Flagship Pioneering’s Senda Bio secures $123M for new ‘programmable medicines’
Biotech startup Senda Biosciences is developing technology that yields a new type of medicine with two programming components: one directs the therapy to go to […]
funding
Why Socially Determined Wants to Further Involve Home-Based Care Companies in ‘Information Gathering’
The core of Socially Determined’s mission is figuring out what influences the decisions people make about their health care. Trenor Williams, the company’s CEO, has […]
Despite Economic Uncertainty, Optimism Persists Among Startups in Home-Based Care
Several digital health darlings that have raised tens of millions of dollars over the past few years are now scrambling to survive. Those focused on […]
Digital therapeutics gaining traction in the market
Digital health funding has grown exponentially over the last few years and fuelled significant investment. Payers, healthcare professionals (HCPs) and patients recognise the positive impact […]
The time is right: Another shot to end cancer as we know it
Government-funded initiatives such as the Cancer Moonshot support not only the primary science that often serves as a foundation for medical advances, but also ensure […]
Ceryx Medical CEO said its technology could potentially cure heart failure, startup gets funding for first human trials
Ceryx’s device, Cysoni, is designed to pace the heart in rhythm with a person’s respiration, so that the heart rate and breathing are synced. This […]
Startup Ansa Bio lands $68M to go long with enzymes approach to DNA synthesis
The DNA currently used in genetic medicines research is synthesized by chemical methods. Ansa Biotechnologies employs faster and less expensive enzymes-based technology, and the startup […]
Princeton spinout ArrePath gets $20M to combine AI, imaging in antibiotics R&D
Anti-infective drug discovery startup ArrePath has launched with $20 million in seed funding to advance the development of molecules that use a dual mechanism to […]
New unicorn on the block: Somatus hauls in $325M+ to grow its value-based kidney care model
The funding round was led by Wellington Management. The company sees its approach as a break from the industry’s “disproportionate” focus on dialysis, which is […]
HerMD raises $10M to expand women’s sexual health, menopause services
The company currently operates two centers, one in Cincinnati and the other in Crescent Springs, Kentucky. The Series A funding round led by JAZZ Venture […]
Digital health firm Bia Care extends NHS menopause partnership
Digital health startup Bia Care has been awarded additional funding from the NHS to extend the rollout of its virtual clinic providing remote care for […]
Memora Health brings in $40M to grow its platform, expand partnerships
Transformation Capital led the Series B funding round with participation from Andreessen Horowitz, Frist Cressey Ventures, Edward Elmhurst Health, AlleyCorp. The new financing enables Memora […]
Ada Health pulls in another $30M to expand in the U.S., internationally
Ada Health closed its Series B round after a $30 million extension round. International investors Farallon Capital, Red River West and Bertelsmann Investments provided the […]
Expressable raises $15M to expand access to virtual speech therapy in the home
The Series A financing round was led by F-Prime Capital, with existing investors Lerer Hippeau, NextView Ventures and Amplifyher Ventures also participating. The money will […]
Pandemic proves the mother of health innovation as startups raise $9B in NYC
Funding for 2021 was up 150% from the previous record of $3.6 billion raised in 2020, according to the 2022 New York Healthcare Innovation Report. […]
Wheel raises $150M in quest to move beyond “telehealth 101” to virtual-first care
The new infusion brings Wheel’s total funding to $216 million at a time when more companies understand the need to have an on-demand consumer/patient-facing telemedicine […]
H1 scores $100M to build out clinician network
The company, which pulls together information on clinicians and researchers, recently closed a funding round led by Altimeter Capital. It plans to use the funds […]
AppliedVR raises $36M, pursues FDA clearance of first digital therapeutic
The company is developing a digital therapeutic using VR to manage chronic lower back pain. It recently submitted an application for de novo clearance to […]
Lark Health nabs $100M to pour into AI health coaching platform
The company, which offers an AI platform that provides personalized health coaching for chronic disease patients, will use the new funds to invest in research […]
Devoted Health raises $1.1B, sending valuation soaring past $12B
Though the Medicare Advantage-focused insurance technology startup is smaller than rivals like Clover Health in terms of membership and revenues, this latest financing round places […]
Brave Care nabs $25M to roll out pediatric clinics supported by tech platform
Brave Care leverages its technology and data platform to provide primary and urgent care for children. It provides care remotely and through its five brick-and-mortar […]
NHSX backs 14 digital health projects after funding round
NHSX, the government agency tasked with digitally transforming NHS England, has granted funding to 14 projects in its first digital health award competition. The Digital […]
