Home 10 of the latest digital health funding deals

10 of the latest digital health funding deals

Date Company Amount Round Category
Dec 10, 2019 Starship $7M Series A Healthcare banking
Lead investor(s): Valar Ventures
Also participating: Broadhaven, Clocktower, Third Prime, 500Startups
Founded in 2017, Starship provides an experience-driven healthcare banking platform for health savings accounts (HSAs). Anyone with an eligible health plan can install the app on their iOS or Android phone to save, spend and invest their funds. The company intends to use the funds to continue to expand its offerings for customers, including banking options and payment processing. read more
Date Company Amount Round Category
Dec 10, 2019 G Medical Innovations AU$30M Other Remote monitoring
Lead investor(s): GEM Global Yield
G Medical Innovations has developed a smartphone case that turns the phone into one's very own mobile medical monitor, enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators. The company also has a patch which is targeted for clinics, assisted living homes and post-discharge patients — allowing the wearer to monitor their heart rate and rhythm, blood pressure, body temperature and position, as well as location. G Medical will use the funds to expand its sales force by roughly 20 staff in the U.S. and global markets next year. It hopes to further extend the team to a total of 60 by 2022. read more
Date Company Amount Round Category
Dec 10, 2019 Current Health $11.5M Series A Remote monitoring
Lead investor(s): MMC Ventures, Legal & General
Also participating: Par Equity, Scottish Investment Bank
Founded in Scotland in 2015, Current Health uses wearable and wireless vital signs monitoring, clinical indicators from an ecosystem of more than 50 integrations and symptoms collected via its patient engagement tools, to continuously track patient health trends. Leveraging proprietary machine learning algorithms, the company's platform analyzes this data to proactively detect illness and alert providers to high-risk patients so they can deliver healthcare earlier. Current Health intends to use the capital to scale its platform. read more
Date Company Amount Round Category
Dec 6, 2019 Diabeloop €31M Series B Diabetes management
Investors: Cemag Invest, Odyssée Ventures, AGIR à dom, ADAG
Founded in 2015, The Grenoble, France-based company offers a breakthrough in diabetes management. By leveraging artificial intelligence, treatment can be automated and personalized. Specifically, their "handset" device uses sensors to measure blood sugar, and then pump a calculated dose of insulin to keep blood sugar at a healthy level. Diabeloop will put the funding towards commercializing their device across Europe and the US. read more
Date Company Amount Round Category
Dec 6, 2019 Apostrophe $6M Seed Dermatology
Lead investor(s): SignalFire
Also participating: FJ Labs
Apostrophe connects users with board-certified dermatologists, who then develop a personalized Rx treatment plan for those patients. The company has a vertically integrated mail-order pharmacy, which facilitates the distribution of those treatment plans. The goal is to eliminate the hassle of trips to the dermatologist, long waits in the waiting room and the general displeasure of visiting a pharmacy. Customers pay $20 for the original consultation, and that $20 is then applied as a credit toward purchase of the suggested Rx treatment plan, which is personalized by Apostrophe. The company makes its money off of its pharmaceutical business. read more
Date Company Amount Round Category
Dec 6, 2019 PharmEasy $220M Other Online pharmacy
Lead investor(s): Temasek Holdings
Also participating: Caisse de dépôt et placement du Québec, LGT, KB Financial Group, Bessemer Venture Partners, Orios Venture Partners, Eight Roads, Nandan Nilekani (Infosys co-founder), Fundamentum
PharmEasy connects patients to local pharmacies and diagnostic centers through an integrated online platform, making healthcare accessible and affordable across India via quick doorstep deliveries and savings on their healthcare needs. It also provides services including home diagnostic tests, medicine dosage reminders and an automated medicine refill subscription. The company has a workforce of over 2,000. read more
Date Company Amount Round Category
Dec 6, 2019 Foodvisor $4.5M Other Nutrition
Lead investor(s): Demeter
Also participating: business angels
Foodvisor was launched in 2018 in France with the mission of helping people know how to eat smart so they can live healthier and better lives. It is the most advanced A.I-powered food diary, providing automatic photo recognition and personalized coaching in a fun and playful way. The app is based on Deep Learning algorithms which are able to identify more than 1200 different food items, estimate serving sizes and provide a detailed report on their nutritional content... The company will use the funds to even more expand to the United States. read more
Date Company Amount Round Category
Dec 4, 2019 Motivo $2.2M Seed Mental health
Lead investor(s): Cox Enterprises
Also participating: Techstars, SEI Ventures, ECMC, Great Oaks VC, The Jump Fund, Emmett Partners, and Next Wave Impact Fund, multiple angel investors
Motivo connects recent graduates to a clinical supervisor to fulfill state licensure requirements as a therapist, counselor, social worker or psychologist. Similar to residency for a doctor, aspiring mental health professionals are required to complete approximately two years of face-to-face consultation with a licensed therapist following graduate school. This process is called clinical supervision. Historically, these hours had to be completed in person, however, with the rise of telehealth, many states now allow supervision hours to be collected through secure video conference. The company will use its seed funding to grow the team, acquire contracts with mental health agencies and clinics, and sign channel partnerships with therapist associations and universities. read more
Date Company Amount Round Category
Dec 3, 2019 Lima Technology $28M Series A Insurance
Lead investor(s): Hillhouse Capital
Also participating: GGV Capital, Cherubic Ventures
Founded in 2017, Lima Technology is committed to developing and providing comprehensive solutions including insurance SaaS and insurance product supply chain technologies for customers such as insurance sales agencies. Proceeds of this add-on round (to Series A) round will be used for business development, technology research and development and brand building, to further strengthen the company's core competitiveness. read more
Date Company Amount Round Category
Nov 28, 2019 Rad AI $4M Seed Radiology
Lead investor(s): Google's Gradient Ventures
Also participating: UP2398, Precursor Ventures, GMO Venture Partners, Array Ventures, Hike Ventures, Fifty Years VC, various angels
Rad AI uses state-of-the-art machine learning to automate repetitive tasks for radiologists so they have more time to focus on what matters: accurate and timely diagnosis for patients. The first product automatically generates the impression section of radiology reports, customized specifically to the preferred language of each radiologist. Initial customers have shown significant reduction in radiologist burnout, error rates, and turnaround time — improving radiologists' well-being and patient care. With this new capital, the company will build out its engineering team and expand the rollout of its first product to more radiology groups and customers. read more
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