Funding and IPOs

By Dave Muoio 12:01 pm July 9, 2020
Kindbody, a women's health startup combining virtual care with face-to-face visits, raised $32 million in Series B funding. Perceptive Advisors led the round, which also saw support from prior backers RRE, GV and Freemark Capital, as well as new investors Rock Springs Capital, Goodgrower, Claritas Capital and NFP. The startup said it would be using its new funding to expand its owned physical...
By Dave Muoio 01:04 pm July 8, 2020
Telehealth provider Doctor On Demand today announced $75 million in Series D funding. The raise was led by General Atlantic, and also included the company's prior investors. The round puts Doctor On Demand's lifetime raise in the neighborhood of $239 million. WHAT IT DOES The San Francisco-based company provides virtual care services directly to consumers as well as through arrangements with...
By Mallory Hackett 02:23 pm July 7, 2020
FraudScope, an artificial intelligence platform that detects heatlhcare fraud, waste and abuse, completed a $7 million Series A round of funding last week.  With this financing, FraudScope now has $10.5 million in total funding.  QED Investors, Brewer Lane Ventures and the GRA Venture Fund participated in the funding round, with support from existing investors Spider Capital, Mosley Ventures and...
By Laura Lovett 01:35 pm July 7, 2020
During the global pandemic, digital health has certainly turned the heads of provider organizations, but the investment numbers are, in and providers weren’t the only ones to take notice.  Six months into 2020, investors have poured a record-shattering $5.4 billion into the digital health industry, according to the latest Rock Health Report. [Last week MobiHealthNews published its biannual...
By MobiHealthNews 03:16 pm July 2, 2020
As the broader economy ping pongs between state lockdowns, unemployment reports and escalating public markets, COVID-19 still down't appear to have torpedoed investors' interests in digital health. During the second quarter of 2020, MobiHealthNews tracked 89 funding deals totaling $2.44 billion – a slight increase in volume but decline in value when compared to both Q2 2019 (81 deals, $2.45...
By Dave Muoio 02:57 pm July 1, 2020
Health data analytics company Evidation Health secured a $45 million Series D raise led by B Capital Group. New backers McKesson Ventures and Section 32 joined the round, as did prior backers Revelation Partners, Rethink Impact and SV Health Investors. The San Mateo company combines real-life patient data collected through more than 100 different sources, such as Apple Health, Fitbit, Epic and...
By Laura Lovett 03:27 pm June 30, 2020
This morning Owkin, a medical research company that uses machine learning, announced that its Series A funding round has reached $70 million. This comes after Mubadala Capital and Bpifrance entered with a late $18 million in investment. The Series A has been in the works for some time. The money has trickled in periodically. In May it announced a $25 million dollar raise. But the Series A round...
By Laura Lovett 04:20 pm June 26, 2020
Health insurtech company Oscar Health scored a whopping $225 million in Series C funding from Google’s parent company Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital and Baillie Gifford.  This comes roughly two years after the company announced a $165 million funding round led by Brian Singerman and Founders Fund.  WHAT THEY DO  The company offers direct-to-consumer health...
By Mallory Hackett 12:59 pm June 24, 2020
DispatchHealth, an in-home care provider, closed its $135.8 million Series C funding round yesterday. Optum Ventures led the financing with participation from Alta Partners, Questa Capital, Echo Health Ventures, Oak HC/FT and Humana. WHAT THEY DO DispatchHealth is like a mobile urgent care. Patients and their providers can request services by calling in by phone – or via the mobile app or website...
By Laura Lovett 12:02 pm June 24, 2020
This morning a new digital-weight-management startup out of New York City called Calibrate launched with a $5.1 million boost in seed funding led by Forerunner Ventures.  Calibrate is a one-year telemedicine program focused on weight loss that combines both prescription medications and health coaching. The end goal of the program is to help customers “reset their metabolic health.” Users are...