funding

By Mallory Hackett 11:09 am September 22, 2020
Insurtech company Bright Health announced today another bout of funding, this time racking up $500 million for its Series E round. The funding round included new investors Tiger Global Management, T. Rowe Price Associates and Blackstone, as well as existing investors including NEA, Bessemer Venture Partners and Greenspring Associates. WHAT IT DOES? Bright Health got its start as a consumer-...
By Mallory Hackett 12:22 pm August 25, 2020
PatientPop, the California-based company that helps doctors grow their practice, announced today that it raised $50 million in a Series C funding round. HLM Venture Partners led the round with participation from new investors Commonfund and Vivo Capital, as well as existing investors Toba Capital, Transformation Capital, and Silicon Valley Bank. Along with the funding announcement, PatientPop...
By Mallory Hackett 12:08 pm August 24, 2020
Castor, a cloud-based clinical data platform designed to automate the research process, announced recently it closed a $12 million Series A funding round. Two Sigma Ventures led the round with participation from Hambrecht Ducera Growth Ventures and existing investor INKEF Capital. This brings Castor's total funding to over $18 million, following an earlier investment from INKEF Capital in 2018....
By Tammy Lovell 02:15 am August 4, 2020
The UCL Technology Fund (UCLTF) has announced first close of a £100 million target Fund 2, to take academic research all the way from proof of concept to commercialisation. The new fund, which is managed by AlbionVC in collaboration with UCL Business Ltd (UCLB), will support University College London (UCL) in achieving the full potential of innovations that have prospects for outstanding societal...

Neurovalens CEO and founder Jason Mckeown

By Sara Mageit 06:58 am July 22, 2020
Belfast-based health tech company, Neurovalens, has raised £5.1 million in funding led by IQ Capital. Wharton Asset Management Company, The Angel CoFund (ACF), Techstart Ventures, Clarendon Fund Managers, and the Government’s Future Fund also contributed to the funding round. The funding will be used for clinical trial research and development in the UK and abroad, as well as hiring additional...
By Tammy Lovell 01:29 am May 13, 2020
Biotech startup ViroTact has secured funding for its portable test that can detect COVID-19 within 30 seconds. Dutch venture capital firm Carduso Capital said it had “given a substantial financial injection to accelerate development and time to market.” According to the Telegraph, funding secured from Carduso and John Molina of U.S. firm Molina Healthcare is thought to value the firm at up to £10...
By Piers Ford 08:23 am May 4, 2020
EIT Health is to fund 14 health innovation projects across Europe in the latest phase of its contribution to the fight against COVID-19. The projects – which have been allocated more than €6 million between them - were selected through EIT Health’s Rapid Response initiative, which aims to fast-track the development of tools and systems that could have an immediate impact on management of the...
By Piers Ford 08:04 am April 15, 2020
The UK Space Agency has joined the effort to support the NHS response to the coronavirus pandemic with the announcement of a £2.6 million fund for the development of hi-tech solutions to some of the most pressing challenges created by the crisis. The fund is a joint initiative with the European Space Agency (ESA) and aims to fund projects that address some of the NHS’s most urgent needs including...
By Tammy Lovell 01:32 am April 1, 2020
London-based startup Air Doctor, has raised a Series A funding round of $7.8 million from Kamet Ventures – the AXA-backed venture builder – and The Phoenix Insurance Company. This latest round follows Air Doctor’s seed round of $3.1 million in July 2018. WHAT THEY DO Founded in 2016, Air Doctor connects travellers who fall sick abroad with local private physicians who are skilled at treating non-...

Left to right: Barnaby Perks, CEO of Oxford VR, and Ash Patel, Optum Ventures principal; Credit: Oxford VR

By Leontina Postelnicu 10:01 am February 12, 2020
British firm Oxford VR has secured £10 million in a Series A funding round led by Optum Ventures, with support from Luminous Ventures. Existing backers Oxford Sciences Innovation, Oxford University Innovation and GT Healthcare Capital Partners also participated. WHAT THEY DO Oxford VR, a spinout from the department of psychiatry at the University of Oxford, was founded in 2017. It builds on two...