digital health funding

By Dave Muoio 03:23 pm May 27, 2020
Higi, the maker of health kiosks found in retail pharmacies and groceries, has raised $30 million in a new funding round led by symptom-check chatbot service Babylon Health. The raise also included participation from Higi's prior backers, including 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University Medical Center for Health and William Wrigley Jr. WHAT THEY DO Higi's...
By Dave Muoio 12:21 pm May 26, 2020
insitro and Exscientia, two platforms using artificial intelligence to drive the discovery of new drugs, announced this morning the raise of $143 million and $60 million, respectively, from investors. insitro's oversubscribed Series B round was headed by Andreessen Horowitz, and joined by new backers Canada Pension Plan Investment Board, T. Rowe Price Associates, BlackRock, Casdin Capital, HOF...
By Laura Lovett 04:29 pm May 21, 2020
On Wednesday Big Sky Health, best known for its fasting app Zero, scored $8 million in Series A funding. The latest round was led by Greycroft., and brings the company’s total funding pot to $4.2 million.  Coinciding with the funding news is the announcement that Big Sky Health will also be offering Zero Plus, a premium service of its fasting app.  WHAT THEY DO The company’s main product is...
By Laura Lovett 03:59 pm May 20, 2020
This morning telehealth giant Amwell raised a whopping $194 million in a Series C funding. Allianz X and Takeda were among the participants this round.  Amwell has a history of large funding rounds. In 2018 it raked it a cool $365.4 million in Series B funding, and in 2014 it raised $81 million.   This latest funding news comes as telehealth gets its era in the spotlight, as providers and...
By Dave Muoio 11:31 am May 20, 2020
Tava Health, a Salt Lake City-based mental-telehealth provider, has closed $3 million in seed funding. Peterson Ventures led the round. WHAT THEY DO Founded and launched just last year, Tava works with employer customers to connect their employees with remote therapy and a personalized treatment plan. Video sessions conducted through the platform are self-scheduled by the patient, and...
By Dave Muoio 03:57 pm May 19, 2020
Digital chronic-disease-program company Omada Health is leaping into musculoskeletal care thanks to its acquisition of Physera, an app-based platform that includes remote consultations with physical therapists. Although the deal was announced today, Omada said it will "immediately" begin offering the MSK program to its employer, health plan and individual customers. “Integrating a digital...
By Dave Muoio 01:34 pm May 12, 2020
Lucid Lane, a Los Altos, California-based telehealth provider specializing in medication dependence and substance use disorders, has raised $4 million in seed funding. Battery Ventures led the investment. WHAT THEY DO Lucid Lane's patient-facing approach combines regular virtual coaching from licensed therapists and data-driven treatment planning. These sessions are conducted as either one-on-one...
By MobiHealthNews 02:59 pm May 8, 2020
Digital research platform Owkin scored $25 million in funding yesterday. The round was led by Bpifrance Large Venture with participation from Cathay Innovation and MACSF. The platform aims to connect doctors, researchers, scientists and other stakeholders. It uses artificial intelligence to help create data sets and distribute the information to the stakeholders. Its main product, Owkin Studio,...
By Dave Muoio 03:36 pm May 6, 2020
New York City-based home-lab-test startup LetsGetChecked said this morning that it has wrapped up an oversubscribed $71 million Series C round co-led by Illumina Ventures and HLM Venture Partners. The raise also included new backers Deerfield, CommonFund Capital and Angeles Investments, while investors Transformation Capital, Optum Ventures and Qiming Venture Partners USA returned to further fuel...
By Laura Lovett 03:32 pm May 6, 2020
Digital mental health company Limbix scored $9 million in Series A funding. The new round was led by GSR Ventures with participation from sequoia Capital, Storm Ventures, NexGen Venture Partners and BIXINK Therapeutics.  This comes roughly four months after the Palo Alto-based startup was selected as one of 27 digital health companies in MassChallenge HealthTech’s 2020 accelerator class. WHAT IT...