March 16, 2015
Last week Atlanta-based Gozio Health, which offers a patient-facing indoor wayfinding app to hospitals, raised just under $1 million in funding from a handful of angel investors, including an undisclosed "large family office", an unnamed Palo Alto-area investor, and Atlanta-based investor Rutherford Seydel.
For its indoor navigation technology, Gozio uses a combination of data from the user's...
March 11, 2015
After closing its second round of funding a few months ago, a $6 million round, San Diego-based Independa has raised a total of about $11 million over the years for its television-based, health engagement offering for seniors. The company has inked strategic partnerships with TV-maker LG and mobile device giant Samsung in recent years, and is currently signing up channel partners to drive sales...
March 4, 2015
Delafield, Wisconsin-based Elli Health raised $774,000 in a mix of equity and options for its virtual visits offering, according to an SEC filing. This brings the company's funding to at least $900,000 to date.
The company's CEO and cofounder, Jay Mason, previously founded appointment booking service MyHealthDirect, which raised $8 million last October. Mason still serves on that company's board...
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 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...
July 17, 2014
Healthcare information technology companies, including mobile and digital health companies, raised more than twice as much in total venture capital funding in the second quarter of 2014 as they did in the first, according to a new report from communications and consulting firm Mercom.
"It was a quarter of several milestones," Raj Prabhu, CEO and cofounder of Mercom Capital Group, said in a...
April 11, 2014
The first three months of 2014 have proven to be eventful. Among arguably much more important events, Apple hired a whole lot of medical sensor experts for some unknown reason – most suspect for the rumored iWatch. More NBA players started wearing health tracking devices. The Google Flu Trends debacle got some scholarly attention. Disney helped launch a tooth brushing app for kids. Facebook...
April 4, 2014
Digital health funding reached nearly $700 million in the first quarter of 2014, according to a Rock Health report that only looked at companies that raised more than $2 million. The total funding this quarter grew 87 percent compared to the first quarter of 2013.
Rock Health looked at around 68 investments for its first quarter report. California-based companies received 32 percent of the...