What You Should Know: Valera Health, a virtual mental health provider serving high acuity patients raises $44.5M in growth equity raise led by Heritage Group. The round also included participation from Cigna Ventures, Horizon Healthcare Services and existing investors, which include Windham Ventures, AXA Venture Partners, Aquiline Technology Partners, Trinnovate Ventures (BCBS AZ), Figure Eight Investments, Watershed VC, and Alsora Capital. Care that is comprehensive, inclusive, and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Carta Healthcare Secures $20M for AI-Enabled Clinical Data Solutions
What You Should Know: - Carta Healthcare, a pioneer in harnessing the power of clinical data, today announced it closed a $20 million series B round led by South Korean firm Paramark Ventures. Other contributors to the round include Memorial Care Innovation Fund (MCIF) and Frist Cressey Ventures, led by heart surgeon, incoming chair of The Nature Conservancy’s Board of Directors and former U.S. Senate Majority Leader Bill Frist.- Carta will use the
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MedCrypt Raises $25M for Medical Device Cybersecurity Platform
What You Should Know: - Today, MedCrypt, the proactive cybersecurity solution provider for medical devices and manufacturers raises $25M in Series B funding led by Intuitive Ventures and Johnson & Johnson Innovation. - The round included participation from institutional investors Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures. This round of funding brings the company's total to date to $34.4M. Rising Need for Medical Device Cybersecurity This round stems
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HealthJoy Raises $60M for Healthcare Navigation Platform to Reduce HR Burden
What You Should Know: - HealthJoy, a healthcare navigation platform that drives benefits satisfaction, improves care outcomes, improves employee satisfaction and reduces HR burden raises $60M in Series D funding led by Valspring Capital with participation from new investors Endeavour Vision and CIBC Innovation Banking. Existing investors US Venture Partners, GoHealth co-founders Brandon Cruz and Clint Jones, Health Velocity Capital, Nueterra Capital and Epic also participated
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Elion Raises $3M to Expand Digital Health Marketplace
What You Should Know: - Elion, a San Francisco-based independent digital health technology marketplace company, today announced it has raised $3.3M in seed funding from leading digital health investors NEA, Max Ventures, 8VC, AlleyCorp, Charge Ventures and Floating Point, with additional participation from a broad set of healthcare founders and angels. - In addition to the round of funding, Elion has released its beta product to the public. The company plans to use the funding to
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COTA Secures New Financing to Accelerate Cancer Research and Treatment Innovation
What You Should Know: - COTA, Inc., an oncology real-world data and analytics company, announced its latest financing by an investment fund managed by Deerfield Management and additional capital from existing investors. - The company will use this new funding to further expand its real-world data platform and services in order to drive more efficient and inclusive drug development in oncology. - Perella Weinberg Partners LP served as exclusive financial advisor and Goodwin Procter
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Bain Capital PE Makes Strategic Investment in CitiusTech
What You Should Know: - CitiusTech, a leading provider of technology and consulting services to healthcare and life sciences companies, today announced a strategic growth investment from Bain Capital Private Equity (“Bain Capital”). - Bain Capital joins Baring Private Equity Asia (“BPEA”), which acquired a majority stake in CitiusTech in 2019, as a significant shareholder to accelerate the Company’s growth. Financial terms of the private transaction were not disclosed. Technology-Driven
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Prenuvo Raises $70M for Whole Body MRI Scans
What You Should Know: - Prenuvo, an Redwood City, CA-based advanced, radiation-free whole body imaging for early detection of cancer and other diseases raises $70M in Series A equity and debt funding led by Felicis, with participation from existing investors including Tony Fadell, NYT bestseller author and founder of Nest; Dr. Timothy A. Springer, Lasker award recipient; Anne Wojcicki, CEO of 23&Me; Steel Perlot, with Eric Schmidt as chairman; entrepreneur Rande Gerber; and wellness
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BioIntelliSense Acquires Patient Monitoring Company AlertWatch
What You Should Know: - BioIntelliSense, Inc. acquires AlertWatch, an FDA-cleared, clinically proven patient monitoring solution. AlertWatch uniquely provides robust integration, data analysis and a patented intuitive display of contextual patient data for more efficient, actionable clinical decisions. - As part of the recently announced strategic partnership with Medtronic, its Patient Monitoring business will distribute AlertWatch to hospitals throughout the U.S.
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Viome Raises $67M to Expand Microbiome & At-Home Test Kits
What You Should Know: - Viome Life Sciences, a mission-driven digital health company, announced additional $67M in funding toward its Series C round. - Led by Bold Capital Group, the $67M raise brings the company’s total funding to over $150M and will be used to support the development of its at-home tests that leverage precision nutrition to improve health and increase longevity by addressing the epidemic of chronic diseases, cancers, and aging. - Viome will expand its proprietary mRNA
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