Syapse, a Palo Alto, CA-based company enabling healthcare systems to implement precision medicine programs has raised $25 million in Series C funding led by Ascension Ventures, a subsidiary of Ascension, the nation's largest non-profit and Catholic health system. Existing investors Social Capital Partnership and Safeguard Scientifics also participated in this new funding round. The company will use this funding round to drive the rapid expansion of its Syapse Precision Medicine
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
AMA Invests $15M to Launch Innovation Studio, Health2047
The American Medical Association (AMA) is investing $15M to become the founding partner of Silicon Valley-based healthcare innovation studio- Health2047 that will create new solutions for physicians and their patients to improve health care delivery.
Health2047 plans to collaborate with AMA content experts across a wide range of medical, health policy, and pragmatic practice areas. It will also integrate health care companies, technology companies and entrepreneurs to co-develop, create and
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Pfizer Pumps $46M in Early-Stage Scientific Innovations
Pfizer is expanding its Research & Development (R&D) investment strategy to include early-stage companies on the leading edge of scientific innovation, providing them with both equity and access to resources for research in promising areas aligned with Pfizer’s core interests.
The first four investments of the newly focused initiative include $46 million in financing to companies at early stages of the discovery process that are actively exploring Conditionally Active Biologics
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Springboard Launches Healthcare-Focused Equity Crowdfunding Platform
Springboard Equity Inc. has launched an equity crowdfunding platform - dedicated exclusively to the healthcare industry to bring capital to vetted, high potential, early stage innovative companies. The platform aims to make the fundraising process more efficient for medical devices, digital health, biotech, health IT, mobile and diagnostics startups.
Launched in July 2015, Springboard spent the first five months building their technology, their investor community, and different affiliates.
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Guardant Health Nabs $100M for Biopsy-Free Cancer Genomic Testing
Guardant Health, a Redwood City, CA-based company revolutionizing cancer detection through biopsy-free tumor sequencing has raised $100M in Series D funding led by healthcare-investment firm OrbiMed. Existing Guardant Health investors Khosla Ventures, Sequoia Capital, Lightspeed Venture Partners, Pejman Mar, Formation 8, Heritage Group, and others also participated in the funding round.
Founded in 2012 by a team of serial entrepreneurs with expertise in next-generation sequencing, single-cell
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Flatiron Health Raises $175M for Oncology Cloud Software
Cloud-based oncology software provider Flatiron Health has raised $175M in Series C funding led by Roche with participation from Allen & Company, Baillie Gifford and Casdin Capital. Founded in 2012, the NYC-based company organizes the world’s oncology information and makes it useful for patients, physicians, life science companies and researchers.
The company plans to utilize the capital to further invest in its cloud-based OncologyCloud software platform, which includes OncoAnalytics®,
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Bundled-Payment Startup Aver Raises $13.6M to Simplify Healthcare Reimbursement
Aver Inc., a Columbus, OH-based healthcare bundled payment-focused company and provider of a patented data management platform that simplifies the healthcare reimbursement process, raised $13.6 million in Series B funding led by Heritage Group, with participation from Cardinal Health, Inc., GE Ventures, Hearst Health Ventures, and affiliates of NCT Ventures and StartUp Health. The capital will be used to accelerate operations, grow its platform capabilities and expand market share healthcare
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Pathway Genomics Nabs $40M to Expand Precision Medicine via Genetic Testing
San Diego, CA-based Pathway Genomics, a clinical laboratory facilitating precision medicine through genetic testing and mobile healthcare applications has raised over $40 million in Series E funding. This brings the total investment into Pathway Genomics to over $130 million. Investors in this round of funding include IBM Watson, Pathway's partner in the development of a mobile health application using artificial intelligence to provide personalized health and wellness guidance. The capital will
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Jared Kesselheim Joins Leerink Capital Partners to Lead Health Tech Investments
Leerink Capital Partners, a leading healthcare investment bank, announced that Jared Kesselheim joined the firm as a Managing Partner on January 1, 2016. Based in Boston, Dr. Kesselheim is co-managing Leerink Capital Partners’ healthcare technology and services and digital healthcare investment initiative. Kesselheim joins Todd Cozzens who recently came to Leerink Capital Partners from Sequoia Capital to lead LEERINK’s healthcare growth equity effort.
Dr. Kesselheim brings to LEERINK over
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NantHealth Acquires Healthcare Collaboration Network NaviNet
NantHealth, a company combining genomic science and big data to transform healthcare, has announced the acquisition of NaviNet, a leading healthcare payer-provider collaboration network. NantVentures, the private equity arm of NantWorks participated in the financing. Financial terms were not disclosed.
With the acquisition of NaviNet, NantHealth adds roughly 330 new associates including an experienced management team who has previously held leadership roles at health plans, healthcare IT
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