At Fierce Healthcare, we hold monitor of all of the enterprise capital being funneled into the well being tech and digital well being industries.
Our fundraising tracker offers up to date protection of noteworthy digital well being and well being tech funding rounds, although we’ll nonetheless profile thrilling new firms and bigger rounds that catch our eye in-depth.
Do you’ve gotten fundraising information to share? Electronic mail Senior Editor Heather Landi at [email protected].
For information about funding offers from 2023, try our 2023 Fundraising Tracker.
Sword Well being scores $130M financing spherical
A digital supplier of musculoskeletal care, Sword Well being banked a financing spherical of $130 million in a mixture of major and secondary sale, boosting its valuation to a reported $3 billion.
The corporate says its valuation has grown 50% from its sequence D spherical in 2021, when it was valued at $1.8 billion.
Virgilio “V” Bento, founder and CEO of Sword Well being, advised Fierce Healthcare that $100 million of that financing spherical will present liquidity to present and former staff and early traders. Of the spherical, $30 million is a major sale.
Sword Well being didn’t disclose traders on this newest financing spherical however confirmed it was a mixture of new and present traders. Traders within the firm’s sequence D spherical embrace Sapphire Ventures, Sozo Ventures, Willoughby Capital, Basic Catalyst and Khosla Ventures.
Learn the complete story right here.
Biotech sensor firm Allez Well being picks up $60M
Allez Well being Inc., previously generally known as Zense-Life Inc., secured $60 million in a sequence A+ financing. The spherical was led by Korean in-vitro diagnostics firm, Osang Healthcare Co., Ltd. as a strategic investor, with participation from present traders.
Allez Well being is a steady glucose monitoring biosensor platform.
The brand new capital is anticipated for use to speed up development in the direction of pivotal trials, to help regulatory approval filings, and to scale manufacturing operations.
Tuesday Well being secures $60M for end-of-life care
Elevating $60 million, Tuesday Well being launched its supportive care answer for critically in poor health Medicare sufferers, in partnership with Valtruis, Blue Enterprise Fund, Mass Basic Brigham Ventures and CareSource.
Based in 2023, Tuesday Well being was developed from a partnership of Valtruis and Mass Basic Brigham Ventures.
Tuesday Well being’s mission focuses on offering supportive care earlier in a affected person’s journey and getting the proper companies, from the very best suppliers, on the proper time in a person’s life.
Tuesday Well being offers compassionate, supportive care that aligns with affected person and caregiver wants from analysis to therapy. Tuesday Well being facilitates a seamless transition from Medicare Benefit, Medicaid, or business insurance coverage into high-quality hospice care when acceptable, providing a coordinated and built-in expertise for sufferers and caregivers, in accordance with executives.
The startup’s scientific program, powered by its proprietary know-how platform contains its app mytuesday. By the app, sufferers and caregivers can self-report signs, serving to create personalised care plans delivered by means of a community of supportive care suppliers.
“Leveraging scientific experience, superior information options, and cutting-edge know-how, whereas partnering with Ohio’s largest Medicaid plan, its largest hospice supplier and the unrivaled palliative care expertise of Mass Basic, Tuesday Well being is devoted to tackling one in every of healthcare’s largest challenges-providing help and care in the proper setting, on the proper time, for these going through critical sickness”, mentioned Jim Wieland, CEO of Tuesday Well being.
Medtech well being and information firm AcuityMD nabs $45M
AcuityMD picked up $45 million in new funding to increase its business intelligence platform and advance the corporate’s mission of accelerating adoption of cutting-edge medical know-how.
The sequence B spherical was led by ICONIQ Progress, with extra participation from Boston-based Atreides Administration and New York-based Stepstone Group in addition to present traders Redpoint Ventures, Benchmark Capital, and Artisanal Ventures. Thus far, AcuityMD has raised greater than $83 million.
AcuityMD says it has achieved a big 10x improve in annual recurring income since its 2022 sequence A increase.
Since its founding in 2019, AcuityMD has skilled speedy development, now supporting greater than 200 MedTech producers—together with six of the highest 10—with its business intelligence platform.
Michael Monovoukas, CEO and co-founder of AcuityMD, says the corporate plans to make use of the extra capital to launch three new merchandise to basic availability, increase its pipeline administration answer to extra clients, and develop its engineering and product groups by 70% by the tip of 2024.
Eko Well being captures $41M to increase AI stethoscope enterprise
Sensible stethoscope maker Eko Well being simply raised $41 million in new backing to assist increase its business attain within the U.S. and abroad.
The corporate’s sequence D spherical follows up on an FDA clearance in April that unlocked its synthetic intelligence program for capturing instances of low cardiac ejection fraction, a key indicator of growing coronary heart failure.
