Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Global Digital Health VC Funding Breaks $5.1B in First Half of 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $5.1 billion in the first half of 2019, according to market research firm Mercom Capital. The 1H and Q2 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $5.1B in funding across 318 deals compared to $4.9B across 383 deals in 1H 2018. Q2 2019 VC funding held strong at $3.1 billion in 169 deals following the $2 billion raised in 149 deals in Q1 2019.
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Pillo Health Raises $11M to Expand Personal Home Health Robot
Pillo Health, a Boston-based digital health company improving longevity and quality of life for patients managing their health at home has raised $11M in Series A funding, led by Stanley Black & Decker’s corporate venture capital arm with significant participation from Samsung Ventures. Existing investors, including BioAdvance, Hikma Ventures – the corporate venture capital arm of Hikma Pharmaceuticals PLC – Hackensack Meridien Health System’s Innovation Center Fund and
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Former FDA Commissioner Returns to Venture Capital Firm As Special Partner
Former FDA Commissioner Scott Gottlieb, M.D. is returning to global venture capital firm New Enterprise Associates (NEA) as a Special Partner on the firm’s healthcare investment team. Dr. Gottlieb was a Venture Partner at NEA from 2007 to 2017 before being appointed the 23rd Commissioner of the U.S. Food and Drug Administration (FDA), where he served from 2017 to 2019.Dr. Gottlieb is a physician, policy expert, and advocate for healthcare entrepreneurship, innovation, and access. He is focused
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Bioelectronic Medicine Startup Cala Health Nabs $50M for Wearable Neuromodulation Therapies
Cala Health, Inc., a San Francisco, CA-based bioelectronic medicine company developing wearable therapies for chronic disease has raised $50 million in Series C funding. New investors in the Series C funding round include Novartis, Baird Capital, LifeSci Venture Partners, TriVentures, and others. All existing investors participated in the round, including Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Lux Capital, Lightstone Ventures, Action Potential Venture Capital, dRx Capital, and
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Velano Vascular Raises $10M for FDA-Cleared Needle-Free Blood Draw Device
PIVO: FDA-Cleared Needle-Free Blood Draw Device
Velano Vascular, a San Francisco, CA-based vascular access technology innovator today announced that it has raised $10 million from strategic investor Intermountain Healthcare following the system’s rollout of the PIVO™ needle-free blood collection technology. The funding also included participation from Becton Dickinson’s former Chairman and CEO Edward Ludwig; notable entrepreneur, investor, and health sector philanthropist Marc Benioff; Baxter
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Med Student Develops Mobile Device Cover to Bring Health Apps into Sterile Settings
A medical student in the Michigan State University College of Osteopathic Medicine has announced the public launch and availability of the CleanCase sterile mobile devices cover, the first device-specific, fully FDA-complaint product on the market that allows surgeons to safely bring mobile devices into the sterile surgical field. The CleanCase cover, which was developed with investment from Red Cedar Ventures and Quantum Medical Concepts, uses patented technology to allow surgeons full mobile
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Indian Digital Health Startup mfine Nabs $17.2M for Virtual Healthcare Delivery Network
mfine, an India-based digital health startup has raised $17.2 million in Series B funding led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Why mfine?Founded in February 2017 by Ashutosh Lawania (Myntra
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Why 2018 May Have Been A High-Water Mark for Digital Health Funding
Michael A Greely, Co-Founder & General Partner at Flare Capital Partners
Notwithstanding the quite significant stock market turmoil for publicly traded healthcare companies in recent months, the level of private investment activity continued to be quite strong this past quarter. According to Rock Health, 1Q19 registered just under $1.0 billion of investments made in 61 healthcare technology companies, which while below the trailing two year quarterly average of $1.4 billion, still
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Mercom: Global Digital Health/Health IT VC Funding Tops $2B in Q1 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $2 billion in funding in Q1 2019, according to market research firm Mercom Capital. The Q1 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $2B in funding across 149 deals compared to $1.4B across 142 deals in Q4 2018. VC funding in Q1 2019 was down 19% compared to the same quarter of last year (Q1 2018) when nearly $2.5 billion was raised in 187
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