Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Nov 23, 2021 Trusted $149M Series C Staffing
Lead investor(s): Greenspring Associates
Also participating: Craft Ventures, Felicis Ventures
The new investment will allow the company to accelerate the roll out of Works, a comprehensive staffing platform that helps hospitals meet one of their biggest challenges: ensuring that every shift gets filled in an environment where both demand for healthcare services and the cost of labor are increasing exponentially. After closely working with Trusted - Mercy, a top healthcare system in the U.S., is using Works to improve its entire nursing workforce and looking to increase fill rates by 12% and reduce nursing labor costs by $2M within six months. read more
Date Company Amount Round Category
Oct 20, 2021 GoCheck $10M Other Vision screening
Lead investor(s): Hatteras Venture Partners, Pisgah Fund
Also participating: CU Healthcare Innovation Fund, WakeMed Hospitals Innovation Venture Fund, Marc Benioff, Interwest Partners, FCA Venture Partners, Sovereign's Capital, Mucker Capital
GoCheck is the company behind GoCheck Kids, the leading digital vision screening platform that is used by 6,500 pediatric teams on three continents to prevent vision impairment and blindness in children. These hospitals, private practices, schools, and screening organizations have screened 5 million patients. The company will use the funds to grow its team, platform, and customer partnerships. read more
Date Company Amount Round Category
Oct 20, 2021 Modern Age $27M Series A Aging
Lead investor(s): Oak HC/FT
Also participating: GV, Juxtapose
Launched in 2021, Modern Age's mission is to help people live longer, healthier lives by giving them the tools to take control of their aging journey. Modern Age will offer a comprehensive approach to aging wellness, including digital tools to help users demystify and understand their options, as well as telemedicine and in-person treatments. The company's founding team brings experience across retail, technology and healthcare, including Amazon, Glossier, Harry's, Rent the Runway, Expedia, Casper, One Medical, City Block Health, GNC and Weill Cornell. Modern Age will use the funds to drive talent acquisition initiatives, sustain technological innovation and support customer engagement. read more
Date Company Amount Round Category
Oct 20, 2021 TripleBlind $24M Series A Data sharing
Lead investor(s): General Catalyst, Mayo Clinic
Also participating: AVG Basecamp Fund, Accenture Ventures, Clocktower Technology Ventures, Dolby Family Ventures, Flyover Capital, KCRise Fund, NextGen Venture Partners, Wavemaker Three-Sixty Health
TripleBlind's solution enables entities to share and collaborate with data anywhere in the world. without the need to share raw data, thus preserving privacy and security while meeting regulatory standards, (including with data while enforcing the data privacy and data residency regulations now in place in more than 100 countries, including HIPAA and GDPR, as well as similar regulations in four U.S. states, such as and California's CCPA). read more
Date Company Amount Round Category
Oct 20, 2021 Skyflow $45M Series B Data privacy
Lead investor(s): Insight Partners
Also participating: Mouro Capital, Canvas Ventures, Foundation Capital, Coinbase Board Member Gokul Rajaram
Skyflow radically simplifies how companies manage, access and govern sensitive customer data. The zero-trust data vault with an elegant API allows developers to quickly build applications and workflows without worrying about data security, privacy or compliance. The company intends to use the new funding to accelerate the growth of its sales, marketing and engineering teams and plans to hire 100 new employees by the end of 2022. read more
Date Company Amount Round Category
Oct 20, 2021 SPR Therapeutics $37M Series D Pain management
Lead investor(s): Revelation Partners
Also participating: River Cities Capital, Mutual Capital Partners
SPR Therapeutics is a private medical device company focused on providing patients with pain relief without opioids or surgery. It will use the funds to accelerate the rapidly growing commercial uptake of its FDA-cleared SPRINT Peripheral Nerve Stimulation (PNS) System, to fund additional clinical research, and to advance next generation technology. SPR's SPRINT PNS System is a 60-day treatment, designed to be used early in the care continuum to provide significant and sustained pain relief and improvement in quality of life. In the past year, the pace of SPRINT PNS System use has more than doubled, having now treated over 6,500 patients. read more
Date Company Amount Round Category
Oct 20, 2021 Insurights $22M Seed Benefits
Lead investor(s): Group 11
Also participating: Cresson Management, Good Company, Insurtech Israel
Insurights has developed an AI-powered platform designed to improve human health by allowing employees to seamlessly access, understand and utilize their health benefits. The platform is bringing on-demand, personally tailored answers to any employee with questions on how to navigate their employer-provided health benefits, regardless of their insurance provider. The company will use the funds to build and scale its fast-growing team with seasoned backgrounds in the healthcare and insurance industries, including medical and insurance experts. read more
Date Company Amount Round Category
Oct 20, 2021 Lydia AI $8M Series A Insurtech
Lead investor(s): Information Venture Partners
Also participating: 500 Global
Formerly known as Knowtions Research, Lydia AI is a deep learning risk scoring engine trained on global health data to generate precise health benchmarks. Insurers use Lydia AI to personalize experience, accelerate underwriting practices and develop new products. The company has partnered with a leading insurer to launch the first series of digital Lydia AI health score products. Lydia AI will be using the funding to establish itself as the new industry standard for health risk scoring, using digital medical data, by expanding the health score's applicability to different types of health and life insurance products. read more
Date Company Amount Round Category
Oct 20, 2021 Perx Health $2.2M Seed Chronic care
Lead investor(s): AirTree Ventures
Launched in 2017, Perx is an Australian company that provides a behavior change platform that helps people with chronic health conditions like diabetes and complex behavioral health conditions adhere to daily treatment plans. It offers a single solution that works across any condition (or multiple conditions) managed by patients. Perx has also been validated for patients with complex social determinants of health, such as vulnerable public hospital patients with multiple chronic conditions and a government-sponsored program for higher-risk Indigenous Australians living with COVID-19. The company intends to use the funds to expand into the U.S. read more
Date Company Amount Round Category
Oct 19, 2021 Insiteflow $2.3M Other Interoperability
Lead investor(s): Silverton Partners
Also participating: Congress Ave Ventures, Alumni Ventures, Service Provider Capital
Insiteflow, which is developing a platform for EHR workflow interoperability, will use the funds to accelerate the expansion of its customer base and proprietary cloud-based platform. read more
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