A new digital companion application helping families navigate the logistical and emotional journey of losing a loved one launched this week with $13 million in seed funding. Called Empathy, the company is backed by the round’s leading investors General Catalyst and Aleph.
Empathy’s platform leads grieving families through end-of-life bureaucratic tasks such as arranging a funeral, validating a...
Digital health funding continued to explode in the first quarter of 2021. In Q1 MobiHealthNews reported on a whopping 99 digital health fundings equaling $7.1 billion in venture dollars. This number trumps the $2.9 billion reported in 2020's Q1.
While the number of fundings is on the rise, so is the amount as later-stage companies complete Series D and E rounds. For example, direct-to-consumer...
CirrusMD, a startup offering on-demand, text-first telehealth, has raised $20 million in a new Series C funding round that brings its lifetime funding to $46 million.
Blue Venture Fund led the raise, which also saw support from 7wireVentures, Drive Capital and the Colorado Impact Fund.
WHAT IT DOES
CirrusMD's approach to virtual care is focused on convenient and timely communication.
Offered...
Rightway, the maker of a digital care navigation and pharmacy benefits platform, has wrapped up a $100 million Series C financing round for a unicorn valuation of $1.1 billion. Announced today, the raise was headed by Khosla Ventures and also included Thrive Capital, Tiger Global Management and other prior backers.
Founded in 2017, Rightway has ballooned to supporting more than 500,000 members...
Crossover Health, a tech-boosted provider of in-person and virtual care services, has brought in $168 million in Series D funding.
Announced today, the raise was led by Deerfield Management Company and brought on several new investors including Perceptive Advisors, OrbiMed Advisors, Foresite Capital, Avidity Partners, SharesPost100 Fund, Irving Investors and PFM Health Sciences.
WHAT THEY DO...
Digital mental health company Ginger landed $100 million in a Series E funding round led by Blackstone Growth. This round comes less than a year after the company closed a $50 million Series D round.
The company offers on-demand behavioral health coaching and video therapy. It has worked with the employer market to offer virtual therapy and psychiatry sessions.
The new money will go towards...
Direct-to-consumer virtual care and mail-order prescription startup Ro is adding to its already impressive fundraising haul with a fresh $500 million investment headed by prior backers General Catalyst, FirstMark Capital and TQ Ventures, the company announced this morning.
SignalFire Torch and BoxGroup also returned to participate in the Series D round, as did new investors Altimeter, Baupost,...
Healthcare data analysis startup Komodo Health has announced a $220 million Series E funding round and a subsequent $3.3 billion valuation. The raise was headed by Tiger Global, with additional support from new backer Casdin Capital and prior investors ICONIQ Growth, Andreessen Horowitz and Silicon Valley Bank.
WHAT IT DOES
Founded in 2014, Komodo offers providers, pharma and other life sciences...
Clinical analytics platform Clarify Health has scored $115 million in Series C funding. Insight Partners Spark Capital, Concord Health Partners and HWVP led the round with participation from KKR, Rivas Capital and Sigmas Group.
This comes roughly two and a half years after the company landed $57 million in Series B funding led by KKR.
Clarify announced that Insight Partners Managing Director...
Happify Health, a platform for mental health and disease management programs, has brought in $73 million in funding as part of a new Series D and other "related financing." Deerfield Management Company headed the investments, which also included funds from Omega Capital Partners, ION Crossover Partners and other prior backers.
WHAT IT DOES
Founded in 2012, Happify is best known for digital...
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