What You Should Know:
- Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M.
- The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Aledade Acquires Advance Care Planning Company Iris Healthcare
What You Should Know:
- Aledade acquires Iris Healthcare, a provider of advanced care planning solutions for tens of thousands of patients across the country. Financial details of the acquisition were not disclosed.
- As Aledade continues to grow exponentially, the company plans to integrate new patient care solutions to help extend the capabilities of its partner primary care practices.
When individuals face a serious illness, healthcare becomes central to their life. In a crisis,
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Transcarent Raises $200M to Expand Care Platform for Self-Insured Employers
What You Should Know:
- Transcarent, a new and different health and care experience company for employees of self-insured employers and their families, today announced a $200M Series C round led by Kinnevik and Human Capital, with participation from Ally Bridge Group and leading health systems including Northwell Health, Intermountain Healthcare, and Rush University Medical Center.
- The funding round also included participation from existing investors, including General Catalyst,
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PostEra Secures $24M, Forms $260M AI Lab Collaboration with Pfizer
What You Should Know:
- PostEra, a biotechnology company specializing in machine learning for preclinical drug discovery, today announced $24M in equity financing to accelerate medicinal chemistry and bring new cures to patients.
- PostEra will use the proceeds to advance a series of partnered drug discovery programs, initiate its own internal drug discovery, and further develop its medicinal chemistry platform. True to its collaborative ethos, the company today also announced its
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Femtech Startup Diana Health Launches with $11M to Redesign Maternity and Women’s Health Programs
What You Should Know:
- Diana Health, the healthcare provider redesigning maternity and women’s health in partnership with leading health systems, today announced $11M in Series A financing and collaboration with TriStar StoneCrest Medical Center, part of HCA Healthcare, one of the largest hospital systems in the U.S.
- The funding, co-led byLRVHealthand.406 Ventures, with participation from existing investorAlleyCorp, will be used to launch Diana Health’s first locations in
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Medically Home Secures $110M to Expand Hospital-At-Home Platform
What You Should Know:
- Medically Home today announced a new, $110M round of funding from strategic investors including Baxter International Inc., Global Medical Response (GMR) and Cardinal Health who will each have representation on the company's Board. Cardinal Health, Mayo Clinic and Kaiser Permanente are providing additional capital on top of their previous investments, demonstrating confidence in the growing expansion of the model nationwide.
- The Medically Home model
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Endear Health Raises $4M for Payor Member Experience Platform for Medicare Advantage Plans
What You Should Know:
- Endear Health, a San Francisco, CA-based digital engagement platform built for the rapidly evolving value-based landscape, has successfully closed an oversubscribed $4M seed funding round led by 8VC with participation by GreatPoint Ventures and additional Angel Investors.
- Endear Health concurrently announced the appointment of Dr. Robert Mirsky to its Advisory Board to provide guidance as Endear Health expands to additional health plans and provider groups around
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Little Otter Raises $22M to Expand Pediatric Mental Health Platform
What You Should Know:
- Little Otter today announced a $22 million Series A raise - one of the largest rounds for a children’s mental health company at this stage - led by CRV.
- The mental health startup provides a full umbrella of services to children and their families in a number of states and will use the investment to scale nationally by 2023.
Little Otter, a San Francisco, CA-based digital mental health company to provide tools and treatment for both children and their
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Protai Nabs $8M for AI-Powered Drug Discovery Platform
What You Should Know:
- Protai, a Tel Aviv, Israel-based AI-powered drug discovery startup, today announced its emergence from stealth, along with an $8 million seed financing round co-led by Grove Ventures and Pitango HealthTech.
- Protai empowers drug discovery with proteomics and artificial intelligence to unlock new layers of biological insights and to combat complex diseases.
Proteomics-based Platform for Faster and More Accurate Drug Discovery
Despite the significant
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Caira Surgical Secures $5M for Robotic Solutions for Joint Replacement Surgery
What You Should Know:
- Caira Surgical, a revolutionary computer-assisted navigation system for joint replacement surgery raises $5M from series seed investors to include a leading OUS Strategic and several MedTech venture funds. These include U.S.-based Mountain State Capital; Amsterdam-based Snowboat BV, a Dutch fund formed by the founders of Avania Clinical (previously Factory-CRO); and Grenoble, France-based Haventure, founded by Stephane Lavallee, Ph.D. Dr. Lavallee is also the Founder
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