What You Should Know:
- Lightstone Ventures today announced the closing of Lightstone Ventures III with $375M in capital commitments, to invest in early-stage companies developing high-impact therapeutics and technologies.
- The new fund was oversubscribed, exceeding the firm’s targeted raise, and included strong support from both new and existing limited partners. With the closing Fund III, Lightstone Ventures also announced the appointments of Christina Isacson, Ph.D., as Partner and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Femtech Startup Babyscripts Secures $12M for Virtual Maternity Care Solution
What You Should Know:
- Babyscripts, a Washington D.C.-based virtual care platform for managing obstetrics, announced it has raised $12M in Series B funding led by MemorialCare Innovation Fund, a strategic healthcare investment company, and will focus on the rollout of Babyscripts Virtual Maternity Care solution to providers across the US, as well as the development of care models specifically targeted to payers. Other investors in the Series B round include Philips and the CU Healthcare
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Eleos Health Raises $6M to Expand VoiceAI-Powered Behavioral Health
What You Should Know:
- Eleos Health, a digital health startup transforming behavioral healthcare with voice-based AI insights, today announced the close of $6M in seed funding to develop and launch their new category of automated health tech solutions that accelerate clinicians’ decision making led by aMoon Fund with participation from lool ventures, who led the company’s pre-seed round, and Gandyr Group, alongside Arkin Holdings, Geingels and former c-suite and executives from Google, MIT
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Neuroglee Raises $10M to Develop Virtual Neurology Clinics with Mayo Clinic, Others
What You Should Know:
- Neuroglee, a Boston, MA-based provider of personalized evidence-based digital therapeutics (DTx) and virtual care solutions, today announced it has raised $10M in Series A funding led by OpenSpace Ventures with participation by EDBI.
- Neuroglee Therapeutics discovers, develops and commercializes personalized evidence-based digital therapeutics (DTx) and virtual care solutions to treat and manage patients with neurodegenerative diseases. Neuroglee’s adaptive
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Solv Raises $45M to Expand Same-Day Appts & Virtual Care Options Nationwide
What You Should Know:
- Solv (Solv Health), a San Francisco, CA-based national network of healthcare providers making same-day and next-day healthcare accessible to anyone, announced it has raised $45M in Series C funding led by Acrew Capital and Corner Ventures. The Series C round also included participation from prior investors Greylock Partners and Benchmark Capital.
- The funding will support Solv's expansion of its national network of healthcare providers, consumer-driven
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Ellipsis Health Secures $26M to Power AI-Powered Voice Biomarker for Mental Health
What You Should Know:
- Ellipsis Health, a San Francisco-based pioneer of the first voice vital sign to quantify and manage depression and anxiety at scale has raised $26M in Series A funding led by SJF Ventures with participation from several investors. The Series A investment round brings Ellipsis Health’s total funding to $31 million.
- Founded in 2017, Ellipsis Health has pioneered an artificial intelligence-powered, speech-based vital sign to quantify and manage depression and anxiety
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Accenture Names 8 Finalists for HealthTech Innovation Challenge
What You Should Know:
- Accenture announced eight finalists for its fifth annual Accenture HealthTech Innovation Challenge-North America, a competition that supports new and novel solutions from startups to improve the way people access, manage and finance healthcare in North America.
- The finalists will participate in the final round and awards ceremony at a virtual event to be held on September 28, 2021. The judging panel will comprise executives from globally recognized health and
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Fresenius Medical Invests Additional $25M in Biotech Platform Humacyte
What You Should Know:
Fresenius Medical Care (FMC) today announced its plans to invest an additional $25 million in clinical-stage biotechnology platform company Humacyte following the extension of its collaboration in June. Fresenius Medical Care acquired a stake in Humacyte in 2018 for $150M as part of a strategic partnership.
Following the merger of Humacyte with a special purpose acquisition company (SPAC), FMC is increasing its position in the newly combined
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Sanas’ Accent-Matching Solution for BPOs Launches with $6M
What You Should Know:
- Today Sanas.ai – which has been operating under stealth for a couple of years – is launching and announcing seed funding. Their AI platform for audio matches the accent of the person you're speaking with to yours with no perceptible lag time. Top venture funds investing in the company's $5.5 million seed round include Human Capital, General Catalyst, Quiet Capital, and DN Capital. Speech industry veterans joining Sanas' Board of Advisors include Wendell Brown
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How Pharma Startups Can Remain Competitive in Today’s Market
Challenging the status quo is never easy. Neither is being the underdog. Startups face both of these challenges when trying to break into existing industries dominated by well-established players.
Differences in the size, speed, processes, and culture of a company make it challenging for all startups to compete, regardless of the industry. For newcomers or smaller startups in their respective industries, this competition may seem daunting and the road to funding difficult, but this
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