Digital health funding in February reached $197 million

By Aditi Pai
08:52 am

So far this year, the digital health funding that MobiHealthNews tracked has surpassed $600 million. In January, digital health companies raised $471 million across 21 deals. This month, funding reached $197 million across 13 deals, although one of those deals was for an undisclosed amount.

More than half of February's funding came from one big deal: MindMaze raised $100 million. An honorary mention goes to tech-savvy insurance upstart Oscar, which raised $400 million, but that's obviously not included in our February total. While the insurance company is certainly embracing digital health in a number of ways, its not a health tech company itself.

Here are the funding deals MobiHealthNews covered in February:

Oscar, a tech saavy up-and-coming health insurer, raised $400 million. In addition to Fidelity, previous investors Google Capital, General Catalyst, Founders Fund, Lakestar, Khosla Ventures, and Thrive Capital all contributed to the round, which brings Oscar's total funding to $765 million. 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

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

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

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

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

First Stop Health, a remote visits company, 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

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

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 raised its most recent round, $34 million, in August 2015. More


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