Q2 funding round up: Digital health rakes in over $2B, foreign companies top the charts

By MobiHealthNews
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The money continues to roll in the digital health space this quarter. During the months of April, May, and June, MobiHealthNews reported on roughly 70 funding announcements totalling upwards of $2 billion. Artificial intelligence and telehealth remain popular choices for funders to invest in. 
 
Another trend is big rounds for international companies. In fact this quarter Chinese healthcare platform WeDoctor and the UK-based AI company BenevolentAI topped off the funding amounts. This quarter also included major deals for European and Australian companies. 
 
Read on for a full list of digital health funding deals this quarter:
 
WeDoctor — $500 million. Online healthcare services company WeDoctor, which serves the Chinese market, raised $500 million from investors in a private share sale that places its value at $5.5 billion, according to reporting from Financial TimesReuters, and others.
 
BenevolentAI — $115 million. UK-based Benevolent AI, a company that uses artificial intelligence for drug development, raised $115 million in new funding, mostly from undisclosed investors in the United States. Existing backer Woodford Investment Management also participated in the round, which brings the company’s total funds raised to over $200 million.
 
Livongo — $105 million. In a Series E funding round Livongo, a digital chronic disease management company, raised $105 million, mostly from existing investors. General Catalyst and Swedish investment company Kinnevik led the round, with additional participation from existing investors DFJ, Kleiner Perkins Caufield & Byers , Merck Global Health Innovation Fund, Microsoft Ventures, Sapphire Ventures, Zaffre Investments, and 7wire Ventures. Echo Health Ventures, an investment group cofounded by Cambia and Mosaic Health Solutions, also contributed.
 
Iora Health — $100 million. Cambridge, Massachusetts-based Iora Health, a digitally-enabled primary care provider that focuses on the senior Medicare population, announced that it has closed $100 million in Series E financing. This brings the company’s total funding to at least $223.5 million.
 
Doctor On Demand — $74 million. In April, San Francisco-based telemedicine provider Doctor On Demand announced the closure of a $74 million round of Series C financing. The funding round was led by Princeville Global and Goldman Sachs Investment Partners. Previous investors including Venrock, Shasta Ventures, and Tenaya Capital also participated.
 
Yaoshibang — $66 million. Yaoshibang, a Guangzhou, China-based online pharmacy trading and education platform, raised $65.7 million (420 million yuan) in a Series C round led by Shunwei Capital and DCM Ventures, with additional participation by Green Pine Capital Partners, Elevation China Capital, and SIG. 
 
Kry — $66 million. A Swedish telemedicine app company Kry announced that it scored $66 million (€53 million) in Series B funding in June. The round was led by Index Ventures, and also included the company’s existing investors Accel, Creandum, and Project A.
 
Akili Interactive Labs — $55 million. Boston-based digital therapeutics company Akili Interactive Labs, closed a $55 million Series C funding round. The investment was led by Temasek, with participation from Baillie Gifford, Amgen Ventures, M Ventures, JAZZ Venture Partners, Canepa Advanced Healthcare Fund, and Brooklands Capital Strategies.
 
Honor — $50 million. Home care technology company Honor brought in $50 million in Series C financing, bringing the company’s total funding to $115 million. The funding round was led by Naspers Ventures, with additional participation from existing investors Thrive Capital and Andreessen Horowitz.
 
CareZone — $50 million. Chronic illness management and organization platform CareZone landed $50 million in a series D funding round led by NEA, with participation from McKesson Ventures, and Marc Benioff. This brings the company’s total funding to $150 million. 
 
Safety Culture — $45.4 million. Australian company SafetyCulture, a developer of apps designed to reduce and report employees’ workplace injuries, completed a $45.4 million (60 million Australian dollars) funding round led by Tiger Global Management. This latest financing brings the company's total funding to $66 million, according to Crunchbase.
 
Virta Health — $45 million. San Francisco-based Virta Health closed a $45 million Series B funding round for its digitally-delivered, drug- and surgery-free Type 2 diabetes treatment. Previous investors Venrock, Obvious Ventures, Creandum, Caffeinated Capital, and SciFi VC participated in the round, with new investors including Founders Fund and Playground Global joining as well.
 
