digital health funding

By Laura Lovett 12:07 pm October 5, 2020
This morning Your.MD, a digital symptom checker and personal health tool Healthily, scored $30 million in Series A funding. The latest round of funding was driven by Reckitt Benckiser (RB), a consumer health company. WHAT THEY DO The London-based startup was founded in 2015. Its tool was designed to help patients make decisions about their health, including when to see a doctor and what level of...
By MobiHealthNews 02:41 pm October 2, 2020
The first six months of the year have painted a picture of extraordinary investor interest in digital health, but no quarter has made a stronger case than the past three months of record-breaking fundraising. In Q3 2020, MobiHealthNews covered an unprecedented 109 investment deals and announcements that brought a total of more than $4.6 billion to digital health startups and health tech...
By Dave Muoio 11:10 am September 30, 2020
Siren, a smart textile company known for its temperature-monitoring socks, has added another $9 million to an $11.8 million Series B raise from early summer. The latest raise adds new backers Manta Ray, Mighty Capital and David Helgason to the company's Series B round, which included names like Anathem Ventures, Khosla Ventures, DCM, Founders Fund and other prior investors. WHAT IT DOES Founded...
By Dave Muoio 11:47 am September 24, 2020
Papa, a Miami-grown startup using technology to coordinate in-home senior companionship, has notched $18 million in new funding. The Series B round was led by Comcast Ventures, but also included names like Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Operator Partners and others. WHAT IT DOES Papa's platform connects college and nursing students with...
By Dave Muoio 02:54 pm September 21, 2020
Tonal has brought in $110 million from investors, the connected fitness company announced last week. L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media and THVC each renewed their support in the AI-powered exercise-machine service, while new backers included Delta-v Capital, the Amazon Alexa Fund, Mouse Partners and a trio of high-profile athletes – basketball players Stephen...
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...