Launchpad Digital Health, a focused next generation accelerator has added six new startups to its 12-month accelerator program. Among the companies that closed the new seed capital financings are: Hint Health, Lab Sensor Solutions, Moving Analytics, SoberGrid and Wellbrain.
These new rounds include co-investment from terrific investors including: Stanford University, Draper Associates, HealthX Ventures, Three Leaf Ventures, Stanford StartX, Healthfundr and Aspect Ventures.
Each company accepted into the accelerator program receives:
1) more capital in the form of up to a $500,000 investment
2 A full one year-long program co-located with other startups in digital health sector and the Launchpad Digital Health founders
3) more intensity in the form of weekly ongoing engagement with Launchpad Digital Health’s founders, partners and mentors as critical business decisions are made continuously with advisors assisting all along the way.
Additionally, Launchpad Digital Health has closed 3 additional follow-on deals, including as the lead in a follow-on round for LifeDojo, an advanced corporate wellness company. It has also participated in the follow-on Series A rounds for Medable, the app and analytics platform for health care and a leader in HIPAA compliance and data analytics for digital health companies, and one additional existing portfolio company.
Ted Ridway, CIO & Co-Founder of Launchpad Digital Health, added, “great entrepreneurs are leading our new portfolio companies, but we also continue to back our existing portfolio companies with strong follow-on rounds for LifeDojo, Medable and others—companies that are among the best young digital health companies in the sector.”
Here is a look at the latest new digital health startups:
Hint Health – SaaS offering for managing the operations of providers that are focused on value-based care, from concierge medical practices, to dialysis clinics, to larger group practices and provider organizations. For value-based care providers, the system components address business operations to payment processing. CEO – Zak Holdsworth
Lab Sensor Solutions – data analytics and sensor for tracking and analyzing laboratory samples that require close monitoring, temperature control, and location and timing tracking. Laboratories can enhance their compliance with requirements for all of these audited services with the companies new system. CEO – Geoff Zawolkow
Moving Analytics – technology platform utilizing the highly successful post-cardiac surgery program, the Stanford MULTIFIT Program, designed originally by Dr. Robert DeBusk, Stanford Cardiologist and Professor Emeritus. Implemented by provider organizations to limit relapse and readmissions, the platform moves this program to the home to improve compliance. CEO – Harsh Vathsangan
SoberGrid – the leading mobile-based social network platform, connecting rehabilitated sober individuals with each other, rehab clinics and other healthcare professional and services. CEO – Beau Mann
Wellbrain – utilizing its meditation platform for pain management, substantially reducing the need for oxycontin and other addictive prescription pain drugs, which have recently been highlighted as a national crisis by the U.S. President and others. CEO – Ruben Kalra, MD
