Startups

Honor raises $140M to grow home-care network

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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 functions in exchange for a portion of their revenue.

Bayer paying up to $4B for gene therapy pioneer AskBio

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The deal, offering $2 billion up front and $2 billion in future milestone payments, includes a gene therapy manufacturing facility and a pipeline that includes treatments for Parkinson’s and congestive heart failure.

Augmedix goes public through reverse merger

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The company, which offers a remote scribe services, secured $25 million in private placement financing and began trading publicly on the OTC markets after a reverse merger with Malo Holdings.

Eargo goes public, raising $141.3M

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The Bay Area hearing device-maker planned to raise $141.3 million in an upsized IPO. Its stock started trading on Nasdaq under the ticker “EAR.”

Founders’ Story: Cancer Insights

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Cancer Insights co-founders, President and CEO Tarun Kumar and CIO Dr. Sharon Hensley Alford, discuss their company’s goals to transform the oncology care continuum.

Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

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What You Should Know: – Augmedix closes $25 million in private placement funding and completion of a reverse merger transaction with Malo Holdings Corp. – Following the transaction, the merged entity will be named “Augmedix, Inc.”, and will continue the historic and innovative business of… Read More »Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

GoodRx files to go public

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GoodRx, a digital health startup that helps users track prescription drug prices, filed for an IPO on Friday. The company hasn’t yet priced its shares, but plans to be listed on Nasdaq as “GDRX.”

J.P. Morgan on the state of life sciences and strategies to fuel innovation [Sponsored]

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In an interview, Peter Meath, J.P. Morgan’s co-head of Healthcare and Life Sciences, Middle Market Banking & Specialized Industries, says the Covid-19 pandemic has cast a bright light on the life sciences industry with startups raising venture funding at record levels as the virus has… Read More »J.P. Morgan on the state of life sciences and strategies to fuel innovation [Sponsored]

Kronos Bio raises $155M in private financing to advance lead leukemia drug into registration study next year

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The company has raised $148 million so far and plans to raise the remaining $7 million by next month. Its lead candidate is entospletinib, a SYK inhibitor acquired as part of a deal with Gilead Sciences last month, under development for patients with biomarker-defined acute… Read More »Kronos Bio raises $155M in private financing to advance lead leukemia drug into registration study next year

Led by Mount Sinai, Trellus Health Nabs $5M for Precision Platform for Complex Chronic Conditions

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What You Should Know: – Trellus Health secures $5M in seed funding and collaborates with Mount Sinai to deliver resilience-driven, connected care, integrating expert clinical and behavioral health for better outcomes. – The first disease Trellus will tackle is IBD, which is one of the… Read More »Led by Mount Sinai, Trellus Health Nabs $5M for Precision Platform for Complex Chronic Conditions

Uber launches prescription delivery in Seattle, Dallas

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Through a partnership with prescription delivery startup NimbleRx, Uber is offering home prescription delivery in Seattle and Dallas. The two companies plan to expand the partnership to other locations in the future.

Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform

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What You Should Know: – Brightline raises $20 million to bring its virtual behavioral healthcare platform to kids and families across California and beyond. – Brightline delivers integrated care through innovative technology, virtual behavioral health services, and a collaborative care team focused on supporting children… Read More »Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform

Castor Raises $12M to Advance COVID-19 Research Through Clinical Trial and Data Automation

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What You Should Know: – Castor raises $12M in Series A funding to further their support for COVID-19 research through clinical trial and data automation. – With 4,000 live studies and 2,000,000 enrolled patients across 90 countries, Castor will use the funding to further invest… Read More »Castor Raises $12M to Advance COVID-19 Research Through Clinical Trial and Data Automation

Bridge Connector Lands $25.5M to Expand Healthcare Integration Platform

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What You Should Know: – Bridge Connector raises $25.5 million in Series B funding to advance interoperability layer for healthcare organizations as demand for integrated health data intensifies during COVID-19 pandemic. – The investment will support the growth of Destinations, the company’s new integration-platform-as-a-service (iPaaS)… Read More »Bridge Connector Lands $25.5M to Expand Healthcare Integration Platform

Founders’ story: Pleiogenix

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Pleiogenix is a biopharma startup developing treatments for liver diseases as well as Covid-19 and non-alcoholic steatohepatitis (NASH). It recently emerged as the winner of the INVEST Pitch Perfect contest for the biopharma track.

