What You Should Know:
- Value-based care provider UpStream raises $140M in Series B funding co-led by Coatue and Dragoneer with additional participation from other top healthcare and technology investors, including Avidity Partners, Define Ventures and Mubadala. This round brings its total funding to nearly $185M to date.
- UpStream supports physicians operating under full-risk, value-based arrangements who are providing care to seniors on Medicare with an integrated platform that
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Lumen Raises $62M for Handheld Device to Measure Metabolic Health
What You Should Know:
- Lumen, the metabolic health company behind the first handheld device to measure your metabolism through the breath, today announced that it has raised $62M in a series B funding round led by Pitango Venture Capital.
- Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital, and Disruptive VC.
World’s Largest Platform For Measuring Metabolism To Expand Business Growth and Research
Lumen helps
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UCLA Spinout PictorLabs Launches with $18.8M to Revolutionize Histopathology
What You Should Know:
- PictorLabs launches with more than $18M in financing to advance an AI-powered virtual staining platform to revolutionize histopathology, an area that has seen little change in over a century and is essential for clinical research and patient diagnoses. Investors include M Venture (Merck's corporate VC arm), SSC Soft Computer, and Koç Holding.
- Spun out of UCLA, PictorLabs replaces complex chemical-based tissue staining processes (which are time-consuming to
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Nectin Therapeutics Raises $25M for Immuno-Oncology Therapies
What You Should Know:
- Nectin Therapeutics Ltd., (Nectin) a biotechnology company developing novel targeted immunotherapies to address resistance to approved immune-oncology treatments, announced it has extended its Series A financing to over $25 million. IBF and Peregrine Ventures led the round, with participation from aMoon Fund and other existing investors.
- The funding will be used to support the ongoing clinical evaluation of NTX1088, and to further advance the company’s pipeline of
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Rgenta Therapeutics Raises $52M for Integrative RNA-Targeting Discovery Platform
What You Should Know:
- Rgenta Therapeutics Inc. raises a $52M Series A round led by AZ-CICC Healthcare Investment Fund with participation from all existing investors and new investors including Korean Investment Partners, Delos Capital.
- Rgenta Therapeutics is focusing on developing RNA-targeting medicines for historically undruggable disease targets.
Targeting the “Undruggables”
Only a quarter of the proteins implicated in human diseases are currently druggable by traditional
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Eyenovia Secures $15M for Ophthalmic Drug Delivery Technologies
What You Should Know:
- Eyenovia, Inc., a pre-commercial ophthalmic technology company developing the Optejet® delivery system for use both in combination with its own drug-device therapeutic programs for mydriasis, presbyopia and pediatric progressive myopia as well as out-licensing for additional indications, today announced that the company enters a $15M credit facility with the Avenue Venture Opportunities Fund, L.P. (“Avenue Venture Debt Fund” or “Avenue”).
- The financing is
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PayZen Nabs $200M for Personalized, No-Cost Patient Financing
What You Should Know:
- PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions raises a $220 million growth round. The round is composed of $20 million in equity financing and a $200 million credit facility led by 7wireVentures, while Viola Credit provided a $200 million warehouse credit facility to support continued market expansion.
- PayZen will use the funds to scale its operations and product development as the interest in
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care.ai Secures $27M for AI-Powered Smart Patient Rooms
What You Should Know:
care.ai, a Orlando, FL-based first and only AI-powered ambient monitoring platform in healthcare raises $27M in funding from Crescent Cove Advisors.
- The company plans to use the funding to accelerate growth and scale deployments of the industry's first smart care facility platform throughout the U.S.
AI-Powered Smart Patient Rooms
care.ai’s Smart Care Facility Platform™ transforms healthcare settings, such as hospitals and nursing homes, into
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Spot AI Closes $40M for AI-Powered Camera System for Hospitals
What You Should Know:
- Today, Spot AI closed a $40M Series B funding round to help individuals in the healthcare system and front lines of a hospital make better decisions around security, workforce safety, and process efficiency.
- Leveraging cutting edge AI chip technology built into the Spot AI platform, users can easily access, identify and mark important regions to become easily searchable from their phone, tablet or desktop.
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Haystack Oncology Launches with $56M for Post-Op Cancer Detection Tech
What You Should Know:
- Haystack Oncology ("Haystack"), an oncology company that applies the next generation of circulating tumor DNA (ctDNA) detection technology raises $56M in Series A financing led by Catalio Capital Management ("Catalio"), which co-founded Haystack through its private equity and structured equity investment vehicles. Additional investors include Bruker, Exact Ventures, the venture arm of Exact Sciences and Alexandria Venture
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