Investing

Buddy Healthcare, BuddyCare

Credit: Shutterstock

By  Sara Mageit 09:47 am March 30, 2021
Health technology company, Buddy Healthcare has concluded a funding round of €2 million to develop its automated care coordination platform BuddyCare. This latest funding round is led by UTU Invest Oy and Swedish investment company Nidoco AB, a subsidiary of Virala Oy Ab owned by Alexander and Albert Ehrnrooth. Former shareholders such as Spartamed Oy, led by physician investor Ali Omar, also...
Cityblock Vaccination site

(Photo credit: Cityblock)

By  Laura Lovett 02:09 pm March 29, 2021
Population health startup Cityblock landed $192 million in a Series C extension funding round. This funding builds on the company's $160 million Series C round, which made the startup a member of the unicorn club, and brings the total funding to more than $500 million. Tiger Global led the round, with participation from Kinnevik AB, Maverick Ventures, General Catalyst, Wellington Management,...
A collection of one-dollar bills

(Image: "1 US Bank Note" licensed under Creative Commons Zero)

By  Dave Muoio 12:28 pm March 29, 2021
Crossover Health, a tech-boosted provider of in-person and virtual care services, has brought in $168 million in Series D funding. Announced today, the raise was led by Deerfield Management Company and brought on several new investors including Perceptive Advisors, OrbiMed Advisors, Foresite Capital, Avidity Partners, SharesPost100 Fund, Irving Investors and PFM Health Sciences. WHAT THEY DO...
Motosumo, indoor fitness

Credit: Motosumo 

By  Sara Mageit 08:09 am March 29, 2021
Copenhagen-based indoor cycling platform, Motosumo has announced the completion of a €5 million ($6m) Series A funding round led by London-based SME growth investor, Magenta Partners and existing investors. Investors in Motosumo from previous rounds include the Danish venture capital fund Promentum Equity Partners, and PreSeed Ventures. WHY IT MATTERS Motosumo’s tech allows users to join the...
A stock exchange board.

(Photo by Pixabay/Pexels)

By  Roy Chiang 10:19 pm March 25, 2021
South Korean medical AI company made its debut on KOSDAQ, a trading board of Korea Exchange, for an IPO of 37.8 billion won ($33.6 million) by issuing 1.8 million shares. WHY IT MATTERS The company had accumulated an operating deficit of 7 billion won ($6.2 million) by the third quarter of 2020, and the funds will be a much needed injection of cash. Vuno plans to invest in research and...
By  Dave Muoio 12:31 pm March 25, 2021
NeuroPace, maker of an implanted neurostimulation therapy device for uncontrolled epileptic seizures, filed SEC documents yesterday outlining plans to raise as much as $75 million in an IPO listing on the Nasdaq. The Mountain View, California-based company has been around since 1997 and has brought in a couple hundred million in funding across several rounds, according to CrunchBase. In fact, the...
Ginger

(Screenshot Ginger website) 

By  Laura Lovett 02:45 pm March 24, 2021
Digital mental health company Ginger landed $100 million in a Series E funding round led by Blackstone Growth. This round comes less than a year after the company closed a $50 million Series D round. The company offers on-demand behavioral health coaching and video therapy. It has worked with the employer market to offer virtual therapy and psychiatry sessions. The new money will go towards...
Piggy bank

(Photo by Kwanchai Lettanpunyaporn/ Getty Images) 

By  Laura Lovett 03:02 pm March 23, 2021
Million Lives Fund is looking to curb mortality rates around the world with a new $100 million health tech focused venture fund. The fund is country-agnostic and is looking to invest in companies that can tackle common problems in healthcare, either through education, remote patient monitoring, predictive care models, other clinical decision-support tools or other tech-enabled means. While...
Three screens of Ro's app-based Roman offering

Image courtesy of Ro

By  Dave Muoio 12:38 pm March 23, 2021
Direct-to-consumer virtual care and mail-order prescription startup Ro is adding to its already impressive fundraising haul with a fresh $500 million investment headed by prior backers General Catalyst, FirstMark Capital and TQ Ventures, the company announced this morning. SignalFire Torch and BoxGroup also returned to participate in the Series D round, as did new investors Altimeter, Baupost,...

(Image courtesy of Hims & Hers)

By  Dave Muoio 03:17 pm March 22, 2021
Shares of consumer-friendly telehealth and wellness company Hims & Hers took a hit late last week when the company pulled back the curtain on its first quarterly earnings since going public through a special purpose acquisition company (SPAC) merger. While the company posted 2020 revenue that beat market expectations, its roughly $16 trading price immediately dipped from about $16 to the $14...