What You Should Know:
- OTV (formerly Olive Tree
Ventures), Israel’s ‘digital health first’ venture capital firm closes $170
million venture fund to support innovative digital health companies worldwide.
- OTV also announced today a new China
office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia
Pacific.
OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
London-Based uMed Secures $4.8M to Automate & Advance Clinical Research Registries
What You Should Know:
- London-based uMed has raised nearly $4.8m in venture
capital funding to help healthcare providers in the UK and US participate in
more clinical studies.
- The funding will enable uMed to grow its innovative platform which automates processes in running clinical research registries while ensuring regulatory compliance. Its platform can link some of the richest sources of healthcare data and drive a step-change in how clinical and real-world research is
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Virta Health Reaches Unicorn Status After Raising $65M to Reverse Type 2 Diabetes
What You Should Know:
- Virta just
closed a $65 Series D round, to scale its virtual clinic and approach to
reversing chronic metabolic conditions (T2D, prediabetes, and obesity) to the
masses.
- The financing, led by Sequoia Capital Global Equities,
also hurdles Virta well into unicorn territory ($1.1B+ valuation), recognizing
pre-pandemic growth that has accelerated during the COVID era.
Virta Health, a
San Francisco, CA-based company delivering the first
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Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform
What You Should Know:
- AI workforce management for healthcare provider Olive lands an additional $225.5M in funding, bringing the company’s valuation to $1.5B.
- This latest funding round will enable
Olive to accelerate product development, and the company plans to announce more
capabilities in 2021 to support the entire healthcare ecosystem.
Olive,
the company creating the AI workforce for healthcare, today
announced an additional $225.5M in financing led by Tiger Global
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Proscia Secures $23M for AI-Enabled Digital Pathology Solutions
What You Should Know:
- Proscia secures $23M in Series B
funding led by Scale Venture Partners for its AI-enabled digital pathology
solutions.
- Proscia will use the funding to expand its AI application portfolio, boost commercial expansion, and advance its regulatory strategy to secure FDA approval.
Proscia, a Philadelphia-based provider of digital and
computational pathology solutions, today announced it has secured $23M in
Series B funding led by Scale
Venture
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Microsoft’s Venture Fund Invests in Andor Health’s Virtual Health Platform
What You Should Know:
- M12, Microsoft’s venture fund invests
in Andor Health’s AI-driven virtual health platform.
- The funds will be used for accelerating
sales and marketing by expanding into new markets beyond the U.S. Additionally, the funds will be leveraged for
investing in enhanced R&D engineering.
Andor Health, the company that harnesses machine and human intelligence to change the way care teams connect and collaborate, announced a
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Israeli Digital Health Startup G Medical Innovations Withdraws $30M US IPO
What You Should Know:
- Israeli-based G Medical Innovation has withdrawn its plans for an initial public offering (IPO) on Tuesday, Nasdaq first reports.
- The company originally filed
an IPO to raise $30 million by offering 5 million shares at a price range of $5
to $7 last month to list on the Nasdaq under the symbol GMVD.
- The recent withdrawal marks the company's second
attempt to go public in the US, previously filing in May 2019 and withdrawing
the following August. The company
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Well Health Nabs $45M to Expand Intelligent Communications Hub
What You Should Know:
- WELL Health raises $45M in Series C funding to
transform patient communication for healthcare providers, payers, and ACOs.
- WELL Health enables conversations between patients and
healthcare organizations through secure, multilingual messaging in the
patient’s preferred communications channel: texting, email, telephone, and live
chat.
Well Health Inc., a Santa
Barbara, CA-based provider of patient communications, today announced a $45
million Series C
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Medable Raises $91M for Global Decentralized Clinical Trials Platform
What You Should
Know:
Medable announced
$91 million in new funding to accelerate the life sciences industry’s shift to
digital and decentralized clinical trials, bringing Medable’s total capital
raised to more than $136M.
- Medable has played a pivotal role in enabling clinical trials during the COVID-19 pandemic, facilitating the continuation of existing research via remote care as well as accelerating the development of vaccines and therapeutics for COVID-19.
Medable,
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Spring Health Secures $76M to Modernize Employee Behavioral Health Benefits
What You Should Know:
- Spring Health raises $76M to help employers modernize
their behavioral health benefits with the most comprehensive solution for
employee mental well-being.
- Spring Health provides a single front door to any type
of care — from digital exercises to ancillary employee assistance program (EAP)
services, to coaching, therapy, or medication — leading to faster outcomes,
higher engagement, and healthier, happier employees.
Spring Health, a
leading provider of
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