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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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
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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HLTH22: Maven Clinic Secures $90M to Advance End-to-End Family Care Platform
What You Should Know: - Maven Clinic, the largest virtual clinic in women's and family health, today announced that it has raised a $90 million Series E funding round led by General Catalyst, with participation from CVS Health Ventures, La Famiglia, and Intermountain Ventures, as well as existing investors Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, and Lux Capital. This brings Maven's total funding to $300 million and highlights the growing demand for women's and family
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HLTH22: Curavit Raises $5M for Digital Therapeutics Clinical Research
What You Should Know: - Curavit Clinical Research, a virtual contract research organization (VCRO) that specializes in decentralized clinical trials (DCTs) announced it raised $5M in Series A funding to accelerate its growing portfolio of research in the global digital therapeutics (DTx) market. The round was led by Osage Venture Partners with additional investment from Royal Street Ventures and Narrow Gauge Ventures. - The new funding will be used to expand
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AngelEye Health Raises Funding to Expand Patient Engagement Platform
What You Should Know: - AngelEye Health (“AngelEye” or the “Company”), a provider of patient and family engagement solutions for hospital neonatal, pediatric intensive care, and nursery units, announced the completion of its Series B funding, bringing the Company’s funding to date to approximately $20M. The Series B round was led by by Brad Whitmore and Mountain Group Partners (“MGP”), with participation from SeedtoB Capital and the Rash Family Office. - The Nashville, TN-based company
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Fathom Secures $46M for AI Medical Coding Automation Platform
What You Should Know: - Fathom, an AI-powered medical coding automation platform raises $46M in Series B funding co-led by Alkeon Capital and Lightspeed Venture Partners with participation from Vituity’s Inflect Health, Cedars-Sinai, ApolloMD, Jonathan Bush, and other healthcare executives. - The company plans to use the funding to advance the standard in automated medical coding in response to critical challenges facing providers. The Series B round brings Fathom’s total funding to
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Hemanext Raises $18M to Expand Blood Storage and & Transfusion Tech
What You Should Know: Hemanext, a Lexington, MA-based blood processing, storage, and transfusion technology company raises $18M in Series B funding from noted global private investors with deep finance and healthcare expertise. To date, the company has raised approximately $130M (inclusive of $8M in grant funding from the National Institutes of Health). RBC Processing and Storage System The company's research and development efforts center on the study of hypoxically stored red blood
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SEMCAP Launches Investment Strategy to Address Healthcare Market Opportunity
What You Should Know: - Growth equity investor SEMCAP is launching SEMCAP Health, its healthcare investment strategy to address the significant opportunities at this unprecedented time in the healthcare industry. - SEMCAP Health takes influential minority or majority positions in high-growth healthcare tech and tech-enabled services business. The most recent example is SEMCAP Health’s investment in
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