously known as Resido Medical, which won several competitions in 2013 with a wearable device that treats hand or wrist tremors. More

Lantern, which offers web and mobile programs using cognitive behavioral therapy for anxiety and stress, raised $17 million. The round was led by UPMC Enterprises, the University of Pittsburgh Medical Center’s venture arm. Existing investors Mayfield and SoftTechVC also participated. More

Vivify Health, a remote patient monitoring company, raised $17 million in a round led by strategic investor UPMC with participation from Strategic investors Laboratory Corporation of America Holdings (LabCorp) and Envision Healthcare Holdings. More

Zipnosis, a telemedicine company, raised $17 million in a round led by Safeguard Scientifics with participation from Ascension Ventures as well as existing investors Fairview Health Services, Hyde Park Venture Partners, Arthur Ventures, Waterline Ventures and Omphalos Ventures. The company’s offering helps health systems create their own virtual care service that they can staff with their own clinicians. More

LifeBeam, a health sensor company, raised $16 million in a round led by Squarepeg Capital with participation from Wellborn VC, Cerca Partners, Atomic14 VC, and Triventures VC. This brings the company’s total funding to date to $19 million. More

AiCure raised $12.25 million in a round led by New Leaf Venture Partners, with additional funding from Pritzker Group Venture Capital, Tribeca Venture Partners, and Biomatics Capital, established by Boris Nikolic, former Chief Advisor for Science and Technology to Bill Gates. The company has developed a pure software offering that can reliably track patients taking their medication and verify that they’ve done so. More

Call9, which offers emergency care via video visits to nursing homes, raised $10 million in a round led by Index Ventures with participation from Y Combinator Partner Ali Rowghani, previously an exec at Pixar and Twitter; Palantir Cofounder Joe Lonsdal; and 23andMe CEO Anne Wojcicki. Call9's video visits service connects nursing home patients to an emergency room doctor. More

Valencell, a heart rate sensor company, raised $8.4 million more in a round that totaled $11 million. The round was led by GII Tech with participation from existing investors TDF Ventures and WSJ Joshua Fund. This brings the company’s total funding to $24.5 million to date. More

mPulse Mobile has raised an additional $8.3 million for its healthcare messaging service, bringing the company’s total funding to around $10 million. HLM Venture Partners led the round, while OCA Ventures, Merrick Ventures, and Jumpstart Ventures also contributed. The company’s secure messaging offering is designed for various healthcare organizations including payers, pharmacies, providers, and medical device companies. More 

Push Doctor, a video visits company, raised $8.2 million in a round led by Oxford Capital Partners and Draper Esprit with participation from Partech Ventures. The company’s app, available on iOS, Android, and Windows devices as well as desktops, allows users to schedule a video visit appointment with a doctor. More

WellDoc raised an additional $7.5 million from Johnson & Johnson Innovation and other investors, bringing the company’s total funding in its most recent round to $29.5 million. The company also announced a collaboration with LifeScan, a Johnson and Johnson company that makes blood glucose meters. More

Jan Medical has raised $7.5 million from Germany-based Brainlab to develop a connected diagnostic device that helps detect abnormal neurological conditions, like concussion and stroke. More

Neurotrack, which has developed an online cognitive assessment test, raised $6.5 million in a round led by Khosla Ventures with participation from Social Capital, Founders Fund, AME Cloud Ventures, and iSeed Ventures. Neurotrack has developed two offerings. The first is a five minute, web-based test, called Imprint Cognitive Assessment Test that evaluates whether a patient is at risk for Alzheimer’s. More

Eight, a sleep tracking company formerly known as Luna, raised $6 million in seed funding from Y Combinator, Yunqui Partners, Azure Capital, Cota Capital, Comcast Ventures, Vast Ventures, Stanford University, Galvanize Ventures, Idea Bulb VC, and Scribd co-founder Jared Friedman. More

Opternative, an optometry-focused telemedicine service that lets users get their prescriptions online after taking an app- and website-based vision test, has raised $6 million in first round funding, bringing the company's total funding to $9.5 million. More

