Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Dec 18, 2020 Verily $700M Other Life sciences
Investors: Alphabet, Silver Lake, Temasek, Ontario Teachers' Pension Plan and others
The capital will be used to support rapid expansion of some of Verily's leading commercial businesses. These include Baseline, an end-to-end ecosystem designed to make clinical research more efficient; and Verily Health Platforms, which supports population health, clinical care delivery and chronic disease management through programs like Healthy at Work, Onduo and Coefficient. The company will also progress several of its life sciences programs across surgery, pathology and immunology. read more
Date Company Amount Round Category
Dec 15, 2020 Tempus $200M Series G Precision medicine
Investors: Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and funds and accounts managed by T. Rowe Price
Tempus, a leader in artificial intelligence and precision medicine, is using the additional funds to expand its operations and establish its work in other disease areas, including infectious diseases, depression, and cardiology. Tempus now employs approximately 1,500 people and runs millions of molecular tests annually. In addition, Tempus has been able to aggregate one of the largest repositories of healthcare data in the world, which it uses to help personalize care and ensure that every patient is on their own optimal, therapeutic path. read more
Date Company Amount Round Category
Dec 15, 2020 CityBlock $160M Series C Value-based primary care
Lead investor(s): General Catalyst
Also participating: Wellington Management, Kinnevik AB, Maverick Ventures, Thrive Capital, Redpoint Ventures, and others
Launched in 2017 out of Alphabet's Sidewalk Labs and anchored in a first partnership with EmblemHealth, Cityblock is a transformative, value-based healthcare provider focused on improving healthcare outcomes for marginalized communities. It will use the funds to support its national expansion in caring for Medicaid and dually-eligible communities, to attract and onboard talent across its product, engineering, data science, clinical, and business operations, to launch new service lines, and to continue investing in its proprietary technology platform, Commons. read more
Date Company Amount Round Category
Dec 15, 2020 LeanTaaS $130M Series D Patient access
Lead investor(s): Insight Partners
Also participating: Goldman Sachs
LeanTaaS is a Silicon Valley software innovator that increases patient access and transforms operational performance for healthcare providers. It will use the funds to invest in building out the existing suite of products (iQueue for Operating Rooms, iQueue for Infusion Centers and iQueue for Inpatient Beds) as well as scaling the engineering, product and GoToMarket teams, and expanding the iQueue platform to include new products. read more
Date Company Amount Round Category
Dec 15, 2020 Pear Therapeutics $80M Series D Digital therapeutics
Lead investor(s): SoftBank Vision Fund 2
Also participating: Temasek, 5AM Ventures, Arboretum Ventures, JAZZ Venture Partners, Novartis, CrimsoNox, and EDBI, and new investors, Forth Management, Pilot House, Sarissa Capital, Shanda Group, and QUAD Investment Management
Pear will use the financing to accelerate reimbursement coverage for its three commercial products, creating the first market access pathway in the PDT industry. The company collaborates with innovators to build a broad and deep pipeline that has the potential to redefine standard of care in a range of therapeutic areas, including specialty psychiatry, specialty neurology, and a host of other non-CNS diseases. Pear has built the first scalable platform infrastructure to discover, develop, and deliver PDTs to patients. read more
Date Company Amount Round Category
Dec 15, 2020 Calm $75M Series C Mental health
Lead investor(s): Lightspeed Venture Partners
Also participating: TPG, Insight Venture Partners, Marc Benioff, and funds managed by Goldman Sachs Asset Management
Calm is the leading mental wellness brand with the #1 app for sleep, meditation and relaxation. It will use the funds to advance its efforts in building a strong global workforce, meeting overwhelming market demand. The company's Calm for Business expansion is a priority as employer investment in mental health skyrockets. read more
Date Company Amount Round Category
Dec 15, 2020 Elation Health $40M Series C Primary care
Lead investor(s): Generation Investment Management
Also participating: Threshold Ventures and Kapor Capital
The new funding will be used to expand Elation's purpose-built primary care platform, designed to help physician-led practices and groups thrive in a rapidly changing healthcare environment. read more
Date Company Amount Round Category
Dec 15, 2020 Blueprint $3.4M Seed Mental health
Lead investor(s): Bonfire Ventures
Also participating: Lightbank and other angel investors
Blueprint's technology serves as an extension of mental health clinicians and the resources they depend on to deliver quality data-driven care for patients. Since February 2020, Blueprint has increased revenue by more than 12 times and grew patient enrollment and usage by 800 percent. read more
Date Company Amount Round Category
Dec 15, 2020 Pair Team $2.7M Seed Primary care
Investors: Kleiner Perkins, Craft Ventures, and YCombinator, other prominent funds
Founded in 2019, Pair is an end-to-end operations platform for primary care, backed by Pair's own care team. For patients, Pair provides a digital front door and helps them navigate healthcare. For practices, Pair monitors patient data to trigger automated workflows to ensure critical visits get scheduled and care gaps are addressed. Despite COVID and patient's avoidance of medical offices and care, Pair's wrap-around operations technology and care team tripled the rate of preventative care visits and are on track to increase clinical revenue by 15% by end of year through quality incentives alone. read more
Date Company Amount Round Category
Dec 15, 2020 Modern Health $51M Series C Mental health
Lead investor(s): Battery Ventures
Also participating: Felicis Ventures, Kleiner Perkins, Founders Fund, 01 Advisors, Afore Capital, Frederic Kerrest
Modern Health, which offers mental health platform for employers, has more than 190 enterprise clients, most of whom have more than 1,000 employees, with the company working to attract more companies with 5,000 to 10,000 employees. The new round of funding is going to support the needs of those clients, especially in the area of product, design and engineering development, scaling the sales support, and client success. In addition, Modern Health will be working on data analytics. read more
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