digital health funding

By Laura Lovett 02:47 pm January 21, 2020
This morning HelpAround, a digital platform that helps patients navigate health service options, announced that it scored $6 million in funding. IQVIA led the round with participation from Windham Ventures and other existing investors.  The company has noted that the announcement marks the initial closing of this founding round, and that the final close is expected to take place later in Q1 of...
By Dave Muoio 02:43 pm January 21, 2020
Gentem, a San Francisco tech startup looking to streamline reimbursement for smaller practices, has raised $3.7 million in seed funding. Susa Ventures headed the raise, which also saw support from Village Global, Vulcan Capital, Hustle Fund, 500 Fintech, Social Starts, Great Oaks VC and other unnamed backers. WHAT THEY DO In an effort to reduce the stress of payments for those working in small-...
By Laura Lovett 03:11 pm January 20, 2020
Virtual reality-enabled clinical training company Health Scholars has raked in $17 million in Series B funding. This new cash raise comes from investors including Arboretum Ventures, Venture Investors, Capital Midwest Fund, OSF HealthCare and other family office seed funders.  WHAT THEY DO The company uses VR to simulate a variety of clinical situations including operation, resuscitation and...
By Dave Muoio 11:50 am January 20, 2020
Digital gastrointestinal health company Vivante Health has pulled in another $5.1 million, largely from Lifeforce Capital and Big Pi Ventures. NFP Ventures, FCA Venture Partners and Longmont Capital also took part in the Series A1 round. WHAT THEY DO Vivante’s GIThrive is a digital digestive health program that includes an at-home microbiome testing kit, a breath-based food sensitivity monitor, a...
By Dave Muoio 11:31 am January 16, 2020
Bigfoot Biomedical, a diabetes startup looking to automate insulin delivery via a connected insulin pen, has kicked off its Series C round with an initial tranche of $45 million. The raise is headed once again by Abbott, with prior backers Quadrant Capital Advisors, Senvest Capital, Janus Henderson and Cormorant Asset Management pitching in once again. Alongside the news of its raise, Bigfoot...
By Laura Lovett 11:14 am January 16, 2020
Yesterday morning mental health-focused startup Modern Health announced that it scored $31 in Series B funding. Veteran digital health investors Founders Fund and John Doerr led the round, with participation from Kleiner Perkins and Afore Capital.  The company said this latest infusion of cash brings its total capital raise to $42 million.  WHAT THEY DO  The San Francisco-based startup works with...
By Dave Muoio 03:39 pm January 15, 2020
Concerto HealthAI, the maker of a clinical insight generation platform that employs real-world data in its analyses, has closed $150 million in aggregate Series B financing. Declaration Partners headed the investments, which also featured Maverick Ventures, AllianceBernstein PCI and SymphonyAI Group. Concerto boasts 90% year-over-year revenue growth for its business, and paired the funding...
By Laura Lovett 04:04 pm January 14, 2020
Digital health funding is on the decline, according to yet another funding report, this time from Mercom Capital Group. According to the company’s latest report, in 2019 digital health funding came in at $8.9 billion with 615 deals — a drop from the $9.5 billion and 698 deals recorded in 2018.  “After three consecutive years of growth, venture deals, and dollars for digital health companies...
By Jonah Comstock 02:58 pm January 14, 2020
Embodied Labs, a young company using virtual reality to provide immersive training for caregivers, has raised $3.2 million in seed funding, the company announced yesterday at the Health 2.0 VentureConnect event on the sidelines of the JP Morgan healthcare conference in San Francisco. “The round is very exciting because we triangulated experts in healthcare and aging care with [experts in]...
By Laura Lovett 01:46 pm January 13, 2020
Type 2 diabetes management company Virta announced a whopping $93 million Series C financing round late last week. The latest round was led by Caffeinated Capital with participation from Venrock, Obvious Ventures, Creandum, Playground Global and SciFi VC.  This announcement brings the company’s total funding pot to around $166 million, coming roughly a year-and-a-half after its Series B round,...