April 27, 2021
Glytec, an insulin management software company, has received $21 million in funding from Silicon Valley Bank, Savitr Capital and other private investors.
The company collected $9 million in debt financing from SVB and $12 million in equity investments led by Savitr positions, according to its announcement.
WHAT IT DOES
Glytec’s eGlycemic Management System is centered on its FDA-cleared...
January 11, 2021
Record levels of capital were allocated and deployed to support innovative companies in the healthcare industry in 2020, according to a report by Silicon Valley Bank (SVB).
The Healthcare Investments and Exits Annual Report provides an overview of trends and data covering venture fundraising and deal flow in the life sciences sector globally.
It found that investment in Europe sky-rocketed in...
November 12, 2019
This morning Whoop, a Boston-based performance wearable company, raked in $55 million in a Series D funding round. The new money is a combination of both equity and debt. Foundry Group led the round with participation from Two Sigma Ventures, Accomplice, Thursday Ventures, Promus Ventures, Silicon Valley Bank and other individual investors.
According to the company, this latest raise brings its...
October 28, 2019
This morning Sensely, an artificial intelligence chatbot that helps users navigate insurance benefits, announced a $15 million raise. The latest funding round was led by Aflac Corporate Ventures with participation from NMC, Nippon Life Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma and Silicon Valley Bank.
WHAT THEY DO
Sensely uses avatars to help users...
October 23, 2019
While 2019 is projected to have fewer digital health deals than 2018 — the first dip in five years — the estimated amount of funding pouring into the space continues to grow year over year, according to a new report by the Silicon Valley Bank.
Last year digital health companies worldwide raised a total of $7.21 billion, according to the report. This year the projected amount is up to $7.88...
August 15, 2019
New York-based startup Nomad Health, maker of an online healthcare job marketplace, announced Thursday that it raked in $34 million through a combination of new equity and debt financing. The round was led by Icon Ventures with participation from Polaris Partners, RRE Ventures, .406 Ventures and Silicon Valley Bank.
As part of this news Tom Mawhinney, a general partner at Icon Ventures took a...
August 16, 2017
Phil, a San Francisco-based prescription refill and delivery service, has raised $10 million in a round led by Crosslink Capital. Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital also contributed to the round.
The startup partners with local pharmacies to provide a technology-powered service that delivers customers' prescriptions directly to...
January 8, 2017
Chicago-based Endotronix has added another $12 million in funding to further development on its wireless, remote cardiac monitor system. The money comes in the form a loan agreement with Silicon Valley Bank, and builds on the company’s previous funding of $32 million in July.
The financing will go towards Endotronix’s Cordella Heart Failure system, which consists of a wireless pulmonary artery...
October 5, 2016
Denver-based Welltok, the health management company that makes the CafeWell Health Optimization Platform, has raised $33.7 million in Series E funding. Additionally, the company secured a new debt facility that equips Welltok with $13 million of expanded borrowing capacity. The combined financing will be used for continued development of CafeWell, other complementary digital healthcare service...
September 21, 2016
Artificial intelligence and big data are shaping up to have the biggest impact on the healthcare industry, and most of that money will be coming from venture capital funds, according to a new survey of digital health executives and investors.
Silicon Valley Bank surveyed 122 founders, executives and investors in health technology, asking about the biggest opportunities and threats for the...