Funding and IPOs

By Dave Muoio 03:12 pm December 1, 2020
Olive, an artificial intelligence startup aiming to lessen the burden of healthcare administration tasks, announced today that investors have added another $225.5 million to its coffers, bringing its nine-month and lifetime fundraising totals to $385 million and $448 million, respectively. Tiger Global led the latest investment, which also saw participation from returning backers General Catalyst...
By Laura Lovett 02:36 pm December 1, 2020
Digital pathology startup Proscia landed $23 million in Series B funding. The latest round was led by Scale Venture Partners with participation from Hitachi Ventures.  This comes roughly two years after the company closed its $8.5 million Series A round of funding.  WHAT THEY DO  The company’s main software platform is called Concentriq, which focuses on computational pathology. The tech uses...
uMed
By Sara Mageit 11:25 am December 1, 2020
UK-based research technology company uMed has raised £3.7 million to help healthcare providers in the UK and US, including GPs, hospitals and health specialists, run patient research more efficiently while safeguarding patient data and ensuring regulatory compliance. VC investors AlbionVC, Delin Ventures and Playfair Capital are backing uMed’s latest round of funding, along with Silicon Valley’s...
Three stacks of dollar bills
By Dave Muoio 12:31 pm November 30, 2020
Digital health funding in the final quarter of 2020 may not reach the staggering heights of the preceding quarter, but the final few weeks of raises are still projected to edge out the investments of Q4 2019, according to a report from CB Insights. WHAT'S THE IMPACT Based on equity financing reported through Nov. 17, the industry analyst's preview report pegs worldwide digital health fundings to...
Also: Perfood picks up €5 million to launch digital therapeutics and Quantum Health receives an investment from Warburg Pincus.
By Mallory Hackett 12:04 pm November 30, 2020
WithMe Health, a personalized medication guidance company, has raised $20 million in a Series B funding round that closed last week. OMERS Ventures led the round, along with participation from existing investor Oak HC/FT and new investors Section 32, Shulman Ventures and MTS Ventures. The company also brought on Michael Yang, a managing partner at OMERS Ventures, to join the WithMe Health board...
With these funds, Well Health has now raised $75 million since its founding in 2015.
By Mallory Hackett 11:50 am November 25, 2020
This week, the patient communication hub Well Health announced that it had secured a $45 million Series C funding round led by Lead Edge Capital. Additional participants in the investment round were Martin Ventures, Jackson Square Ventures, Health Velocity Capital, Summation Health Ventures, Structure Capital and Freestyle Capital. With these funds, Well Health has now raised $75 million since...
NHS, COVID-19, MediShout
By Sara Mageit 04:29 am November 24, 2020
London-based digital platform and app, MediShout has closed a £1 million seed round, led by Episode 1 Ventures. Founded by NHS surgeon, Ash Kalraiya, the app was inspired by his experience of procedure delays caused by faulty equipment or not having the right stock. The MediShout app is being used in six NHS hospitals to connect staff, equipment suppliers and service maintenance teams. WHY IT...
Navenio, location tech, NHS

Credit: Navenio platform 

By Sara Mageit 09:58 am November 23, 2020
UK healthcare scale-up Navenio, has announced a $1.1 million (€845K) investment from Future Planet Capital to help accelerate healthcare efficiency. Navenio aims to use the funds for its intelligent workforce solution, which helps to mitigate infection and cross-contamination in hospitals. Dubbed 'Uber-for-indoors' for its infrastructure-free indoor location solutions, the platform is the...
enovacom, France digital health
By Tammy Lovell 07:21 am November 20, 2020
Orange has pledged to invest in the Digital Health 2 (DH2) fund of LBO France — a major player in the private equity sector in France. The investment will be made through its Orange Digital Investment holding and will contribute to the development of innovative eHealth companies in France and Europe. The DH2 fund plans to invest €200 million in eHealth SMEs, such as QuantifiCare, Tribvn...
By MobiHealthNews 03:10 pm November 19, 2020
This morning Medable, a digital platform focused on decentralizing clinical trials for the life science industry, announced a whopping $91 million Series C funding. The new round was led by Sapphire Ventures, with participation from GSR Ventures, PPD, Inc and Streamline Ventures. In total the digital health company has raked in $136 million. The Palo Alto, California-based startup has created a...