Startups

Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers

  • by

What You Should Know: – Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a… Read More »Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers

Better Therapeutics plans to go public through SPAC merger 

  • by

Digital health startup Better Therapeutics plans to go public through a SPAC merger that would value it at $187 million. The company is currently running a pivotal study to see if its app-based program could be used as a treatment for type 2 diabetes. 

A preview of the INVEST Precision Medicine conference June 9-11

  • by

The conference highlights the intersections of technology and life sciences through the prism of precision medicine. The topics at the conference span pediatric innovation in precision medicine, how tech companies are addressing clinical trial challenges, supply chain management, and more.

Mental health startup Ginger raises $100M 

  • by

Ginger, a startup that connects users with mental health coaches and therapists, raised $100 million in funding. The company is shifting to a risk-based model as it expands.

Providence’s newest digital health spinout snags $20M

  • by

A new digital health company — spun out from Providence’s Digital Innovation Group — has raised $20 million in its first funding round. The company offers a platform that aims to help providers coordinate and manage digital care services.

Alignment Healthcare aims to raise up to $516M in IPO

  • by

Alignment Healthcare, an insurtech startup, has launched its IPO and plans to price its individual shares between $17 and $19. The company offers Medicare Advantage plans and says it uses predictive analytics technology to pinpoint seniors’ care needs.

Health analytics startup Komodo passes $3.3B valuation

  • by

Komodo, a data analytics startup building out information on patient encounters and outcomes, raised $220 million in funding. It plans to use the funds to build out its platform and further integrate it in users’ workflows.

Komodo Health Secures $220M for Life Sciences Data Platform at $3.3B Valuation

  • by

What You Should Know: – Komodo Health announces $220M Series E investment to advance its enterprise healthcare and life sciences platform. At a $3.3 billion valuation, the investment underscores the company’s rapidly growing role as a foundational enterprise technology platform helping to drive digital transformation across the healthcare… Read More »Komodo Health Secures $220M for Life Sciences Data Platform at $3.3B Valuation

Stroke detection startup Viz.ai raises $71M

  • by

Viz.AI, a San Francisco-based care coordination startup, raised $71 million in series C funding. The company plans to use the funds to build out its platform beyond coordinating care for stroke.

SEC charges uBiome co-founders with $60M securities fraud

  • by

The agency charged the co-founders of the failed fecal microbiome startup with defrauding investors. The SEC is seeking a court order that would bar uBiome’s co-founders from serving as officers or directors, and require them to give up any ill-gotten gains. 

Grand Rounds strikes merger with Doctor on Demand

  • by

In another big tie-up between a telehealth and digital health company, Grand Rounds and Doctor on Demand reached a merger agreement. Grand Rounds CEO Owen Tripp will serve as CEO of the combined business.

Unite Us Nabs $150M, Reaching $1.6B Valuation to Address Social Determinants of Health

  • by

What You Should Know: –   Unite Us, the tech company creating coordinated care networks nationwide, has just announced a $150M Series C round of funding led by ICONIQ Capital, bringing its valuation at $1.65 billion.   – Unite Us is leading the care transformation movement towards whole-person health… Read More »Unite Us Nabs $150M, Reaching $1.6B Valuation to Address Social Determinants of Health

Care coordination startup Unite Us raises $150M

  • by

Unite Us, a New York-based technology company that makes coordination of care software, passed a $1.6 billion valuation. It build networks with local providers and works to connect members with community resources.

Four takeaways from Alignment’s IPO filing

  • by

Insurance startup Alignment Healthcare filed preliminary paperwork with the Securities and Exchange Commission to go public. It’s another healthcare startup that is banking on the value of its technology in an IPO.

