Dave Muoio

By Dave Muoio 01:41 pmJuly 22, 2019
The at-home exercise tech space has a new member as Pivot, service offering consumers recorded and live workouts that are tracked via sensor, has stepped out of stealth mode to unveil its launch later this year. The announcement coincides with that of a $17 million Series A funding round led by DCM, with additional participation from Bling Capital, Founders Fund, Khosla Ventures, Signal Fire and...

Photo Credit: NYSE

By Dave Muoio 04:02 pmJuly 18, 2019
It's been an exceptional Thursday for Chaim Indig, CEO and cofounder of 14-year-old digital health stalwart Phreesia. Since ringing the New York Stock Exchange’s opening bell at 9:30 a.m. sharp, he’s watched his company’s shares fly back and forth in the general range of $24 to $27 per share — about 40% to 50% above the initial $18 asking price.  “All of us were up there [on stage with the bell...
By Dave Muoio 11:01 amJuly 18, 2019
Lumeon, a digital health startup that employs automation to help with operational functions, has brought on a new CFO and chairman of the board. Mark Clermont, former president of recently acquired Provant Health, will take on the former position, while Dr. Carl Schramm, a professor at Syracuse University and former president of the Ewing Marion Kauffman Foundation, will hold the latter. “Mark...
By Dave Muoio 03:23 pmJuly 17, 2019
Following a major sales bump in the second quarter of 2019, Abbott Laboratories is planning to significantly ramp up manufacturing for its FreeStyle Libre continuous glucose monitoring system, the company shared during an investor’s call this morning. Specifically, the company highlighted a 72.9% increase in organic sales growth during the three-month period, reaching a worldwide total sales...
By Dave Muoio 03:00 amJuly 17, 2019
Withings announced this morning that it is updating its connected blood pressure cuff product line with two new offerings: a revamped version of its existing at-home cuff, and a premium cardiac monitor with onboard ECG functionality. The former device is the Withings BPM Connect ($99.95/€99.95/£89.95), an FDA-cleared and CE-compliant consumer product for monitoring systolic pressure, diastolic...
By Dave Muoio 03:20 pmJuly 16, 2019
The first half of 2019 has been bigger for digital health than any year opening before it, according to a new funding report from Mercom Capital Group. While these conclusions were similar to those of MobiHealthNews and Rock Health, both released earlier this month, Mercom’s count pegged 2019’s to-date funding a bit higher at $5.1 billion raised through 318 deals (2018 saw $4.9 billion from 383...
By Dave Muoio 01:34 pmJuly 16, 2019
Wave, a subscription app and connected foam cushion for at-home meditation, has launched with $5.65 million in seed funding. CrossLink Capital, Lerer Hippeau Ventures, Collaborative Fund and Ludlow Ventures were named as the company’s backers in this morning’s announcement. WHAT THEY DO The core of Wave’s consumer offering is an app-based service ($9.99 per month, $99.99 for a year) that looks to...
By Dave Muoio 03:27 pmJuly 15, 2019
Patients who enrolled in a physical activity trial enjoyed a long-term benefit of fewer cardiovascular events and bone fractures up to four years after the intervention was completed. According to a new review of these patients’ routine primary care records published in PLoS Medicine, the data support further rollout of pedometer-based walking programs among older adults, even if the intervention...
By Dave Muoio 01:41 pmJuly 15, 2019
This morning Mahmee, a Los Angeles-based platform offering pre- and postpartum support to mothers and providers, announced $3 million in new funding headed by ArlanWasHere Investments. Other participants included Mark Cuban, Serena Williams’ Serena Ventures and Revolution’s Rise of the Rest Seed Fund. WHAT THEY DO Mahmee’s tool works within a provider’s IT system to link a mother and child’s...
By Dave Muoio 09:08 amJuly 15, 2019
Echelon Fitness Multimedia, maker of Echelon Fit connected spin bikes and on-demand digital workouts, has received an infusion of growth capital from North Castle Partners. The companies declined to specify the size of this investment, but told MobiHealthNews that it brings Echelon’s business to a total value of $100 million. WHAT THEY DO On the surface, Echelon Fit — a standalone entity launched...