Investing

Stethoscope, money and a calculator.

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By  Mallory Hackett 02:46 pm April 7, 2021
Watertown, Massachusetts-based Firefly Health has closed its $40 million Series B funding round, led by Andreessen Horowitz. The health navigation and concierge platform also got backing from previous investors F-Prime Capital and Oak HC/FT. Along with the funding, the company has added a16z General Partner Julie Yoo to its board of directors, which is led by Jonathan Bush, cofounder and former...
Business people shaking hands

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By  Mallory Hackett 12:01 pm April 7, 2021
Better Therapeutics, a nutritional cognitive behavioral therapy digital therapeutics company, announced plans today to go public by merging with special purpose acquisition company Mountain Crest Acquisition Corp II. The deal is expected to close this summer, subject to stockholder approval, and will raise $113 million for the combined company. It includes a $50 million private investment in...
Healthcare funding

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By  Laura Lovett 03:12 pm April 6, 2021
Digital healthcare billing company Inbox Health scored $15 million in a Series A funding led by Commerce Ventures with participation from Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations and I2BF Global Ventures. This news comes roughly a year after the company closed its $3.5 million seed funding round. WHAT IT DOES The company is centered on...
Series B, funding, Zedsden

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By  Tammy Lovell 09:51 am April 6, 2021
UK health tech startup Zedsen has announced a $12M (£8.7M) Series B round of funding at a $110 valuation. The London-based firm makes non-invasive sensors which use key biological signals from consumers’ bloodstreams to provide personalised health insights.  Investors include Joseph R Grano, former chairperson and CEO of UBS Financial Services Inc, Nasser Kazeminy, founder of NJK Holding and...
Stethoscope, money and a calculator.

Photo by IronHeart/Getty Images

By  Mallory Hackett 12:40 pm April 5, 2021
The digital health sector just wrapped up its largest funding quarter to date, bringing in $6.7 billion during the first three months of 2021, according to Rock Health’s quarterly report. While the past year’s unprecedented acceleration of digital health is expected to continue throughout the remainder of the year, analysts will be keeping an eye out for signs of an industry slow-down. “This...
Piggy bank

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By  MobiHealthNews 02:55 pm April 2, 2021
Digital health funding continued to explode in the first quarter of 2021. In Q1 MobiHealthNews reported on a whopping 99 digital health fundings equaling $7.1 billion in venture dollars. This number trumps the $2.9 billion reported in 2020's Q1. While the number of fundings is on the rise, so is the amount as later-stage companies complete Series D and E rounds. For example, direct-to-consumer...
Nerve cells affected by Alzheimer's disease

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By  Dave Muoio 03:04 pm April 1, 2021
Those keeping an eye on the digital therapeutics industry over the last several years likely remember the name Dthera Sciences. The startup and its CEO Ed Cox became one of the developing space's many standard bearers around 2018. During that timeframe it landed a Breakthrough Device designation from the FDA for its Alzheimer's symptoms treatment, with Cox chairing a handful of industry...
Product shots of the Mantra Health app

Image courtesy of Mantra Health

By  Dave Muoio 11:11 am April 1, 2021
Mantra Health, a startup providing virtual mental healthcare services to higher education, has closed a $2 million extension to the $3.2 million in seed funding it disclosed late last year, MobiHealthNews has learned. The startup's newest backers include Canaan Partners, City Light Capital and Baleon Capital, as well as Aligned Telehealth founder Dr. Nitin Nanda as a strategic angel investor....

Photo by Adrianna Calvo, licensed under Creative Commons Zero

By  Dave Muoio 02:51 pm March 31, 2021
CirrusMD, a startup offering on-demand, text-first telehealth, has raised $20 million in a new Series C funding round that brings its lifetime funding to $46 million. Blue Venture Fund led the raise, which also saw support from 7wireVentures, Drive Capital and the Colorado Impact Fund. WHAT IT DOES CirrusMD's approach to virtual care is focused on convenient and timely communication. Offered...
Piggy bank

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By  MobiHealthNews 03:06 pm March 30, 2021
Rightway, the maker of a digital care navigation and pharmacy benefits platform, has wrapped up a $100 million Series C financing round for a unicorn valuation of $1.1 billion. Announced today, the raise was headed by Khosla Ventures and also included Thrive Capital, Tiger Global Management and other prior backers. Founded in 2017, Rightway has ballooned to supporting more than 500,000 members...