Investing

Stethoscope, money and a calculator.

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By  Mallory Hackett 02:21 pm April 22, 2021
Remote care management platform Current Health has closed a $43 million Series B financing round. Northpond Ventures led the round, along with LRVHealth, OSF HealthCare, Section 32, Elements Health Ventures and existing investors. In addition to the financing, Current Health is adding Andrea Jackson, Director at Northpond Ventures, and Tripp Peake, General Partner at LRVHealth, to its board of...
Surgeons performing an operation.

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By  Mallory Hackett 01:48 pm April 21, 2021
London-based virtual surgery platform Proximie has raised $38 million in a Series B financing round led by F-Prime Capital. Existing investors Global Ventures, BECO Capital and Cedar Mundi Ventures participated in the round along with new backers Questa Capital, Eight Roads and Maverick Ventures. WHAT THEY DO Proximie's technology-enabled platform uses augmented reality, machine learning and ...
Woman unboxing Virta Health kit

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By  Mallory Hackett 10:27 am April 20, 2021
Digital diabetes management company Virta Health scored $133 million in a Series E funding round led by Tiger Global. This financing comes on the heels of Virta’s $65 million Series D in December, which propelled it into becoming a unicorn company. With the latest cash infusion, Virta says it has doubled its valuation to $2 billion. WHAT IT DOES Virta claims it can reverse Type 2 diabetes with...
Screenshots of the Arli mobile app.

(Credit: Arli)

By  Thiru Gunasegaran 01:06 am April 20, 2021
Arli, an addiction support platform based in Sydney, has raised $1.9 million (AU$2.5 million) in seed funding; proceeds will be used for its expansion into the US early next year. The seed round was led by Folklore Ventures and venture capitalists such as Antler, AirTree Ventures and Simon Griffiths of toilet paper maker Who Gives A Crap. WHAT IT DOES Arli, which has yet to publicly launch,...
Legacy

(Photo credit: Legacy) 

By  Laura Lovett 02:41 pm April 19, 2021
Men's fertility startup Legacy has landed $10 million in a Series A funding round led by FirstMark Capital. As part of the deal, FirstMark Capital's Rick Heitzmann, who serves as the founder and managing partner, will be joining the company's Legacy Board. In February of 2020, Legacy announced a $3.5 million seed funding round. This new infusion of cash brings the Boston-based company's total...
Stethoscope, money and a calculator.

Photo by IronHeart/Getty Images

By  Mallory Hackett 02:39 pm April 19, 2021
Renovia, a digital therapeutics maker for female pelvic floor disorders, today shared the closing of its Series C-1 financing round worth $17 million. The round included previous backers including Perceptive Life Sciences, Longwood Fund, Ascension Ventures and OSF Ventures, in addition to new investor Parian Global Management. WHAT THEY DO Renovia's flagship product, leva, is an FDA-cleared...
Piggy Bank

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By  Emma Murphy 01:29 pm April 16, 2021
Less than a year after its launch, Cohere Health, maker of a care-collaboration platform, announced a $36 million Series B funding round.  Polaris Partners led this latest funding round with participation from new investors Longitude Capital and Deerfield Management. Existing investors Flare Capital Partners and Define Ventures also contributed.  Since its founding, the company has continued to...
Stethoscope, money and a calculator.

Photo by IronHeart/Getty Images

By  MobiHealthNews 03:08 pm April 15, 2021
At-home digital fitness studio Tempo has raised $220 million in its recently closed Series C funding round. SoftBank Vision Fund 2 led the round with additional participation from new investor Steadfast Capital Ventures and returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital. Tempo plans to use the money to continue enhancing its artificial intelligence and 3D...
business people in a meeting

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By  Mallory Hackett 03:02 pm April 13, 2021
Special purpose acquisition companies, or SPACs, have taken the digital health market by storm over the past year and a half. Already in 2021 there have been more completed or announced public exits by digital health companies than for the entirety of 2020. What’s more, over 80% of them have been through SPAC mergers, according to a new Rock Health report.     For those not already on the SPAC...
Piggy bank

(Photo: Kwanchai Lettanapunnyaporn/Getty Images) 

By  Laura Lovett 12:08 pm April 13, 2021
This morning, Vericred, a digital data company focused on the insurance and benefits space, announced a $23 million Series B funding round. Aquiline Technology Growth led the round with participation from Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners. The company, which was founded in...