Lyra — $45 million. Digital behavioral health company Lyra Health secured $45 million in Series B funding. Participants in the round included new investors Tenaya Capital, Glynn Capital, Crown Ventures, and Casdin Capital, as well as returning funders Greylock Partners, Venrock, and Providence Ventures.
 
CipherHealth — $37.6 million. Patient engagement and care coordination technology company CipherHealth raised about $37.6 million in funding, according to a May SEC filing. The funding was led by JMI Equity.
 
Dreem — $35 million. Maker of the wearable sleep device previously known as Rhythm, Dreem, closed a $35 million funding round. The financing round was led by strategic investor JJDC and Bpifrance.
 
Qventus — $30 million.Healthcare management tech platform Qventus landed $30 million Series B funding in a round led by Bessemer Venture Partners, with participation from New York-Presbyterian Hospital, Mayfield Fund, and Northwest Venture Partners. This latest funding round brings the Mountain View California startup to a total of $43 million in funding.
 
Ava — $30 million. San Francisco- and Zurich-based Ava, maker of a connected menstrual cycle tracking bracelet, closed a $30 million series B funding round. The funding was led by the company’s existing investors — which include Polytech Ecosystem Ventures, Blue Ocean Ventures, Global Sources, ZKB, and Swisscom — with new investors btov and SVC also participating.
 
Zebra Medical Vision — $30 million. Kibbutz Shefayim Israel-based deep learning startup Zebra Medical Vision closed a $30 million Series C funding round led by aMoon Ventures and Aurum Ventures with participation from Johnson & Johnson Innovation, JJDC, and Intermountain Healthcare. 
 
Calm — $27 million. Meditation app developer Calm raised $27 million in a round of funding led by Insight Ventures that also included singer Harry Styles (formerly of One Direction) and Sound Ventures, the investment vehicle of actor Ashton Kutcher. This is the company's first major funding round since a $1.5 million seed round, and brings its total investment to $28.5 million.
 
Health2047 — $27.2 million. Health2047, a technology innovation enterprise focused on revamping healthcare, raked in a $27.2 million follow-on investment from the American Medical Association (AMA), its founding partner, and announced a slew of new hires spearheaded by the recent appointment of a new CEO.
 
Innovaccer — $25 million. Healthcare data company Innovaccer landed $25 million in a Series B funding round led by Westbridge Capital with participation from Lightspeed Ventures. 
 
Medici — $22.4 million. Medical communication startup Medici raised $22.4 million from executives coming from Citadel, Dell, Publix, and Starwood Capital, and other unnamed investors. The Austin, Texas-based startup is aimed at enabling asynchronous text messaging between care providers and patients. 
 
Aaptive — $22 millionOn-demand fitness content maker Aaptiv raised $22 million in a new funding round led by Millenium Technology Value Partners. Existing investor Insight Venture Partners also contributed to the round, as did several strategic investors: The Amazon Alexa Fund, Disney, Warner Music Group, and NWS Holdings.
 
Embodied — $22 million. Pasadena, California-based Embodied received an infusion of $22 million in Series A funding to support its AI and robotics platforms for improved care and wellness. The investment was led by Calibrate Ventures and Jazz Venture Partners, and had participation from previous backers including Osage University Partners, Intel Capital, Grishin Robotics, and others.
 
OM1 — $21 million. Boston-based health outcomes and tech company OM1 announced $21 million in a Series B financing round led by Polaris Partners with participation from existing investors including General Catalyst and 7wire Ventures. This brings the company’s total financing to $36 million, according to Crunchbase
 
Suki — $20 million. Suki, a startup that makes an AI-powered and voice-enabled digital assistant for doctors, landed $20 million in a funding round led by Venrock, with participation from First Round, Social Capital, and Marc Benioff. 
 
Heal — $20 million. Heal, a company that allows patients to book physician house calls through an app-driven digital scheduling and processing platform, announced this morning that it has raised $20 million in new investment capital, bringing the company’s raised total to more than $69 million.
 
