What You Should Know:
- ENvizion, the FDA 510(k) cleared leader for enteral feeding
tube (EFT) navigation technology, has raised $18M for the ENvue
system, its “Waze”-like tool for the human digestive tract.
- ENvizion’s device enables nurses to navigate the
feeding tube with the help of a real-time 3D map of the patient’s actual body,
and its sensor warns if the tube has veered towards the lungs.
- The company is also partnering with one of the largest private
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Biofourmis Lands $100M to Expand AI-Powered Digital Therapeutics Platform
What You Should Know:
- Boston-based digital therapeutics leader Biofourmis
just closed a $100 million Series C funding round led by SoftBank,
bringing its total funding to $145M.
- Biofourmis will be using the funding to develop, validate and commercialize several released and unreleased digital therapeutics solutions across cardiology, oncology, respiratory, and pain, with a focus on the United States and key Asian markets, including Asia Pacific, China, and
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Techstars’ UnitedHealthcare Accelerator Launches 2020 Class of 10 Startups
What You Should Know:
- Techstars announces the second class of 10 startups for
the UnitedHealthcare Accelerator Powered by Techstars.
- This year’s class represents a diversity of ideas, geographies, capabilities, and technologies and are tackling challenges in areas such as health equity, care delivery model innovation, telemedicine, remote patient monitoring, mental health, behavioral economics, and more.
Today, Techstars announce the 10 startups joining the second class of
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Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy
What You Should Know:
- Mental health benefits provider Lyra Health raises $110M
in Series D funding, bringing its valuation to $1.1 billion.
- Lyra has grown significantly in 2020. So far this year,
the company has added more than 800,000 new members to the population eligible
to receive Lyra benefits, bringing its total member population to more than 1.5
million.
- Amid, the COVID-19 pandemic, Lyra is focused on
expanding its enhanced teletherapy offering — Lyra Blended Care —
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Led by Mount Sinai, Trellus Health Nabs $5M for Precision Platform for Complex Chronic Conditions
What You Should Know:
- Trellus Health secures $5M in seed funding and
collaborates with Mount Sinai to deliver resilience-driven, connected care,
integrating expert clinical and behavioral health for better outcomes.
- The first disease Trellus will tackle is IBD, which is
one of the costliest chronic conditions with a high mental health burden.
Trellus Health, a New York City-based provider of resilience-driven care for people with complex chronic conditions, announced it has
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UK Cancer Diagnostics Startup Biofidelity Raises $12M
What You Should Know:
- UK-based Biofidelity raises $12 million in Series A funding to accelerate the launch of disruptive cancer diagnostic technology.
- The funding will be used to bring technology to market,
enabling a dramatic simplification of precision genetic testing to ensure many
more cancer patients receive optimal diagnosis and therapy.
Biofidelity Ltd, a Cambridge,
UK-based cancer diagnostics company, today announced it has raised $12 million
in Series A funding led by
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Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform
What You Should Know:
- Brightline raises $20 million to bring its virtual behavioral
healthcare platform to kids and families across California and beyond.
- Brightline delivers integrated care through innovative
technology, virtual behavioral health services, and a collaborative care team
focused on supporting children across developmental stages and their families.
Brightline, a
Palo Alto, CA-based provider of technology-enabled pediatric behavioral healthcare,
announced it has
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Castor Raises $12M to Advance COVID-19 Research Through Clinical Trial and Data Automation
What You Should Know:
- Castor raises $12M in Series A funding to further their
support for COVID-19 research through clinical trial and data automation.
- With 4,000 live studies and 2,000,000 enrolled patients
across 90 countries, Castor will use the funding to further invest in enabling
patient-centric, data-powered clinical trials.
Castor, a Hoboken,
New Jersey startup using automation and data reuse to simplify the entire
clinical trial process, announced $12M in Series A
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Bridge Connector Lands $25.5M to Expand Healthcare Integration Platform
What You Should Know:
- Bridge Connector raises $25.5 million in Series B funding to advance interoperability layer for healthcare organizations as demand for integrated health data intensifies during COVID-19 pandemic.
- The investment will support the growth of Destinations,
the company’s new integration-platform-as-a-service (iPaaS) that connects
health data systems using use-case-based interoperability blueprints to speed
integrations with major vendors.
Bridge Connector,
a
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THREAD Lands $50M for Decentralized Clinical Trial Research Platform
What You Should Know:
- THREAD receives an additional $50 million capital commitment from Water Street and JLL Partners to expand its decentralized clinical trial research platform
- THREAD is an innovative technology and service
provider that increases participant engagement by enabling pharmaceutical
companies and contract research organizations to remotely capture data from
participants and sites during, in between and in lieu of in-clinic
visits.
- This major investment
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