What You Should Know:
- Aver, Inc., an end-to-end solution that solves the infrastructure challenges driving today’s unsustainable healthcare system announced a $58M investment led by Cox Enterprises and with participation from other existing investors to accelerate the scale and deployment of its new Enlace Health brand. The capital will be used to accelerate growth and represents the first of many financial and strategic moves planned that begin the seismic shift needed to improve
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Senior Companion Platform Papa Raises $150M at $1.4B Valuation
What You Should Know:
- Senior companion and support platform Papa, today announced a $150M in Series D funding to extend the reach and scale of Papa’s innovative solution. With a valuation of $1.4B, this funding round, led by SoftBank Vision Fund 2 and with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, brings Papa’s total funding to $240 million.
- Since its 2017
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Raydiant Oximetry Nabs $5M for Fetal Oximeter that Monitors Babies’ Oxygenation During Childbirth
What You Should Know:
- Fogarty Innovation, a nonprofit educational incubator for medical technology companies, announced today that its graduate, Raydiant Oximetry, Inc., has raised an oversubscribed round of $5M Series A2 financing led by Avestria Ventures, which invests in early-stage women’s health companies, and syndicated by KOFA Healthcare, V-Capital, Band of Angels, FemHealth Ventures, RHIA Ventures, SteelSky Ventures and Tri-Valley Ventures.
- Raydiant Oximetry is a
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Notable Secures $100M to Expand Intelligent Automation in Healthcare
What You Should Know:
- Notable, a San Mateo, CA-based leader in healthcare intelligent automation, today announced it has raised $100M in Series B funding led by ICONIQ Growth, including participation by Greylock, F-Prime Capital, and Oak HC/FT to accelerate growth and innovation within the healthcare industry.
- The company plans to use the new round of funding to pioneer a novel intelligent automation approach for healthcare with the mission of reducing administrative burden
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Femtech Company illumigyn Raises $33M for Remote Gynecological Platform
What You Should Know:
- Femtech company illumigyn, the world’s first remote gynecological imaging platform, today announced that it has raised $33M from Yozma Group Korea and Ubicom Holdings Japan.
- . The first FDA-cleared remote gynecological platform, the Gynescope™, digitally documents the cervix, vagina, and external genitalia. High-quality resolution and superior magnification enhance details beyond the capabilities of traditional cervix exams, enabling more accurate pap
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Wellinks Secures $25M to Expand Virtual COPD Management Solution
What You Should Know:
Wellinks, a digital health company for virtual COPD, announced it has closed a $25M funding round, led by new investor Morningside Venture Investments and joined by returning investors HighCape Capital, Connecticut Innovations, Benslie Ltd., and Stonehenge Capital.
- COPD is the third leading cause of death by disease in the U.S. and the fifth most costly chronic condition, with an estimated $49.9 billion spent annually. Unfortunately, the current care system for COPD
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LightForce Orthodontics Secures $50M for Customized, 3D Printed Orthodontic Solutions
What You Should Know:
- LightForce Orthodontics, makers of the world’s only fully customizable 3D printed braces system, today announced that the company raised a $50 million Series C round led by Kleiner Perkins. Previous LightForce investors also participated in this round, including Matrix Partners, Tyche Partners, and AM Ventures.
- The new funds will allow LightForce to offer training and education to orthodontists so that they are maximizing the technology for their patients while
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Livongo Exec Launches FemTec Health with $38M to Transform Healthcare Experience for Women
What You Should Know:
- Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women.
- Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
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Hinge Health Reaches $6.2B Valuation with $600M for Digital Musculoskeletal Care Solution
What You Should Know:
- Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced $400 million Series E financing led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. At a $6.2 billion-dollar valuation, Hinge Health is now one of the most valuable companies in digital health.
- Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable
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Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform
What You Should Know:
- Decentralized Clinical Trials (DCT) leader Medable, today announced a $304M Series D funding round today – the company’s largest and fourth funding round in 18 months, bringing total capital raised to $521M – and valuation to $2B+. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing investor GSR Ventures. The round also includes follow-on investment from existing investors Sapphire
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