Propeller Health — $20 million. Madison, Wisconsin-based digital respiratory health company Propeller Health disclosed a $20 million funding round led by a $10 million investment from Aptar Pharma. Existing investors Safeguard Scientifics, Social Capital, Hikma Ventures, 3M Ventures, and SR One comprised the other half of the round.
 
LifeBeam — $20 million. Maker of a wearable health sensor and fitness device LifeBeam scored $20 million from Joy Ventures, Square Peg Capital, New Era Ventures, Cerca Partners, Triventures, Wellborn Ventures, and FGI Capital Partners to expand its business, VentureBeat reports.
 
Cera — $17 million. London-based home care company Cera raked in $17 million in Series A funding this quarter with investors including Guinness Asset Administration, Yabeo, and Kairos. 
 
Solv Health — $16.8 million. San Francisco-based appointment booking app Solv Health announced today that it has closed a $16.8 million Series B round of funding. The round was led by Greylock Partners, with participation from Benchmark and Aspect Ventures.
 
Vicarious Surgical — $16.75 million. Vicarious Surgical, a startup that combines virtual reality with surgical robotics, landed $16.75 million in a Series A funding round led by Vinod Khosla's Khosla Ventures and Eric Schmidt’s Innovation Endeavors, with participation from Bill Gates’ Gates Ventures, Jerry Yang’s AME Cloud Ventures and Marc Benioff. The company plans to use the money to support the next growth phase and build up its robotics and software teams. 
 
RapidSOS — $16 million. RapidSOS, a five-year-old startup focused on updating emergency response systems with data-driven technology, raised $16 million in funding from Highland Capital, Microsoft Ventures, and CSAA Insurance Group, according to a statement. Forté Ventures also contributed.
 
Simple Contacts — $16 million. Eye telemedicine company Simple Contacts announced it raked in $16 million in Series B funding at the end of last week. The latest round, which was led by Waypoint Capital Partners with participation from returning investors Goodwater Capital, Steven Cohen, executives from Flatiron Health and a number of ophthalmologists, brings the company’s total funding to $26 million.
 
Mindstrong Health — $15 million. Mindstrong Health, a company that uses phone activity to measure mental health and behavior, closed a $15 million Series B funding round. This newest backing brings the startups total financing to $29 million, and will be used to scale the business and advance commercial deployments with partners in the healthcare industry. Mindstrong is backed by ARCH Venture Partners, Berggruen Holdings, Bezos Expeditions, Decheng Capital, Foresite Capital, Optum Ventures, and One Mind Brain Health Impact Fund.
 
Benchling — $14.5 million. Benchling, which offers a software suite for improving collaboration and productivity among life sciences and biotech researchers, has raised $14.5 million in series B funding. Benchmark led the round, with additional participation by F-Prime Capital and returning investor Thrive Capital.
 
RubiconMD — $13.8 million. New York City-based digital consult platform RubiconMD closed a $13.8 million Series B funding round led by HLM Venture Partners and Optum Ventures. Other participants in the round included Centene Corporation, Blue Ivy Ventures, and other return investors.
 
Element — $12 million. Artificial intelligence-powered mobile biometric recognition company Element landed $12 million in a Series A funding round led by PTB Ventures and GDP Ventures, with additional participation from a number of large banks and telecom carriers in South East Asia.
 
EyeQue — $11.2 million. EyeQue, maker of at home visual acuity tests, scored $11.2 million in its second funding round. This latest financing brings the company's total funding to $16.2 million. 
 
mPulse Mobile — $11 million. Encino, California-based healthcare messaging service mPulse Mobile raised $11 million in a Series B funding round led by SJF Ventures, mPulse Mobile announced at HLTH: The Future of Healthcare Conference. Other participants included previous investors HLM Venture Partners, EchoHealth Ventures, OCA Ventures, and Bonfire Ventures.
 
PriorAuthNow — $10.5 million. Columbus, Ohio-based PriorAuthNow, maker of an electronic prior authorization platform, closed a $10.5 million Series A funding round. The investment was led by Atlanta-based BIP Capital, with participation from NCT Ventures and Detroit Venture Partners.
 
