What You Should Know:
Elevation Oncology, a clinical-stage biopharmaceutical company focused on the development of precision oncology products for patients with genomically defined cancers, today announced that it has secured a $50M senior secured loan facility from funds managed by K2 HealthVentures.
Elevation plans to use the funding from the facility will primarily support the exclusive license of EO-3021 (SYSA1801) outside of Greater China from CSPC Pharmaceutical Group and the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Syapse Raises $35M to Expand Learning Health Network
What You Should Know:
- Syapse raises $35M led by an affiliate of Innovatus Capital Partners, LLC (Innovatus)to tackle the challenge of understanding, preventing, and treating complex cancers.
- The investment will allow Syapse to expand its artificial intelligence and machine learning capabilities, making it more efficient to uncover meaningful insights from real-world oncology data.
Syapse, a San Francisco, CA-based real-world evidence company accelerating the
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VC General Catalyst Closes $675M Health Assurance Fund II
What You Should Know:
- Early-stage venture capital firm General Catalyst closes $670 million Health Assurance Fund II.
- The new fund comes on the heels of the Health Assurance Fund I closed in April of 2021 at $600M. To date, General Catalyst has invested $1.7B in companies aligned with the health assurance thesis.
Health Assurance Fund II Investment Thesis
This new fund will allow us to continue to accelerate General Catalyst’s work on building a value-oriented system and focus
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Cleerly Raises $192M for AI-Driven Precision Heart Health Platform
What You Should Know:
- Cleerly, the company creating a new standard of care for heart disease, announced that it has closed a Series C financing round of $192M
- This new funding, led by led by funds and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and Fidelity Management and Research Company, brings the total raised by the fast-growing health care company to $248M, which includes its Series B round in 2021
AI-enabled Approach
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RxLive Raises $5M for Population Health Telepharmacy Solutions
What You Should Know:
- RxLive, a provider of population health pharmacy solutions, today announced a $5 million Series A funding round led by SpringTide with participation by Cardinal Health. RxLive has raised a total of $8 million to date.
- As value-based pharmacy care models expand beyond the retail pharmacy setting RxLive will use the funding to expand its engineering, analytics, and sales and marketing teams, with particular investment in the continuous improvement of its AI and the
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Theator Raises $39.5M for AI-Driven Surgical Intelligence Platform
What You Should Know:
- Theator, the first-of-its-kind AI-driven Surgical Intelligence Platform, announced that it has extended its Series A funding round by $24M, bringing the round’s total to $39.5M
- The extension was led by Insight Partners with support from existing investors including Blumberg Capital, Mayo Clinic, NFX, StageOne Ventures, iAngels, and former Netflix Chief Product Officer Neil Hunt. In addition, new growth investors including iCON and TripActions’ CEO and Co-founder
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Health Note Raises $17M for Pre-Clinical Intake Automation Platform
What You Should Know:
- Health Note, the pre-clinical intake automation platform that uses digital patient intake to prepare clinical notes for providers ahead of patient visits, announced the close of a $17M Series A financing round led by SignalFire. SignalFire is joined by UnityPoint Health, Northwell Health Holdings, the for-profit arm of Northwell Health focused on investment in early stage/growth opportunities, strategic partnerships and the cultivation of internal innovations that
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Humanity Health Raises $6M to Advance Health Equity Through Inclusive Leadership
What You Should Know:
- Humanity Health, a New York City-based career acceleration and talent sourcing platform for underrepresented leaders in healthcare and life sciences, has raised $6 million in Series A funding led by Jumpstart Nova with follow-on participation from Deerfield Management.
- Humanity Health will use the new funding to expand its base of C-Suite and executive-level leaders who are members of the Humanity Talent Network
Advance health equity and innovation through
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Cornerstone AI Raises $5M to Solve Healthcare’s Data Problem
- Cornerstone AI, a new company solving healthcare’s data challenges to improve research and care, publicly launched its first-of-its-kind AI platform.
- The company also announced a $5M seed round led by Healthy Ventures. The funding marked the first investment for Initiate’s affiliated fund, Initiate Ventures. Healthy Ventures General Partner Anya Schiess and Initiate’s Rowan Chapman and lana Dimkova have joined Cornerstone’s board of directors. Funds will be used to further product
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ForSight Robotics Raises $55M to Develop Robotic Cataract Surgery Procedure
What You Should Know:
- Israeli-based ForSight Robotics, the pioneer in ophthalmic robotic surgery raises $55M in Series A funding to advance the world’s first surgical platform for fully robotic cataract surgery: ORYOM. The round was led by The Adani Group with existing investors Eclipse Ventures and Mithril Capital. A number of new investors, including Provenio Capital, Precision Capital, Reiya Ventures, the Ljungstrom family office, and other prominent private investors also joined the
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