What You Should Know:
- Faro Health, a cloud-computing company that is developing digital infrastructure for smart clinical trials raises $20M in Series A funding led by General Catalyst to help scale the digital transformation of clinical trials––essentially making it easier and quicker for drug developers to greatly reduce the cost and time of trials.
- The round also included participation from previous investors Section 32, Polaris Partners, Zetta Ventures, and Northpond Ventures.
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Polaris Partners
FOLX Health Raises $30M, Launches Expert-Led Support Groups for LGBTQIA+ Community
What You Should Know:
- FOLX Health, the first digital healthcare service provider designed by and for the medical needs of the LGBTQIA+ community, today announced $30M in new financing led by 7wireVentures, with participation from new investor Foresite Capital and existing investors, including Bessemer Venture Partners, Define Ventures, and Polaris Partners.
- Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join FOLX Health’s Board
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Nomad Health Raises $105M to Expand Marketplace Beyond Travel Nurses
What You Should Know:
- Nomad Health, a leading digital marketplace for temporary healthcare jobs, today announced the closing of a $105M financing co-led by Adams Street Partners and Icon Ventures. New equity investor HealthQuest Capital committed the largest sum and was joined by existing investors Polaris Partners, .406 Ventures, AlleyCorp, and RRE Ventures, and new debt providers J.P. Morgan and Trinity Capital. This brings Nomad’s total funding to over $200M since its founding in
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Podimetrics Secures $45M for SmartMat to Prevent Diabetic Amputations in High-Risk Patients
What You Should Know:
- Podimetrics raises $45M to help at-risk providers and health plans prevent diabetic amputations in high-risk patients.
- With this latest round of funding, Podimetrics plans to focus on hiring to build out their product development and research teams, while also expanding the breadth of services delivered by their nurse support team.
Podimetrics, a care management company with the leading solution to help prevent costly and deadly diabetic foot ulcer (DFUs)
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Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers
What You Should Know:
- Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a year after the company launched, and only 3 months after a Series A extension.
- Cohere Health’s AI-based, fully
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands
What You Should Know:
- Direct-to-consumer telehealth company Thirty Madison raises
$47M in Series B round from Johnson & Johnson and Polaris Partners.
- Thirty Madison's three portfolio brands — Keeps, Cove,
and Evens — enables patients to easily access specialist-level care
combined with the convenience of telemedicine and treatment delivery.
Thirty
Madison, a New York City-based digital health
company reinventing the patient experience
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Quartet Health, Cambia Health Solutions Partner to Bring AI-Enabled Platform to Cambia’s Members
- Quartet is partnering with Cambia Health Solutions to bring its AI-enabled platform to Cambia's members so they can get better access to mental healthcare.- Additionally, Echo Health Ventures, a strategic collaboration of Cambia and Mosaic Health Solutions made an investment in Quartet.Today Quartet, a healthcare technology and services company, announced a new partnership with Cambia Health Solutions to help improve the lives of people with mental health conditions. Cambia’s regional health
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Nomad Health Raises $34M to Disrupt Healthcare Staffing Industry
Nomad Health, an NYC-based on-demand medical jobs marketplace platform has raised $34M in new equity and debt financing led by Icon Ventures. The financing also includes additional investment from prior investors Polaris Partners, RRE Ventures, .406 Ventures, and Silicon Valley Bank. Nomad’s mission is to revolutionize healthcare staffing by creating the first online marketplace for healthcare jobs and by bringing the gig economy to healthcare – it is disrupting a multibillion-dollar industry in
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Centene Leads $60M Round for Behavioral Health Platform Quartet
Quartet, an NYC-based innovative healthcare technology, and services company has announced a strategic partnership with Centene Corporation to ensure the most vulnerable populations have access to mental healthcare. In addition, Quartet has raised $60 million in Series D funding led by Centene Corporation, and returning investors F-Prime Capital Partners, GV (formerly Google Ventures), Oak HC/FT, and Polaris Partners. The latest round brings total funding raised to date to $153M.Growing Focus on
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