The brand new fundraising—which brings the corporate’s lifetime whole to $165 million—was joined by ARTIS Ventures, Highland Capital Companions, NTTVC and Questa Capital. In the meantime, strategic investments got here from Double Level Ventures within the U.S. and the company funding arm of the Singapore Financial Improvement Board, EDBI, in addition to from LG Expertise Ventures in South Korea.
Learn the complete story right here.
Boulder Care takes in $35M to increase digital habit therapy companies
Digital habit therapy supplier Boulder Care raised an oversubscribed $35 million sequence C funding spherical. New investor Advance Enterprise Companions (AVP) led the spherical, joined by Stripes, with participation from present traders, together with First Spherical Capital, Qiming Enterprise Companions, and Laerdal Million Lives Fund.
Boulder delivers therapy for substance use problems (SUD) with specialised scientific care, peer help, and social companies, in partnership with a broad vary of main well being plans.
Boulder has served over 12,000 sufferers nationwide with industry-leading outcomes, in accordance with the corporate.
The corporate will use the brand new capital to fulfill the rising demand for habit therapy companies nationwide.
Atropos Well being lands $33M to scale AI-powered real-world proof
Atropos Well being, maker of a real-world information platform, sits on the intersection of two quickly rising fields, real-world proof analysis and synthetic intelligence.
The startup, based in 2019 as a spin-out of the “Inexperienced Button” know-how developed at Stanford College, is getting nearer to its mission of addressing the proof hole in healthcare and has secured $33 million in sequence B funding to assist gas its development.
Enterprise capital agency Valtruis led the sequence B spherical backed by present traders Breyer Capital, Emerson Collective and Presidio Ventures. The corporate additionally added new strategic traders together with Cencora Ventures, McKesson Ventures and Merck GHI Fund.
Atropos Well being plans to make use of the recent funding to gas the corporate’s work in generative AI capabilities. Atropos launched its massive language model-driven chatbot, ChatRWD, in beta in This autumn 2023 and goals for a full launch this 12 months.
Learn the complete story right here.
Expressable clinches $26M for tech-enabled speech remedy answer
Expressable picked up $26 million in sequence B funding to construct out its digital speech remedy companies.
The spherical was led by world funding agency HarbourVest Companions, with participation from Digitalis Ventures and present traders F-Prime Capital and Lerer Hippeau.
Expressable integrates digital companies with its complete schooling and know-how platform, empowering caregivers to include remedy methods into the house for sooner optimistic outcomes and less expensive care.
The financing will help efforts to boost the corporate’s technology-enabled care supply platform, increase their scientific community of W2-employed speech-language pathologists, and speed up a rising roster of well being plan and supplier partnerships throughout the nation.
Expressable says it has partnered with tons of of well being plans nationwide, together with Medicaid, to make high-quality remedy extra accessible to everybody in want. Their remedy platform is now accessible in all 50 states to tens of millions of households and people with well timed, in-network protection.
Medical vitamin remedy firm Fay emerges from stealth with $25M
Startup Fay emerged from stealth after elevating $25 million to deal with the rising disaster stemming from meals and our relationship with it. Fay connects folks with registered dietitian nutritionists who ship personalised vitamin counseling to alter the best way people assume and really feel about meals—and will get the entire care coated by insurance coverage.
A 12 months after an unannounced seed spherical led by Basic Catalyst, Fay’s new $20 million sequence A spherical was led by Forerunner Ventures with participation from Basic Catalyst and 1984. Fay can also be backed by founders at Develop Remedy and Maven Clinic.
Fay says it has the nation’s largest and quickest rising community of registered dietitians (RDs) in all 50 states, Fay plans to make use of the funding to additional speed up development and enrich its choices for each dietitians and their shoppers.
With over 1,000 suppliers on the platform thus far, Fay is projected to exceed 2,000 suppliers by 2025. Fay dietitians cowl greater than 30 specialties, akin to consuming problems, diabetes, kidney illness, weight administration, intestine well being and basic preventative care.
Future development plans embrace integrating with meals service supply platforms to deal with meals insecurity, increasing insurance coverage protection, and enhancing partnerships with present employer plans.
Fay has partnered with main medical insurance suppliers, together with United Healthcare, Aetna CVS, Blue Cross, Anthem, Cigna, Optum and Humana.
Valar Labs banks $22M for oncology diagnostic platform
DCVC and Andreessen Horowitz co-led a $22 million sequence A in Valar Labs to speed up the corporate’s work to make use of AI for precision oncology.