Cerner joins $135M funding round for Elligo Health Research
Elligo Health Research uses EHR data, technology and services to expand patient access to clinical trials. It will use the new funds to further invest […]
Telehealth platform provider eVisit raises $45M
The company, which helps health systems operate virtual care programs through its platform, will use the new funds to scale its go-to-market efforts, invest in […]
With $100M in new funding, Tia CEO says the ‘tide has turned’ for investing in women’s health
Tia, a concierge clinic combining primary care and OBGYN services, recently raised $100 million in funding. Amid a surge of financing into women’s health startups, […]
Babyscripts raises $12M, plans to expand to all 50 states
The maternal care startup is backed by major health systems including MemorialCare Health System, whose innovation arm led the most recent funding round. Babyscripts offers […]
DotCom Therapy snags $13M to expand pediatric teletherapy services
The company, which partners with health systems and schools to provide virtual therapy services for kids, will use the Series A funds to expand. The […]
UK pledges £5.4bn to NHS to ease COVID-19 treatment backlog
NHS England will get an extra £5.4 billion ($7.5 billion) in funding over the next six months to respond to COVID-19 and address a backlog […]
Antidote Health nabs $12M in seed round to grow AI-driven virtual HMO
The company offers clinical triage via an artificial intelligence-powered chatbot and unlimited virtual visits through a majority of its plans. Inspired by the Israeli healthcare […]
Maven Clinic raises $110M, achieves unicorn status
The company, which provides telemedicine and digital programs focused on maternal health, will use the funds raised to expand its services to new populations, including […]
PharmaShots Interview: Kaia Health’s Konstantin Mehl Shares Insight on the Funding to Transform the Treatment for MSK and COPD
In an interview with PharmaShots, Konstantin Mehl, President, CEO, and Founder at Kaia Health shared his views on the grant of $75M Series C funding […]
Clinical trial software company Reify hits $2.2B valuation
Reify, which makes software for clinical trial recruitment and decentralized clinical trials, raised $220 million in a funding round led by Coatue Management.
Cadence launches with $41M, strikes partnership with LifePoint Health
The company offers a remote patient monitoring platform that enables clinicians to not only monitor patients at home but also provide personalized feedback via texts […]
Report: Telehealth funding hits record high of $5B
In the second quarter of 2021, the top five deals alone were worth $1.6 billion, representing 30% of the total funding raised. In addition, six […]
Research institute green-lights $254M for 28 studies
The Patient-Centered Outcomes Research Institute has awarded the funds to studies that span a range of healthcare issues, including maternal care, suicide prevention and clinical […]
Veda snags $45M to scale AI data processing platform for payers
The company’s data processing platform can help payers comply with the law banning surprise billing, which requires insurers to process all provider directory updates in […]
Sema4 goes public via SPAC merger
With a goal of making precision medicine the standard of care at health systems, Sema4 struck a nearly $800 million deal with CM Life Sciences […]
Carbon Health raises $350M to further expansion plans
After more than doubling its patient volumes during the pandemic, Carbon Health raised funding to further its growth plans. The company said it plans to […]
OM1 gains $85M to expand clinical data networks, AI models
Led by Kaiser Permanente, the Series D financing round will enable OM1 to expand its data networks into chronic disease areas, including rheumatology and behavioral […]
Provider-led data company Truveta raises $95M, adds 3 new health system members
Launched by 14 health systems in February, the data analytics company building a repository of de-identified data will use the funds to develop its platform […]
Digital health companies smash another funding record, raising $14.7B this year
Digital health funding broke records again as companies raised a total of $14.7 billion in the first half of the year. Several companies also went […]
Jefferson Health-backed Tendo Systems gains $50M to digitize patient journey
Tendo Systems, a company that is co-developing a digital engagement platform with provider organizations like Jefferson Health, raised $50 million in a new funding round. […]
Check out video highlights of INVEST Precision Medicine conference from pediatrics to funding trends
The INVEST Precision Medicine conference cast a spotlight on the role of children’s hospitals, biopharma companies, diagnostic companies and startups in biopharma innovation. The video […]
White House pledges $3 billion war chest for COVID antivirals
The Biden Administration has said it will allocate $3 billion of its pandemic rescue plan to the development of a new generation of antiviral therapies […]
For startups, benefits of non-dilutive funding extend far beyond cash
Panelists at MedCity INVEST Precision Medicine said startups can gain valuable expertise and experience through the process of seeking out non-dilutive funding.
