digital health funding

By Dave Muoio 11:48 am September 15, 2020
Medigate, a startup focused on cybersecurity for medical devices and other connected health products, has announced $30 million in Series B funding, bringing the company's lifetime raise to $50 million. Partech led the round, which also saw participation from Maor Investments and prior backers YL Ventures, U.S. Venture Partners and Blumberg Capital. WHAT IT DOES Medigate's platform secures ...
By Dave Muoio 11:37 am September 14, 2020
Major telehealth vendor MDLive announced this morning a new $50 million crossover equity investment from Sixth Street Growth. The company said that it has also obtained $25 million in debt financing from other unnamed investors. WHAT IT DOES MDLive provides a telehealth platform staffed by a network of certified clinicians capable of delivering virtual urgent care, dermatology, therapy and...
By Dave Muoio 02:14 pm September 10, 2020
Artificial intelligence drug discovery company Recursion Pharmaceuticals has announced an oversubscribed Series D funding round totaling $239 million. Headlining the raise is a strategic partnership with Bayer, which came with a $50 million investment from the Leaps by Bayer. Casdin Capital, Catalio Capital Management, Laurion Capital Management, Samsara BioCapital and all of the major...
By Laura Lovett 02:01 pm September 9, 2020
This morning, clinical-navigation platform Grand Rounds announced a whopping $175 million investment round led by the Carlyle Group. This brings the company’s total funding pot to over $270 million.  WHAT IT DOES The California-based company was founded in 2011 and started out as a second opinions site, but then pivoted to the health navigation space. Today the company makes deals with employers...
By Dave Muoio 10:48 am September 9, 2020
Oncomfort, a Belgian company using therapeutic virtual reality to relieve pain and anxiety, has raised €10 million ($11.8 million) in Series A funding. Debiopharm and Crédit Mutuel Innovation led the round, which also saw support from existing shareholders and Belgium's Walloon Region Regional Investment Company. WHAT IT DOES Oncomfort was founded in 2017, and launched its SedaKit for Digital...
By Dave Muoio 10:48 am September 3, 2020
Biofourmis, a Boston-based predictive-care startup that's leaning more and more into digital therapeutics, has wrapped up $100 million in Series C financing. The raise was led by SoftBank Vision Fund 2, and also saw contributions from prior backers Openspace Ventures, MassMutual Ventures, Sequoia Capital and EDBI. With this major jump from last May's $35 million Series B, the company is now...
By Dave Muoio 02:47 pm September 2, 2020
NeuroPace, the maker of an implanted neurostimulation therapy device for uncontrolled epileptic seizures, announced a $33 million equity raise on Monday. Accelmed Partners led the investment, which was joined by new backers such as Revelation Partners, Soleus Capital and an unnamed strategic investor. Prior backers KCK Group and OrbiMed Advisors also contributed. Alongside the equity, NeuroPace...
By Laura Lovett 01:36 pm September 2, 2020
PicnicHealth, a startup that helps patients access and share their medical records, raked in $25 million in new Series B funding round led by Felicis Ventures.  This comes roughly two years after the California company raised $10 million in its Series A round.  As part of the new deal Sundeep Peechu, managing director at Felicis Ventures will take a seat on PicnicHealth’s board of directors. ...
By Dave Muoio 11:15 am September 1, 2020
Hazel Health, a pediatric telehealth provider known for delivering care through school systems, has announced a $33.5 million Series C raise headed by Owl Ventures and Bain Capital Ventures. Uprising, Centene and UC San Francisco also invested in the round. WHAT IT DOES Through partnerships with school districts, Hazel Health operates virtual care clinics inside the school nurse's office. Its...
By Dave Muoio 11:35 am August 26, 2020
Real-world evidence (RWE) technology startup Aetion has extended last year's $63 million Series B with a new $19 million raise. The funds come as strategic investments from Johnson & Johnson Innovation, JJDC, EDBI and Greenspring Associates, all three of which are new supporters of the company. WHAT IT DOES Founded in 2013, the company's platform provides insights from RWE to decision-makers...