What You Should Know:
- Charta Health, an AI-powered platform that automates and optimizes medical billing and clinical documentation workflows secures $22M in Series A funding round led by Bain Capital Ventures, with participation from Madrona, SV Angel, Refract Ventures, and South Park Commons.
- The U.S. healthcare system loses over $300 billion each year due to billing errors, undercoding, and preventable claim denials. This significant financial drain often stems from slow,
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
OpenEvidence Secures $210M, Launches Free AI Agent for Clinicians
What You Should Know:
- OpenEvidence, the most widely used medical search and AI application among verified U.S. clinicians raises $210M in Series B funding round, valuing the company at $3.5 billion. The round was co-led by Google Ventures and Kleiner Perkins, with follow-on investment from Series A leader Sequoia Capital, and additional participation from Coatue, Conviction, and Thrive. OpenEvidence has now raised over $300M since its founding.
- OpenEvidence is rapidly
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American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care
What You Should Know:
- Auxira Health, a virtual cardiology platform announced a strategic collaboration with and investment from American Heart Association Ventures™, the venture capital arm of the American Heart Association®. Both organizations share a commitment to improving patient outcomes by better aligning incentives between providers and patients.
- Auxira, initially co-developed by MedStar Health and Abundant Venture Partners, launched earlier this year to address the
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evolvedMD Secures $34M to Expand Integrated Behavioral Health Care Nationwide
What You Should Know:
- evolvedMD, a Collaborative Care Management (CoCM) provider, announced the close of its $34M Series B investment round, led by Sustainable Investing at Goldman Sachs Alternatives. Existing investors Conductive Ventures, FCA Venture Partners, Healthworx Ventures, Tectonic Ventures, and Waterline Ventures also participated in the round.
- The funding will be used to accelerate evolvedMD's mission to increase behavioral health care availability and expand
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Asepha Secures $4M Seed for AI-Powered Pharmacy Operations
What You Should Know:
- Asepha, a fast-growing startup leveraging AI agents for pharmacy automation, today announced the close of its $4 million Seed round, led by Glasswing Ventures and Core Innovation Capital.
- Panache, RedBud, and MGV also participated, with follow-on support from Ripple Ventures and Front Row Ventures.
Asepha Raises the Bar on AI-Driven Pharmacy Automation, Expands Nationwide Footprint
Asepha is redefining pharmacy operations with
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Centivax Raises $45M to Commercialize First Universal Flu Vaccine
What You Should Know:
- Centivax, a biotech company developing durable, universal vaccines, today announced the close of a $45 million Series A led by Steve Jurvetson’s Future Ventures, with participation from NFX, BOLD Capital, Base4, Kendall Capital Partners, Amplify Bio, and existing investors.
- The new funding will advance Centivax’s lead universal flu vaccine candidate through CMC development and into a Phase I trial within eight months.
Centivax Accelerates Universal Vaccine
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Plexāā Closes $4.5M Extension to Bring Wearable Device for Breast Cancer Surgery to U.S.
What You Should Know:
- Plexāā, a pioneering UK-based MedTech startup behind the award-winning BLOOM⁴³ medical device for breast surgery closes $4.5M funding extension round led by TCP Health Ventures. The extension round includes both existing and new investors, including TCP. Further investment comprises over $1.6M in i4i grant funding from the National Institute for Health and Care Research (NIHR), and $1.3M from Thena Capital, a London-based VC firm backed by the British Business
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Rock Health Report: AI Dominates Digital Health Investment in First Half of 2025
What You Should Know:
- The first half of 2025 saw a modest increase in digital health venture funding, reaching $6.4B across 245 deals for US-based digital health companies, according to Rock Health’s latest report on H1 2025 digital health trends.
- The numbers is up from $6B in H1 2024 and $6.2B in H1 2023, signaling a steady venture market that has found its footing post-pandemic. Q2 alone brought in $3.4B, exceeding the average of $2.6B per quarter since Q1 2023.
AI
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Handspring Secures $12M to Expand Youth Mental Health Virtual Therapy
What You Should Know:
- Handspring, a mental health provider specializing in high-quality virtual therapy for youth, young adults, and their families secures $12M in Series A funding led by Cobalt Ventures, with participation from NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels (HPA), Cornucopian Capital, and two health plans.
- The financing will accelerate Handspring's mission to redefine youth mental health care by addressing the
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Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation
What You Should Know:
- Catalio Capital Management, LP (“Catalio”), a healthcare investment firm, today announced the successful close of its fourth venture fund, Catalio Nexus Fund IV (“Fund IV”), with over $400M in commitments across the Fund and its related co-investment vehicles.
- Launched in 2020 by Co-Founders George Petrocheilos and Dr. Jacob Vogelstein, Catalio currently manages $2B in assets across its private equity, private credit, and public equities
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