What You Should Know:
- OpenEvidence, the most widely used medical search and AI application among verified U.S. clinicians raises $210M in Series B funding round, valuing the company at $3.5 billion. The round was co-led by Google Ventures and Kleiner Perkins, with follow-on investment from Series A leader Sequoia Capital, and additional participation from Coatue, Conviction, and Thrive. OpenEvidence has now raised over $300M since its founding.
- OpenEvidence is rapidly
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care
What You Should Know:
- Auxira Health, a virtual cardiology platform announced a strategic collaboration with and investment from American Heart Association Ventures™, the venture capital arm of the American Heart Association®. Both organizations share a commitment to improving patient outcomes by better aligning incentives between providers and patients.
- Auxira, initially co-developed by MedStar Health and Abundant Venture Partners, launched earlier this year to address the
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evolvedMD Secures $34M to Expand Integrated Behavioral Health Care Nationwide
What You Should Know:
- evolvedMD, a Collaborative Care Management (CoCM) provider, announced the close of its $34M Series B investment round, led by Sustainable Investing at Goldman Sachs Alternatives. Existing investors Conductive Ventures, FCA Venture Partners, Healthworx Ventures, Tectonic Ventures, and Waterline Ventures also participated in the round.
- The funding will be used to accelerate evolvedMD's mission to increase behavioral health care availability and expand
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Asepha Secures $4M Seed for AI-Powered Pharmacy Operations
What You Should Know:
- Asepha, a fast-growing startup leveraging AI agents for pharmacy automation, today announced the close of its $4 million Seed round, led by Glasswing Ventures and Core Innovation Capital.
- Panache, RedBud, and MGV also participated, with follow-on support from Ripple Ventures and Front Row Ventures.
Asepha Raises the Bar on AI-Driven Pharmacy Automation, Expands Nationwide Footprint
Asepha is redefining pharmacy operations with
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Centivax Raises $45M to Commercialize First Universal Flu Vaccine
What You Should Know:
- Centivax, a biotech company developing durable, universal vaccines, today announced the close of a $45 million Series A led by Steve Jurvetson’s Future Ventures, with participation from NFX, BOLD Capital, Base4, Kendall Capital Partners, Amplify Bio, and existing investors.
- The new funding will advance Centivax’s lead universal flu vaccine candidate through CMC development and into a Phase I trial within eight months.
Centivax Accelerates Universal Vaccine
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Plexāā Closes $4.5M Extension to Bring Wearable Device for Breast Cancer Surgery to U.S.
What You Should Know:
- Plexāā, a pioneering UK-based MedTech startup behind the award-winning BLOOM⁴³ medical device for breast surgery closes $4.5M funding extension round led by TCP Health Ventures. The extension round includes both existing and new investors, including TCP. Further investment comprises over $1.6M in i4i grant funding from the National Institute for Health and Care Research (NIHR), and $1.3M from Thena Capital, a London-based VC firm backed by the British Business
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Rock Health Report: AI Dominates Digital Health Investment in First Half of 2025
What You Should Know:
- The first half of 2025 saw a modest increase in digital health venture funding, reaching $6.4B across 245 deals for US-based digital health companies, according to Rock Health’s latest report on H1 2025 digital health trends.
- The numbers is up from $6B in H1 2024 and $6.2B in H1 2023, signaling a steady venture market that has found its footing post-pandemic. Q2 alone brought in $3.4B, exceeding the average of $2.6B per quarter since Q1 2023.
AI
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Handspring Secures $12M to Expand Youth Mental Health Virtual Therapy
What You Should Know:
- Handspring, a mental health provider specializing in high-quality virtual therapy for youth, young adults, and their families secures $12M in Series A funding led by Cobalt Ventures, with participation from NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels (HPA), Cornucopian Capital, and two health plans.
- The financing will accelerate Handspring's mission to redefine youth mental health care by addressing the
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Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation
What You Should Know:
- Catalio Capital Management, LP (“Catalio”), a healthcare investment firm, today announced the successful close of its fourth venture fund, Catalio Nexus Fund IV (“Fund IV”), with over $400M in commitments across the Fund and its related co-investment vehicles.
- Launched in 2020 by Co-Founders George Petrocheilos and Dr. Jacob Vogelstein, Catalio currently manages $2B in assets across its private equity, private credit, and public equities
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LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce
What You Should Know:
- LogicFlo AI, a pioneering Boston-based startup, today announced it has secured $2.7M in seed funding led by Lightspeed with participation from healthcare and enterprise AI investors.
- The investment will accelerate the deployment of its intelligent agent platform across the pharmaceutical, biotech, and medtech industries. LogicFlo AI aims to free life sciences experts from tedious "busywork" by providing them with AI collaborators for high-stakes,
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