Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Dec 22, 2019 DarioHealth $21.3M Other Digital therapeutics
Lead investor(s): SternAegis Ventures (exclusive placement agent)
The company has closed on a private placement of convertible preferred stock to institutional and private investors. The money will be used to fund DarioHealth's strategic plan, which includes accelerating the Company's initiatives in the Business-to-Business (B2B) channel while continuing to support our direct-to-consumer (D2C) sales and marketing initiatives. The proceeds will be primarily used for the expansion of DarioHealth's U.S. sales and marketing infrastructure that is expected to result in additional B2B contracts while, at the same time, allowing further penetration of accounts already under contract. In addition, the Company plans to use the funding to increase the breadth of chronic conditions addressed by DarioHealth's digital therapeutics platform, which delivers personalized, evidence-based interventions to users that are driven by precision data analytics, high-quality software and one-on-one coaching. This includes supporting the ongoing launch of the digital therapeutics (DTx) platform and expansion into other large chronic disease market opportunities. read more
Date Company Amount Round Category
Dec 20, 2019 LeanTaaS $40M Series C Analytics
Lead investor(s): Goldman Sachs
LeanTaaS is a Silicon Valley software innovator that helps hospitals and health systems increase access and lower cost through predictive and prescriptive analytics. The investment by Goldman Sachs is in addition to the $61 million previously invested by Insight Partners over the three prior funding rounds beginning in November 2017, bringing the total amount raised within the last 24 months to $101 million. read more
Date Company Amount Round Category
Dec 20, 2019 Emilio $5M Seed Behavioral health
Lead investor(s): Oak HC/FT
Emilio Health is dubbed the first technology-enabled behavioral health home for children and their families. The funding will be used to launch the first Emilio Health clinics and digital platform and continue to build the company's leadership team. read more
Date Company Amount Round Category
Dec 19, 2019 RecoveryOne $12M Other Rehabilitation
Lead investor(s): Cigna Ventures
Also participating: 7wire Ventures, members of the management team
Formerly known as Trainer Rx, RecoveryOne provides personalized programs that combine the convenience of digital therapy and the support of live coaching to reduce costs, accelerate recovery and drive patient satisfaction. The funds will be used for the expansion of the company's focus to align with health plans and value-based health systems that share its objective of enabling their members with the most effective, cost-efficient means of recovery. read more
Date Company Amount Round Category
Dec 19, 2019 Paige $45M Series B Cancer detection
Lead investor(s): Healthcare Venture Partners
Also participating: Breyer Capital, Kenan Turnacioglu
Paige is the leader in computational pathology transforming the diagnosis and treatment of cancer. It will use this new capital to drive FDA clearance of its products and expand its portfolio, delving deeper into cancer pathology, novel biomarkers and prognostic capabilities. Additionally, the company will accelerate commercial efforts in the U.S. and expansion in Europe, Brazil, and Canada. read more
Date Company Amount Round Category
Dec 19, 2019 OM1 $50M Series C Analytics
Lead investor(s): Scale Venture Partners
Also participating: General Catalyst, Polaris Partners, 7wire Ventures
The Boston, MA-based company focuses on specific therapeutic areas, including chronic conditions like immunology, rheumatology, cardiometabolic disorders, musculoskeletal conditions and central nervous system (CNS)/behavioral health. Among the products developed are therapeutic-focused registries for advancing medical research, such as in rheumatoid arthritis (RA) and systemic lupus erythematosus (SLE), and AI solutions for measuring and predicting outcomes for patients and populations. OM1 intends to use the funds to expand its real-world data cloud and clinical registries for real-world evidence and personalized medicine. read more
Date Company Amount Round Category
Dec 19, 2019 Caresyntax $45.6M Other Surgical automation
Investors: Whiz Partners, Drug Discovery Gateway Investment Limited Partnership, Plug and Play, Barco Healthcare, Mitsubishi Corporation, Relyens, IPF Partners, caresyntax founders
caresyntax is working to make mission-critical health care settings such as surgery, interventional radiology and obstetrics smarter and safer. The company's proprietary solutions leverage IoT, analytics and AI technologies to automate clinical and operational decision support for surgical teams, and support all outcome contributors in the delivery and management of risk-bearing contracts. The new capital will be used to accelerate caresyntax's next phase of growth domestically and internationally, and support further development and deployment of surgical intelligence and automation technologies that benefit stakeholders across the surgical ecosystem. read more
Date Company Amount Round Category
Dec 19, 2019 Notal Vision $25M Other Ophthalmology
Lead investor(s): Ganot Capital
Notal Vision is a privately held ophthalmic diagnostic services company focused on advancing eye care with precision medicine by extending disease management from the clinic to the home. The continued investment will enable Notal Vision to support the commercial growth of the company's current service, ForeseeHome AMD Monitoring Program, as well as further research and development efforts for pipeline technologies. read more
Date Company Amount Round Category
Dec 19, 2019 GrowthPlug $1M Other Practice management
Lead investor(s): Elevate Capital
Beaverton-based GrowthPlug is focused on enabling healthcare practices to accelerate new patient acquisition, manage online reputation, and automate front desk operations. As a part of the company's mission to transform the way healthcare practices acquire, retain, and serve patients, GrowthPlug is helping hundreds of dentists, ophthalmologists, veterinarians, and medical spa practitioners across the U.S. accelerate their growth and effectively manage their patients. The investment will fund the company's expansion of its operations and support product development. read more
Date Company Amount Round Category
Dec 18, 2019 Bright Health $635M Series D Insurance
Lead investor(s): NEA
Also participating: Bessemer Venture Partners, Cross Creek Advisors, Declaration Partners, Flare Capital Partners, Greenspring Associates, Meritech Capital, Redpoint Ventures, Town Hall Ventures
The new funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases. With this round, Bright Health has raised over a billion dollars in equity financing since early 2016. read more
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