What You Should Know: - Naborforce, a high-growth elder tech company that connects older adults to a network of trusted "Nabors" for on-demand support and social engagement, announced the closing of a $9 million Series A financing round led by Translink Capital. - Translink Capital, a global venture capital firm headquartered in Silicon Valley, is joined by existing investors Claritas Capital The Artemis Fund, and TechStars. Naborforce will use the financing to further invest in its
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venture capital
Abridge Secures $12.5M to Power AI-Powered Medical Conversations
What You Should Know: - Abridge, the leader in medical conversation artificial intelligence (AI), today announced an oversubscribed $12.5M Series A-1 led by Wittington Ventures. - The round also had participation from all existing investors including Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises, and new investors including Turing Award winner Yoshua Bengio, and Whistler Capital. Automated Solutions to Combat Physician
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Intel Invests $20M in Biofourmis’ Virtual Care Offerings
What You Should Know: - Biofourmis, a Boston-based global leader in virtual care and digital medicine, today announced that Intel Capital, the strategic investment arm of chipmaker Intel Corporation, has joined its Series D financing in an extension that brings the total funding raised in the round to $320M. - The initial Series D funding round was announced in April and was led by global growth equity firm General Atlantic with participation by CVS Health (NYSE:CVS), Trevor
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VC General Catalyst Closes $675M Health Assurance Fund II
What You Should Know: - Early-stage venture capital firm General Catalyst closes $670 million Health Assurance Fund II. - The new fund comes on the heels of the Health Assurance Fund I closed in April of 2021 at $600M. To date, General Catalyst has invested $1.7B in companies aligned with the health assurance thesis. Health Assurance Fund II Investment Thesis This new fund will allow us to continue to accelerate General Catalyst’s work on building a value-oriented system and focus
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Healthie Raises $16M to Enable Infrastructure Platform for Digital Health Companies
What You Should Know: - Healthie, a New York City-based infrastructure platform for digital health companies raises $16M in an oversubscribed Series A round led by Velvet Sea Ventures with participation from Greymatter Capital, Watershed, Builders VC and a customer syndicate. - Over 60 angels with deep healthcare and tech experience also participated in the financing, including Roushan Zenooz, Executive Chairman of Primary Health, B12 CEO Nitesh Banta, Rafid Fadul, former CMO at Wheel
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Ordr Secures $40M for Real-Time Connected Device Security Platform
What You Should Know: - Ordr, a company making the complex problem of securing every connected device — from traditional IT devices to newer and more vulnerable IoT, IoMT or OT — simple, today announced it has raised an additional $40M. The funding round was co-led by Battery Ventures and Ten Eleven Ventures, with participation from new investor Northgate Capital and continuing investors Wing Venture Capital, Unusual Ventures, Kaiser Permanente Ventures, and Mayo Clinic.
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Solv CEO Diversifies Cap Table, Adds 75 Female Investors as Part of $45M Series C
What You Should Know: - Today, Heather Fernandez, CEO and co-founder of healthcare on-demand app Solv Health shared her diversity plans for bringing on more women and first-time investors to the Cap Table as part of the company’s $45M Series C round. As a Filipino-Iranian woman, Heather knows “people like me” don’t get funded - or hired or invited to the table. Women are also more likely to be healthcare decision-makers for their families. - Heather created a Special Purpose
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AWS Launches New Healthcare Accelerator Focused on Health Equity
What You Should Know: - Amazon Web Services (AWS) today announced the launch of the next AWS Healthcare Accelerator—this year with a new focus on health equity. The Accelerator is open to startups with US operations and applications open today. - This is part of AWS’s efforts to help organizations use the power of the cloud to help tackle the health equity gap – other efforts include the $40 million AWS Health Equity Initiative, which AWS also provided an
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Intermountain Partners with VC Firm General Catalyst on Innovation
What You Should Know: - Intermountain Healthcare announced a strategic partnership with digital health venture capital firm General Catalyst that will involve jointly exploring opportunities to accelerate the shift to value-based care through digital and other solutions. - As part of the collaboration, Intermountain and General Catalyst will leverage the Health Assurance Network, which is a group of tech innovation companies within General Catalyst’s investment portfolio that are dedicated
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Health Tech VC Firm Flare Capital Partners Closes $350M Fund
What You Should Know: - Flare Capital Partners, a Boston-based healthcare technology venture capital firm closes its third fund with $350M, which follows up on its prior two funds raised in July 2019 and the inaugural fund raised in April 2015, respectively. - The most recent fund, establishes Flare Capital Partners as one of the largest, independent, early-stage venture capital firms dedicated to healthcare technology. “When we started the firm in 2014, over $4.5 billion was invested
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