Funding and IPOs

By MobiHealthNews 02:38 pm August 7, 2020
Shortly before news broke that Teladoc was set to acquire Livongo, the chronic disease management company announced its quarterly earnings results. On Aug 5 it announced that its second quarter total revenue came in at $91.9 million, which was up 125% YoY. The company reported a GAAP gross margin of 76.6% and non-GAAP gross margin of 77.3%. The company attributed the gains to its growing...
By Laura Lovett 02:29 pm August 6, 2020
This morning, Infermedica, a Wrocław, Poland-based artificial intelligence triage system, announced that it closed its Series A funding round with $10.25 million. European Bank for Reconstruction and Development and Heal Capital led the round with participation from Karma Ventures, Inovo Venture Partners and Dreamit Ventures.  This comes roughly a year after Infermedica announced a $3.65 million ...
By Dave Muoio 02:24 pm August 6, 2020
Ginger, the San Francisco-based behavioral health startup formerly known as Ginger.io, announced today a $50 million Series D funding round. Advance Venture Partners and Bessemer Venture Partners headed the raise, which also saw participation from Cigna Ventures, Kaiser Permanente Ventures and LinkedIn Executive Chairman Jeff Weiner. With this, the company said it has raised more than $120...
By Dave Muoio 11:12 am August 5, 2020
Sight Diagnostics, an Israeli startup developing a machine-vision-based finger-prick analysis device, announced today $71 million in Series D funding. Koch Disruptive Technologies, Longliv Ventures and OurCrowd all participated in the round. According to the company, this newest raise brings its lifetime funding to more than $124 million. WHAT IT DOES Founded in 2011, Sight Diagnostics offers an...
By Dave Muoio 02:44 pm August 4, 2020
GoodRx, an online pharmacy platform for low-cost prescriptions and price comparisons, has submitted the SEC forms necessary for an IPO, Reuters reports. The timing of the startup's listing is still in the air, however, with 2020 and early 2021 both on the table depending on developments in the market, according to the anonymous source. GoodRx is still in the process of hiring advisors for the...
By Tammy Lovell 02:15 am August 4, 2020
The UCL Technology Fund (UCLTF) has announced first close of a £100 million target Fund 2, to take academic research all the way from proof of concept to commercialisation. The new fund, which is managed by AlbionVC in collaboration with UCL Business Ltd (UCLB), will support University College London (UCL) in achieving the full potential of innovations that have prospects for outstanding societal...
By Laura Lovett 12:28 pm August 3, 2020
A new digital health company focused on the European market, named HealthHero, officially launched this morning. This news comes just as it closed a deal to acquire German medical consultation platform Fernarzt.com.  HealthHero is London-based startup designed to allow users to tap into medical services 24/7 through video calls, online chats or phone calls. Patients can use the service to access...
By Dave Muoio 12:19 pm August 3, 2020
Israeli "digital X-ray" startup Nanox filed a Form F-1 with the SEC on Friday that outlines plans to raise $125 million in an IPO. The company has applied to list its shares on the Nasdaq exchange as "NNOX," and according to a representative has entered its quiet period prior to the IPO. Nanox, which has raised $110 million from investors since November 2019, is building a two-part offering...
By Dave Muoio 02:06 pm July 31, 2020
Lemonaid Health, a San Francisco-based telehealth platform and provider, announced today $33 million in Series B funding. The new round was led by Olive Tree Ventures, and included Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures and other unnamed backers. This latest round brings the company's fundraising total to $55 million. Lemonaid said it will be using the new funds to...
By Laura Lovett 03:05 pm July 30, 2020
This week digital home fitness system Tempo announced a $60 million Series B funding round. Northwest Venture Partners and General Catalyst led the round with participation from DCM, Bling Capital, SignalFire, Founders Fund and Y Combinator.  As part of the deal, Northwest Capital’s Edward Yip and General Catalyst’s Holly Maloney were added to the board of directors.  This news comes just months...