Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Jun 18, 2021 Zus Health $34M Series A Health IT
Lead investor(s): Andreessen Horowitz
Also participating: F-Prime Capital, Maverick Ventures, Rock Health, Martin Ventures, Oxeon Investments
The funding comes at a time when the forces that have long held healthcare innovation back are teetering. The intersection of information sharing friendly policy in the 21st Century Cures Act; never before seen levels of investment from private equity and venture capital into digital-first healthcare companies; and the catalyst of the pandemic; have, in sum, created a thriving young healthcare movement. Zus will use the funding to grow its engineering team and invest in the platform, tools and products that support the digital-first healthcare builders with whom Zus partners. read more
Date Company Amount Round Category
Jun 18, 2021 Form Health $12M Series A Weight loss
Lead investor(s): M13
Also participating: SignalFire, NextView Ventures
Form Health created an approach designed to support patients' weight loss goals at every step of the process. Studies show that frequent touchpoints with clinicians contribute to weight loss and overall improved health. Form Health employs a staff of board certified physicians and registered dietitians trained in obesity management. Each patient is paired with a physician and dietitian team for frequent check-ins that incorporate medical guidance and behavioral, nutrition, and activity changes for lasting weight loss and improved health. Overall, Form Health patients lose up to 15% of their body weight at three months and up to 20% at six months. The Series A funding will enable Form Health to expand availability to 90% of the US population. read more
Date Company Amount Round Category
Jun 17, 2021 Brightline $72M Series B Pediatric behavioral health
Lead investor(s): GV
Also participating: Optum Ventures, 7wireVentures, Gaingels, Oak HC/FT, Threshold Ventures, Blue Shield of California, Blue Cross Blue Shield of Massachusetts, SemperVirens VC, City Light Capital
The new capital will be utilized primarily to scale Brightline's care across the country — fueling their growth as they partner with leading national employers and major health plans to bring behavioral health support to families whenever and wherever they need it. The round includes $7M of venture debt from Silicon Valley Bank. Brightline, the category leader in technology-enabled pediatric behavioral health care, has now raised a total of nearly $100 million in funding to date. read more
Date Company Amount Round Category
Jun 17, 2021 Mnemo Therapeutics €75M Series A Biotech
Lead investor(s): Casdin Capital, Sofinnova Partners, an undisclosed investor
Also participating: Redmile, Emerson Collective, Alexandria Venture Investments
The Series A financing will allow the company to accelerate development of the EnfiniT targeting and next generation chimeric antigen receptors (CAR) T cell therapy platform combining the pioneering research from Institut Curie and Memorial Sloan Kettering Cancer Center (MSK). EnfiniT is a transformational suite of technologies built around a novel epigenetic antigen (E-antigen) discovery engine, able to identify antigens with greater tumor specificity that are completely unique to cancer cells. When combined with EnfiniT's proprietary set of technologies that increase CAR T cell memory and persistence, they enable a range of therapeutic options that can deliver deeper clinical responses than current cell therapies. Supported with best-in-class, autologous and allogenic cell manufacturing, Mnemo's EnfiniT platform will be able to overcome the current limitations of CAR T, creating cell therapies that are highly effective and scalable. read more
Date Company Amount Round Category
Jun 16, 2021 Sempre Health $15M Series B Medication
Lead investor(s): Blue Venture Fund
Also participating: UPMC Enterprises, Rethink Impact, LifeForce Capital, Industry Ventures
This round of funding will be used to advance Sempre's two-sided network of payors and pharma manufacturers nationwide and further grow the number of chronic disease patients Sempre can help better afford and access their medications. Unlike traditional coupons and cash card programs, Sempre aligns multiple healthcare stakeholders to dynamically adjust a patient's out-of-pocket costs at the point of fill, based on individual adherence and benefit design. read more
Date Company Amount Round Category
Jun 16, 2021 Ksana Health $2M Seed Mental health
Lead investor(s): re:Mind Capital
Also participating: WPSS Investments, Panoramic Ventures, the Telosity Fund, Palo Santo Venture Fund, Able Partners
Ksana Health is an Oregon-based company founded two years ago by University of Oregon Professor Nicholas Allen, a clinical psychologist and director of the Center for Digital Mental Health. Ksana's platforms focus on collecting data related to mental health, and transfer that data from user to healthcare practitioners through an app. It's, in essence, a mobile therapy app with a highly detailed dashboard of patient information. So far, Ksana Health has one live product called the Effortless Assessment Research System (EARS), which is designed for institutions conducting clinical research. However, this funding is geared toward another product called Vira, aimed at consumers. read more
Date Company Amount Round Category
Jun 15, 2021 Yana $1.5M Other Mental health
Lead investor(s): ALLVP
Yana is among the top three downloaded apps in Mexico and 12 countries, including Spain, Chile, Ecuador and Venezuela. With its new capital, Yana is planning to move away from the depression/anxiety narrative and to compete in the wellness space. Yana aims to help people with their mental health not just during a crisis but with activities they can do on a daily basis, including a gratitude journal, a mood tracker and meditation — things that prevent depression and anxiety. read more
Date Company Amount Round Category
Jun 15, 2021 The Pill Club $41.9M Series B Birth control
Lead investor(s): Base 10
Also participating: ACME, Base10, GV, Shasta Ventures, VMG, Uber's Dara Khosrowshahi, Honey's George Ruan and iGlobe
The Pill Club launched in 2016 with an at-home delivery service of birth control. Between 2016 and January 2021, it launched in 43 states plus the District of Columbia. It has added five states in the past six months, and plans to get to 50 states by the end of 2021. The company makes money from medical visits, insurance reimbursement for prescription drugs and cash patients who aren't covered by insurance. Long-term, The Pill Club wants to replace the old model of going to a primary care provider for annual visits with ongoing care for women. read more
Date Company Amount Round Category
Jun 15, 2021 Carbyne $20M Series B Emergency collaboration
Investors: Hanaco VC, Intercap VC, Elsted Capital, others
Aimed at redefining emergency collaboration amid the public health crisis, Carbyne will be working closely with Global Medical Response, the largest private emergency medical services provider in the USA, to develop advanced and widely applicable interactive communication solutions for the health and medical sectors, as well as to construct new dedicated domestic resources. read more
Date Company Amount Round Category
Jun 9, 2021 Hawthorne Effect $20M Series A Clinical trials
Lead investor(s): Northpond Ventures
Also participating: SignalFire, P5 Health Ventures
Hawthorne Effect offers a solution for decentralizing clinical trials with the goal to alleviate key issues related to patient recruitment and retention via its tech-driven platform and expansive network of medical professionals. The funding will be used to accelerate growth and help scale the company's operations. The new investment brings the company's total funding to $24 million. read more

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