Top digital health exec’s advice to startups: Once you think you “know” you’ve lost the game

  • by

After Livongo sold to Teladoc last year, the company’s former president, Dr. Jennifer Schneider, is starting a new chapter on Cityblock’s board of directors. In an interview with MedCity News, she shared more about why she joined Cityblock and lessons learned during her time at… Read More »Top digital health exec’s advice to startups: Once you think you “know” you’ve lost the game

 FDA OKs another over-the-counter Covid-19 test

  • by

As the Biden Administration pushes to offer more over-the-counter Covid-19 tests, the Food and Drug Administration authorized the first molecular Covid-19 test for over-the counter use. The test was developed by San Diego-based startup Cue Health.

bene : studio Launches HealthTech Product Accelerator Starting April 1st

  • by

What You Should Know: – bene : studio, a San Francisco, CA-based global digital product consultancy, announced its non-equity, online HealthTech Product Accelerator, starting on April 1st. The accelerator will focus exclusively on the enhancement of the participating companies’ design and technology. – This accelerator… Read More »bene : studio Launches HealthTech Product Accelerator Starting April 1st

More healthcare startups go public through SPACs — but will they succeed?

  • by

More healthcare startups are choosing to go public through mergers with special-purpose acquisition companies— publicly-traded shell companies created with the purpose of taking a private company public. But as more SPACs search for targets, and company valuations grow, will the SPAC bubble burst?

Innovaccer gains unicorn status, plans to launch cloud platform

  • by

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 Cloud, which will aggregate and normalize data from different systems and support the development of interoperable apps.

Oscar Health looks to raise $1B in IPO

  • by

Insurance startup Oscar Health plans to price its IPO between $32 and $34 per share.  The New York-based startup plans to trade on the New York Stock Exchange under the ticker “OSCR.”

Dexcom launches first VC fund

  • by

Dexcom launched its first venture fund. The company, which makes continuous glucose monitors, plans to invest in glucose sensing technologies and metabolic monitoring.

FlipMD creates physician consultant hub

  • by

Husband and wife entrepreneurs Gregory and Lauren Hanson talk about their healthcare startup and how they want to help connect companies in search of medical expertise with physicians to advise them.

UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care

  • by

What You Should Know: – UPMC spinout company Astrata launches a natural language processing (NLP) technology platform that allows health insurers to more efficiently analyze unstructured clinical data. UPMC Enterprises, the innovation and commercialization arm of UPMC has incubated and launched Astrata, a digital healthcare… Read More »UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care

Short seller targets insurance startup Clover in scathing report

  • by

After a scathing report from short-seller Hindenburg claiming that Clover faced a False Claims Act investigation, the insurance startup’s stock plummeted. Clover went public last month after merging with a special-purpose acquisition company under billionaire investor Chamath Palihapitiya.  

Carlyle Group, Brighton Park Capital Invest $200M in Indian Health Tech Provider Indegene to Fuel Global Expansion

  • by

What You Should Know: – The Carlyle Group and Brighton Park Capital invests $200M in Bangalore, India-based Indegene to accelerate company’s global expansion and consolidate its industry-leading position in healthtech solutions. – Founded in 1998 by five first-generation entrepreneurs, Indegene has emerged as the leading… Read More »Carlyle Group, Brighton Park Capital Invest $200M in Indian Health Tech Provider Indegene to Fuel Global Expansion

Startup banks on immune-system memory to tackle cancer

  • by

Loki Therapeutics is advancing research that leverages the immune system’s ability to recall childhood vaccinations and direct it against cancer. The company’s lead therapy candidate could enter phase 1 clinical trials this year.

What is the MedCity INVEST Pitch Perfect experience like?

  • by

The INVEST Pitch Perfect contest is part of our INVEST conference April 19-23, which will be hosted online due to Covid-19, and includes five tracks for startups: biopharma, medical devices, diagnostics, health IT and health services. Read more on how to apply.

Founders of molecular diagnostics company ChromaCode share ambitions for their business

  • by

ChromaCode’s founders seek to break the paradigm of limited access to the most powerful diagnostic tools by deploying inexpensive reagent kits and software using traditional PCR detection systems so physicians can initiate testing using the most informative diagnostics without having to worry about access or… Read More »Founders of molecular diagnostics company ChromaCode share ambitions for their business

Study: Biotech no riskier for investors

  • by

Despite lower sales, lack of profits and heavy R&D spending, biotech companies that went public between 1997 and 2016 reached similar market caps as non-biotech companies, according to an academic study.

