Investing

Two healthcare professionals at a desk while looking at a computer screen
By  Jessica Hagen 02:26 pm January 24, 2024
Elephas, an oncology-focused diagnostics platform, announced it secured $55 million in Series C funding, bringing its total raise to $116.5 million.  Venture Investors Health Fund and the State of Wisconsin Investment Board (SWIB) led the round.  Existing investors Northpond Ventures, Moore Strategic Ventures, WARF Ventures, Tao Invest, Sands Capital and ARCH Ventures also participated in the...
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By  Jessica Hagen 02:00 pm January 23, 2024
Tech-enabled heart disease detection company CardioSignal announced it secured $10 million in Series A funding, bringing its total raise to $23 million.  DigiTx Partners led the round. Sandwater also participated, alongside existing investor Maki.vc.  Dr. David J. Kim., managing director of DigiTx, will join CardioSignal's board of directors.  WHAT IT DOES CardioSignal uses gyroscope and...
Father and son on a couch playing
By  Jessica Hagen 12:20 pm January 18, 2024
AI-enabled, family-powered autism therapy company Forta announced it closed a $55 million Series A funding round led by Insight Partners.  Alumni Ventures and Exor Ventures also participated in the round, as well as the founders of Forward, Flexport, Curative, 23&Me, Prelude Fertility, Warby Parker, Harry's and Allbirds.  WHAT IT DOES Forta combines AI and LLMs with a 50-hour training course...
People standing in a room in front of a window while shaking hands
By  Jessica Hagen 06:22 pm January 17, 2024
Venture capital firm General Catalyst announced its recently formed business venture Health Assurance Transformation Corporation (HATCo) intends to purchase Ohio-based Summa Health, a nonprofit healthcare system with over 30 locations throughout the Akron and Canton areas.  Summa Health, founded in 1989, is an integrated delivery system that has been operating for over 130 years. It was formed...
Holly Maloney, managing director at General Catalyst
By  Jessica Hagen 05:49 pm January 16, 2024
Editor's note: Since the release of this article, General Catalyst has announced its intent to purchase Ohio-based healthcare system Summa Health. Digital health stakeholders need to renew their focus on getting back to the basics, such as improving care access, outcomes, cost and workforce retention, says Holly Maloney, managing director at General Catalyst.  Maloney joined MobiHealthNews to...
Healthcare providers standing in the hallway of a hospital looking at a tablet
By  Jessica Hagen 02:30 pm January 11, 2024
Harbor Health, a Texas-based primary care clinic group that offers virtual and in-person care, announced it scored $95.5 million in funding, led by General Catalyst, with participation from Alta Partners and 8VC.  The investment brings the company's total raise to more than $128 million.  The funds will be used to grow its services and expand its specialty care offerings, including designing...
Person sitting next to a window with their eyes closed and their chin raised
By  Jessica Hagen 11:33 am January 10, 2024
Connecticut-based suicide prevention telehealth platform Vita Health has secured $22.5 million in Series A funding.  LFE Capital, CVS Health Ventures, Athyrium Capital Management, Flare Capital Partners, Connecticut Innovations, CU Healthcare Innovation Fund and HopeLab participated in the round. WHAT IT DOES Vita Health connects telehealth providers with youth and adults contemplating suicide....
Healthcare provider wearing a virtual reality headset while touching a virtual screen
By  Jessica Hagen 12:39 pm January 9, 2024
Boston-based virtual reality platform XRHealth announced it secured $6 million in funding, led by Asabys Partners, with participation from NOVA Prime Fund and the company's current investors.  WHAT IT DOES XRHealth's platform allows patients with stress and anxiety, chronic pain, fibromyalgia, and neurological conditions to connect with a provider via telehealth and receive recommended therapies...
Person wearing a virtual reality headset with their hand extended toward the camera
By  Jessica Hagen 03:00 pm January 4, 2024
VMocion, a technology company focused on allowing users to "feel" the motion they see in extended reality (XR) experiences, announced it secured $3 million in seed funding.  AZ Crown and Mayo Clinic participated in the round. Eric Crown of Insight Enterprises will join the company's board of directors.   WHAT IT DOES VMocion's 3V technologies provide users with a sense of physical motion while in...
Person sitting in a chair looking at a tablet
By  Jessica Hagen 04:52 pm January 2, 2024
Tech-enabled Medicare Advantage company Devoted Health announced it scored $175 million in Series E funding at the end of 2023. Venture capital companies Fearless Ventures, Highbury Holdings, Stardust Equity, GIC, Maverick Ventures and The Space Between led the round. Andreessen Horowitz, Emerson Collective, Socium Ventures, The Private Shares Fund, and affiliated funds, General Catalyst, F-Prime...