Eden Health rakes in $60M, Oncology platform Carevive scores $18M and other digital health fundings

Also German company actio lands €10 million ($12 million) in seed funding and Botco.ai closes a $2.2 million seed funding.
By MobiHealthNews
03:33 pm
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Tech-enabled health provider Eden Health landed $60 million in Series C funding. Insight Partners led the round with participation from Amigo Health, Aspect Ventures, Company Ventures, Flare Capital, Flexcap Ventures, Max Ventures and PJC.  

This comes only months after the company scored $25 million in Series B funding led by Flare Capital, and bring the company’s total funding to $100 million.

Eden is a direct-to-employer health provider that offers virtual primary care, insurance navigation and workplace pop-up clinics. The new funds are expected to help fuel the expansion of brick-and-mortar medical offices and new features to integrate third-party health providers.

"Access to quality healthcare is a fundamental human right. The pandemic has put a spotlight on the value of employee wellbeing and has created a greater focus on population health. More than ever, employers understand that excellent healthcare is a business priority and a competitive advantage," Matt McCambridge, cofounder and CEO of Eden Health.

"Our company is at an exciting growth phase where we are focused on scale. The experience and expansive network that Insight Partners offers will help Eden Health continue on its solid path for long-term success."


 

Oncology health tech company Carevive Systems raised $18 million in Series C funding. Philips Health Technology Ventures led the round with participation from Debiopharm Innovation Fund, OurCrowd’s digital health fund, Qure Ventures, HLM Venture Partners, LRVHealth and Cerner.

The platform was designed to help doctors create a personalized care program for each patient. The tool uses real-world data to help calculate the plan. Carevive plans on using the money to invest in tech, data analytics and infrastructure.

“We have been following Carevive's development for some time," Allen Kamer, managing partner at Qure Ventures, said in a statement. "Carevive made significant progress in the last year, is now in dozens of hospitals around the U.S. and was selected by Pfizer as the first Patient-Reported Outcomes (PRO) challenge winner for Carevive PROmpt.

"We are excited by the company’s growth and the addition of Bruno, a veteran of the health and data analytics industry, to Carevive's senior leadership team."


tech.eu reports that actio, a German health-and-wellness-coaching app, has announced a €10 million-plus ($12 million) seed funding round – an extension to the €8.5 million it announced in December. The latest money came from Heal Capital, while the bulk of the round was supported by HV Capital and Cavalry Ventures.

The platform offers a range of 15-minute workout, yoga, meditation and other wellness sessions led by live coaches. The app calls users when a class they've signed up for is beginning to deter skipping sessions. Aside from its recent launch in December, the company did not outline specific plans for the new money.


Botco.ai, the maker of a marketing chatbot designed for healthcare enterprises, has closed a $2.2 million seed funding round led by Stout Street Capital. Sterling Road, PHX Ventures and Arizona Tech Investors also participated.

Botco.ai distinguishes its tool from other marketing chatbots by offering EHR and CRM integrations and ensuring HIPAA compliance. The API-based tool can conduct chat campaigns across a variety of channels, responds to patients' inquiries about appointments or services around the clock, and includes an analytics dashboard for customers to review its performance.

The startup said that it will be using its new funds to further develop its product, and called out additional integrations with EHRs and marketing automation platforms as part of its road map.

“The traditional way in which families and patients inquire about healthcare services is not sustainable. Families are forced to sacrifice crucial time – a majority of that time being spent on hold – just to receive a response. On the other side of the phone are our healthcare providers, who are unable to instantly and efficiently assist callers without wait times.

"The industry is in desperate need of innovation,” Rebecca Clyde, founder and CEO of Botco.ai, said in a statement. “As we innovate Botco.ai, our mission is to not only ensure that families can more easily manage critical care without long waits and cumbersome systems, but also assist healthcare professionals in providing instant responses to those in need.”


Health data company Gray Matter Analytics landed new funding in order to grow its staff and revenue. The new cash was provided by venture fund How Women Invest, LLC. The company is adding new offerings in member retention and behavioral health analytics. 

"How Women Invest is creating a much higher profile for women of color who are often overlooked by capital investors in the tech industry,” Sheila Talton, founder, president and CEO of Gray Matter Analytics, said in a statement.

“Gray Matter's analytics solutions provide predictive insights that not only identify systems inefficiencies for healthcare organizations, but also next best actions for intervention leading to improved outcomes and quality of care.”

 

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