Report: Medicare Advantage startup AllyAlign Health nabs $300M
AllyAlign Health, which offers health plans for seniors like Medicare Advantage and institutional special needs plans, has raised $300 million in funding. It will use […]
Direct-to-consumer startup Thirty Madison targets a new customer: health plans
The startup, which currently has four direct-to-consumer brands, recently passed a $1 billion valuation. It plans to use the funds to market its services to […]
HHS to create new tech fund through first VC partnership
HHS is partnering with nonprofit Global Health Investment Corporation to launch a health security fund. The fund will be used to invest in technologies that […]
Cybersecurity solutions provider Cynerio nabs $30M in new funding
Cynerio, a provider of cybersecurity and asset management solutions, raised $30 million in a Series B funding round. The company will use the capital to […]
Health tech company DrFirst nabs $50M to grow product suite
DrFirst, which provides an array of services including telehealth and e-prescribing, received a $50 million equity investment from Sixth Street Growth. The company plans to […]
Digital health startups saw better-than-expected revenue during the pandemic
According to a survey conducted by Catalyst @ Health 2.0, a whopping 41% of digital health companies said their revenue was above expectations last year. […]
Online pharmacy startup Capsule passes $1B valuation
Capsule, an online pharmacy startup that offers same-day prescription delivery, raised $300 million in funding. It plans to use the funds to build out an […]
Keto-based digital diabetes program nets $133M
Virta Health, a digital health startup with an app-based coaching program for type 2 diabetes, raised $133 million led by Tiger Global. Unlike other digital health […]
Current Health nabs $43M to scale remote patient monitoring solution
The company is planning to use the newly raised funds to scale its remote patient monitoring solution, which integrates data from wearables and patient-reported symptoms […]
Healthcare companies raise record-breaking $31.6B in first quarter
Healthcare companies had another record-breaking quarter, according to CBInsights. They raised a total of $31.6 billion in the first quarter, including big investments in telehealth […]
Tech-enabled payer Brella Insurance snags $15M
The health insurance technology company has raised $15 million in a Series A funding round. It will use the funds to expand access to its […]
With $44M and Microsoft R&D alliance, Volastra takes aim at metastatic cancers
Volastra Therapeutics is developing drugs for cancer metastasis, the cause of the vast majority of cancer deaths. The startup has $44 million in funding and […]
Digital health companies raised $6.7B, breaking a record for Q1
Digital health startups raised a record-breaking $6.7 billion in the first quarter of 2021. Large funding rounds propelled them past previous months.
Chat-based telehealth provider CirrusMD snags $20M
The Denver-based company provides a platform through which patients can text, send images to and have video calls with physicians. The new funds will be […]
Novo Holding launches latest call for antibiotic investment proposals
With the focus on COVID-19 over the last year it’s easy to forget another deadly pandemic caused by antimicrobial resistance (AMR), which could lead to […]
Advocate Aurora’s new investment arm to focus on aging, parenthood, wellbeing
Advocate Aurora Health has launched a subsidiary focused on making investments in companies that enhance health and wellbeing. The subsidiary has already made its first […]
Direct-to-consumer health startup Ro raises $500M
Ro, a direct-to-consumer health startup, recently raised a $500 million funding round. It plans to use the funds to expand into at-home diagnostics and care.
Providence’s newest digital health spinout snags $20M
A new digital health company — spun out from Providence’s Digital Innovation Group — has raised $20 million in its first funding round. The company […]
Clarify Health to use $115M in new funds to scale business
The healthcare analytics company will use the funds, raised in a Series C financing round, to scale its cloud-based platform that offers providers, payers and […]
Cedar snags $200M in new funds, boosting valuation to $3.2B
Cedar, a healthcare finance technology company, saw its valuation jump to $3.2 billion after raising $200 million in a Series D funding round. It plans […]
Innovaccer gains unicorn status, plans to launch cloud platform
The health technology company’s valuation skyrocketed to $1.3 billion following its latest funding round. It plans to use the new funds to launch Innovaccer Health […]
Aledade snags $100M to grow Medicare Advantage partnerships, invest in tech
The company partners with independent practices, health centers and clinics to establish primary care-focused accountable care organizations.
