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

Little Otter Raises $22M to Expand Pediatric Mental Health Platform

by Fred Pennic 01/06/2022 Leave a Comment

Little Otter Raises $22M to Expand Pediatric Mental Health Platform

What You Should Know: - Little Otter today announced a $22 million Series A raise - one of the largest rounds for a children’s mental health company at this stage - led by CRV. - The mental health startup provides a full umbrella of services to children and their families in a number of states and will use the investment to scale nationally by 2023. Little Otter, a San Francisco, CA-based digital mental health company to provide tools and treatment for both children and their
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Protai Nabs $8M for AI-Powered Drug Discovery Platform

by Fred Pennic 01/05/2022 Leave a Comment

Protai Nabs $8M for AI-Powered Drug Discovery Platform

What You Should Know: - Protai, a Tel Aviv, Israel-based AI-powered drug discovery startup, today announced its emergence from stealth, along with an $8 million seed financing round co-led by Grove Ventures and Pitango HealthTech. - Protai empowers drug discovery with proteomics and artificial intelligence to unlock new layers of biological insights and to combat complex diseases. Proteomics-based Platform for Faster and More Accurate Drug Discovery Despite the significant
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Caira Surgical Secures $5M for Robotic Solutions for Joint Replacement Surgery

by Jasmine Pennic 01/04/2022 Leave a Comment

Caira Surgical Secures $5M for Robotic Solutions for Joint Replacement Surgery

What You Should Know: - Caira Surgical, a revolutionary computer-assisted navigation system for joint replacement surgery raises $5M from series seed investors to include a leading OUS Strategic and several MedTech venture funds. These include U.S.-based Mountain State Capital; Amsterdam-based Snowboat BV, a Dutch fund formed by the founders of Avania Clinical (previously Factory-CRO); and Grenoble, France-based Haventure, founded by Stephane Lavallee, Ph.D. Dr. Lavallee is also the Founder
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Equality Health Announces New Investment from Governor Jeb Bush-Led Firm

by Jasmine Pennic 12/20/2021 Leave a Comment

Equality Health Announces New Investment from Governor Jeb Bush-Led Firm

What You Should Know: Equality Health receives an infusion of capital from Governor Jeb Bush-led firm to accelerate its national expansion of the company’s value-based primary care platform. Equality Health, a Phoenix, AZ-based value-based care organization uniquely equipped to address the needs of diverse and historically underserved populations, today announced an equity investment from Finback Investment Partners. Finback’s leadership team consists of Co-Founders and Managing
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Medicare Transformation Company Ilumed Raises $16.5M to Expand DCE Services

by Fred Pennic 12/15/2021 Leave a Comment

Medicare Transformation Company Ilumed Raises $16.5M to Expand DCE Services

What You Should Know: - Ilumed, a Medicare transformation company focused on assisting patients to achieve their healthiest lives by driving lower cost, better quality and more equitable healthcare outcomes raises $16.5M in Series A funding led by Ascend Partners. - Ilumed is one of fifty-three Direct Contracting Entities approved by the Centers for Medicare & Medicaid Services as part of CMS’s Global and Professional Direct Contracting Model, which was designed to enhance care quality
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Innovaccer Raises $150M at $3.2B Valuation to Expand Health Cloud Platform

by Fred Pennic 12/15/2021 Leave a Comment

Innovaccer Raises $150M at $3.2B Valuation to Expand Health Cloud Platform

What You Should Know: - Innovaccer raises $150M Series E round at a $3.2B valuation as health systems adopt its Innovaccer Health Cloud to accelerate digital transformation. - Launches new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases. Innovaccer Inc. a Silicon Valley-based healthcare data platform company, announced a $150 million Series E round at a $3.2 billion valuation led by Mubadala Capital, with
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Ophelia Raises $50M to Expand Its Novel Approach to Opioid Addiction Treatment

by Fred Pennic 12/14/2021 Leave a Comment

Ophelia Raises $50M to Expand Its Novel Approach to Opioid Addiction Treatment

What You Should Know: - Ophelia announced its $50 million Series B funding round, led by Tiger Global to expand access to medication-assisted treatment (the CDC’s recommended first-line treatment) to more people with opioid use disorder. - Funding will enable Ophelia to become a national provider, integrate with additional payors and partners, and grow its clinician support platform. Ophelia, an NYC-based digital provider of medication-assisted treatment (MAT) for opioid use disorder
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UpLift Raises $8M to Integrate Psychiatry with Mental Healthcare Delivery Platform

by Jasmine Pennic 12/14/2021 Leave a Comment

UpLift Raises $8M to Integrate Psychiatry with Mental Healthcare Delivery Platform

What You Should Know: - UpLift, a vertically integrated mental healthcare delivery platform raises $8M in secondary funding which they plan to allocate to expand their hybrid model services to include psychiatric treatments in an effort to close the behavioral healthcare gap and optimize the appropriate plan of care. UpLift, the first vertically integrated mental healthcare delivery system, announced their expansion into psychiatry as well as the closing of $8M in secondary funding led
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Clearlake Capital-Backed Dude Solutions Acquires Facility Health Inc.

by Fred Pennic 12/14/2021 Leave a Comment

Clearlake Capital-Backed Dude Solutions Acquires Facility Health Inc.

What You Should Know: - Dude Solutions, a Clearlake-backed software company acquires Facility Health (FHI), a technology that helps healthcare organizations manage assets and facilities.  Today, Dude Solutions, the leading SaaS provider of cloud-based operations management solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced it has acquired Michigan-based Facility Health, Inc.
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Xandar Kardian Raises $10M for Contactless Health Monitoring

by Fred Pennic 12/14/2021 Leave a Comment

Xandar Kardian Raises $10M for Contactless Health Monitoring

What You Should Know: - Toronto-based startup Xandar Kardian raises $10M to empower digital automation of building control and contactless measurement of vital biomarkers. Xandar Kardian, a Toronto-based digital health startup announced today that it closed a $10 million Series A funding round led by Phoenix Venture Partners, Portfolia Active Aging & Longevity Fund and Taronga Ventures. Digital Automation with Radar Accuracy The occupancy sensor market is
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