Funding and IPOs

By MobiHealthNews 03:31 pm April 3, 2020
Coronavirus may have thrust the markets into a tailspin, but the impact of that economic uncertainty doesn't seem to have hit the digital health startup quite yet. During the first quarter of this year, MobiHealthNews tracked 82 funding deals totaling $2.9 billion — a staggering jump over the 49 deals and $1.4 billion collective raise of Q1 2019. It also had a small handful of late-stage, big-...
By Laura Lovett 02:18 pm April 2, 2020
Heart Health Intelligence scored $2.2 million in seed funding to develop its connected toilet seat aimed at collecting cardiac data points. This new infusion of cash was led by Bemis Manufacturing Company, with participation from LaunchNY, RIT Venture Fund, Tech Coast Angels, Excell Partners and Impact Capital of New York. Bemis Manufacturing will be teaming up with the startup to produce the...
By Laura Lovett 03:54 pm April 1, 2020
This morning, digital medical payment company PatientPay scored $6.15 million in a growth funding round led by Mosaik Partners.  This comes roughly two years after the North Carolinian startup closed a $6 million round led by Teaghlach Family Office to expand its patient billing platform. WHAT THEY DO  The company focuses on billing services regarding acute, ambulatory and specialty care. The...
By Dave Muoio 03:01 pm March 31, 2020
Olive, an artificial intelligence company tackling healthcare administration tasks, has closed $51 million in a funding round led by General Catalyst. Also participating in the raise were the company's existing backers Drive Capital, Oak HC/FT, Ascension Ventures and other unnamed investors. WHAT THEY DO Olive's "AI Workforce" is designed to automate a selection of tedious, high-volume...
By Laura Lovett 12:59 pm March 31, 2020
This morning specialist eConsult platform AristaMD raised $18 million in its Series B funding. Cigna Ventures and MemorialCare Innovation Fund (MCIF) led the round with participation from Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care.  WHAT THEY DO  The startup focuses on giving primary care providers virtual consultations with specialists. PCPs can tap into clinical...

Credit: Doctor Anywhere

By Dean Koh 12:02 am March 31, 2020
Singapore-headquartered telehealth startup Doctor Anywhere today announced it has secured a $27 million Series B financing round led by Square Peg – the largest venture capital fund in Australia, Singapore Government investment arm – EDBI, and IHH Healthcare, a leading international healthcare provider. Other participants in this round of funding are Pavilion Capital and existing shareholder...
By Laura Lovett 01:43 pm March 30, 2020
Last week operating room communication startup RelayOne announced a $1 million raise from Cofounders Capital.  This news comes less than a year after the company scored $500,000 in seed funding, also from Cofounders Capital, bringing the total funding pot to $1.5 million.  WHAT THEY DO  The North Carolina-based startup has developed a software that lets surgeons and healthcare providers...
By Laura Lovett 04:10 pm March 26, 2020
Yesterday morning ClinOne, a digital platform that helps researchers manage clinical trials, landed $3.6 million in Series A funding. The infusion of cash was led by CU Healthcare Innovation Fund. WHAT THEY DO The platform works with pharma companies, research groups, and clinical trial sites in order to recruit appropriate patients for their trial. Researchers can use the platform to manage ...
By Dave Muoio 01:37 pm March 25, 2020
tDiligent Robotics, the maker of an autonomous robot helper for use in the hospital, has brought in a $10 million Series A round. DNX Ventures headlined the raise, and will see Q. Motiwala, a partner, joining the Diligent Robotics board. True Ventures, Ubiquity Ventures, Next Coast Ventures, E14 Fund, Promus Ventures and Grit Ventures also participated in the fundraise. WHAT THEY DO While...
By Laura Lovett 01:33 pm March 24, 2020
Cuff-less blood pressure monitor company Aktiia scored $6.1 million (CHF 6 million Swiss francs) in its second funding round. Redalpline led the funding round with participation from Translink Capital, Investiere, Libra, Christian Wenger, Spark Street Capital and Barbaric Holdings. The Swiss company previously raised $4.1 million (CHF 4 million) in a 2018 seed round. WHAT IT DOES The company has...