Clinical Research IO (CRIO), a Cambridge-based digital health startup has raised $1.6 million in seed funding to further develop its e-source system for clinical research sites led by NXT Ventures and Rally Ventures. The latest round follows the company's first seed round of $800k. The round also included investments from its officers, a group of angel investors, and a number of industry investors, including several early customers. Sankesh Abbhi, a clinical research entrepreneur, is among the
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Health IT VC Funding Tops $5.6B in 2016: 10 Things to Know
Health IT VC funding set a new milestone in 2016 as it eclipsed $5 billion in 622 deals, compared to $4.6 billion raised in 2015 in 574 deals, according to that latest report from Mercom Capital Group. The report finds that total corporate funding in health IT companies - including debt and public market financing (plus IPOs) from a total of 1,115 investors (including accelerators/incubators) - came to $5.6 billion in 2016, a drop of 30 percent compared to $8 billion in 2015.Since 2010, the
Read More
Clearwater Clinical Nabs $6M for Clinically Validated iPad Audiometer
Clearwater Clinical Limited, a provider of medical-grade mobile devices and cloud-based data management solutions for the hearing health industry has raised $6 million in Series A funding led by Whitecap Venture Partners. Whitecap Venture Partners will work closely with Clearwater Clinical on a number of strategic initiatives including product development, go to market programs, and future financing strategy. BDC Capital Healthcare Venture Fund also participated in the round, and along with
Read More
StartUp Health, Allianz Partner to Co-develop Custom Healthcare Innovation Portfolio
StartUp Health, a global entrepreneurship development company for Healthcare Transformers, today announced a three-year partnership with global insurance provider Allianz to co-develop a Custom Innovation Portfolio of at least two dozen companies. Over the next three years through strategic calls for innovations, both companies will focus on solutions to critical health issues on individual, community and global levels.Specific themes for the Portfolio will be later announced after a Call for
Read More
PeraHealth Raises $14M for Predictive, Real-Time Clinical Surveillance
PeraHealth, a Charlotte, NC based provider of predictive, real-time clinical surveillance solutions has raised $14 million in funding from Mainsail Partners, a growth equity firm. As the healthcare industry progresses toward value-based care, high costs surrounding chronic diseases and infections continue to escalate. For example, sepsis kills 258,000 people in the U.S. every year and costs the U.S. healthcare system nearly $24 billion annually, according to the Sepsis Alliance. PeraHealth is
Read More
Endotronix Nabs $12M to Expand Wireless Pulmonary Artery Sensor
Endotronix, Inc., a digital health medtech company providing innovative solutions for patients with advanced heart failure, today announced that it has entered into a $12 million term loan agreement with Silicon Valley Bank (SVB). The financing comes after a successful $32 million Series C round last July that included BioVentures Investors, SV Life Sciences (SVLS), Lumira Capital, Aperture Venture Partners, OSF Ventures, existing investors, and a corporate strategic investor. The startup plans
Read More
Rock Health: Digital Health Funding Tops $4.3B in 2016, Down 8% from 2015
Digital health funding reached $4.2B in 2016, down 8% from 2015, representing a compound annual growth (CAGR) from 2011-2016 of 30%, according to the 2016 Year End Funding Report report from digital health venture firm Rock Health. 2016 The annual report reveals 2016 was a strong year for digital health, but it also served as a reality check for founders and investors due to the election and uncertainty around the future of the ACA.In comparison to StartUp Health's digital health funding
Read More
Pursuant Health (Solo Health) Nabs $12.8M to Expand Population Health Platform
Health kiosk company Pursuant Health formerly known as Solo Health has raised $12.8 million in Series A funding to expand its population health platform through new channels. These channel expansions include texting, mobile, digital and incentive management capabilities, providing broader program administration, engagement and collection of health data.Founded in 2010, the Atlanta-based company conducts population level health screenings that follow United States Preventive Services Task Force
Read More
Arcadia Healthcare Solutions Raises $30M to Expand Data Analytics Platform
Burlington-based Arcadia Healthcare Solutions has raised $30 million in capital growth from the Merck Global Health Innovation Fund, GE Ventures, and existing investors Peloton Equity, Zaffre Investments, and Morgan Stanley Alternative Investment Partners. The EHR data aggregation/analytics company will utilize the funding to to accelerate its robust product development plans in the core Arcadia Analytics platform and expand population heath management market activities.Founded in 2002, the
Read More
PeerWell Partners with NFL Athletes to Launch Post-Op Rehab Platform
PeerWell, whose mobile PreHab technology helps patients prepare for surgery, has announced the launch of an extension of its platform to assist patients through post-operative recovery. PeerWell’s platform now starts with PreHab to prepare patients for surgery and continues with ReHab to enable patients to recover from surgery. PeerWell’s PreHab to ReHab solution will first roll out for patients undergoing joint replacement surgery for the hip or knee.PeerWell collaborated with retired NFL star
Read More