Some much-needed help: HHS doles out $22B for testing, vaccines
States will get some much needed support to roll out a coronavirus vaccine. Last week, the Department of Health and Human Services shared it would […]
23andMe closes out 2020 with $82.5M in funding
DNA testing company 23andMe raised $82.5 million in funding, according to a recent filing. Earlier this year, decreased sales of tests kits led to cuts […]
Diameter Health gains $18M in new funding
With the new funds, the health data optimization and interoperability company will invest in product development. The latest funding round was led by Centene Corp.
LeanTaaS to use $130M to expand predictive analytics product suite, scale teams
The health technology company raised a whopping $130 million in a Series D funding round. Its solutions aim to improve operational efficiency and better manage […]
Minervax raises €47.4m in Series B funding round for GBS shot
Denmark’s MinervaX has raised €47.4 million (around $56 million) in a Series B funding round to take its novel group B streptococcus (GBS) vaccine into […]
Elation Health lands $40M in new funding round
The technology provider for independent primary care practices plans to use the new funds to further invest in its core platform and add new solutions, […]
Pear Therapeutics raises $80M in push for reimbursement
SoftBank’s second Vision Fund led the recent funding round. Pear plans to use it to accelerate reimbursement coverage for its three FDA-cleared products.
Demand for at-home testing propels Everlywell to $175M in new funding
The Austin-based startup has distributed more than 500,000 Covid-19 test kits to date, and expects total sales to quadruple by the end of the year.
Sinovac raises $515m to boost production of potential COVID-19 vaccine
China’s Sinovac has raised $515 million to increase its distribution and production capacity as clinical development of its potential coronavirus vaccine nears conclusion. According to […]
Swiss start-up Noema raises $59m to develop neurology drugs offloaded by Roche
Swiss biotech Noema has raised 54 million Swiss francs ($59m) to develop four neurological disorder drugs licensed in from Roche. The company is developing four […]
Healthcare process automation startup Olive AI lands $1.5B valuation
Olive AI, a startup automating routine administrative tasks for health systems, raised another $225 million in funding, bringing the total raised this year to $385 […]
WELL Health raises $45M, taps former Haven exec as new senior VP
The company, a facilitator of patient-clinician communication, plans to use the funds to bring new features and capabilities to market, as well as build strategic […]
Black women founders more likely to bootstrap digital health companies
A recent report by Rock Health found that Black and female founders of digital health companies received less funding and were more likely to bootstrap […]
Carbon Health raises $100M to expand its network of clinics
Carbon Health, which more than tripled its footprint in the last year, plans to further grow its network of primary care and urgent care clinics […]
Lark Health raises $70M
Lark Health, which offers AI-powered digital care platforms for chronic diseases, has raised $70 million in new funds, which it plans to use to expand […]
Sidekick Health raises $20m to fund digital therapeutics expansion
Gamified digital therapeutics firm Sidekick Health has raised $20 million in a Series A funding round, which it plans to use to develop its product […]
Honor raises $140M to grow home-care network
Honor, a San Francisco-based startup that strikes partnerships with home care companies, raised $140 million in a series D round. The company helps manage back-office […]
SparingVision raises €44.5m for retinitis pigmentosa gene therapy
French biotech SparingVision has raised 44.5 million euros ($52.7 million) to develop its gene therapy for a rare ocular disease. The round was led by […]
Carrot Fertility plans expansion with $24M in new funding
Carrot Fertility, a startup that provides employee fertility benefits, raised $24 million in a series B round. The company plans to use the funds to […]
At-home care startup Heal plans expansion with $100M investment from Humana
In-home primary care startup Heal raised $100 million in funding, led by Humana. Heal plans to use the funds to expand into new markets and […]
With $200M in new funding, Ro looks to become patients’ first point of contact
Ro, a startup offering patients mail-order prescriptions and telehealth appointments, raised $200 million in funding. The company started three years ago with men’s health and […]
Insights+ Interview: Paige’s CEO, Leo Grady Shares Insights on its Series B Funding and the FDA’s 510(k) Clearance for FullFocus Viewer
Paige is a global digital pathology founded in 2017 by Thomas Fuchs, Dr. Sc., and colleagues from Memorial Sloan Kettering Cancer Center. The company involves […]
Digital health funding hits another high mark for 2020
Digital health companies once again set a record for funding in 2020, according to a report by Rock Health. They raised a total of $5.4 […]
