Investing

By  Leontina Postelnicu 12:32 pm March 9, 2020
After securing funding from Singapore-based Corecam Capital Partners last December, Darmstadt-based manufacturer of eVTOL (electric vertical take-off and landing) drones Wingcopter has announced that it landed further funding from the multi-family office. The amount was not publicly disclosed. WHAT THEY DO Wingcopter’s transport drones, developed for humanitarian and civil applications, have been...
By  Dave Muoio 11:28 am March 6, 2020
Pager, an app-based virtual care and services navigation app, announced this morning $33 million in both equity and debt funding. According to the company, equity comprised roughly two-thirds of this total. Health Catalyst Capital headed the growth equity investment, which also saw participation from new backer Horizon BlueCross BlueShield of New Jersey as well as returning institutional...
By  Laura Lovett 11:02 am March 6, 2020
This morning Sparta Science, a musculoskeletal health startup, scored $16 million in Series B funding. GSR Venture US led the round with participation from Arsenal Growth and existing investors.  The Menlo Park, California, company reports that this new infusion of cash will bring its financing to $26 million.  WHAT THEY DO Sparta Science uses data analytics to help users come up with an...
By  Laura Lovett 04:21 pm March 4, 2020
This morning voice-enabled digital assistant Suki scored $20 million Series B funding. The new infusion of cash was led by Flare Capital Partners with participation from Breyer Capital, Epsilon Health, First Round Capital and Venrock. This news comes roughly two years after the startup raked in its first $20 million in Series A financing.  As part of the funding announcement, Suki revealed that...
By  Dave Muoio 04:01 pm March 4, 2020
Alignment Healthcare, a Medicare Advantage (MA) insurer that relies on a tech platform to manage its members' shifting data in real time, has announced $135 million in new funding. The Series C round was backed by Fidelity Management & Research Company, Durable Capital Partners L.P. and multiple funds and accounts advised by T. Rowe Price Associates. WHAT THEY DO Active within California (and...
By  Dave Muoio 03:19 pm March 2, 2020
Health-benefits navigation platform Accolade announced on Friday the filing of its S-1 with the US Securities and Exchange Commission, making it the next digital-health company in line to join the public markets. Accolade has set a $100 million maximum aggregate offering price to calculate its registration fee, but has not yet locked down the price and volume of its share offering. The Seattle-...
By  Dave Muoio 12:04 pm March 2, 2020
axialHealthcare, maker of a platform for managing substance use disorder (SUD) patients, has closed $15 million in Series C funding. The raise was headlined by the Nashville company's existing investors, a list that includes Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture Partners and Sandbox Advantage Fund. WHAT THEY DO Founded in 2012, axialHealthcare's earlier iteration focused on...
By  Laura Lovett 03:01 pm February 28, 2020
Yesterday morning healthcare data platform Ribbon Health announced that it closed a $10.25 million Series A funding round. Veteran digital health investor Andreessen Horowitz (a16z) led the round, and Y Combinator and BoxGroup also participated.  A number of individual health tech CEOs also contributed to this round, including Flatiron Health CEO Nat Tuner, Clover Health CEO Vivek Garipalli and...
By  Laura Lovett 01:34 pm February 27, 2020
This morning digital physical therapy program Sword Health announced that it scored $9 million in the second phase of its Series A funding round, which brings the round's total to $17 million. Khosla Ventures led with participation from Founders Fund, Green Innovations, Lachy Groom, Vesalius Biocapital and Faber Ventures. This news comes roughly a year after the startup announced the $8 million...
By  Dave Muoio 01:33 pm February 27, 2020
K Health, a free symptom checking app with optional paid telehealth features, announced this morning a $48 million Series C round led by 14W and Mangrove Capital. Anthem, Lerer Hippeau, Primary Ventures and other unnamed backers also contributed. WHAT THEY DO Using a dataset comprised of physician notes, lab results, treatments, prescriptions, prior visits and other anonymized interactions, K...