Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Sep 22, 2021 9am.health $3.7M Seed Diabetes management
Investors: Founders Fund, Define Ventures, Speedinvest, iSeed Ventures
9am.health, a new virtual diabetes clinic delivering personalized, affordable and kind care directly to consumers, announced the launch of its unique virtual care platform, which provides comprehensive, affordable and compassionate care to people living with prediabetes or type 2 diabetes. The company gives people living with prediabetes and type 2 diabetes their own digital front door to healthcare, providing seamless access to many of the most important medications and at-home tests that patients need for one low monthly cost. read more
Date Company Amount Round Category
Sep 22, 2021 eVisit $45M Series B Telehealth
Lead investor(s): Goldman Sachs Asset Management
Also participating: Texas Health Resources, Tom Burton and Steve Barlow (co-founders of Health Catalyst), existing insiders
eVisit will invest the capital to drive growth by building out its Virtual Care platform and scaling up its sales and marketing efforts. The fundraise comes in the midst of eVisit's rapid operational growth and staff expansion, driven by enterprise demand for its Virtual Care capabilities from large-scale Healthcare Organization (HCO) customers including Banner Health, Texas Health Resources Group, and Concentra. read more
Date Company Amount Round Category
Sep 22, 2021 Pager $70M Series C On-demand healthcare
Lead investor(s): Susquehanna Private Equity Investments
Also participating: An affiliate of Horizon Healthcare Services, New Jersey's largest health insurer, Silicon Valley Bank (Debt financing)
Pager's recent funding comes as the company has witnessed average annual consumer encounter growth of nearly 800% over the last two years. Pager's platform has also driven more than 30% utilization and an average savings of more than $190 per clinical encounter. The capital raised will be used primarily to scale capacity to meet record pipeline demand, accelerate innovation of Pager's platform, and support the geographic expansion to new markets in the United States, Latin America and worldwide. read more
Date Company Amount Round Category
Sep 22, 2021 Xealth $24M Series B Healthcare platform
Lead investor(s): Advocate Aurora Enterprises
Also participating: Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health and Stanford Health Care, Atrium Health, Cleveland Clinic, Froedtert & MCW Health Network, MemorialCare Innovation Fund, Providence, UPMC
Available to more than 100,000 physicians, Xealth's digital health platform serves a critical role in bringing digital health into clinicians' workflow, an essential element for program success. Tightly integrated with electronic health records (EHRs), the platform supports care teams to personalize digital solution ordering with one click and helps to elevate the patient experience. Funding from this round will fuel growth of the company's team, approximately doubling its size. It will also support product innovation, including further enhancing its intelligence engine to better help health systems determine which tools are working best with which patients, further enabling the scale of Xealth's deployment across the US. read more
Date Company Amount Round Category
Sep 22, 2021 Alpha Medical $24M Series B Women's health
Investors: SpringRock Ventures, Margo Georgiadis, Outcomes Collective Growth Capital, FMZ Ventures, Samsung Next, Chamaeleon, AV8 Ventures, GSR Ventures
Alpha Medical leverages a telemedicine platform to cover women's healthcare needs virtually, from birth control to menopause, from urgent care to chronic disease. Each patient gets a dedicated PCP when she signs up, and the same provider cares for primary medical needs online to ensure continuation of care. The system anticipates her needs through data-driven proactive screenings for triage, prescription management, therapy, and referrals. The company intends to use the funds to continue to expand operations and its business reach. read more
Date Company Amount Round Category
Sep 22, 2021 Nomad Health $63M Other Job marketplace
Lead investor(s): Adams Street Partners
Also participating: Icon Ventures, Polaris Partners, RRE Ventures, .406 Ventures, First Round Capital, Silicon Valley Bank
Since its founding in 2015, Nomad has been transforming the healthcare staffing industry through its revolutionary jobs marketplace. The cutting-edge online platform streamlines the process of connecting healthcare workers with critical short-term jobs, bringing technology-driven transparency, ease of use and efficiency to the antiquated staffing industry, while also enabling better compensation to clinicians. The funding will be used to support Nomad Health's explosive growth, allowing the company to double down on efforts to hire, invest in the technology platform, and grow its national footprint. read more
Date Company Amount Round Category
Sep 22, 2021 Mojo $4.4M Seed Men's health
Lead investor(s): Kindred Capital, Octopus Ventures
Also participating: Tom Blomfield (Monzo), Julien Callede (Made.com), Ian Hogarth (SongKick), Freddy Macnamara (Cuvva), Alex Rose (Let's Do This), Errol Damelin (Wonga)
UK-based startup Mojo has built a subscription service to support men's sexual wellbeing by providing on-tap access to dedicated therapies — partnering with professional psychosexual therapists to provide online courses that are billed as offering a longer term solution to male sexual health problems vs just popping some blue pills. The 2019-founded startup says it's signed up "close to" 50,000 users across 36 countries so far. read more
Date Company Amount Round Category
Sep 22, 2021 NOCD $33M Series B OCD
Lead investor(s): F-Prime Capital
Also participating: Eight Roads Ventures, Kaiser Permanente Ventures, 7wire Ventures, Health Enterprise Partners (HEP), Chicago Ventures
NOCD, which is the world's leading provider of obsessive compulsive-disorder (OCD) treatment, will use the funds to expand its community, reach people earlier in their treatment journey, and offer additional services to assist with their long-term health. read more
Date Company Amount Round Category
Sep 22, 2021 NEX $25M Series B Fitness
Lead investor(s): Blue Pool Capital
Also participating: Samsung Ventures, SparkLabs, Susquehanna, influencers such as Simu Liu (Shang-Chi), Albert Pujols (LA Dodgers), Thierry Henry (Arsenal Legend), Sabrina Ionescu (WNBA), tech CEOs and founders from YouTube, Dapper Labs, Alchemy, OpenDoor, WordPress and executives from Zendesk, Uber, MasterClass and Facebook
NEX, a San Jose and Hong Kong-based motion entertainment startup, is building motion entertainment - content that encourages physical movement. The company was founded in 2018 by David Lee, Philip Lam, Reggie Chan and Tony Sung with a mission to transform passive activity into active play through apps like Active Arcade. Its first app, HomeCourt, has been played in more than 200 countries. read more
Date Company Amount Round Category
Sep 22, 2021 Pearl Health $18M Series A Marketplace
Lead investor(s): a16z's Vineeta Agarwala
Also participating: AlleyCorp, Kevin Ryan
Pearl Health aims to help primary care providers succeed in Medicare's Direct Contracting pay model. The company is generating a simple per-member-per-month payment structure for each of its Partner Doctors to free them to prioritize prevention, and focus on the patients that need care at each moment in time. This structure also re-orients Pearl's physician partners around a win-win-win opportunity for patients, physicians, and our healthcare system: they receive savings proportional to their individual performance, if they can improve health outcomes and efficiently manage a global budget for the care of their patients. To enable its physician partners to succeed, Pearl is building an inter-operable layer of technology that connects physicians to their patients directly, asynchronously, and outside of EMRs, to help them avoid the waste and unnecessary hurdles scattered throughout their current workflows, while simultaneously giving them access to the first dollar in healthcare. read more

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