Funding and IPOs

Credit: Homage

By Dean Koh 10:06 pm September 24, 2020
Japan-based health IT provider Infocom last week announced a strategic investment into Homage, a Singapore-based caregiving and telehealth startup, establishing a regional partnership between the two companies in the long-term and senior care sector.  In 2019, Infocom invested in the 1st Fund of HealthXCapital, a Singapore based early stage venture fund investing exclusively in healthcare...
By Mallory Hackett 12:08 pm September 24, 2020
Freeletics, an artificial intelligence-powered nutrition and fitness coaching app, announced yesterday the closing of its $25 million Series B funding round. The round was led by JAZZ Venture Partners and Causeway Media Partners, with contributions from KKCG. WHAT IT DOES Founded in 2013, Freeletics uses AI technology to coach users through digital workouts and meal plans. The Freeletics coaching...
By Dave Muoio 11:47 am September 24, 2020
Papa, a Miami-grown startup using technology to coordinate in-home senior companionship, has notched $18 million in new funding. The Series B round was led by Comcast Ventures, but also included names like Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Operator Partners and others. WHAT IT DOES Papa's platform connects college and nursing students with...
By Mallory Hackett 11:09 am September 22, 2020
Insurtech company Bright Health announced today another bout of funding, this time racking up $500 million for its Series E round. The funding round included new investors Tiger Global Management, T. Rowe Price Associates and Blackstone, as well as existing investors including NEA, Bessemer Venture Partners and Greenspring Associates. WHAT IT DOES? Bright Health got its start as a consumer-...
By Dave Muoio 02:54 pm September 21, 2020
Tonal has brought in $110 million from investors, the connected fitness company announced last week. L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media and THVC each renewed their support in the AI-powered exercise-machine service, while new backers included Delta-v Capital, the Amazon Alexa Fund, Mouse Partners and a trio of high-profile athletes – basketball players Stephen...
By Sara Mageit 04:49 am September 18, 2020
London-based startup DrDoctor has secured £3m in Series A investment from venture capital firms, Ananda Impact Ventures and 24Haymarket. The funding will be used to expand its digital services platform and increase its reach across the United Kingdom. The startup will also help partner trusts to break the backlog in care caused by COVID-19, including cancer care, which is now over 10 million...
By Tammy Lovell 01:04 am September 18, 2020
Swedish firm Joint Academy has raised $23 million in Series B funding for its clinical evidence-based digital treatment for chronic joint pain, which connects patients with licensed physical therapists. The round was led by international investment company Kinnevik and participated in by existing investors Karl-Johan Persson (H&M chairman) and Alfvén & Didrikso. To date, the company,...
By Mallory Hackett 11:28 am September 17, 2020
Amwell made its debut on the New York Stock Exchange today after announcing late Wednesday night the pricing for its upsized initial public offering of about 41.2 million shares of Class A common stock at $18 per share. The updated pricing equates in total gross proceeds of approximately $742 million, before deducting underwriting discounts and commissions and offering expenses payable by Amwell...
By Laura Lovett 02:29 pm September 15, 2020
London-based virtual care provider Medefer landed £10M ($12.8M) in a funding round led by Nickleby Capital.  WHAT IT DOES Medefer is split into three services: a healthcare provider, virtual outpatient pathway and a tech platform for doctors to conduct virtual visits. Currently the platform can deliver healthcare within the UK's NHS system.  The platform allows patients to see a Medefer GP or a...
By Dave Muoio 11:48 am September 15, 2020
Medigate, a startup focused on cybersecurity for medical devices and other connected health products, has announced $30 million in Series B funding, bringing the company's lifetime raise to $50 million. Partech led the round, which also saw participation from Maor Investments and prior backers YL Ventures, U.S. Venture Partners and Blumberg Capital. WHAT IT DOES Medigate's platform secures ...