digital health funding

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...
By Dave Muoio 04:16 pm August 25, 2020
Less than half a year after closing a $75 million raise, digital behavioral health benefits platform Lyra Health has wrapped up another $110 million in Series D funding, the company announced today. The new round was led by Addition, and brought on Adams Street Partners alongside a slew of returning backers: Casdin Capital, Glynn Capital, Greylock, IVP, Meritech Capital Partners, Providence...
By Laura Lovett 02:00 pm August 25, 2020
Telehealth giant Amwell has officially filed to go public, fueled with a $100 million funding boost from Google’s cloud division.  The funding also comes with a partnership agreement, which designates Amwell as Google Cloud's preferred telehealth provider, and vice versa for Google’s cloud platform. The pair will also collaborate on technology, specifically bringing together AmWell’s telehealth...
By Dave Muoio 11:49 am August 24, 2020
Today One Drop announced a string of new deals with Bayer that could bring the digital diabetes-management company nearly $100 million in new funds. The agreements include the closure of a Series C financing round led by the pharma giant, as well as $64 million in unspecified development commitments and potential commercial milestone payments. Launched in late 2016, One Drop's wireless blood...