NeuroFlow Secures $20M for Tech-Enabled Behavioral Health Integration Platform

  • by

What You Should Know: – NeuroFlow raises $20M to expand its technology-enabled behavioral health integration platform, led by Magellan Health. – NeuroFlow’s suite of HIPAA-compliant, cloud-based tools simplify remote patient monitoring, enable risk stratification, and facilitate collaborative care. With NeuroFlow, health care organizations can finally… Read More »NeuroFlow Secures $20M for Tech-Enabled Behavioral Health Integration Platform

Health-tech funding breaks another record in 2020

  • by

Healthcare technology companies raised a record of $15.3 billion in 2020, according to a report from Silicon Valley Bank. For the first time, digital health companies surpassed biopharma for the number of deals.  

23andMe closes out 2020 with $82.5M in funding

  • by

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 at the company and its competitors.

Oscar Raises $140M, Babylon Health, Modern Health, Diameter Health, Curai Health, Others Recent Digital Health Funding

  • by

Oscar Raises $140, Confidentiality Files for IPO Oscar, the first health insurance company built on a full stack technology platform raises $140M in funding led by Tiger Global Management, LLC, with participation from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent. On 12/21,… Read More »Oscar Raises $140M, Babylon Health, Modern Health, Diameter Health, Curai Health, Others Recent Digital Health Funding

INVEST Precision Medicine Pitch Perfect winner spotlight: TrialSpark

  • by

Judges picked TrialSpark as the winner on the life sciences track of the pitch competition at MedCity’s virtual precision medicine conference. While the company is focused on improving clinical trials for others, it hopes eventually to bring drugs of its own to market.

Cityblock Health Reaches $1B Valuation, Raises $160M to Address Systemic Healthcare Inequity

  • by

What You Should Know: – Cityblock Health, a transformative, value-based healthcare provider focused on improving healthcare outcomes for marginalized communities, today announced a $160M Series C round, bringing its total raised to $300M. – Cityblock is a care delivery trailblazer working to right the injustices… Read More »Cityblock Health Reaches $1B Valuation, Raises $160M to Address Systemic Healthcare Inequity

Elation Health Nabs $40M for Clinical-First Solution to Power Independent Primary Care

  • by

What You Should Know: – Elation Health, which provides an easy-to-use and affordable clinical technology platform for more than 7 million independent primary care clinicians serving 14M+ patients – including an EHR raises $40M in Series C funding from Al Gore’s sustainable investment firm, Generation… Read More »Elation Health Nabs $40M for Clinical-First Solution to Power Independent Primary Care

LeenTaaS Secures $130M for ML Platform to Help Hospitals Achieve Operational Excellence

  • by

What You Should Know: – LeanTaaS raises $130 million in Series D Funding to strengthen its machine learning platform to continue helping hospitals achieve operational excellence during a time where they are facing mounting financial pressures due to COVID-19.  – LeanTaaS provides software solutions that… Read More »LeenTaaS Secures $130M for ML Platform to Help Hospitals Achieve Operational Excellence

Coming up on Day 2 of MedCity INVEST Precision Medicine

  • by

The second day of INVEST Precision Medicine includes presentations by healthcare companies in the Health IT track of the Pitch Perfect startup pitch contest, a panel discussion on interoperability and a panel discussion on building a bioinnovation hub. Register today!

Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

  • by

What You Should Know: – Virtual maternity care platform Babyscripts announced a new round of investments from Banner Health, CU Healthcare Innovation Fund, The Froedtert & Medical College of Wisconsin Health Network, and WellSpan Health – Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific… Read More »Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms

  • by

What You Should Know: – Lightspeed Venture Partners, the VC behind Nest and GrubHub, is leading a $10 million round for Freespira, an FDA-cleared digital therapeutic proven to significantly reduce or eliminate panic attacks and PTSD symptoms by training users to normalize respiratory irregularities. –… Read More »Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms

Verily co-founder launches virtual specialty care startup

  • by

Tom Stanis, Verily’s co-founder and former head of software, left the Alphabet subsidiary in February to found a new healthcare startup. Called Story Health, his new startup is focused on providing care in the gaps between specialty visits.

