Catalyze co-founders Travis Good and Mohan Balachandran share their company’s success in obtaining Series B funding and the insights that helped them get there.Although investment dollars continue to pour into healthcare IT at a breakneck pace globally, many startups could end up enduring some serious whiplash. Obtaining seed funding is one thing, but reaching the next round is another. Investors are becoming less impressed by innovations and more discerning with their dollars. Thus, the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Fruit Street Telehealth Lands $3M for HIPAA-Compliant Telehealth Platform for Lifestyle
Telehealth provider Fruit Street Telehealth (Fruit Street) has raised $3 million in Series A funding, bringing its total number of physician investors to more than 160. The startup plans to utilize the latest round of funding to further develop its telehealth platform with its joint venture partner VSee whose video technology is already embedded within Fruit Street's platform. Additionally, the funding will increase Fruit Street's digital advertising budget for sales and marketing initiatives,
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Lexigram Nabs $2M to Transform Unstructured Medical Data Through NLP
Lexigram, a Redwood City, CA-based clinical data intelligence company has raised $2 million in seed funding led by Storm Ventures and including RTA Ventures and the Stanford-StartX Fund. The digital health startup plans to utilize the seed funding to further mature the company's self-service and on-demand natural language processing (NLP) and machine learning analytics platform. As patients, we imagine that our medical data is readily available to all of our doctors, but that couldn't be farther
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Orb Health Lands $3.2M for Intelligent Collaborative Care Platform
Orb Health, a Dallas, TX-based provider of collaborative care technology has raised $3.2 million in Series A funding led by Mt Vernon Investments with participation from Green Park & Golf and a number of returning seed investors. The company plans to utilize the funding to expand its intelligent collaborative care platform for physician-owned practices and large health systems. Founded in 2011, Orb Health provides a turnkey solution and service that empowers providers to engage more deeply
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Theranos Competitor Genalyte Nabs $35M for One-Drop Blood Test
Genalyt, a San Diego, CA based startup has raised $36 million in funding led by Khosla Ventures and Redmile Group to expand its one-drop blood test platform, Maverick™ Detection System.Founded in 2007, the Theranos competitor leverages proprietary silicon chip containing arrays of photonic microring sensors to simultaneously analyze multiple proteins/biomarkers from minimal sample volume, which can be utilized inside physician offices by offering laboratory test results in under 15 minutes.In
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MOCACARE Unveils FDA-Approved Wireless Blood Pressure Monitor
MOCACARE, a Silicon Valley based company has launched MOCACuff, a FDA-approved wireless blood pressure monitor that fits comfortably on the wrist. Priced at $69.99, MOCACuff is the second product in the MOCACARE line that makes it easy to incorporate blood pressure monitoring into your everyday routine and receive instant, actionable insights to improve your health.MOCACARE first product, MOCAheart device uses thumb scans to measure heart rate, blood oxygen levels, and pulse wave velocity - a
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Factom Lands Grant to Create Secure Medical Records using Blockchain
Factom, an Austin, TX-based blockchain technology company offering data management and record keeping support for business has received a grant from Bill & Melinda Gates Foundation to secure medical records that are persistent, readily available, and reliable. Founded in 2000, Bill & Melinda Gates Foundation Global Health Division aims to harness advances in science and technology to save lives in developing countries.Factom's blockchain technology builds globally distributed records
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Stasis Labs Lands $5M for Cloud-based Vitals Monitoring System
Stasis Labs, a Los Angeles, CA-based provider of cloud-powered vital monitoring system has raised $5M in seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Founded in 2015, Dinesh Seemakurty got the idea for the startup after his grandfather was admitted to the hospital in India. His grandfather later prematurely passed away when doctors missed a deterioration in his vital signs due to a
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Cambia Health, Mosiac Health Partner to Launch Echo Health Ventures
Cambia Health Solutions and Mosiac Health Solutions have teamed up to launch Echo Health Ventures, a partnership that combines the proven digital health investment expertise of both organizations to scale funding in existing innovative solutions. Together, Echo Ventures will work to build successful new digital health companies to deliver value that is responsive to systems, providers and consumers. The healthcare system is facing a crisis – nearly 20% of Americans lack access to basic care and
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CareCloud Lands $31.5M for Cloud-based Practice Management EHR Platform
Cloud-based practice management EHR provider CareCloud has raised $31.5 million in Series C funding led by Blue Cloud Ventures with participation from The PNC Financial Services Group and First Data Corporation. The company plans to utilize the latest round of funding to scale its team and its clinical and revenue cycle management platform to help physician practices modernize the patient experience and deliver value-based care. CareCloud supports medical practices through a flexible and
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