What You Should Know:
- Alto Pharmacy (“Alto”), the leader in America’s rapidly expanding digital pharmacy market, raised approximately $200 million in an oversubscribed series E financing round led by returning investor Softbank Vision Fund.
Free hand-delivery to your door
Despite the pandemic, the retail pharmacy industry has been one of the slowest to use technology to improve the customer experience. Founded in 2015, Alto is a full-service pharmacy powered by a team of experts
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Talkiatry Lands $37M to Expand In-Network Psychiatric Care
What You Should Know:
– Talkiatry, a leading provider of in-network psychiatric care raised an additional $17M from Left Lane Capital, which totals their current funding to $37M in Series A funding. The completion of this round will support Talkiatry in responsibly scaling mental health services across the United States with national insurance contracts.
- The company also appointed Samson Walla as its Vice President of Operations. Walla joins Talkiatry from Uber, where he served as
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Honeywell Makes Strategic Investment in RapidSOS’s ER Data Platform
What You Should Know:
- Today, Honeywell announced it has made a strategic investment in RapidSOS, an NYC-based emergency response data platform, to further modernize and digitize the public safety communications process.
- In addition to the strategic investment, Honeywell Connected Life Safety System (CLSS) will integrate with the RapidSOS emergency response data platform to provide faster, more accurate communications
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Swiftarc Ventures Launches $75M Telemedicine Venture Fund
What You Should Know:
- Swiftarc Ventures, an NYC-based early and growth-stage consumer and consumer health-focused venture capital firm announced it has launched a $75M telehealth-focused venture fund.
- The telehealth fund is aimed at harnessing breakthrough innovation opportunities currently emerging from key legislative changes in healthcare delivery within the United States and globally.
Investment Thesis
In the past, the three-pillared U.S. healthcare system (Patients,
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Casana Raises $30M for Effortless Home Health Monitoring
What You Should Know:
- Casana, a healthcare technology firm that is reinventing in-home health monitoring announced it has raised $30M in Series B funding, bringing the total capital raised to $46 million led by Morningside with participation from Matrix Partners, as well as Series A investors General Catalyst and Outsiders Fund.
- The Series B funding will allow Casana to accelerate FDA submission of the Heart Seat with the goal to obtain FDA approval and bring this important new device
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Wheel Raises $150M to Expand White-Labeled Virtual Care Services
What You Should Know:
- Wheel, an Austin, TX-based provider of white-labeled virtual care services and support announced a $150M series C funding round, co-led by Lightspeed Venture Partners and Tiger Global, bringing its total funding to $216 million to date. The round also included participation from new investors Coatue and Salesforce Ventures along with existing investors CRV, Tusk Venture Partners and Silverton Partners.
Everything companies and clinicians need to deliver
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Topography Health Launches out of Stealth with $27.5M to Empower Community Physicians to Run Clinical Drug Trials
What You Should Know:
- Topography Health, a clinical trials startup focused on community physicians, today launched out of stealth with $27.5M in funding from Andreessen Horowitz and Bain Capital Ventures.
- Co-founded by former Gerson Lehrman Group CEO Alexander Saint-Amand, Topography is making it possible for your family doctor to offer clinical drug trials as part of their practice. Not just for potentially terminal illnesses, but also for moderate chronic illnesses, where the
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Digital Mental Health Clinic Mantra Health Secures $22M to Support University Students
What You Should Know:
- Mantra Health, the preeminent digital mental health clinic focused on young adults, today announced a $22 million Series A investment, led by VMG Partners. The round includes new investors New Market Venture Partners, Elements Health Ventures, 14W, and Alumni Ventures. Returning investors included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments, and City Light Capital.
- The company plans to use the investment proceeds to
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Sema4 Acquires GeneDx for $623M to Strengthen AI-Driven Genomic Platform
What You Should Know:
- Today, Sema4 (Nasdaq: SMFR), a health intelligence company, announced it has signed a definitive agreement to acquire GeneDx, a leader in genomic testing and analysis, at a purchase price representing approximately $623 million, strengthening its market-leading health intelligence and genomic screening offerings.
- The combined company is projected to deliver $350 million in pro forma 2022 revenue. In connection with the acquisition,
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Jumpstart Health Launches $55M Venture Fund for Black Founded Health Startups
What You Should Know:
- Jumpstart Health Investors, announced this week the launch of Jumpstart Nova, the first venture fund to invest in Black founded and led healthcare innovation companies.
- The $55M fund will invest exclusively in Black founder-led healthcare companies across health IT, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness.
Why It Matters
Marcus Whitney, a leader in healthcare innovation
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