What You Should Know:
Pelago the leading digital clinic partner to U.S. businesses and health plans for substance use management, today announced $58 million in new funding on the strength of customer growth and validated ROIExisting investor Atomico doubled down to lead this Series C investment on the back of Pelago's impressive growth, with participation from all existing investors Kinnevik AB, Octopus Ventures, and Y Combinator plus new
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Float Secures $10M to Bring Specialty Care Home for Chronic Conditions
What You Should Know:
- Float, a healthcare marketplace focused on delivering in-home care for chronic illnesses, has secured $10M in Series A funding led by Canvas Ventures with participation from Wave Capital, Y Combinator, Burst Capital, and Also Capital. The round also included angel investor participation from several tech industry founders and leaders including Max Mullen, Co-founder of Instacart, Andrew Bartynski, Vice President of Strategy and Operations at ASRI, Brian Pokorny, former
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InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare
What You Should Know:
- InStride Health, a leader in outpatient treatment for childhood anxiety and OCD closes oversubscribed $30M Series B funding round led by General Catalyst with participation from existing investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation.
- The latest investment brings InStride Health's total funding to $56M and will help fuel the company's mission of providing high-quality, accessible mental healthcare to young
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Brightside Health Secures $33M to Expand Access to Mental Healthcare
What You Should Know:
- Brightside Health, a teletherapy provider for depression, anxiety, and other mood disorders, raises $33M in Series C funding led by S32.
- The funding round, which included participation from existing investors alongside new partners like Kennedy Lewis, Time BioVentures, and Anne Wojcicki's Redwood Pacific, will fuel Brightside Health's expansion plans.
- The funding comes on the heels of the company's recent expansion into Medicaid and Medicare programs, along
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Tennr Raises $18M to Fix Fax Problem in Healthcare with AI
What You Should Know:
- Tennr, a New York-based company that automates the messy, painful, manual work holding healthcare organizations back from seeing more patients, increasing revenue, and growing their business raises $18M in Series A funding led by a16z. The latest round brings Tennr's total funding to over $25M.
- The company, founded by a team of Stanford graduates with expertise in machine learning, is tackling the problems caused by fax reliance in healthcare.
The Problem:
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PocketHealth Secures $33M to Expand Medical Image Exchange Platform
What You Should Know:
- PocketHealth, a Toronto, CA-based patient-centric platform for medical image exchange raises $33M USD ($45 million CAD) in Series B funding led by Round13 Capital with participation from Deloitte Ventures, Samsung Next.
- PocketHealth plans to use the latest round of funding to develop its secure platform, streamlining image exchange between patients, providers, and any healthcare facility. In addition, PocketHealth plans to double its workforce and significantly
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Conduce Health Secures $3M for Multi-Specialty Value-Based Care Marketplace
What You Should Know:
- Conduce Health, a healthcare technology company focused on value-based care raises $3M in seed funding led by Connecticut Innovations with participation from AlleyCorp and CityLight.
- With a network of over 150 specialists, Conduce provides a centralized platform for managing specialty care risk, optimizing contracting, and utilizing data science to deliver the right care at the right time.
The Problem: Disconnected Care for Complex Conditions
Value-based
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Cybin Raises $150M to Advance Psychedelic Therapy for Depression
What You Should Know:
- Cybin Inc. (NYSE American: CYBN), a company developing next-generation psychedelic therapies for mental health, has secured $150M in a private placement of common shares led by Deep Track Capital and included participation from other institutional investors. The price per share was set at $0.43, representing a 17% premium over the 10-day volume-weighted average trading price.
- The funding will fuel the development of CYB003, a potential first-in-class psychedelic
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Ultrahuman Scores $35M to Expand Smart Ring for AI-Powered Health Tracking
What You Should Know:
- Ultrahuman, a pioneer in wearable health technology raises $35M in Series B funding led by prominent like Blume Ventures and Steadview Capital.
- Ultrahuman is set to achieve a significant milestone by the end of 2024 – surpassing $100M in annualized revenue run rate (ARR) while remaining profitable.
Building a Multi-Device Health Ecosystem
Ultrahuman: A Multi-Device Ecosystem for Holistic Health
Ultrahuman stands out as a leader in the health-tech
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Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare
What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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