Investor

A drone flying over a forest area
By  Adam Ang 04:36 am April 30, 2024
A project building a specialised medical drone at the University of Sydney has received A$3.6 million ($2.3 million) in funding.  Backed by a strategic partnership between the university and health sector-focused ASAC Consultancy, the Wildu Aero Project is developing a hydrogen-fuelled vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) for carrying medical cargo.  What sets this...
Person talking with nurse on laptop
By  Trevor Dermody 03:46 pm April 29, 2024
Virtual care company Teladoc reported $646.1 million in revenue in the first quarter of 2024, a 3% increase from $629.2 million in Q1 2023. Its revenue from Teladoc Health Integrated Care increased to $377.1 million in Q1 2024, an 8% increase year-over-year, and BetterHelp revenue decreased 4% to $269 million.  The company posted an adjusted EBITDA of $63.1 million, a 20% year-over-year increase...
A person holds an infant
By  Trevor Dermody 05:00 pm April 26, 2024
Pediatric telehealth startup Summer Health announced the close of a $11.65 million Series A raise led by 7wireVentures and Lux Capital. Pivotal Ventures, a Melinda French Gates fund, participated in the raise, alongside existing investors Sequoia Capital, Box Group and Chelsea Clinton’s Metrodora Ventures.  Alyssa Jaffee, partner at 7wireVentures, Alfred Lin of Sequoia Capital, Deena Shakir of...
Person sitting on a couch holding a coffee cup while talking to a telehealth provider on their computer
By  Jessica Hagen 03:47 pm April 24, 2024
Midlife women’s health clinic Midi Health announced it secured $60 million in a Series B funding round led by Emerson Collective, bringing its total raise to $100 million.  GV (Google Ventures), who led the company's $25 million Series A round announced in September, participated in the round. SemperVirens, Icon Ventures, Felicis, Gingerbread Capital, Steel Sky Ventures, Black Angel Group,...
Scientist in a lab wearing safety goggles while putting something in a beaker
By  Jessica Hagen 02:21 pm April 24, 2024
Xaira Therapeutics, an AI-enabled drug discovery and development company, announced its launch with more than $1 billion in capital.   The biotechnology company is a joint incubation by ARCH Venture Partners and Foresite Labs, the lead investors in the funding round.  Lux Capital, Two Sigma Ventures, F-Prime, Rsquared, SV Angel, Menlo Ventures, Sequoia Capital, NEA, the Parker Institute for...
Group of three people on left, two people shaking hands in middle, three people standing behind office chairs on right
By  Trevor Dermody 01:48 pm April 24, 2024
Alaffia Health, which creates genAI solutions for health insurance claims, secured $10 million in Series A funding, bringing its total raise to $17.6 million.  FirstMark Capital led the funding round with participation from GingerBread Capital and existing investors Aperture Venture Capital, Anthemis, 1984 Ventures, Tau Ventures and Remarkable Ventures.  Amish Jani, founder and partner of...
Three healthcare providers standing in the hallway of a clinical building looking at a tablet together
By  Jessica Hagen 12:44 pm April 22, 2024
Lumeris, a value-based care strategy, technology and operations company, announced it secured $100 million in an equity capital raise led by Deerfield Management.  Endeavor Health joined as a new investor, and BlueCross BlueShield Venture Partners, Sandbox Industries, Kleiner Perkins and JDLinx participated in the round. WHAT IT DOES The Missouri-based company strategizes with health systems and...
Healthcare provider standing up and talking to a patient who is also standing
By  Jessica Hagen 02:03 pm April 16, 2024
Kontakt.io, an analytics company focusing on the inpatient healthcare journey, announced it secured $47.5 million in a Series C funding round led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs).  Christian Resch, partner at Goldman Sachs, will join the company's board of directors.  WHAT IT DOES Kontakt.io uses AI and real-time Internet of Things (IoT) to garner insights into...
Person sitting on their couch holding a cup of coffee while speaking to a virtual healthcare provider on their computer
By  Jessica Hagen 11:03 am April 16, 2024
Two Chairs, a California-based hybrid behavioral health company, announced it had closed a $72 million Series C equity and debt-financing round. Amplo Financing led the round, with Fifth Down Capital and other investors participating. Bridge Bank provided the debt financing.  The round brings the company's total raise to $103 million.  WHAT IT DOES Two Chairs matches patients with the correct...
Three people with arms raised celebrating around computer monitor
By  Trevor Dermody 03:51 pm April 15, 2024
Phoenix-based Dot Compliance, which provides an AI-powered quality management system for compliance, announced it closed $17.5 million in Series B extension funding, bringing its total funding to $50 million. The funding round was led by existing investors IGP Capital and Vertex Ventures with additional investment from TPY Capital.  WHAT IT DOES Dot Compliance AI solutions provide a vendor-...