Valencell — $10.5 million. Biometric sensor technology company Valencell announced that it has raised $10.5 million in Series E, bringing the company’s total funding to $35 million. The new backing primarily comes as the result of a strategic investment by hearing instrument and specialty earphone company Sonion a/s, with additional participation from prior investors including TDF Ventures, GII LLC, and WSJ Joshua Fund.
 
Wellist — $10 million. Boston-based Wellist, a digital health company that helps hospitals connect their patients to non-clinical support services, raised $10 million in its first round of institutional funding. Summation Health Ventures, a strategic healthcare investment fund affiliated with MemorialCare Health System and Cedars-Sinai Health System and .406 Ventures, a Boston-based venture capital firm, led the round.
 
Parachute Health — $9.5 million. Hot on the heels of a $5.5 million seed funding announcement in March, New York-based Parachute Health — a startup looking to digitize the ordering of durable medical equipment (DME) and other critical medical equipment for patients leaving the hospital — brought in $9.5 million in additional backing.
 
Murj — $8.5 million. Murj, developer of a digital data collection platform for implantable cardiac devices, announced that it raked in $8.5 million in a series B financing led by Longitude Capital, with participation from True Ventures and other existing investors.
 
AbleTo — $8.5 million. Behavioral health technology company AbleTo raised an additional $8.5 million in funding, according to an SEC filing.
 
Nutrino — $8 millionNutrition analytics and data startup Nutrino raked in $8 million, completing its Series A funding round. This round had participation by existing investor the New York Angels group and had new participation from Pereg Ventures, Nielsen Ventures and Gandyr Group. This latest funding round brings the company's total funding to $10 million. 
 
Global Kinetics Corporation — $7.75 million. Melbourne, Australia-based Global Kinetics Corporation, maker of a wearable Parkinson’s disease monitor, received a $7.75 million investment from the Australian Federal Government’s Biomedical Translation Fund, according to news from the Australian Financial Review that was confirmed by MobiHealthNews.
 
Hinsta — $7.6 million. Hintsa Performance, a Finnish employee wellness tech company that formed last year when H2 Wellbeing (makers of the HeiaHeia app) merged with Hintsa Performance in 2016, raised $7.6 million (€6.8 million) in new funding. Life insurance company OP Insurance led the round along with Pontos Group. Previous investor Ilmarinen also participated in the round.
 
Vitruagym — $7 million. Amsterdam-based fitness app company Virtuagym raised $7 million (€6 million) in its second round of funding. European tech investor Endeit Capital led the round. 
 
Pardromics — $7 million. Paradromics, a San Jose, California-based startup that is working to create streaming capabilities between the brain and computers, landed $7 million in seed funding. The round was led by Arkitekt Ventures and Synergy Ventures with participation from It-Farm, Dolby Ventures, Alpha Edison, Loup Ventures, and existing investor Fusion Fund. 
 
Common Sensing — $6.6 million. Cambridge, Massachusetts-based Common Sensing, which specializes in connected containers for injectable medications, raised $6.6 million in Series A funding. The round was led by Waterline Ventures, with New World Health, Royal Philips, and Haselmeier also participating.
 
Luma Health — $6.3 million. Patient-provider communication platform Luma Health announced that it landed $6.3 million in a Series A funding round led by U.S Venture Partners with participation from Stanford-StartX Fund and existing investors, bring the total financing to $9.7 million. 
 
Casetabs — $6 million. Santa Monica, California-based Casetabs, which sells a cloud-based app designed for surgery coordination and communication, raised $6 million in Series A funding, according to a statement. The investment round was led by Nueterra Capital and Evolution Financial Group.
 
iBeat — $5.5 million. San Francisco-based wearable tech company iBeat announced that it closed an additional $5.5 million in seed funding, bringing its total round to $10 million. The backing came from new investors Kairos, 8VC, City Light Capital, Plug and Play Ventures, and ChinaRock Capital Management, as well as a collection of angel investors including Tony Robbins, Josh Kazam, Shlomo Ben-Haim, Dr. Fred St. Goar, and Dr. Uma Valeti. In addition to this funding round, in June the company announced another funding round but for an undisclosed sum. 
 
