digital health funding

By Laura Lovett 03:05 pm July 30, 2020
This week digital home fitness system Tempo announced a $60 million Series B funding round. Northwest Venture Partners and General Catalyst led the round with participation from DCM, Bling Capital, SignalFire, Founders Fund and Y Combinator.  As part of the deal, Northwest Capital’s Edward Yip and General Catalyst’s Holly Maloney were added to the board of directors.  This news comes just months...
By Dave Muoio 02:52 pm July 29, 2020
Sema4, a Mount Sinai spinout developing health-data-analytics platforms, has raised $121 million in Series C funding. BlackRock led the oversubscribed round, which also saw participation from new investors Deerfield Management Company and Moore Strategic Ventures, and also old backers Blackstone, Section 32, Oak HC/FT, Decheng and Connecticut Innovations. With this round, coming less than a year...
By Dave Muoio 08:38 am July 29, 2020
Humana has invested $100 million into Heal as part of a new strategic partnership between the two companies. The Series D investment more than doubles Heal's lifetime fundraise, bringing the house call and telehealth platform's lifetime raise to around $170 million. WHAT IT DOES Heal was founded in 2015 as an app that helped users coordinate doctor house calls. Although initially limited to Los...
By Dave Muoio 11:41 am July 28, 2020
Israeli "digital X-ray" startup Nanox has secured another $59 million from unnamed "global investors." The company now pegs its round total at $110 million, after combining today's news with investments announced since November of 2019. Contributors to those incremental raises included Foxconn, Fujifilm and SK Telecom. WHAT IT DOES The Israeli company is developing a two-pronged offering...
By Dave Muoio 03:00 am July 28, 2020
Withings, a maker of several consumer and B2B connected health devices once owned by Nokia, has announced the close of a $60 million Series B round. The raise was co-headed by Gilde Healthcare, Idinvest Partners and Bpifrance. BNP Paribas Développement, ODDO BHF Private Equity and Adelie Capital also participated. The company has also appointed a new global medical advisory board that includes Dr...
By Dave Muoio 11:03 am July 23, 2020
Sidecar Health, an insurance startup focused on price transparency and direct payments for care, has raised $20 million in a new round of funding announced this morning. Cathay Innovation headed the raise, with new investors Comcast Ventures, Kauffman Fellows and 23andMe CEO Anne Wojcicki joining in. Prior backers GreatPoint Ventures and Morpheus Ventures participated as well. With this morning's...
By Laura Lovett 03:09 pm July 22, 2020
Russian insurtech startup BestDoctor has scored $4.5 million in investment dollars. The funding, which was first spotted by Tech Crunch, was led by AddVenture and Target Global, with participation from the LVL1 fund.  East-West Digital News previously reported on the company’s $3 million Series A round in May of 2019.  WHAT IT DOES The company caters to employers providing health plans to their...
By Laura Lovett 02:02 pm July 21, 2020
Yesterday morning, healthcare transportation company Roundtrip announced that it scored an extra $4 million in capital. The round was led by Motley Fool Ventures, with participation from Zoll Medical Corporation, UH Ventures and Gray Ferry Capital.  This is an add-on to the $5.1 million round they announced in May of 2019.  WHAT THEY DO  The company focuses on providing patients rides to medical...
By Dave Muoio 12:10 pm July 21, 2020
This morning Sprout, a tech-enabled autism care and treatment program, launched its service on the back of $10 million in seed funding from institutional investors General Catalyst, Bling Capital and Felicis Ventures. WHAT THEY DO Sprout's approach combines prompt in-home assessments and applied behavior analysis (ABA) therapy from a live therapist with a tech platform that delivers ongoing...
By Dave Muoio 03:15 pm July 20, 2020
NowRx, an online pharmacy that specializes in same-day, same-hour prescription deliveries – wrapped up a $20 million Series B funding round, again through crowdfunding platform SeedInvest. The company said this brings its total raise to $30 million. NowRx combines proprietary pharmacy management software with last-mile logistics to provide a consumer app that simplifies orders and ensures prompt...