What You Should Know: - AKASA (formerly known as Alpha Health), a South San Francisco, CA-based Unified Automation™ company for revenue cycle management in healthcare, announced it has raised $60 million in its series B round of funding. - Founded in 2018, AKASA uses the same machine learning approaches that made driverless cars possible to provide health systems with a single solution for automating revenue cycle operations. AKASA’s unique expert-in-the-loop approach combines modern
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AppliedVR Lands $29M for VR Platform to Treat Chronic Pain
What You Should Know: - AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai, will fuel the company’s growth as it pursues full FDA approval over the next year. - Founded in 2015, AppliedVR provides
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bene : studio Launches HealthTech Product Accelerator Starting April 1st
What You Should Know: - bene : studio, a San Francisco, CA-based global digital product consultancy, announced its non-equity, online HealthTech Product Accelerator, starting on April 1st. The accelerator will focus exclusively on the enhancement of the participating companies' design and technology. - This accelerator is tailored to advanced Health Tech startups with $1M+ yearly revenue or overall funding, with programs including, but not limited to, Telehealth, IoMT devices, Biotech, and
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Reperio Health Raises $6M to Expand At-Home Wellness Kits to Employer Market
What You Should Know: - Portland, Oregon-based Reperio Health announced it has raised $6M in seed funding co-led by Caduceus Capital Partners in Nashville, Tenn., and Rogue Venture Partnersin Portland, Ore., with additional investment from Liquid 2 Ventures and G Ventures, both out of the San Francisco Bay Area. - Reperio’s patent-pending at-home health assessment brings a broad range of screenings right to peoples’ doors.
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Modern Health Raises $74M Reaching $1.17B Valuation for Mental Health & Wellness Platform
What You Should Know: - Modern Health raises an additional $74M in Series D funding, now valuing the company at $1.17 billion. - Modern Health’s comprehensive mental health and wellness platform combines the WHO well-being assessment, self-service wellness kits, a global network of certified coaches, and licensed therapists available in 35 languages all available in a single app. Modern Health, the mental health and wellness platform supporting 220+ enterprises globally, today
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Syapse Lands $68M to Expand Global Precision Oncology Data Sharing Network
What You Should Know: - Syapse raises 68M in equity investment led by Ally Bridge Group (ABG), with Northpond Ventures to expand delivery of real-world evidence through Syapse’s Learning Health Network. - The Syapse Learning Health Network is a global precision oncology data sharing network, improving cancer care across communities by using real-world data to support clinical decisions. Syapse, a San Francisco, CA-based real-world evidence company accelerating the delivery
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Modern Health Acquires Mental Health Startup Kip to Expand Data-Driven Capabilities
What You Should Know: - Modern Health acquires San Francisco-based mental health startup Kip to expand the data-driven capabilities of its mental health and wellness platform supporting 200+ enterprises globally. - Founded in 2015, Kip connects users with qualified therapists and arms them with the tools to track observations, feedback, and outcomes about their mental health journey. By combining therapy with a mobile app that allows patients to engage with resources and maintain
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Illumina, Sequoia Capital China Launches Genomics Incubator in China
What You Should Know: - Illumina and Sequoia Capital will collaborate to build an ecosystem for life science startup companies advancing breakthrough applications in genomics. - Sequoia Capital China Intelligent Healthcare Genomics Incubator, Powered by Illumina will leverage the expertise of Illumina for Startups in building genomics companies with the unparalleled track record of Illumina Accelerator in San Francisco Bay Area and Cambridge, UK. - Sequoia Capital China will dedicate to
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025. Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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Pair Team Emerges Out of Stealth with $2.7M to Automate Primary Care Operations
What You Should Know: - San Francisco-based digital health startup Pair Team
emerges out of stealth with $2.7M in seed funding backed by Kleiner Perkins,
Craft Ventures, & YC. - Pair Team provides both a remote team and AI that automates workflows, provides infrastructure & improves medical practices — efficiencies and billing as you’d expect, but all driving toward value-based, quality patient care. - Pair’s wrap-around technology tripled the rate of annual wellness visits
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