digital health funding

By Dave Muoio 02:24 pm August 21, 2020
Exo, a Silicon Valley company known for its in-development handheld ultrasound device, announced $40 million in new funding yesterday. GlaxoSmithKline's Investor Action Potential Venture Capital fund was among the Series B+ round's unnamed investors. Exo said in its announcement that it will be using the funds to wrap up product development for that device, and to bring its data and workflow apps...
By Dave Muoio 11:06 am August 20, 2020
Pediatric behavioral care platform Brightline has brought in $20 million in Series A funding. Threshold Ventures and prior backer Oak HC/FT headed the raise, which also included Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens VC, Rock Health and City Light Capital. WHAT IT DOES The Palo Alto, California-based startup formerly known as...
By Dave Muoio 02:59 pm August 19, 2020
Somerville, Massachusetts-based virtual diabetes care company Podimetrics has added yet another $8 million to its Series B-2 funding, bringing the round's closing total to $24.6 million, the startup told MobiHealthNews. Polaris Partners, Rock Health, Norwich Ventures and Scientific Health Development, all of which had previously backed the company, contributed. Additionally, Podimetrics announced...
By Dave Muoio 09:58 am August 18, 2020
Cecelia Health, a virtual diabetes and chronic disease management startup, has raised $13 million in Series B funding. Rittenhouse Ventures and Endo Investors co-led the round, which also saw participation from Boston Millennia Partners, SustainVC, G100 Capital and others. WHAT IT DOES The company was initially founded as Fit4D, and focused on access to certified diabetes educators (CDE) for...
By Mallory Hackett 11:08 am August 17, 2020
Digital health company Thirty Madison recently announced the closing of a $47 million Series B funding round. It was led by Polaris Partners, but also had participation from new investor Johnson & Johnson Innovation and existing investors Maveron and Northzone. With the closing of this round, Thirty Madison has now raised $70 million. The company also announced the appointment of Amy Schulman...

Credit: CB Insights

By Dave Muoio 01:33 pm August 13, 2020
Industry research and big data analyst firm CB Insights has published its annual list of what it considers to be "the most promising" private digital health startups. The 150-strong cohort hails from 18 different countries, and chosen from a pool of nearly 8,000 contenders. Their inclusion was judged by CB Insights based on a range of factors, such as market potential, investor profile, patent...
By Dave Muoio 12:59 pm August 12, 2020
Eden Health has closed $25 million in a Series B funding round led by Flare Capital Partners. Stone Point Capital principals also joined as new investors, while prior backers Greycroft, PJC, Max Ventures and Aspect Ventures took part as well. Eden Health is a direct-to-employer healthcare provider that specializes in virtual primary care, insurance navigation and workplace pop-up clinics. The New...
By Dave Muoio 03:38 pm August 10, 2020
Lumeon, a Boston- and London-based care-management-automation startup, has announced $30 million in new Series D funding. Optum Ventures and Endeavour Vision co-led the raise, which also included LSP, MTIP, IPF Partners, Gilde and Amadeus Capital Partners. WHAT IT DOES Lumeon's primary offering is its EHR-integrated Care Pathway Management platform. The tool incorporates clinical and...
By Dave Muoio 03:54 pm August 7, 2020
Digital health prescription platform Xealth and health IT supplier Cerner have announced plans to incorporate Xealth's technology into Cerner's EHR and patient portal. By doing so, clinicians and care teams will be able to order and deploy more than 30 digital health programs supported by the Providence-St. Joseph Health spin-off's platform. The focus of these digital offerings includes chronic...
By Dave Muoio 02:24 pm August 6, 2020
Ginger, the San Francisco-based behavioral health startup formerly known as Ginger.io, announced today a $50 million Series D funding round. Advance Venture Partners and Bessemer Venture Partners headed the raise, which also saw participation from Cigna Ventures, Kaiser Permanente Ventures and LinkedIn Executive Chairman Jeff Weiner. With this, the company said it has raised more than $120...