Startups

At $15.8 million, the average deal size is the largest yet, although deal count is down 9% compared to last year (when looking at US deals over $2M).

A total of $4.7 billion has been raised from the start of the year; in comparison, Q3 2014 saw companies raising a comparable sum of $1.89 billion.

With these deals, CVS is looking to collaborate with the most advanced and capable organizations to develop future-looking healthcare solutions.

Called Velocity Health, the accelerator will offer startups $48,800 (32,000 GBP) in funding plus an additional $48,800 in other benefits.

The four-month long program will provide companies with mentorship, access to a leadership program, as well as $100,000 in up-front funding.

As part of the deal, Luminox will set up a fund for early-stage companies that will collaborate with Johns Hopkins' technology accelerator, FastForward.

Companies accepted to the program will benefit from the free office space and funding, as well as marketing and legal consulting services.

New companies are: Fire Ant, ImmersiveTouch, Kare Visits, Medsqr, My Wellness Community, SuperBetter, Triggr Health, UrgentBuddy, Uroprox, and Validate Health.

Each of the selected companies will participate in the 12 mentorship week program, and receive $30,000 in exchange for 8% equity stake.

The LA-based program lasts three months and will help startups that are focused on the intersection of sports, technology, entertainment, and media.