June 14, 2017
San Francisco-based Omada Health has raised $50 million in new funding, led by commercial partner Cigna. Civilization Ventures and Sanofi Genzyme BioVentures also contributed to the round. Omada last raised money in September 2015, when it took in $48 million. This latest round brings the company’s total funding to $127.5 million.
Along with the funding, Cigna will also expand its collaboration...
October 31, 2016
Some of the biggest challenges for digital health companies today are engagement, navigating the many stakeholders in healthcare, and the approaching but gradual advent of AI and automation, according to a panel of investors who spoke last week at Partners Connected Health Symposium in Boston, Massachusetts. The panel was moderated by Lee Shapiro, a managing partner at 7wire Ventures.
June 15, 2016
Mental health-focused telemedicine company Talkspace has raised $15 million in a funding round led by Norwest Venture Partners. Existing investors Spark Capital, Soft Bank, Metamorphic Ventures, and TheTime, also contributed.
“We’ve eliminated a lot of the barriers that prevent people from getting help in the first place by delivering therapy via messaging -- and, the biggest has been reducing...
March 1, 2016
The world of pilots is changing, according to a panel of health tech investors speaking at the Venture+ Forum at HIMSS16 in Las Vegas moderated by Norwest Ventures General Partner Casper de Clercq. De Clercq moderated a panel of investors that included Lynne Chou O’Keefe, a partner at KPCB, Dr. Lucian Iancovici, senior investment manager at Qualcomm Ventures, and Dave Schulte, managing director...
December 16, 2015
Although the activity tracking and consumer health market is growing more crowded every day, Casper de Clercq, an investor recently promoted to general partner at Norwest Venture Partners, said in the future it will be medical-focused, not consumer, wearable companies that offer the better return on investment.
Clercq has invested in consumer health companies, including Misfit and Basis, which...
November 11, 2015
Healthcare-focused secure messaging company TigerText has raised $50 million led by Norwest Venture Partners with participation from Invus Group and Accolade Partners, as well as existing investors Shasta Ventures, OrbiMed, and Reed Elsevier. This brings the company's total funding to $79.2 million.
TigerText offers a secure messaging app, available on iOS and Android devices, as well as an API...
September 16, 2015
San Francisco-based Omada Health has raised $48 million in a round led by Norwest Venture Partners with participation from existing investors US Venture Partners, Rock Health, and Andreessen Horowitz as well as new investors GE Ventures and dRx Capital. Omada also received strategic funding from two of its customers: Humana and Providence Health & Services. This brings their total funding to...
January 28, 2015
Aliso Viejo, California-based healthcare provider Crossover Health raised $15 million from Norwest Venture Partners (NVP) to enhance its patient-facing tools, which include an iPhone app, and create a population health analytics offering. Crossover focuses on providing on-site care to large employers.
The company's patient-facing app, called Crossover One, allows patients to communicate with...
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...
June 10, 2014
Venture funding for biosensing wearables, reached $282 million in 2013, five times what it was in 2011, according to a recent report and webinar from Rock Health. The report also points out that in that same period of time, funding for digital health as a whole doubled.
Although Jawbone has raised a significant amount of money, Rock Health does not include the company in its funding report...