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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant

Ro Raises $150M, Launches New Digital Clinic for Skincare

by Fred Pennic 02/15/2022 Leave a Comment

Ro Raises $150M, Launches New Digital Clinic for Skincare

What You Should Know: - Ro raises $150M in new funding led by ShawSpring Partners, with participation from General Catalyst, FirstMark Capital, TQ Ventures, SignalFire, BoxGroup, The Chernin Group, Initialized Capital, Altimeter Capital, Baupost Group, and Seven Seven Six. - Ro also announced today the launch of Ro Derm -- a digital clinic for skincare and the latest Ro-branded offering following the launch of Ro Mind, a digital clinic for mental health, and Ro Pharmacy, a cash-pay online
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LifeSpeak To Acquire Wellbeats for up to $92.5M

by Fred Pennic 02/14/2022 Leave a Comment

LifeSpeak To Acquire Wellbeats for up to $92.5M

What You Should Know: - LifeSpeak Inc. (TSX: LSPK), today announced it will acquire Wellbeats Inc., an on-demand physical well-being platform, for up to $92.5M USD. As the leader in mental health and total wellbeing for employers, this acquisition enables LifeSpeak to meet the rapidly growing demand for a comprehensive, single-vendor solution that addresses both mental and physical health support needs. - Wellbeats, a Minnesota-based market-leading provider of an on-demand,
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Variantyx Secures $41.5M for Genetic Testing and Personalized Medicine

by Fred Pennic 02/14/2022 Leave a Comment

Variantyx Secures $41.5M for Genetic Testing and Personalized Medicine

What You Should Know: - Variantyx, a technology-driven precision medicine company providing advanced genomic testing for the rare genetic disorders, reproductive health, and precision oncology markets, today announced they have secured $41.5M in C-2 funding led by New Era Capital Partners and includes Peregrine Ventures, Robert Bosch Venture Capital, 20/20 HealthCare Partners, and Pitango HealthTech. - Founded in 2014, the Variantyx proprietary whole genome sequencing and analysis
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Respira Labs Secures $2.8M to Expand Clinical-Grade Respiratory Health Wearable

by Jasmine Pennic 02/10/2022 Leave a Comment

Respira Labs Secures $2.8M to Expand Clinical-Grade Respiratory Health Wearable

What You Should Know: - Respira Labs, a Latina-led medical technology company specializing in respiratory care, today announces it has closed $2.8M to continue to develop and produce its clinical-grade respiratoryhealth wearable that uses acoustic resonance to assess lung function and identify changes in lung air volume, which is especially critical for COPD, COVID-19 and asthma patients. - Respira Labs raised $1 million in pre-seed funding led by Zentynel Frontier Investments with
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Radial Analytics Raises $3M to Optimize Patient Care Transitions

by Jasmine Pennic 02/10/2022 Leave a Comment

Radial Analytics Raises $3M to Optimize Patient Care Transitions

What You Should Know: - Radial Analytics, a Concord, MA-based company optimizing patient care transitions with real-time decision-support solutions for payers and providers, today announced it has raised $3M in funding led by Initialized Capital. - The company plans to utilize the funds to grow our team and build on our growing customer traction with Medicare Advantage plans and hospital systems in value-based care delivery contracts. Intervene when it Matters Most Many patients
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LifeOmic Acquires Bavard, an Enterprise-Grade Conversational AI Platform

by Fred Pennic 02/10/2022 Leave a Comment

LifeOmic Acquires Bavard, an Enterprise-Grade Conversational AI Platform

What You Should Know: - LifeOmic, a software company that leverages the cloud, machine learning and mobile devices to power precision health and wellness solutions announced it has acquired Bavard, a Utah-based conversational artificial intelligence (AI) company offering intelligent digital assistants and platforms. Financial details of the acquisition were not disclosed. - The acquisition comes as AI technology has experienced widespread adoption in the health care space, a trend
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Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

by Fred Pennic 02/09/2022 Leave a Comment

Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

What You Should Know: - Scopio Labs, provider of the world's first full-field digital cell morphology solution, today announced a $50M investment for its end-to-end hardware and software platform for digitizing, quantifying and analyzing hematology and other digital cytology samples. - The Series C round included OurCrowd, Aurum Ventures, Mizrahi-Tefahot Bank Invest and Ilex Medical, with the participation of strategic investors operating in the field and existing
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Koda Health Raises $3.5M to Expand Advance Directives Platform

by Fred Pennic 02/07/2022 Leave a Comment

Koda Health Raises $3.5M to Expand Advance Directives Platform

What You Should Know: - Koda Health, a Houston, TX-based advance directives platform empowering patients to take control of their healthcare journey raises $3.5M in seed funding led by Ecliptic Capital alongside participation from Headwater Ventures, Sigmas Capital, CRCM, and a number of angel investors. The funding will be used to double the size of Koda's team over the next six months and expand operations to all 50 states.  - Most commonly found Advance Directives are not detailed
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ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors

by Fred Pennic 02/03/2022 Leave a Comment

ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors

What You Should Know: - ConcertoCare, a value-based care provider of at-home care for seniors and other adults with unmet health and social needs raises $105M in Series B funding led by Wells Fargo Strategic Capital. The round also includes investments from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management. The funding announcement comes on the heels of ConcertoCare acquiring home-based
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Neura Health Raises $2.2M to Expand Virtual Neurology Clinic

by Fred Pennic 02/02/2022 Leave a Comment

Neura Health Raises $2.2M to Expand Virtual Neurology Clinic

What You Should Know: - Created to close the massive access and quality gap in neurological care, Neura Health announced it has raised $2.2M in seed funding from investors Pear VC (Doordash, Guardant Health), Norwest Venture Partners (Calm, Talkspace), Global Founders Capital, Index Ventures (Figma, Robinhood),  digital health expert Nikhil Krishnan, and Next Play Ventures, the fund of former LinkedIn CEO Jeff
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