What You Should Know:
- Cue Health raises $100M to commercialize its portable, molecular diagnostic test capable of detecting SARS-CoV-2, the virus that causes COVID-19, in less than 25 minutes using a simple nasal swab.
- The test is part of the Cue Health Monitoring System, which is designed to be a portable device that can perform a molecular test and connect patients to a mobile health platform that features interventional components such as telemedicine
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Kyruus Raises $30M to Expand Provider Search and Scheduling Solutions
What You Should Know:
- Kyruus, a provider search and scheduling solutions company raises $30 million in new funding from Francisco Partners, a technology-focused private equity firm.
- Kyruus will use the investment to expand its patient access platform to help health systems enhance the patient experience, both during and beyond the COVID-19 pandemic.
Kyruus, a Boston, MA-based suite of provider search and scheduling solutions for health systems, today announced
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Care Coordination Network PatientPing Raises $60M to Fuel Expansion
What You Should Know:
- PatientPing raises $60M in Series C funding to fuel expansion to new geographies and extends the capabilities of their care coordination network solutions.
- As the nation’s leading care collaboration and
patient event notifications (e-notifications) platform, PatientPing’s
comprehensive suite of solutions leverage real-time patient data and are used
by provider organizations, hospitals, health plans, governments, individuals
and the organizations supporting
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Report: State of Health IT Private Equity in the Era of COVID-19
In May, as the U.S. cautiously started to reopen amid intense controversy, HGP polled hundreds of private equity funds across all stages of investment to find out how COVID-19 has impacted deal flow. Eighty respondents provided their perspective on topics ranging from an appetite for new investments to access to debt to the impact on portfolio companies.
Respondent Demographics
Effect of COVID-19 on Valuations
When asked how they expect overall and Health IT valuations to behave in
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Sharecare Acquires Evidence-Based Behavior Change Apps MindSciences
What You Should Know:
- Sharecare announced the acquisition of Boston-based MindSciences, an evidence-based behavior change suite of apps focused on mental health (anxiety, stress management), smoking cessation, and weight loss/binge eating, and more.
- The acquisition rounds out Sharecare’s portfolio of mHealth-based therapeutic programs improving chronic disease risk and overall health outcomes by targeting varying aspects of well-being.
- Based on the work of Dr. Judson Brewer, now
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Maven Acquires Bright Parenting App to Close Gaps in Care
What You Should Know:- Women’s and family health-focused digital health company Maven acquires Bright Parenting, the leading app that helps parents of children ages 2-10 learn and use proven behavioral health techniques and skills that contribute to strong parent-child relationships.- Maven is moving beyond the typical scope of telemedicine with this integration of personalized care, content and community within its virtual clinic. Through this expansion, Maven will close the gaps in care
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OurCrowd Launches $100M Pandemic Innovation Fund to Invest in Companies on Front Lines of COVID-19
What You Should Know:
- Israeli venture capital platform OurCrowd launches $100M Pandemic Fund to invest in companies on the front lines of COVID-19.
- The fund plans to raise $100M to invest in 15-20 companies focused on prevention & containment, treatment & healing, and community & disruption mitigation technology solutions to combat current and future pandemic.
OurCrowd,
a Jerusalem, Israel-based crowdfunded-venture investment platform, today
announced the launch of
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Same-Day Pharmacy Delivery NowRx Nabs $3M to Expand COVID-19 Pharmacy Delivery
What You Should Know:
Same-day pharmacy delivery startup NowRx raises $3M in
funding from Decathlon Capital to expand COVID-19 related pharmacy deliveries.
The coronavirus pandemic has caused demand for pharmacy delivery to jump as pharmacy customers skip the pharmacy lines in favor of quick, convenient, and safe doorstep delivery.
NowRx, a Mountain View, CA-based same-day pharmacy delivery company experiencing rapid growth during the coronavirus pandemic, has raised $3M in funding
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Benchling Raises $50M to Scale Life Sciences R&D Platform & Fuel Biotech Innovations
What You Should Know:
- Today, life sciences R&D cloud platform Benchling announced a $50M Series D raise led by Alkeon and joined by new investors Spark Capital, Lux Capital and ICONIQ Partners, as well as existing investors Thrive Capital and Benchmark.
- This funding will help Benchling expand its product suite, providing vital collaboration tools for life science researchers to help embrace the complexity of biology and find breakthroughs faster.
Benchling, the leading
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Syapse Lands $30M to Accelerate Real-World Evidence in Oncology
What You Should Know:
- Syapse raises $30M in new equity funding to enable healthcare providers to deliver the best care to every cancer patient through precision medicine.
- Syapse partners with health systems, life sciences companies, and regulators to deliver clinical, programmatic, and research insights from the world’s largest network of health systems focused on precision medicine.
Syapse, a San
Francisco, CA-based provider of precision oncology
solutions announced $30
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