What You Should Know:
- OpenLoop, a leader in white-label telehealth support services powering virtual and hybrid care across the country, today announced it has raised a $15M Series A funding.
- The round was led by Nava Ventures, with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures, and existing investors SpringTide Ventures and ManchesterStory. The company also announced a new nationwide insurance payer network that allows clients to offer reimbursable
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Protai Raises $20M to Build an Oncology Drug Discovery Pipeline
What You Should Know:
- Protai, a proteomics and AI-powered drug discovery startup revolutionizing the way new drugs are discovered, today announced a $12 million extension of its seed round, bringing the total amount to $20M.
- The round includes existing investors Grove Ventures and Pitango Healthcare and was joined by Copenhagen-based Maj Invest Equity Fund. The additional funding will be used to build Protai’s oncology drug discovery pipeline, expand data
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FemTech Startup Iron Health Launches with $4.5M to Empower OB/GYNs
What You Should Know:
- Built at Redesign Health, Iron Health, the tech-enabled, virtual care partner that empowers OB/GYNs and their patients today announced its official launch with $4.5 million in seed investment.
- March of Dimes both contributed funds to Iron Health as part of its seed as its first investment from its first Innovation Fund but is also a partner resource for the startup. Iron Health addresses the fragmentation between OB/GYN, primary,
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Aiberry Secures $8M for AI-Powered Mental Health Screenings
What You Should Know:
- Aiberry (pronounced “I” + “berry”), an AI-powered mental health screening pioneer today announced that it has secured $8M in seed funding led by Confluence Capital Group, Inc. (CCG) with participation from the VC fund Ascension AI. This brings total funding to $10M
- The company plans to use the latest round of funding to accelerate the adoption of the Aiberry platform, which uses an AI-powered therapeutic assistant to conduct a conversation to detect mental health
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Opkit Launches First Insurance Verification Platform for Telehealth
What You Should Know:
- Y Combinator startup Opkit emerges from stealth with an automated health insurance verification platform that is purpose-built for the new telehealth companies and virtual medical clinics that are providing care for a wide range of patients across the United States. The startup has raised more than $1M from Global Founders Capital, Mischief (Plaid founder Zach Perret's fund), Socially Financed, Y Combinator and Rex Salisbury, former partner at Andreessen
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Long-Term Care Insurtech Assured Allies Nabs $42.5M to Power Successful Aging
What You Should Know:
- Assured Allies, an insurtech company for evidence-based successful aging raises $42.5M in Series B funding round co-led by FinTLV Ventures and existing investor Harel Insurance, and was joined by new and existing investors including Lumir Ventures, Funds managed by Hamilton Lane (NASDAQ: HLNE), New Era Capital Partners, MS&AD Ventures, Core Innovation Capital, Poalim Equity, EquiTrust Life Insurance Company, Akilia Partners, and Samsung Next. The latest round
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Wave Life Secures $6M to Increase Mental Health Access For Gen Z
What You Should Know:
- Wave Life, the science-backed mental health platform aimed at supporting Gen Z raises $6M in seed funding led by Santé Ventures. The seed round also included participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures.
- Created and led by clinical psychologist Dr. Sarah Adler, Clinical Associate Professor of Psychiatry at Stanford University, the Wave Life platform takes the best of science-backed traditional therapy and delivers it in a way
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Ryse Health Secures $6.5M for Type 2 Diabetes Care
What You Should Know:
- Ryse Health, a healthcare technology company that’s committed to pursuing a world free from chronic diseases and raising the bar on Type 2 Diabetes care raises $6.5M in Series A funding led by Route 66 Ventures. The round also included support from W Health and Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield.
- The company plans to use the funding to enable Ryse to continue to grow its team, strengthen its business operations, partner
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CodaMetrix Raises $55M for AI-Powered, Autonomous Medical Coding
What You Should Know:
- CodaMetrix, an AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations also participated in the round.
- The capital injection will accelerate go-to-market with major provider organizations and health systems, as
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Portfolia Invests in Xandar Kardian for Health Monitoring
What You Should Know:
- Portfolia, the world’s most powerful community of women investors, has officially announced a significant investment in Xandar Kardian from the firm’s Active Aging I and Active Aging II funds. Portfolia’s investment represents a core contribution to Xandar Kardian’s $10 million Series A Funding round.
- Portfolia sees Xandar Kardian’s impact extends well beyond the traditional hospital room, with impressive potential growth opportunities into a wider
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