THREAD Lands $50M for Decentralized Clinical Trial Research Platform

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What You Should Know: – THREAD receives an additional $50 million capital commitment from Water Street and JLL Partners to expand its decentralized clinical trial research platform – THREAD is an innovative technology and service provider that increases participant engagement by enabling pharmaceutical companies and contract… Read More »THREAD Lands $50M for Decentralized Clinical Trial Research Platform

Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands

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What You Should Know: – Direct-to-consumer telehealth company Thirty Madison raises $47M in Series B round from Johnson & Johnson and Polaris Partners. – Thirty Madison’s three portfolio brands — Keeps, Cove, and Evens — enables patients to easily access specialist-level care combined with the convenience of telemedicine and treatment delivery.  Thirty… Read More »Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands

Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate

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What You Should Know: – Eden Health raises $25M to give employers and commercial real estate owners and operators the ability to offer medical care on-site, near-site, and virtually. – Eden’s membership model makes high-quality healthcare an affordable benefit for the average employer, with low… Read More »Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate

Allergy Amulet Nabs $3.3M To Launch World’s Smallest, Fastest Consumer Food Allergen Sensor

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What You Should Know: – Today, Allergy Amulet announces $3.3M in seed funding to launch the world’s smallest and fastest consumer food allergen sensor and empower the allergy community by alleviating fears about what’s in their food. – Allergy Amulet’s novel technology can improve the… Read More »Allergy Amulet Nabs $3.3M To Launch World’s Smallest, Fastest Consumer Food Allergen Sensor

Why we invested in Eden Health

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Flare Capital Partner Dan Gebremedhin explains what led the venture capital firm to invest in New York-based Eden Health and lead its recent Series B round.

Primary care startup Oak Street Health goes public for $328M

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Oak Street Health, which operates primary care centers for Medicare patients, went public on Thursday for $328 million. Its capitation payment model has helped the company continue on where many clinics have struggled during the Covid-19 pandemic.

Founders’ Story: Truvian Sciences

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In a Q&A, Truvian Sciences CEO Jeff Hawkins and Dena Marrinucci, founder and SVP Corporate Development and Business Operations talk about their point-of care blood testing technology.

Digital Therapeutics Company DarioHealth Raises $28M to Expand Market Share

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What You Should Know: DarioHealth raises $28M in institutional financing intended to finance growth of their digital therapeutics B2B market share with employers, health insurance plans, and healthcare providers. The company sold 2,969,266 shares of common stock and, to certain investors in lieu thereof, pre-funded… Read More »Digital Therapeutics Company DarioHealth Raises $28M to Expand Market Share

Cohere Health Launches with $10M to Increase Transparency Across Care Journey

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What You Should Know: – Boston-based health IT start-up Cohere Health announced the official launch of its company with a $10 million Series A funding round led by Flare Capital Partners. – The company’s patient journey-focused platform improves the notoriously difficult prior authorization process and… Read More »Cohere Health Launches with $10M to Increase Transparency Across Care Journey

Alphabet spinoff CityBlock Health raises $54 million

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CityBlock Health, a company building out healthcare services for low-income communities, raised $53.5 million in a series B extension. The company plans to use the funds to expand its clinical programs and further develop its technology.

Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

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What You Should Know: – Same day pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand into new U.S. territories and accelerate its technology roadmap, transforming the way consumers get their prescriptions.  – NowRx’s competitive advantage is its proprietary pharmacy management system, which leverages AI… Read More »Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

GYANT Raises $13.6M for AI-Enabled Digital Front Door Solution to Drive Patient-Doctor Engagements

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What You Should Know: – GYANT raises $13.6M in Series A funding for AI-enabled digital front door solutions to drive meaningful patient-doctor engagement. – The investment will enable GYANT to scale up its product development to meet rapidly increasing market demand and support its exponential… Read More »GYANT Raises $13.6M for AI-Enabled Digital Front Door Solution to Drive Patient-Doctor Engagements

Oak Street Health files for IPO

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Oak Street Health, a Chicago-based company that operates primary care centers for Medicare patients, filed initial IPO paperwork on Friday. The company has not yet priced the offering, but it plans to use the proceeds to repay a loan and grow its business.