What You Should Know:
- Authenticx, the new standard in healthcare for listening to customer voices at scale, today announced $20M in Series B funding led by Blue Heron Capital with participation from Beringea, 50 South Capital, High Alpha, Mutual Capital Partners, Signal Peak Ventures, Allos Ventures, Elevate Ventures and M25.
- The investment comes after a significant year of growth for Authenticx, which saw a 2.5x increase in ARR in 2022 and 64 new employees since July 2021, many
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Startup Velsera Launches to Advance Precision Health Through Data-Driven Solutions
What You Should Know:
- New company Velsera was announced at the J.P. Morgan Healthcare Conference supported by thematic-focused impact fund Summa Equity (“Summa”).
- Velsera sets out to amplify the impact of clinicians, researchers and scientists for the benefit of patients around the world. Velsera creates a software platform out of science, technology, and informatics, making data actionable, accelerating the pace and potential of multi-omics.
- Velsera, headquartered in
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M&A: OpenLoop Acquires Reliant.MD’s Practice Group
What You Should Know:
- OpenLoop Health, a leader in white-label telehealth support services powering virtual and hybrid care across the country, today announced its acquisition of Reliant.MD's practice group. Financial details of the acquisition were not disclosed.
- The acquisition enables OpenLoop to continue to expand the depth of its clinical services and further confirms its place as a leader in digital and hybrid healthcare delivery.
- For Reliant Immune Diagnostics, Inc. the
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Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports
What You Should Know:
- In a downtrodden market climate, things don’t need to feel doom and gloom, according to Rock Health’s Annual 2022 digital health funding report. 2022 was a necessary reminder that investment is cyclical and that strong players build resilience in weathering funding climate changes.
- Analysts expect that 2023 will be built up on slow, steady, and maybe even boring strategies for healthcare startups and enterprises alike: managing cash, restructuring to accommodate
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2022 Healthcare Investment, M&A, IPO Market Trends/Insights
What You Should Know:
- The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each.
- Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market.
Trends and Insights – Healthcare
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Paytient Raises $63M to Expand Health Payment Accounts (HPAs)
What You Should Know:
- Paytient, the creator and leading provider of Health Payment Accounts (HPAs), today announced a $40.5M Series B funding round, bringing the company’s total funding to $63M. The funds, consisting of $33M in equity from new and existing investors and $7.5M in debt from Silicon Valley Bank, will be used to scale growth and product development in 2023 and beyond.
- The round was led by Utah-based growth fund Mercato Partners Traverse Fund, with participation from
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Monogram Health Secures $375M to Expand In-Home Kidney Care
What You Should Know:
- Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company announced a $375M growth funding round that will drive the company’s continued rapid expansion as the leading solution for high-quality, in-home care for polychronic patients living with chronic kidney and end-stage renal disease in the U.S.
- Investors in the round include CVS Health, Cigna, Humana, Memorial Hermann Health System, SCAN, TPG Capital, Frist Cressey
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Backed by CVS Health, Array Behavioral Care Raises $25M for Virtual Psychiatry/Therapy
What You Should Know:
- Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest $25M equity round to further scale modern behavioral healthcare across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital.
- The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to
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Alira Health Secures $58M to Expand Global Growth
What You Should Know:
- Alira Health, a global healthcare advisory, clinical research and technology company, announced it secured an additional $58M in capital funding to accelerate delivery of patient-centric, technology-enabled healthcare solutions. Previously, Alira Health raised $35M in 2021 and $40M in 2022, in two rounds led by Creadev.
- Alira Health is focused on new opportunities brought into effect in the United States by federal rules preventing the blocking of electronic
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KeyCare Completes $27M Round to Expand Epic-based Virtual Care Platform
What You Should Know:
- KeyCare, Inc., the nation’s only virtual-first care platform built with Epic, announced the completion of its Series A funding round following new investments from Ziegler and two additional health systems. This expanded backing brings KeyCare's total Series A raise to over $27 million.
- These investors join 8VC, LRVHealth, Bold Capital, and Spectrum Health Ventures in support of KeyCare's mission to improve patient access, expand
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