February 5, 2015
The Center for Innovative Technology GAP Fund has invested an undisclosed amount in Ostendio, a DC-based company that developed a software-as-a-service offering aimed at helping health IT companies better achieve and prove HIPAA compliance.
CIT GAP Fund, a group of seed and early-stage investment funds, invests in Virginia-based technology, life science, and cleantech startups.
February 2, 2015
Eligible, which offers an API that other health tech companies use to add a streamlined insurance eligibility check feature for doctors and patients, has raised $2.3 million, according to an SEC filing.
The company raised more than $1.5 million in seed funding last year, using a combination of AngelList and SecondMarket. Backers at that time included David Lee, Esther Dyson, Anvil Capital’s...
January 6, 2015
Minneapolis, Minnesota-based telemedicine company Zipnosis has received a "significant" strategic investment from Fairview Health, the hospital system the company has been working with the past several years. The amount of the investment was not disclosed.
"It’s not only a really good runway for us, but it also gives us a partner who’s got national connections through a variety of networks," CEO...
January 5, 2015
Funding by category, from Rock Health's report
Seed investor Rock Health and digital health academy StartUp Health, two companies that track funding and other data points about digital health, are both reporting 2014 as a record-breaking funding year for digital health in multiple categories.
Rock Health places the total digital health funding for 2014 just over $4 billion, while StartUp...
January 5, 2015
San Francisco-based health behavior monitoring and analytics startup Ginger.io raised $20 million, according to an SEC filing. This brings the company's total funding to at least $28.2 million.
It's likely that Kaiser Permanente Ventures invested in the round because Ginger.io added Kaiser Permanente Ventures partner Dave Schulte to its board in the filing, as pointed out in a report over at ...
November 13, 2014
The founders of Kobo, an eReader device company that rivaled Amazon's Kindle, have raised $4 million in seed funding for their next venture: Toronto-based mobile health startup League. The new startup is developing a digital health platform focused on preventative health. League's seed round was led by OMERS Ventures with participation from Foundation Capital, Real Ventures and Infinite Potential...
October 22, 2014
Bethesda, Maryland-based cellular-enabled blood glucose meter company Telcare has raised $32.5 million led by Norwest Venture Partners with participation from Mosaic Health Solutions and existing backers The Qualcomm Life Fund and Sequoia Capital. The latest round of funding takes Telcare's total disclosed funding to north of $60 million.
Telcare offers a diabetes management package that includes...
October 3, 2014
Despite the third quarter including two usually sleepy summer months, plenty of digital health news broke between July and the start of October. (Download a PDF version of this report right here.)
1. Mergers and acquisitions
M&A activity stayed strong with eight such deals -- only one less than Q2's nine M&A deals.
HCA buys PatientKeeper: The most recent acquisition deal -- just last week...
October 1, 2014
As the third quarter of 2014 comes to an end, both Rock Health and StartUp Health have posted reports -- as they always do -- that tracked the amount of funding raked in by digital health companies over the course of the past few months and for the year so far. Rock Health has tracked $3 billion in funding for 2014, while Startup Health has tracked a whopping $5 billion. While both numbers are...
September 22, 2014
Funding for digital health startups will reach $6.5 billion by the end of 2017, up from $3.5 billion in 2014, according to a recent report from consulting firm Accenture. Digital health funding last year topped $2.8 billion.
“A digital disruption is playing out in healthcare that will change social interactions, alter consumer expectations and, ultimately, improve health outcomes,” Accenture...