February 15, 2021
Facebook could soon be throwing its hat into the health and wellness wearables space. According to a Feb. 12 report from The Information citing four anonymous sources, the tech company has been working on a smartwatch that would include health and wellness and other features for consumers.
The Android-based device is said to include a cellular connection so that it can be used independent of a...
February 11, 2021
San Francisco-based mental health and wellness platform Modern Health has kept its foot on the gas throughout the COVID-19 pandemic. Today it announced a $74 million Series D funding round just a few months after a $51 million Series C closed in October and formally announced in December.
The new investments peg Modern Health's lifetime funding to more than $170 million, the company said, and its...
February 4, 2021
Google Health has announced a new wellness feature coming to its Google Fit mobile app that uses machine learning to give users heart rate and respiratory rate readings without the need for any hardware other than their smartphone's camera.
The two tools are slated to launch for all Pixel devices in the next month, and will come to additional Android devices running version 6 within the months to...
January 25, 2021
Apple has fleshed out its recently launched Fitness+ subscription offering with celebrity-driven audio content that encourages Apple Watch owners to take their device for regular strolls.
Called "Time to Walk," the new feature downloads weekly episodes that range from 25 to 40 minutes in length and play through paired Bluetooth headphones.
These sessions feature musicians, athletes and other...
January 21, 2021
Consumer telehealth and wellness brand Hims & Hers wrapped up its merger with special purpose acquisition company (SPAC) Oaktree Acquisition Tuesday, and today began trading on the New York Stock Exchange.
The deal was first announced in October, and was originally expected to close before the end of its Q4 2020. After Tuesday's approval, the deal has provided Hims with $279.5 million, $205...
January 14, 2021
With a new coronavirus variant afoot and an uncertain 12 months ahead, MobiHealthNews has compiled 2021 predictions on the key themes that will affect the digital health industry during a potentially turbulent year. We hear from a range of EMEA-based health and tech leaders on the continued efforts to close the health equity gap, the growth of self-care apps, VR technology, employer technology...
December 15, 2020
Modern Health, maker of a mental health and wellness platform for employer customers, has uncorked a $51 million Series C funding round headed by Battery Ventures. The raise also included prior investors Kleiner Perkins, Founders Fund, 01 Advisors, Afore Capital and Okta cofounder Frederic Kerrest, as well as new backer Felicis Ventures.
This raise – which lands less than a year after Modern's $...
November 5, 2020
Koa Health, a digital mental health company spun out of global telecoms company Telefonica, and previously known as Alpha Health, has raised $16.5 million (€14.1) in Series A funding, led by Ancora Finance Group and Wellington Partners. The raise coincides with Koa's launch as an independent company, with Telefonica remaining as a shareholder, customer and partner.
WHAT IT DOES
Koa Health offers...
October 6, 2020
ICON Health & Fitness, the parent company of consumer connected fitness equipment brands like NordicTrack, Freemotion and iFit, has raised a $200 million growth investment. The company said that the funding was led by L Catterton, with participation from prior backer Pamplona Capital Management.
WHAT IT DOES
Founded in 1977 as an import business, Utah-based ICON first stepped into the home...
October 1, 2020
Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree Acquisition Corp.
The reverse merger is expected to close in the fourth quarter of 2020, and places the combined entity at a roughly $1.6 billion...