After announcing a $10 million in Series B equity funding, Boulder,CO-based behavioral health data company Datu Health has shuttered its headquarters resulting in 42 layoffs, Denver Post reports. They layoffs result from company consolidated its software engineering functions under its umbrella of its investment partner St. Joseph Health.
According to Datu Health’s spokeswoman, Pam Zients, four of the Boulder employees will remain with Datu, which has operations in St. Louis and California.
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Figure 1 Raises $5M For its “Instagram for Doctors” App
The Toronto-based startup Figure 1, whose medical photo sharing app used by more than 500k medical professionals across 100 counties has raised $5 million in funding from Union Square Ventures as well as existing backers Version One Ventures, Rho Canada Ventures and Graph Ventures. Investors also include Allen & Co. and individual investors. The latest funding round brings the Canadian digital health startup's total funding to $9 million.
The company plans to utilize the funding to
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23andMe Scores $115M to Maximize Its Direct-to-Consumer Genetic Tests
Genetics startup 23andMe, Inc., has raised $115 million in Series E funding led by Fidelity Management & Research Company to expand its FDA-approved direct-to-consumer genetic tests. New investors in the round include Casdin Capital, WuXi Healthcare Ventures and Xfund, as well as existing investors including Illumina (ILMN), New Enterprise Associates, MPM Capital, and Google Ventures. The latest funding round brings its total funding to date at $241 million, Forbes now values the company at
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Lyra Health Pulls in $35M to Transform Mental Health
After recently launching in June led by former Facebook and Genentech CFO David Ebersman, mental health-based startup Lyra Health has raised a $35 million in Series A funding led by Greylock Partners and existing investor Venrock. The investment round also includes funding from existing investor Castlight Health, and new investors Providence Health & Services, Breyer Capital and Origin Capital Management. The company will utilize the funding to make its technology available to a select group
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Datu Health Raises $10M to Drive Personalized Healthcare through Behavioral Data
Chesterfield, CO-based digital health company Datu Health has raised $10 million in Series B equity funding from St. Joseph Health (SJH) to drive personalized healthcare powered by behavioral health data. Traditional healthcare touch points fail to reach the everyday lives and behaviors of people where 40% of health outcomes are shaped. To reduce population risk, decrease low-value care, increase procedure and appointment effectiveness, and avoid penalties, health care must penetrate patient's
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CareSync Pulls In $18M for Medicare-based Chronic Care Management
CareSync, a chronic disease management platform for Medicare has raised $18 million in Series B funding led by Merck Global Health Innovation Fund (Merck GHI), Greycroft Partners and Harbert Venture Partners, as well as existing investors Tullis Health Investors, Clearwell Group, CDH Solutions and Travis Bond. The capital will be used to help expand its workforce and continue to advance its best-in-class technology. Over the next 18 months, the company plans to hire an additional 500
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GE, StartUp Health Expands Partnership to Focus on Health Payment, Virtual Health Solutions
GE Ventures and StartUp Health, a global health innovation company, today announced the expansion of their partnership to invest in and coach digital health startups focused on health payment and virtual health solutions. The program builds on the success of the GE and StartUp Health Entrepreneurship Program, which launched in 2013 with 15 consumer health companies.
Expanded Partnership Details
As part of the expanded partnership, StartUp Health Academy and GE Ventures will
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Rock Health: Digital Health Funding Tops $3.3B in Q3 2015
Digital health funding has exceed 2014's record breaking year reaching $3.3B representing 30% TTM growth, according to Rock Health, a full-service venture fund dedicated to digital health. In a blog post, Rock Health reported that the average deal size is the largest to date at $15.8M, despite deal flow down 9% compared to 2014. Only 8 digital health companies made up over 50% of the quarter's total funding.
The report produced by Teresa Wang and Rita Rajan with help from Malay Gandhi
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PerfectServe Pulls In $21M to Expand Clinician Secure Messaging Platform
PerfectServe, a secure messaging and collaboration platform for clinicians has raised $21 million in funding led by MemorialCare Innovation Fund (MCIF), a strategic investment fund associated with MemorialCare Health System. Additional investors from the round include incumbent investors CHV Capital, the strategic investment arm of the Indiana University Health System, Piper Jaffray and River Cities Capital Funds, along with new investor Ares Capital Corporation. The funding will accelerate the
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Blueprint Health Showcases 8th Class of Startups in NYC
Blueprint Health, a NYC based mentor-focused health technology accelerator today announced the showcase of their Summer 2015 class of startups at their eight annual Demo Day in NYC. The Summer 2015 Accelerator class is composed of eight new companies solving a diverse set of problems in the healthcare industry from preventing hospital readmissions through geolocation (Position Health) to providing point of service lending to patients with high deductible health
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