Which startups will present at MedCity INVEST Precision Medicine Pitch Perfect?

  • by

Among the areas of interest for companies presenting at Pitch Perfect at INVEST Precision Medicine are clinical stroke detection, making medical research more inclusive, using technology to accelerate the pace of clinical trials, developing more patient friendly drug delivery systems for reconstitutable drugs, and more.

French startup lands $8.7M to advance microbiome therapies

  • by

Founded in 2014, MaaT Pharma is pushing two therapies through clinical trials that are designed improve survival for patients with blood cancers and other diseases. Despite high-profile hiccups, the field of microbiome therapy remains attractive to investors.

Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform

  • by

What You Should Know: – AI workforce management for healthcare provider Olive lands an additional $225.5M in funding, bringing the company’s valuation to $1.5B. – This latest funding round will enable Olive to accelerate product development, and the company plans to announce more capabilities in… Read More »Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform

Well Health Nabs $45M to Expand Intelligent Communications Hub

  • by

What You Should Know: – WELL Health raises $45M in Series C funding to transform patient communication for healthcare providers, payers, and ACOs. – WELL Health enables conversations between patients and healthcare organizations through secure, multilingual messaging in the patient’s preferred communications channel: texting, email,… Read More »Well Health Nabs $45M to Expand Intelligent Communications Hub

K Health Collabs with Mayo Clinic, Raises $42M from JayZ + SpaceX/Tesla, Valor Equity Partners

  • by

What You Should Know: –  Today, K Health, the data-driven digital primary care system with 4 million users (+ Anthem partner), announced a first-of-its-kind collaboration with Mayo Clinic’s Clinic Data Analytics Platform. – In addition, K Health raised $42M Series D funding from investors like… Read More »K Health Collabs with Mayo Clinic, Raises $42M from JayZ + SpaceX/Tesla, Valor Equity Partners

Backed by LRV Health, Upfront Healthcare Nabs $11.5 for Patient Engagement Platform

  • by

What You Should Know: – Upfront Healthcare has raised $11.5 million in its Series B with new investor Baird Capital co-leading the round with existing investor LRVHealth (venture capital arm for 22 health systems, payers, and vendors). – Upfront’s Enterprise Care Traffic Control Platform is… Read More »Backed by LRV Health, Upfront Healthcare Nabs $11.5 for Patient Engagement Platform

Tampa General Hospital to launch venture capital fund

  • by

The Florida-based hospital plans to launch the fund next year, under the leadership of a newly named vice president of innovation. It will be used to support startups and invest directly in healthcare companies.

Researchers turn an ear to voice-based biomarkers

  • by

Startups are turning to voice data as they try to develop tools to detect a wide range of diseases. One startup, Vocalis Health, is working with Mayo Clinic to identify voice-based biomarkers for pulmonary hypertension.

Founders’ Story: Activ Surgical

  • by

Activ Surgical is building hardware-agnostic surgical software that allows surgical systems to collaborate with surgeons. Founder and Chief Science and Medical Officer Dr. Peter Kim and CEO Todd Usen discussed the company’s goals in an emailed response to questions.

KēlaHealth Lands $12.9M to Expand AI-Powered Surgical Intelligence Platform

  • by

What You Should Know: –  KēlaHealth announced their Series A round (combined seed and Series A) of $12.9M led by Sante Ventures and new innovation VC, Intuitive Ventures. – KēlaHealth, is a surgical intelligence engine that applies a dynamic cycle of patient-specific predictions, stratified interventions,… Read More »KēlaHealth Lands $12.9M to Expand AI-Powered Surgical Intelligence Platform

Honor raises $140M to grow home-care network

  • by

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

  • by

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

  • by

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

  • by

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

  • by

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

  • by

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