The corporate’s founders say they began Valar Labs to cut back uncertainty in most cancers therapy choices. Day by day, oncologists are confronted with difficult choices for tens of millions of most cancers sufferers to find out which therapy pathway is most certainly to be efficient for a given affected person.
Precision oncology began with sequencing of strong tumors, then progressed to liquid biopsies. The house is now coming into the digital and AI technology of precision oncology.
“Valar Labs is pioneering this new class of diagnostic testing the place pathology paired with AI yields unprecedented perception into scientific outcomes and therapy response,” executives wrote in a weblog publish.
The funding will help the development of Vesta, an AI check to foretell therapy response in bladder most cancers, and catalyze the corporate’s growth in different cancers.
Anterior pockets $20M to make use of AI to make prior auth seamless
Anterior is an AI firm constructed by clinicians to remodel healthcare administration. The startup picked up $20 million in sequence A funding spherical to construct out its tech to streamline administration duties for payers and suppliers.
The funding spherical was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion World, and Neo.
Beforehand named Co:Helm, the corporate not too long ago rebranded to Anterior.
Anterior initially centered on making prior authorization invisible, just like the seamless communication that happens when a bank card is swiped. Anterior’s know-how leverages generative AI to clinically motive, delivering worth out of the field, in accordance with executives.
The corporate plans to make use of the funding to speed up its hiring and development methods. Anterior’s AI scientific co-pilot, named Florence (Nightingale), tackles the challenges that weren’t beforehand solvable by know-how.
Anterior was based by Abdel Mahmoud, M.D., a physician turned engineer and a Fb and Google alum.
Plenful picks up $17M to automate administrative duties
Startup Plenful launched out of stealth seven months in the past to deal with the labor challenges and administrative bottlenecks plaguing pharmacy operations.
Plenful, which developed a synthetic intelligence workflow automation platform to streamline pharmacy and healthcare operations, banked $17 million in sequence A funding to construct out its infrastructure and gas extra product growth.
The sequence A funding spherical was led by TQ Ventures with participation from Bessemer Enterprise Companions, Mitchell Rales (co-founder and chairman of Danaher), Susa Ventures and present traders.
Learn the complete story right here.
SamaCare snags $17M for specialty med prior authorization platform
SamaCare developed a cloud-based affected person entry platform for specialty medicines. The startup closed an oversubscribed $17 million sequence B funding spherical led by new investor Questa Capital.
Current traders Vive Collective and South Park Commons additionally joined the spherical.
SamaCare plans to make use of the funding to speed up product growth of its one-stop affected person entry platform that saves healthcare organizations time and assets whereas making certain sufferers obtain remedy sooner. The corporate mentioned it can use the funding to construct the excellent Script-to-Remedy Working System.
SamaCare companions with over 15,000 suppliers. Pharmaceutical shoppers partnering with SamaCare have seen abandonment charges drop by 24%, time-to-approval reduce by over 84%, and a discount in pointless administrative prior authorization denials by as much as 42%, the corporate mentioned.
Employer-focused pharmacy advantages firm Truveris provides $15M
Truveris, an organization that gives pharmacy profit options to employers, raised $15 million in sequence E funding led by two lead traders, Canaan Companions and New Leaf Enterprise Companions.
The funding will help Truveris’ subsequent stage of company growth and operational development. Truveris’ proprietary know-how platform replaces conventional PBM (pharmacy profit supervisor) contracting and renewal fashions. The corporate says it creates a clear and dynamic aggressive market that drives vital financial savings on pharmacy pricing and improved contract phrases.
Higher Well being raises $14M to deploy expanded payer partnerships
Medical provider Higher Well being has raised $14 million in a strategic funding spherical backed by CareFirst BlueCross BlueShield’s enterprise capital arm, Healthworx.
The corporate hopes to make use of the funds to increase its payer partnerships and attain extra members with power illness.
Outdoors of CareFirst’s $2.5 million dedication, the College of Miami Well being System and Mosaic Basic Partnership additionally invested on this spherical of funding.
Learn the complete story right here.
Canary Speech plucks $13M sequence A for AI-powered voice biomarker tech
Canary Speech developed know-how to assist healthcare organizations display screen for psychological wellness and cognitive well being.
The startup developed AI-powered voice biomarker well being know-how that makes use of real-time patented vocal evaluation to display screen for psychological well being and neurological problems. Canary’s vocal biomarker know-how captures and analyzes speech information inside seconds to determine irregularities in behavioral and cognitive adjustments earlier than present scientific screening requirements or noticeable signs for invisible diseases like nervousness, despair and dementia.
