Investing

Wild Card, EIT

Credit: Wild Card programme winners

By  Sara Mageit 09:50 am February 1, 2021
EU-backed health innovators, EIT Health today announced their support for two innovator teams following their 2020 Wild Card programme, selecting Spain-based MiMARK and German-based Orbit Health. The two teams will be supported by EIT Health, which is backed by the EU as part of the European Institute of Innovation and Technology, for over two years with up to €1.5 million each. In addition to...
The round was led by Todd Cozzens and had participation from existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber.
By  Mallory Hackett 12:05 pm January 29, 2021
Digital physical therapy company SWORD Health has raised $25 million in a Series B funding round, led by Todd Cozzens, a managing partner at Transformation Capital. The round also had participation from existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber. With these funds, in addition to the $9 million it raised last year, SWORD Health has received...
Also, Racoon.World raises further €660K for its physiotherapy telemedicine platform.

Credit: Racoon.World

By  Sara Mageit 06:43 am January 29, 2021
RACCOON.WORLD RAISES FUNDING FOR PHYSIOTHERAPY TELEMEDICINE EU-based digital physiotherapy startup, Raccoon.World has raised €660K in funding from Fast Track to Innovation (FTI). The money will be spent on further R&D, scientific research and certification of the renewed product, as well as potential partners. The startups' platform, Raccoon.Recovery allows physiotherapy professionals to...
This latest funding announcement comes off the heels of a massive funding year for Lyra Health.
By  Mallory Hackett 11:47 am January 28, 2021
The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. The additional funds bring its total amount raised to more than $480 million and the company valuation to approximately $2.3 billion, according to a Lyra spokesperson. The round was led by Addition and had participation from new investors Durable Capital...
By  MobiHealthNews 02:49 pm January 27, 2021
TimelyMD, a telehealth provider targeting college and university customers, has picked up a $60 million investment from JMI equity. The company acts as an extension of a school's existing student health facilities, offering round-the-clock medical, mental health, psychiatry and health-coaching virtual visits. The company said that it has a presence on 80 campuses, and is now available to 10 times...
funding, NHS
By  Tammy Lovell 01:31 am January 27, 2021
An NHS initiative to accelerate the uptake of innovative medical devices, diagnostics and digital products is due to launch in April.  A consultation into the MedTech Funding Mandate took place in December 2019, but the launch was delayed due to COVID-19.  Under the policy, NHS England and NHS Improvement will identify medical technologies which have been assessed and recommended by NICE as being...
Calibrate
By  Laura Lovett 02:53 pm January 26, 2021
Weight management platform Calibrate announced a $22.5 million in Series A led by Threshold Ventures, with participation from Forerunner Ventures and Redesign Health. This comes roughly six months after the company launched with a $5.1 million boost in seed funding from Forerunner. WHAT IT DOES Calibrate’s goal is to help its users reset their metabolism. Users start the program by getting a...
Sidecar app on smart phone
By  Dave Muoio 09:08 am January 26, 2021
Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as prior backers Cathay Innovations and GreatPoint Ventures, also participated. This raise is a substantial jump in size from its $20 million round back in July or its $18 million raise from 2019. With...
By  Laura Lovett 03:07 pm January 25, 2021
Digital mental health startup Hurdle, previously Henry Health, scored $5 million in seed funding today for its platform that focuses on culturally competent therapy. The latest round was led by 406 Ventures and Seae Ventures, with participation from F-Prime. WHAT IT DOES The company pitches itself as a virtual mental health provider that specializes in culturally competent care. Patients can...
Hims & Hers logo
By  Dave Muoio 12:16 pm January 21, 2021
Consumer telehealth and wellness brand Hims & Hers wrapped up its merger with special purpose acquisition company (SPAC) Oaktree Acquisition Tuesday, and today began trading on the New York Stock Exchange. The deal was first announced in October, and was originally expected to close before the end of its Q4 2020. After Tuesday's approval, the deal has provided Hims with $279.5 million, $205...