SnapMD raised $5.3 million from Shea Ventures, TYLT Labs, and Whittier Ventures for its telemedicine offering that connects providers to their existing patients. Their product, a whitelabeled offering called Virtual Care Management, allows physicians to provide virtual care to their patients using video, audio, and text message consultations. More

Hometeam, which offers a caregiver service for seniors, raised $5 million from Kaiser Permanente Ventures, according to a report from Fortune. This brings the company’s total funding to at least $32.5 million. Hometeam raised its most recent round last month from Oak HC/FT, Lux Capital, IA Ventures, and Recruit Strategic Partners. More

Greatist, an online publication and media brand that focuses on health and wellness content, raised $4.5 million, bringing its total investment to $8 million. Floodgate led the round, with participation from Strauss Zelnick, Andy Russell, John Gardner, David Pecker, and Startup Health. Previous investors including RiverPark Ventures, Vayner/RSE, Jon Miller, Ramit Sethi, and Chris Hughes also participated. More

Kolibree, which has developed a smartphone-connected electric toothbrush, raised $4 million from SOSV, SEB Alliance, Innovacom, Cap Horn, and Dental Investment Group for Health. Kolibree's connected toothbrush has sensors that detect not only how long users brushed their teeth, but also whether they hit all the hard to reach places between gums and teeth. More

Emperra raised $3.1 million in a round led by Robert Bosch Venture Capital with participation from existing investors, Peppermint VenturePartners and Investitionsbank des Landes Brandenburg. Emperra offers a digital diabetes management system that includes connected health devices and software. More

First Stop Health, a remote visits copmany, raised $2.1 million from the company’s cofounders Patrick Spain and Dr. Mark Friedman as well as other angel investors. This brings First Stop Health’s total funding to $5.6 million to date. More

Constant Therapy raised $1.96 million for its mobile-enabled brain rehabilitation offering. This brings the company's total funding to at least $2.7 million. Existing investors include Boston University, TiE Angels Boston, and serial entrepreneur Andy Palmer. Constant Therapy has developed a mobile app designed to provide therapy to patients who have traumatic brain injury, stroke, aphasia, and learning disabilities. More

Bivarus, which offers a patient experience analytics program, raised $2 million in a round co-led by Hatteras Venture Partners as well as existing investor Excelerate Health Ventures. Other backers that participated include NueCura Partners and Boston Millennia Partners. The company has raised just under $4 million to date. More

Palo Alto Health Sciences, which has developed a mobile-enabled breathing system for people with panic disorder, raised $1.97 million in the second tranche of a $5 million round. The investment was led by Aphelion Capital with participation from other angel investors. Palo Alto Health Sciences has raised $7.5 million to date. More

D-Eye, a smartphone-based retinal imaging system, raised $1.68 million from Innogest, Invitalia Ventures, Giuseppe e Annamaria Cottino Foundation, and Si14. The product was first conceived in Padua, Italy, by Dr. Andrea Russo, an ophthalmologist, when he was examining his patients. More

HealthBeacon, a medication adherence company, raised $1.13 million (1 million euros) in seed funding from the Irish government through Enterprise Ireland as well as private medical and technology angel investors. The company’s offering is a sharps container that people who take injectable medications can use to discard their needles. More

RetraceHealth raised $1 milion from Blue Cross and Blue Shield of Minnesota, HealthEast Care System, and McKesson Ventures for its remote primary care offering. The company plans to provide patients with primary care via video visits and in-person, home visits. More

Thrive Feeding raised a $500,000 seed round to develop smart baby feeding products. Thrive’s first offering is a baby bottle that will track how much milk a baby drinks from birth to between 60 and 90 days and send data to a companion app. More

Wizdy (formerly Lifeguard Games), a kid-focused health education game company, raised $300,000 in seed funding. The company’s first app teaches children about asthma management using a virtual pet game. More

PokitDok, which offers a healthcare price comparison tool and API-based tools for healthcare developers, raised an undisclosed sum from McKesson Ventures, the venture arm of McKesson Corporation. PokitDok previously raised $34 million in August 2015. More

Lab Sensor Solutions raised an undisclosed amount of funding from Launchpad Digital Health. The funding is less than $1 million, the company told MobiHealthNews. More

Read on for Q1 2016 digital health news about payers, providers, pharma, and M&A.


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