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...
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...
Oscar, a New York City-based health insurance technology company, has raised $140 million in a funding round announced just half a year after its last $225 million raise. The new investment was headed by Tiger Global Management, and also saw funds from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent.
WHAT IT DOES
Oscar describes itself as the "first-ever...
Following months of regulatory investigation, the European Commission has officially signed off on Google's $2.1 billion purchase of health-wearable-maker Fitbit. Still, the go-ahead is contingent on a handful of commitments from the tech company that focus on its competitive practices across advertising, digital health APIs and smart device interoperability.
"We can approve the proposed...
A recent mathematical simulation model found that, compared to other insomnia interventions like group cognitive behavioral therapy or pharmacotherapy, digital CBT delivered via Big Health's Sleepio was more cost-effective due to lower expenditures.
The research was funded by Big Health, and conducted by researchers from Johns Hopkins, the University of California, San Francisco, and the digital...
The U.S. FDA announced today an Emergency Use Authorization for the first over-the-counter COVID-19 diagnostic test for home use.
Developed by Australian digital diagnostics company Ellume Health, the single-use kit is accompanied by a Bluetooth-connected app that guides users through the testing process and automatically reports its results for disease monitoring.
The test returns its results in...
Modern Health, maker of a mental health and wellness platform for employer customers, has uncorked a $51 million Series C funding round headed by Battery Ventures. The raise also included prior investors Kleiner Perkins, Founders Fund, 01 Advisors, Afore Capital and Okta cofounder Frederic Kerrest, as well as new backer Felicis Ventures.
This raise – which lands less than a year after Modern's $...
Bold Health, a London-based company developing digital therapeutics for gastrointestinal conditions, is backing a new University of Pennsylvania-led study that will directly compare the company's cognitive behavior therapy (CBT) app for irritable bowel syndrome (IBS) to Headspace's consumer mindfulness and meditation app.
According to a clinicaltrials.gov listing spotted by Exits & Outcomes,...
Cityblock Health, a startup using a tech platform to address health disparities and provide cost-effective care services, has announced a $160 million Series C round. General Catalyst led the raise, which also included Willington Management and unnamed prior backers.
These investments come just a few months after the startup raised $53.5 million in a Series B+ round. The round brings the company'...
With the COVID-19 pandemic placing new strains upon in-person doctors' appointments, both clinicians and patients have increasingly relied on telehealth and other virtual technologies to maintain a connection to care.
Beyond their immediate role in the public health emergency, these modalities have the potential to upend the delivery of care, said Dr. Katharine Lawrence, a healthcare delivery...