Canary secured a $13 million sequence A funding spherical led by Cortes Capital, LLC (Love’s Non-public Fairness), with participation from Sorenson Communications, LLC., SMK (Japan), and Hackensack Meridian Well being.
The corporate plans to make use of the recent capital to increase its crew to help the accelerating development pushed by developments in synthetic intelligence and the healthcare {industry}’s demand for extra superior instruments.
As an API-first firm, Canary’s vocal biomarker know-how has a variety of functions inside the healthcare {industry}. These functions embrace contact facilities, ambient scientific listening, distant affected person monitoring, and annual wellness checks. Ambient listening instruments, that are techniques designed to unobtrusively seize and analyze conversations in real-time, allow healthcare suppliers to concentrate on affected person interactions whereas routinely documenting scientific notes.
Marigold Well being secures $11M to increase peer-based habit help
Marigold Well being closed an $11 million sequence A fundraise to scale up its peer help program.
Rock Well being and Innospark Ventures led the spherical with extra funding from the Commonwealth Care Alliance (CCA), Wavemaker360, Stand Collectively Ventures Lab, Epsilon Well being Traders, Koa Labs, VNS Well being Plan and KdT Ventures.
Marigold is addressing a nationwide scarcity of substance use dysfunction care by increasing entry to high-quality peer help.
The startup’s proprietary peer help program combines one-on-one teaching from a licensed peer specialist with 24/7 entry to text-based help teams within the Marigold app, which is built-in with pure language processing that flags well being wants expressed in chats and triggers extra help when wanted.
The sequence A will permit Marigold to fulfill a nationwide demand for extra partaking SUD helps – their program is presently accessible to 25,000 members in Delaware, Rhode Island, and Massachusetts and Marigold is anticipating to increase to no less than 4 extra states by the tip of subsequent 12 months.
Grayce nabs $10.4M for caregiver help platform
Grayce developed a complete program that connects social employees to households navigating look after family members and themselves.
The startup raised $10.4 million in sequence A funding to scale its platform to boost its employer answer and member expertise in addition to enter the payer market.
Maveron led the spherical with participation from BBG Ventures and Correlation Ventures, GingerBread Capital, Alumni Ventures, Seen Ventures, Gaingels, and What If Ventures.
Grayce’s social care platform addresses unmet wants in medical care, supporting household caregivers in decreasing stress and navigating caregiving complexities. Every member receives devoted help from a social employee who manages their complete care wants—from planning and prioritizing to figuring out assets, coordinating care, and advocating on their behalf. For instance, for an growing old father or mother, Grayce may assist a household to navigate eldercare wants, together with evolving housing and in-home help, paying for care, therapy concerns, and social help.
The platform is accessible globally in over 250 languages.
With this new spherical of funding, Grayce will accomplice with payers to increase its complete help to extra populations.
Moreover, Grayce will proceed investing in data-driven personalization, increasing on the breadth of its choices for members throughout all geographies and spectrum of care wants. Grayce plans to strengthen its group and content material choices.
Amino Well being picks up $10M to scale advantages navigation platform
Digital healthcare navigation firm Amino Well being picked up a $10 million funding spherical led by Transformation Capital.
The funds will probably be used to speed up Amino’s AI product roadmap to construct personalised affected person care journeys, the corporate mentioned. This newest capital infusion follows a $30 million funding by Transformation Capital in Could 2023.
The startup construct its care navigation platform to simplify the complexity of healthcare by recommending top quality healthcare suppliers based mostly on goal, proprietary scientific information. Amino created a easy client interface that routes greater than 10,000 medical matters to the very best supplier, facility, or employer program.
Amino’s AI investments will additional enhance the consumer expertise by providing personalised care suggestions based mostly on a consumer’s distinctive care journey.
Automation platform for healthcare emerges from stealth with $3M
Keragon, an AI-powered HIPAA-compliant automation platform for healthcare, launched out of stealth armed with $3 million.
The pre-seed funding spherical was co-led by Focal and Afore, adopted by 25 Madison Well being – Lifepoint Well being.
The platform allows immediate integration of assorted in style software program utilized by healthcare practitioners, akin to EHRs, healthcare CRMs, AI medical scribes, appointment scheduling and billing software program. It has additionally built-in personalised AI assistants that gas sooner automations with much less trouble.
Keragon says it is the primary no-code workflow automation platform designed particularly for the U.S. healthcare {industry}. Presently, it’s utilized by practices and clinics, fast-growing digital well being startups, all the best way as much as hospitals & NASDAQ-listed firms, throughout 50 states.
With over 100 pre-built healthcare integrations, a number of information transformation helpers and superior error debugging capabilities, Keragon claims it’s set to speed up the digital transformation of healthcare.
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