What You Should Know:
- Mantra Health, the preeminent digital mental health clinic focused on young adults, today announced a $22 million Series A investment, led by VMG Partners. The round includes new investors New Market Venture Partners, Elements Health Ventures, 14W, and Alumni Ventures. Returning investors included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments, and City Light Capital.
- The company plans to use the investment proceeds to
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Sema4 Acquires GeneDx for $623M to Strengthen AI-Driven Genomic Platform
What You Should Know:
- Today, Sema4 (Nasdaq: SMFR), a health intelligence company, announced it has signed a definitive agreement to acquire GeneDx, a leader in genomic testing and analysis, at a purchase price representing approximately $623 million, strengthening its market-leading health intelligence and genomic screening offerings.
- The combined company is projected to deliver $350 million in pro forma 2022 revenue. In connection with the acquisition,
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Jumpstart Health Launches $55M Venture Fund for Black Founded Health Startups
What You Should Know:
- Jumpstart Health Investors, announced this week the launch of Jumpstart Nova, the first venture fund to invest in Black founded and led healthcare innovation companies.
- The $55M fund will invest exclusively in Black founder-led healthcare companies across health IT, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness.
Why It Matters
Marcus Whitney, a leader in healthcare innovation
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Verana Health Raises $150M to Expand Real-World Data Network
What You Should Know:
Verana Health, a digital health company that delivers quality drug lifecycle and medical practice insights from an exclusive real-world data network, today announced a $150 million Series E funding round led by Johnson & Johnson Innovation - JJDC, Inc. (JJDC) and Novo Growth, the growth-stage investment arm of Novo Holdings.
- Existing Verana Health investors GV (formerly Google Ventures), Casdin Capital, and Brook Byers also joined the round, as well as notable
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HeyRenee Raises $4.4M for Care Concierge Platform
What You Should Know:
- HeyRenee, the newest health-tech innovation from Dr. Renee Dua and Nick Desai, the founders of Heal, today announced an oversubscribed $4.4M Seed II funding round led by Quiet Capital, with participation from City Light Capital, Fika Ventures, Global Founders Capital, Mucker Capital, SaaS Ventures, and Tau Ventures. HeyRenee has raised a total of $8.2 million and tripled its valuation in just five months.
- Set to launch in early spring 2022, HeyRenee aims
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Chronus Health Raises $22M for Portable, Rapid Blood Analyzer Technology
What You Should Know:
- Chronus Health, a point-of-care diagnostics company raises $22M in Series A funding led by Tarsadia Investments with participation from Monta Vista Capital, SOSV, Savantus Ventures, and an undisclosed strategic investor.
- Chronus intends to use the proceeds of the Series A financing to scale its research, engineering, and data science teams, in addition to accelerating the company’s product and technology development.
Diagnostics on Demand. Reimagined
While
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GrayMatters Health Raises $10M for Biomarker-Based PTSD Therapeutics
What You Should Know:
- GrayMatters Health (GMH), a company set to change the standards of mental health care with biomarker-based therapeutics, beginning with PTSD raises $10 million in Series A funding round led by Otsuka Medical Devices Co., Ltd., bringing total funding to $13.5 million. Additional investors in the Series A round included Joy Ventures, J-Ventures, and J-Impact. Existing GMH investors, Marius Nacht and Joyance Ventures, also
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Headspace Acquires AI Mental Health Startup Sayana
What You Should Know:
- Headspace Health, today announced the acquisition of Sayana, an AI-driven mental health and wellness company. With this acquisition, Headspace Health is expanding its ability to provide highly-personalized mental health care and content to its millions of users in 190+ countries.
- The acquisition comes approx. 6 months after the $3B merger of Headspace and Ginger, and will add further AI capabilities to what is the most accessible and comprehensive digital
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Digital Health Funding Tops $29.1B Across 729 Deals in 2021
What You Should Know:
- Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M.
- The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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Aledade Acquires Advance Care Planning Company Iris Healthcare
What You Should Know:
- Aledade acquires Iris Healthcare, a provider of advanced care planning solutions for tens of thousands of patients across the country. Financial details of the acquisition were not disclosed.
- As Aledade continues to grow exponentially, the company plans to integrate new patient care solutions to help extend the capabilities of its partner primary care practices.
When individuals face a serious illness, healthcare becomes central to their life. In a crisis,
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