Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Apr 14, 2021 Vericred $23M Series B Health data
Lead investor(s): Aquiline Technology Growth
Also participating: Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, Riverside Acceleration Capital, FCA Venture Partners, First Health Capital Partners
Vericred is the innovative data services platform powering digital quote-to-card experiences in health insurance and benefits. It will use the new capital to expand its teams in New York, NY and Omaha, NE, further build its marketing and sales functions, and exponentially grow the community of participants on its market-leading platform, laying the foundation for a united, digitally connected benefits ecosystem. read more
Date Company Amount Round Category
Apr 14, 2021 Biloba €1.4M Seed Pediatrics
Lead investor(s): Aglae Ventures, ID4
Also participating: Calm/Storm Ventures, Inventures, Acequia Capital, several business angels
The company has raised this round a few months after launching its pediatrics app that lets you chat with a doctor whenever you have a question. In addition to raising some money, the startup also recently added in-app prescriptions. The service costs €12.99 per month, €24.99 for a three-month subscription or €79.99 per year. After that, you can start as many conversations as you want. read more
Date Company Amount Round Category
Apr 14, 2021 Transparent Health Marketplace $30M Series C Price transparency
Lead investor(s): ARTIS Ventures
Also participating: Phase 2 Partners, significant participation from existing institutional and individual investors
Following a successful launch earlier this year, THM has combined the power of the market with digital innovation to automate complex business processes and accelerate access to care for the healthcare and insurance industries. By integrating data and utilizing intelligent algorithms, THM's platform is affording all stakeholders entry to a system that is transparent, intuitive, and beneficial. The latest funding brings THM's total equity raised to $57.4 million. read more
Date Company Amount Round Category
Apr 13, 2021 EDDA Technology $150M Other Robotics
Lead investor(s): Softbank Vision Fund 2
Also participating: OrbiMed, 3W Fund
EDDA Technology brings innovative precision 3D medical imaging solutions to support physicians and enable improved workflow and patient care in robotic surgery. The company's end-to-end enabling IQQA platform supports pre-surgical planning and simulation, intra-operative navigation, and post-operative evaluation. The IQQA products and services have been commercially adopted in hundreds of hospital departments, including Mayo Clinic in the US, and Peking Union Medical College Hospital, West China Hospital, and Shanghai Ruijin Hospital in China. read more
Date Company Amount Round Category
Apr 13, 2021 Memic Innovative Surgery $96M Series D Robotic surgery
Lead investor(s): Peregrine Ventures, Ceros
Also participating: OurCrowd, Accelmed
Funding will support commercialization of the Hominis robotic-assisted surgical platform in the U.S. and potentially in other countries around the world as the company also plans to expand marketing and sales efforts outside the U.S. The financing will also support continued research and development efforts including expanding the company's portfolio of products and manufacturing scaleup, as well as provide world-class customer support and training. read more
Date Company Amount Round Category
Apr 13, 2021 Getlabs $3M Seed At-home lab tests
Lead investor(s): PivotNorth Capital
Also participating: Tusk Venture Partners, Rosecliff Ventures, Liquid 2 Ventures, CityLight Capital, Karlin Asset Management, Matthew Dellavedova
Getlabs brings the lab to you with its at-home, blood-drawing service. The company charges for drawing the labs, but insurance pays for the blood work to be processed, as it normally would. To get your blood drawn at home, Getlabs charges the patient between $29-$49, and it's based on when you want them to come to you. The funding will be used to launch in Phoenix, Philadelphia, and Dallas, all of which have been soft launches so far. read more
Date Company Amount Round Category
Apr 13, 2021 Papa $60M Series C Senior care
Lead investor(s): Tiger Global
Papa is the first and only curated platform of companionship and clinical care to older adults and families. The company experienced significant growth in 2021, growing 600% year-over-year, and will use the financing to accelerate further expansion. Papa will continue to scale its platform and enhance its suite of services to improve the health and lives of older adults and families through health plans and employers. read more
Date Company Amount Round Category
Apr 13, 2021 Cohere Health $36M Series B Utilization management
Lead investor(s): Polaris Partners
Also participating: Longitude Capital, Deerfield Management, Flare Capital Partners, Define Ventures
The funding will be used to continue enhancement of Cohere's digital health plan solutions, which fundamentally transform current prior authorization approaches in order to drive truly collaborative care journeys. Cohere outperforms so-called "touchless" authorization, which automates only certain provider authorization functions. The Cohere platform automates both provider and payer steps in the process, while also generating clinical policy guidance that drives better care decisions without having to delay or deny care. Cohere then uses authorization as a trigger to engage plans, providers and patients in episode-based care paths that merge traditional utilization management, care management and patient engagement functions. read more
Date Company Amount Round Category
Apr 13, 2021 Moray Medical $5.7M Seed Robotics
Lead investor(s): 415 CAPITAL
Also participating: Heal Capital, prominent medtech entrepreneurs
The company will use the funding to continue development of its Coral system, an innovative interventional robotics platform powered by microfluidics and an augmented reality (AR) digital user interface. While the Coral platform promises to dramatically simplify a wide range of minimally invasive cardiovascular interventions, Moray Medical is initially focused on the rapidly growing transcatheter mitral valve repair (TMVR) market. read more
Date Company Amount Round Category
Apr 13, 2021 Tempo $220M Series C Fitness
Lead investor(s): SoftBank
Also participating: Bling Capital, DCM, General Catalyst, Norwest Venture Partners, Steadfast Capital Ventures
Tempo is the five-year-old fitness startup behind a freestanding cabinet, which includes a 42-inch touchscreen with a 3D motion-tracking camera that consistently scans, tracks and coaches users as they work out. The company plans to use the raise to shore up its supply chain, keep up with increased consumer demand and fuel efforts such as R&D and content. read more
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