What You Should Know:
PharmStars today announced the launch of its global digital health accelerator to transform how pharma and startups do business. PharmStars is the first and only non-proprietary accelerator for digital health startups that wish to improve their ability to engage with pharma as clients and partners.
For its pharma members, PharmStars offers premium access to a curated group of the most promising digital health startups that align with their digital health strategy. The
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Qualio Secures $50M for Quality Management System Platform for Life Sciences
What You Should Know:
- Qualio — the trusted cloud quality management system software for the entire life sciences ecosystem announced their $50M Series B funding round led by Tiger Global. Menlo Ventures also joined this round, alongside the following current Qualio investors: Frontline Ventures, MHS Capital, Operator Partners, Sorenson Ventures, and Storm Ventures.
- This latest round of funding will support Qualio’s efforts to expand accessibility of their electronic quality management
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PE Firm Thoma Bravo Acquires Clinical Trial Financial Platform Greenphire – Health M&A
What You Should Know:
- Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector announced that it has reached an agreement to acquire Greenphire, a financial lifecycle management software for clinical trials, from The Riverside Company. Financial details were not disclosed for the pending transaction.
- The acquisition, which is subject to customary regulatory approvals, is expected to close in the second quarter of this year.
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Noom Secures $540M to Expand Behavioral Change Platform for Healthier Habits
What You Should Know:
- Noom, a New York City-based digital health platform focused on behavior change, today announced its $540 million Series F funding led by Silver Lake. The round also included participation from new investors Oak HC/FT, Temasek, and Novo Holdings and existing investors Sequoia Capital, RRE, and Samsung Ventures also participated.
- The company sits at an interesting intersection of several trends in healthcare: digitally-empowered health consumers; the rise of chronic
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Flume Health Raises $6M to Transform Third-Party Health Plan Administration
What You Should Know:
- Flume Health, a New York City-based health plan administration platform for the modern fragmented healthcare today announced a $6M Seed II round, bringing its total amount raised to $10M. The Seed II round was led by new investor Crosslink Capital, with participation from new investors Route 66 Ventures and Convene CEO Ryan Simonetti. Existing investors Accomplice, Founder Collective and Primary Venture Partners also participated in the Seed II round, which brings
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Digestive Health Market Map: Spectrum from Wellness to Chronic
Much like mental health, sexual health, and other conditions with social stigma, digestive health disorders cause many to suffer in silence. Only recently has society embraced a more public discussion of digestive health, ranging from wellness and performance to clinical prevention and chronic care management.
A confluence of social acceptance, innovation, and worsening public health are key driving forces for a broad array of emerging technology companies entering the category.
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AcuityMD Nabs $7M for Targeting Platform for Medical Device Companies
What You Should Know:
- AcuityMD, a platform for commercializing and improving medical devices with data announced it has raised $7M in funding led by Benchmark with participation from Ajax Health. Eric Vishria, General Partner at Benchmark will also join AcuityMD’s board of directors.
- Since launching commercially in 2020, AcuityMD has become a trusted partner within the medical device industry by creating a data platform for the entire medical device lifecycle, from sale and
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Wheel Secures $50M for White-Labeled Virtual Care Platform
Wheel is Powering the Virtual Care Industry from Wheel on Vimeo.
What You Should Know:
- Wheel, a Austin, TX-based virtual care company, today announced a $50M series B round led by Lightspeed Ventures with participation from existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan. The round brings its total funding to $66M to date.
- Today Wheel provides its white-labeled service to companies across a wide variety of industries, including publicly-traded
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Cynerio Raises $30M to Expand Healthcare IoT Cybersecurity Platform
What You Should Know:
- Cynerio, a leading provider of Healthcare IoT cybersecurity and asset management solutions, today announced it has secured $30 million in Series B funding led by ALIVE Israel HealthTech Fund, Israel's pioneering HealthTech investment fund. Existing investors, global VC Accelmed, RDC, Elron’s joint venture with Rafael, and Swiss-based growth investor, MTIP, also participated in the funding round.
- Notably, the COVID-19 pandemic caused a nearly 50% increase in the
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7WireVentures Launches $150M Connected Consumer Health Fund
What You Should Know:
- Digital health venture capital firm 7WireVentures today announced it has closed a $150M Connected Consumer Health Fund to invest in early-stage digital health businesses that empower an Informed Connected Healthcare Consumer.
- In addition to the fund, 7WireVentures announced the addition of new healthcare organizations to the Connected Consumer Health Coalition, a partnership of top health plans, health systems, employers, and life science organizations. Select
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