What You Should Know: - Consumer genetics and research company 23andMe, today announced a definitive merger agreement with Lemonaid Health, Inc., an on-demand platform for accessing medical care and pharmacy services online. - As part of the merger agreement, 23andMe acquired Lemonaid Health for $400M, of which 25% will be paid in cash and 75% in shares of 23andMe Class A Common Stock. The acquisition is expected to close by the end of 2021. - The acquisition adds Lemonaid Health’s
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Lemonaid Health
Israeli Digital Health VC Firm OTV Closes $170M Venture Fund
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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Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform
What You Should Know: - Lemonaid Health, a direct to consumer telehealth company raises $33M in Series B funding to expand the company’s medical team and number of services being offered to patients. - To date, the company has treated more than a million patients online for a variety of medical conditions ranging from erectile dysfunction to sinus infections to depression and anxiety for roughly $25/visit (less than a typical co-pay). Lemonaid Health, a convenient, affordable,
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Scanwell Health Launches Clinical-Grade Rapid At-Home COVID-19 Test Kits
What You Should Know: - Scanwell Health announced the first clinical-grade rapid at-home test for COVID-19. - Scanwell secures exclusive rights to license China FDA-cleared rapid serology test from INNOVITA; Partners with nationwide telehealth provider Lemonaid Health to distribute smartphone-enabled tests to individuals in the U.S. - After a quick screening, eligible patients are sent a kit via next-business-day delivery. Patients take the test at home and
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Scanwell Health Launches Smartphone-Enabled At-Home Test & Treatment for UTIs, Raises $3.5M
- Scanwell Health announces the nationwide launch of smartphone-enabled test and treatment service for urinary tract infections via partnership with Lemonaid Health. - Company also announces $3.5 million in seed financing from investors including Founders Fund, Mayfield, DCM, Version One, Y Combinator, and Joe Montana’s Liquid 2 Ventures.Scanwell Health, a Los Angeles, CA-based modern diagnostics company dedicated to making healthcare more convenient and accessible, announced that its at-home
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Lemonaid Health Raises $11M for $15 On-Demand Virtual Doctor Visits
Lemonaid Health, a San Francisco, CA-based telehealth startup, has raised $11 million in Series A funding led by Novartis Venture Fund and Hikma Ventures and joined by Correlation Ventures, Adaptive Healthcare Fund, Vega Ventures and 415 Ventures.Founded in 2013 by Co-Founders Ian Van Every and Paul Johnson, Lemonaid Health leverages evidence-based guidelines to get a doctor’s prescription for certain conditions like acid reflux, acne, flu, sinus infection, urinary tract infections, hair loss,
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