Kaiku Health — $5.4 million. Helsinki, Finland-based Kaiku Health, which offers digital patient monitoring and patient-reported outcome services designed for several medical specialties, announced $5.4 million (€4.4 million) in Series A financing. The round was led by Debiopharm Innovation Fund SA and Tesi, with additional participation from new investor Prodeko Ventures and returning supporters Reaktor Ventures, Metsola Ventures, and Athensmed.
 
Sensome — $5.4 million. Paris-based Sensome, a company that makes sensors to identify biological tissues, landed $5.4 million (4.6 million euro) in a funding round led by Kurma Partners. The latest funding is expected to help the startup bring its smart stroke guidewire, the Clotild, to market. 
 
BrainQ — $5.3 million. Jerusalem, Israel-based BrainQ raised $5.3 million in its latest funding rounding, bringing the digital neurodisorder therapy company’s total funding to $8.8 million. Participants in the round included Qure Ventures, OurCrowd.com, Norma Investments, IT-Farm, and other angel investors.
 
Owkin — $5 million. New York City-based Owkin, which uses machine learning to enhance biomedical research, raised $5 million in Series A follow-on funds. GV, the venture arm of Alphabet formerly known as Google Ventures, was the sole investor. After Owkin picked up $11 million in January, this new raise brings the company's Series A funding to $16 million and its total funding to $18.1 million.
 
Sword Health — $4.6 million. Digital physiotherapy company Sword Health brought in $4.6 million in a seed funding round led by Green Innovation, Vesalius Biocapital III, and other unnamed US and European investors. 
 
CareTaker Medical — $3.4 million. Charlottesville, Virginia-based connected monitor company CareTaker Medical closed a $3.4 million investment. The funding round was led by IrishAngels, KOFA Healthcare, and Jaffray Woodriff, with participation from other new and existing investors.
 
uMotif — $3.2 million. Patient-facing clinical trial software company uMotif raised $3.2 million (£2.4 million) in a funding round led by independent investment manager Albion Capital, with additional participation from unnamed angel investors.
 
Healios — $2.9 million. UK-based digital mental health company Healios closed a $2.9 million (£2.2 million) funding round led by Albion Capital and Spice Capital. 
 
Mightier — $2.4 million. Mightier, a Boston Children’s Hospital spinout that makes biofeedback video games to help children with emotional regulation, raised $2.4 million in seed funding. Slow Ventures led the round, with additional participation from Bolt, Founder Collective, Project 11, and angel investors. The round brings the company’s total seed financing to more than $3.7 million.
 
Insightin Health — $2 millionGaithersburg, Maryland-based Insightin Health announced the full launch of its big data platform designed to help health plans manage customer relationships, alongside news that it has closed a $2 million seed stage financing round.
 
MedCrypt — $1.9 million. Medical device cybersecurity software company MedCrypt announced that it raised $1.9 million in new seed funding. The round’s primary backer was Eniac Ventures, with additional participation from Sway Ventures, Nex Cubed, Oronoco Investments, and Friedman BioVentures.
 
Risalot — $1.5 million. New York-based musculoskeletal digital health platform Risalto Health landed $1.5 million in seed funding from Health Catalyst Capital Management, a venture capital firm focused on health companies. The platform works as a concierge service using machine learning and AI to identify muscular and skeletal health providers in an area, such as physical therapists, doctors, and surgeons. Risalto then links patients and employers to those providers based on needs. 
 
Ambient Clinical Analytics — $1.5 million. A remote patient monitoring company that spun off from Mayo Clinic in 2013, Ambient Clinical Analytics raised $1.5 million in a round led by Noaber Ventures, the impact investment arm of Noaber Foundation and the company’s first European investor. Existing investors Social Capital, Bluestem Capital, and Mayo Clinic also contributed to the round.

Level Ex — undisclosedChicago-based Level Ex received an undisclosed investment from OSF Ventures, the investment arm of Peoria, Illinois-based 13-hospital system OSF HealthCare.