Investing

Healthcare provider on the phone while sitting at a desk with a computer on it
By  Jessica Hagen 11:20 am March 28, 2024
Digital substance use management platform Pelago, formerly Quit Genius, announced it secured $58 million in Series C funding, bringing its total raise to $151 million.  Existing investor Atomico led the round, with participation from other continuing investors, including Octopus Ventures, Y Combinator and Kinnevik AB. New investors GreyMatter Capital and Eight Roads also participated.  Laura...
Researchers analysing findings on a desktop computer
By  Adam Ang 09:20 pm March 27, 2024
Funding worth A$6.5 million ($4 million) has been awarded to four genomics-focused research projects led by researchers from the University of Melbourne. These include a project that will establish a patient dataset of inherited retinal diseases; a rapid multi-omic liquid biopsy blood test using whole genome sequencing; research using next-generation sequencing to develop new solutions to...
Person wearing glasses while sitting in a chair and looking at a tablet
By  Jessica Hagen 01:53 pm March 21, 2024
PocketHealth, a platform that enables patients to access their medical imaging, announced it secured $33 million in an all-equity Series B funding round led by Round13 Capital. Deloitte Ventures participated in the round, alongside Samsung Next and existing investors Radical Ventures and Questa Capital. WHAT IT DOES PocketHealth provides an AI-enabled platform that allows patients to access their...
people looking at tablet, papers
By  Trevor Dermody 11:07 am March 21, 2024
Safety-focused large language model company Hippocratic AI announced the closing of an oversubscribed $53 million Series A funding round, bringing its total raise to $120 million. The funding brings the valuation of the company to $500 million. The round was co-led by General Catalyst and Premji Invest, with participation from Memorial Hermann Health System and SV Angel.  Additional investors...
A therapist-in-training putting on the SynPhNe device on a volunteer's head
By  Adam Ang 08:17 pm March 19, 2024
A medtech spin off from Nanyang Technological University in Singapore has raised $5 million in a recent Series A funding round by Event Horizon Technologies, a member of the Nadathur Group from India.  SynPhNe (Synergistic Physio-Neuro Platform) claims to be the world's first connected wearable solution that trains both brain and muscle simultaneously in one system, supporting the rehabilitation...
Michael Greeley of Flare Capital Partners, Robbie Freeman of Mount Sinai Health System, Mary Beth Chalk of BeeKeeperAI, Abhinav Shashank at Innovaccer and Sally Frank at Microsoft for Startups
By  Jessica Hagen 06:32 pm March 18, 2024
ORLANDO – During HIMSS24 Views from the Top session, "Digital health startups: Harnessing innovation to disrupt and improve care delivery," experts relayed that strength in an executive team (not necessarily a product) and solutions that solve providers' pain points are top of mind. "There are a series of attributes we tend to weigh pretty heavily–the strength and relevance of the executive team...
Screenshot of the main page of CureSkin's website
By  Adam Ang 07:53 am March 15, 2024
AI-driven dermatology platform Cureskin has netted $20 million in a Series B funding round led by HealthQuad. The round was also participated by JSW Ventures, Khosla Ventures, and Sharrp Ventures. "These funds will help further enhance our AI capabilities, accelerate our growth, and expand solution offerings," said co-founder and CEO Guna Kakulapati in a statement. Cureskin previously raised $5...
Person sitting on one side of the desk shaking hands with someone sitting on the other side of the desk
By  Trevor Dermody 10:55 am March 14, 2024
Foundation Health, a San Francisco-based healthcare technology company, announced the closure of a $6 million seed funding round.  The investment seeks to slingshot the company into a period of growth backed by investors such as Garry Tan, CEO of Y Combinator, Transpose Platform, Tuesday VC, Alt Capital, Box Group, Liquid Ventures, Exceptional Capital, Calm/Storm Ventures and PageOne Ventures. ...
person presenting on stage
By  Trevor Dermody 10:45 am March 14, 2024
ORLANDO – Pawan Kohli, strategic advisor at Redesign Health, spoke at HIMSS24 Venture Connect on experiencing failure and the lessons startups can learn to ensure they thrive in an ever changing digital health market.  Global digital health funding was cut substantially in 2023 compared with 2022, while deals dropped to the lowest level since 2016. Additionally, there were just three mega-rounds...
Juan Santos, SVP of brand experience and innovation at the Tavistock Group and innovator in Orlando's planned community Lake Nona
By  Jessica Hagen 12:06 pm March 13, 2024
ORLANDO – Juan Santos, SVP of brand experience and innovation at the Tavistock Group and innovator in Orlando's planned community Lake Nona, kicked off the Venture Connect Program at HIMSS24. "If you read about Lake Nona, it has been called Medical City by the media," Santos said. "The reason for this is that at the core of Lake Nona, at the base of who we are, we have a very solid healthcare...