digital health funding

By Dave Muoio April 18, 2019
Door closes on drug discovery. IBM is tapering off sales of its Watson for Drug Discovery product in favor of other healthcare offerings using the AI technology, STAT reported this morning. The decision was made in response to weak demand and purchases from customers. "We are focusing our resources within Watson Health to double down on the adjacent field of clinical development where we see an...
By Laura Lovett April 18, 2019
This week Swedish startup NuvoAir, best known for making respiratory monitors, scored $3 million in new funding. The latest round was led by Inustrifonden, with participation from Investment AB Spiltan.  WHAT THEY DO The company made a name for itself with a smartphone spirometer able to conduct lung function assessments in a home environment.  Last year the company launched the Air Next system,...
By Dave Muoio April 18, 2019
Yesterday PathAI, a Boston-based maker of artificial intelligence tools for pathology, closed a $60 million Series B funding round led by General Atlantic. Other existing investors, most notably General Catalyst, also participated in the round. To monitor its investment, General Atlantic Managing Director Dr. Michelle Dipp will also be joining the AI company’s board of directors. WHAT THEY DO...
By Dave Muoio April 17, 2019
Bardy Diagnostics, maker of an adhesive ambulatory cardiac patch for remote monitoring, has raised $35.5 million in a Series B funding round led by River Cities Capital Funds. The round also featured participation from newcomers HealthQuest Capital, Aperture Venture Partners, Aphelion Capital, Lumira Ventures and Rex Health Ventures, as well as returning backers SV Health Investors, Health...
By Jonah Comstock April 16, 2019
Digital physical therapy company Sword Health has raised $8 million in a Series A funding round led by Khosla Ventures, with additional participation from unnamed angel investors. The round brings Sword Health's total funding to more than $15 million, according to the company, including a $4.6 million seed round in April of last year. Founded in Portugal, the company now has offices in New York...

Photo Credit/ Ro, press kit 

By Laura Lovett April 16, 2019
Ro — the company which made its mark with a men’s health platform focused on erectile dysfunction called Roman — has landed an additional $85 million in Series B financing, according to a source at TechCrunch.  When MobiHealthNews reached out, the company declined to comment on this funding.  WHAT THEY DO Ro made a name for itself in the digital health world with its online platform that...
By Dave Muoio April 16, 2019
Austin, Texas-based EverlyWell — maker of a digital platform that lets consumers to order lab tests online, provide samples and receive results — has raised $50 million in a funding round announced this morning. Goodwater Capital led the round, with additional participation from Highland Capital Partners, Next Coast Ventures, NextGen Venture Partners and other unnamed investors. WHAT THEY DO...

Cityblock CEO Iyah Romm at CHC in October/Photo Credit:Christopher Huang 

By Laura Lovett April 12, 2019
This morning Cityblock, a startup focused on addressing socio-economic health disparities through tech, announced that it landed $65 million in Series B funding. The round was led by Redpoint Ventures with participation from 8VC, Echo Health Ventures, StartUp Health, Sidewalk Labs, Thrive Capital, Maverick Ventures, Town Hall Ventures and EmbelmHealth.  WHAT THEY DO  Cityblock, a spinout of...
By Dave Muoio April 10, 2019
VR cardiac care training. Healthcare training and education firm Health Scholars has launched a VR training simulation to help clinicians practice their advanced cardiac life support (ACLS) skills. The app was built to follow the American Heart Association’s guidelines and programs and incorporates a voice recognition component. “Our mission is to improve patient safety, and by virtualizing ACLS...
By Dave Muoio April 8, 2019
Deep Lens, a digital pathology startup particularly focused on cancer trials, has brought in a $13.65 million Series A round, according to an SEC filing. The fundraise was headed by Northpond Ventures with additional support from prior investors Rev1 Ventures, Sierra Ventures and Tamarind-Hill Partners, according to a release. The Series A comes quickly after a seed funding round that raised just...