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

Femtech Company illumigyn Raises $33M for Remote Gynecological Platform

by Fred Pennic 11/03/2021 Leave a Comment

Femtech Company illumigyn Raises $33M for Remote Gynecological Platform

What You Should Know: -  Femtech company illumigyn, the world’s first remote gynecological imaging platform, today announced that it has raised $33M from Yozma Group Korea and Ubicom Holdings Japan. - . The first FDA-cleared remote gynecological platform, the Gynescope™, digitally documents the cervix, vagina, and external genitalia. High-quality resolution and superior magnification enhance details beyond the capabilities of traditional cervix exams, enabling more accurate pap
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Wellinks Secures $25M to Expand Virtual COPD Management Solution

by Jasmine Pennic 11/03/2021 Leave a Comment

Wellinks Secures $25M to Expand Integrated Virtual COPD Management Solution

What You Should Know: Wellinks, a digital health company for virtual COPD, announced it has closed a $25M funding round, led by new investor Morningside Venture Investments and joined by returning investors HighCape Capital, Connecticut Innovations, Benslie Ltd., and Stonehenge Capital. - COPD is the third leading cause of death by disease in the U.S. and the fifth most costly chronic condition, with an estimated $49.9 billion spent annually. Unfortunately, the current care system for COPD
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LightForce Orthodontics Secures $50M for Customized, 3D Printed Orthodontic Solutions

by Fred Pennic 11/02/2021 Leave a Comment

LightForce Orthodontics Secures $50M for Customized, 3D Printed Orthodontic Solutions

What You Should Know: - LightForce Orthodontics, makers of the world’s only fully customizable 3D printed braces system, today announced that the company raised a $50 million Series C round led by Kleiner Perkins. Previous LightForce investors also participated in this round, including Matrix Partners, Tyche Partners, and AM Ventures. - The new funds will allow LightForce to offer training and education to orthodontists so that they are maximizing the technology for their patients while
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Livongo Exec Launches FemTec Health with $38M to Transform Healthcare Experience for Women

by Fred Pennic 10/28/2021 Leave a Comment

Livongo Exec Launches FemTech Health with $38M to Transform Healthcare Experience for Women

What You Should Know:  - Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women.  - Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
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Hinge Health Reaches $6.2B Valuation with $600M for Digital Musculoskeletal Care Solution

by Fred Pennic 10/28/2021 Leave a Comment

Hinge Health Reaches $2.6B Valuation with $600M Funding Round for Digital Musculoskeletal Care Solution

What You Should Know: - Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced $400 million Series E financing led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. At a $6.2 billion-dollar valuation, Hinge Health is now one of the most valuable companies in digital health. - Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable
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Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform

by Fred Pennic 10/26/2021 Leave a Comment

Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform

What You Should Know: - Decentralized Clinical Trials (DCT) leader Medable, today announced a $304M Series D funding round today – the company’s largest and fourth funding round in 18 months, bringing total capital raised to $521M – and valuation to $2B+. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing investor GSR Ventures. The round also includes follow-on investment from existing investors Sapphire
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Patina Emerges Out of Stealth with $50M to Reinvent Primary Care & Aging Experience

by Fred Pennic 10/26/2021 Leave a Comment

Patina Emerges Out of Stealth with $50M to Reinvent Primary Care & Aging Experience

What You Should Know: - Patina Health Inc. (PatinaTM) came out of stealth today to announced its $57M Series A round from healthcare investors Andreessen Horowitz (a16z) and GV (formerly Google Ventures), who co-led the Seed and Series A rounds, as well as F-Prime, Rock Springs Capital, Viking Global Investors and others. - Patina has created a new model of primary care, in collaboration with Patina Medical Group, to profoundly improve the healthcare and aging experience for
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Anomaly Secures $17M to Expand Precision Payment Platform to Improve Payment Accuracy

by Fred Pennic 10/26/2021 Leave a Comment

Anomaly Secures $17M to Expand Precision Payment Platform to Improve Payment Accuracy

What You Should Know: - Anomaly, a precision payments platform using artificial intelligence (AI) to improve payment accuracy in the healthcare industry, today announced $17M in series A and seed funding. The series A was led by RRE Ventures and included participation from Link Ventures and existing investors Madrona Venture Group, Declaration Partners, and Redesign Health. - Anomaly plans to use today’s funding to grow its team, invest further in product development, and expand its market
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Brave Health Raises $10M for Virtual Behavioral Health for Medicaid

by Jasmine Pennic 10/26/2021 Leave a Comment

Brave Health Raises $10M for Virtual Behavioral Health for Medicaid

What You Should Know: - Brave Health, a Miami-based virtual behavioral health provider for Medicaid, today announced it has closed a $10M Series B round ($20.75M in total) led by City Light Capital, Union Square Ventures and Able Partners, bringing its total funding to $20.75M. - Today, access to basic behavioral health services for the nation’s most vulnerable populations is a public health crisis. The percentage of psychiatrists accepting
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Arine Raises $11M to Scale AI-Driven Medication Optimization Platform

by Jasmine Pennic 10/26/2021 Leave a Comment

Arine Raises $11M to Scale AI-Driven Medication Optimization Platform

What You Should Know: - Arine, a San Francisco-based AI-driven platform that optimizes medication management, reduces costs and improves outcomes for health plans and providers today announced that it closed $11 million in an oversubscribed Series A round co-led by 111° West Capital Partners and Katalyst Ventures, with strategic investments from Magellan Health Inc. and SCAN Group. - Medication mismanagement unnecessarily costs healthcare $1 in every $6 spent. Arine optimizes
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