What You Should Know:
- Lyra Health just announced another massive funding round of $187M, bringing its total to approximately $462 million and the valuation to approximately $2.3 billion.
- The company, which previously raised a series D round in August of $110M at a valuation slightly above $1 billion has now more than doubled in value.
- Lyra Health also announced a new partnership with global benefits company ICAS, which now allows it to provide some level of mental health parity to
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Hurdle Secures $5M for Digital Mental Health Platform for People of Color
What You Should Know:
- Washington, D.C.-based Hurdle raises $5M in seed funding to accelerate its digital mental health platform for people of color.
- Hurdle aims to provide an innovative teletherapy solution for employers and insurers; aims to remove barriers to mental health care for People of Color by rooting its services in evidence-based methods of cultural humility.
Hurdle (formerly Henry Health), a Washington, D.C.-based innovative digital mental health platform company,
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Aledade Secures $100M for Value-Based Primary Care, Reaching $2.1B Valuation
What You Should Know:
- Aledade raises $100 Million in Series D funding to help
more primary care practices thrive in value-based care.
- The new funding will power the growth of a nationwide network of more than one million patients by further expanding into Medicare Advantage Contracts.
Aledade,
a Bethesda, MD-based provider of value-based primary care, today announced it
has closed a $100 million Series D funding round following a year of
significant growth for its national
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Conversa Health Expands Series B to $20M with Additional $8M in Funding
What You Should Know:
- Conversa Health raises an additional
$8M, expanding its Series B round to $20M for its automated virtual care
platform, totaling $34M in funding to date.
- The Series B round, first announced at $12 million in
June, was co-led by Builders VC and Northwell Ventures, the corporate venture
arm of Northwell Health, New York’s largest healthcare provider with 23
hospitals and 800 outpatient facilities.
- Founded in 2014, Conversa enables health systems
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Lumiata Nabs $14M to Scale Healthcare Specific AI Platform
What You Should Know:
- Healthcare specific AI platform Lumiata raises $14M to scale its enterprise-grade AI platform and invest in customer acquisition and success.
- No-code products speedily predict underwriting and actuarial factors enabling extreme risk reduction and cost savings for healthcare companies.
Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $14 million in Series B
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NeuroFlow Secures $20M for Tech-Enabled Behavioral Health Integration Platform
What You Should Know:
- NeuroFlow raises $20M to expand its technology-enabled behavioral
health integration platform, led by Magellan Health.
- NeuroFlow’s suite of HIPAA-compliant, cloud-based tools
simplify remote patient monitoring, enable risk stratification, and facilitate
collaborative care. With NeuroFlow, health care organizations can finally
bridge the gap between mental and physical health in order to improve outcomes
and reduce the cost of care.
NeuroFlow, a
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Transformation Capital Launches $500M Digital Health Fund
What You Should Know:
- Transformation Capital
Partners, L.P. (“Transformation Capital”) announced the launches of it’s
$500M growth equity fund, Transformation Capital Fund II, L.P.
- The new fund will focus on investing between $10 to $30M in
commercial-stage digital health companies and technology-enabled service
businesses that are improving the healthcare system.
- Led by Todd Cozzens, Dr. Jared Kesselheim and Mike Dixon, Transformation
Capital manages over $800 million across the
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge
The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025.
Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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Oscar Raises $140M, Babylon Health, Modern Health, Diameter Health, Curai Health, Others Recent Digital Health Funding
Oscar Raises $140M, Confidentiality Files for IPO
Oscar, the first
health insurance company built on a full stack technology platform raises $140M
in funding led by Tiger Global Management, LLC, with participation from
Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and
Reinvent. On 12/21, the company confidentially filed for an initial public
offering (IPO). The size and price range for the proposed offering have not yet
been determined.
Babylon Health Raises $100M
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Verily Nabs $700M to Expand Baseline, Verily Health Platforms
What You Should Know:
- Verily, a subsidiary of
Alphabet focused on life sciences and healthcare announced it has raised $700M
from current investors, including Alphabet, Silver Lake, Temasek, Ontario Teachers’ Pension Plan and others.
- The company plans to use the capital to support rapid
expansion of some of Verily’s leading commercial businesses including Baseline, an end-to-end ecosystem
designed to make clinical research more efficient; and Verily Health Platforms,
which supports
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