Virtual care company Teladoc reported $646.1 million in revenue in the first quarter of 2024, a 3% increase from $629.2 million in Q1 2023.
Its revenue from Teladoc Health Integrated Care increased to $377.1 million in Q1 2024, an 8% increase year-over-year, and BetterHelp revenue decreased 4% to $269 million.
The company posted an adjusted EBITDA of $63.1 million, a 20% year-over-year increase...
Pediatric telehealth startup Summer Health announced the close of a $11.65 million Series A raise led by 7wireVentures and Lux Capital.
Pivotal Ventures, a Melinda French Gates fund, participated in the raise, alongside existing investors Sequoia Capital, Box Group and Chelsea Clinton’s Metrodora Ventures.
Alyssa Jaffee, partner at 7wireVentures, Alfred Lin of Sequoia Capital, Deena Shakir of...
Midlife women’s health clinic Midi Health announced it secured $60 million in a Series B funding round led by Emerson Collective, bringing its total raise to $100 million.
GV (Google Ventures), who led the company's $25 million Series A round announced in September, participated in the round.
SemperVirens, Icon Ventures, Felicis, Gingerbread Capital, Steel Sky Ventures, Black Angel Group,...
Xaira Therapeutics, an AI-enabled drug discovery and development company, announced its launch with more than $1 billion in capital.
The biotechnology company is a joint incubation by ARCH Venture Partners and Foresite Labs, the lead investors in the funding round.
Lux Capital, Two Sigma Ventures, F-Prime, Rsquared, SV Angel, Menlo Ventures, Sequoia Capital, NEA, the Parker Institute for...
Alaffia Health, which creates genAI solutions for health insurance claims, secured $10 million in Series A funding, bringing its total raise to $17.6 million.
FirstMark Capital led the funding round with participation from GingerBread Capital and existing investors Aperture Venture Capital, Anthemis, 1984 Ventures, Tau Ventures and Remarkable Ventures.
Amish Jani, founder and partner of...
Lumeris, a value-based care strategy, technology and operations company, announced it secured $100 million in an equity capital raise led by Deerfield Management.
Endeavor Health joined as a new investor, and BlueCross BlueShield Venture Partners, Sandbox Industries, Kleiner Perkins and JDLinx participated in the round.
WHAT IT DOES
The Missouri-based company strategizes with health systems and...
Kontakt.io, an analytics company focusing on the inpatient healthcare journey, announced it secured $47.5 million in a Series C funding round led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs).
Christian Resch, partner at Goldman Sachs, will join the company's board of directors.
WHAT IT DOES
Kontakt.io uses AI and real-time Internet of Things (IoT) to garner insights into...
Two Chairs, a California-based hybrid behavioral health company, announced it had closed a $72 million Series C equity and debt-financing round.
Amplo Financing led the round, with Fifth Down Capital and other investors participating. Bridge Bank provided the debt financing.
The round brings the company's total raise to $103 million.
WHAT IT DOES
Two Chairs matches patients with the correct...
Phoenix-based Dot Compliance, which provides an AI-powered quality management system for compliance, announced it closed $17.5 million in Series B extension funding, bringing its total funding to $50 million.
The funding round was led by existing investors IGP Capital and Vertex Ventures with additional investment from TPY Capital.
WHAT IT DOES
Dot Compliance AI solutions provide a vendor-...
Provider-focused digital mental health company Grow Therapy announced it has closed $88 million in Series C funding.
Sequoia Capital led the round, with additional investment from Growth Equity at Goldman Sachs Alternatives and PLUS Capital. Several artists and athletes also contributed to the round, including Dak Prescott, Anna Kendrick, Joe Burrow, Lily Collins and Jrue Holiday.
Additionally...
