Ferrum Health's $9M seed round, Lionrock Recovery's $7M raise and more digital health funding news

Also: Datos Health ties off $7 million in Series A funding; Wellthy Therapeutics collects $4 million in pre-Series A; Lifesprk fleshes out tech with $16.1 million.
By Dave Muoio
04:03 pm

Ferrum Health has closed a $9 million seed round led by Blumberg Capital. GSR, Vulcan Capital, Valley Capital Partners and "an undisclosed strategic family office" also participated, according to the company's announcement.

Ferrumis building an artificial intelligence platform that aims to spot and prevent medical errors and spot potential cancer diagnoses within the hospital's radiology department. Of note, the technology was deployed last month by Sutter Health.

The new funds will help the startup continue to flesh out its technology, pick up new engineering hires, and expand its sales and marketing efforts.

Lionrock Recovery, a telehealth services provider specializing in substance-use disorders, has raised $7 million in new funding. Wasserstein Family Trust and Big Spruce Holdings participated in the raise.

The company operates with licensed counselors across 47 states. With this raise, it aims to further build out its staff, marketing efforts, clinical offerings and proprietary-practice management systems.

Tel Aviv, Israel-based Datos Health has tied off a $7 million Series A funding round, bringing the remote-care company's total funding to $9.2 million. Crescendo Venture Partners headed the round, which also included Industry Ventures, Vertex and Angular Ventures.

Datos said that it would be looking to expand its sales and marketing efforts with the new funds. The company is also aiming to beef up its workforce and accelerate development of its workflow-friendly remote-care platform.

Wellthy Therapeutics, a digital-therapeutics company targeting chronic-disease prevention, management and reversal, has raised $4 million in pre-Series A funding from Saama Capital, which has purchased a roughly 16% stake in the Southeast Asia company with its investment.

In addition to expanding into new regions, the company said that it will be using these funds to prepare for the launch of its digital respiratory therapeutic portfolio.

Lifesprk, a senior-care company that uses a prioprietary tech system to coordinate care, has brought in $16.1 million in Series A investments headed by Virgo Investment Group.

Founded back in 2004, Lifesprk takes a whole-person-care approach that's relies EHR, social determinants of health and other relevant data to drive predictive analytics and other care population management support. The funds will help Lifesprk invest in new technologies to support its Life Experience Alternative Delivery System (LEADS).


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