Devoted Health Secures $175M Series E to Boost Medicare Advantage Innovation | StartUp Health Insights: Week of Jan 2, 2024
Devoted Health’s new funding will help the StartUp Health company continue to deliver on its mission to improve the health and wellbeing of older Americans.
Devoted Health, a tech-enabled Medicare Advantage company that has been in the StartUp Health community since 2018, closed out 2023 with $175M in fresh funding, marking one of the largest funding rounds of the year. The series E round was led by The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures, with participation from Andreessen Horowitz, General Catalyst, GreatPoint Ventures, Socium Ventures, Emerson Collective, The Private Shares Fund, and F-Prime Capital Partners. <source>
Recently reported health innovation funding also included:
knownwell, a Boston, MA-based in-person and virtual weight-inclusive primary care and metabolic health company, raised $20M led by A16Z, with participation from existing investors including Flare Capital Partners. <source>
Heranova Lifesciences, a Burlington, MA-based biotech company for women’s health, raised $13.5M from Pivotal bioVenture Partners China, Sinovation Ventures, Emerging Technology Partners, and Triwise Capital. <source>
Susu, an Abidjan, Côte d’Ivoire-based healthtech startup focused on enhancing medical accessibility for individuals in Africa, raised €4.5M ($4.9M) from INCO Ventures, Al Mada Ventures, Janngo Capital, Open CNP, Health54 (CFAO Healthcare), Launch Africa Ventures, Five35 Ventures, Plug and Play Ventures, and business angels. <source>
Forte, a workplace wellbeing startup, raised $3.3M led by Tom Blaisdell (AlignPact), with participation from Cubit Capital, Fairbridge Park, and Sovereign’s Capital. <source>
Xploro, a Cleveland, OH-based pediatric digital health company, raised $1.7M from Boomerang Ventures. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
Call for T1D Innovation
Are you a scientist or innovator focused on T1D innovation who would benefit from education about how to navigate and build a company that will be successful in attracting mission-aligned capital, customers, and collaborators to pursue scientific discoveries in the field of Type 1 diabetes? Learn more and apply for a T1D Fellowship.
Become a Health Moonshot Champion
Health moonshots are fueled by passionate families, foundations, and industry organizations committed to achieving health moonshots. Learn how you can join other champions of the T1D Moonshot or one of our other global health moonshots.
Passionate about breaking down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.
Investors: Learn how you can become a Health Moonshot Champion and invest in Health Transformers.
Digital health entrepreneur? Don’t make the journey alone. Learn how Health Transformer University fuels your health moonshot.
Follow us on social media for daily updates on Health Transformers: Twitter, LinkedIn, Facebook, and Instagram.
