StartUp Health Insights: Global Funding Continues Strong Heading into Year End | Week of Dec 22, 2021
This week we saw funding from across the US, plus Germany, the UK, and Poland.
Our team tracked more than $750M in health innovation funding reported this week, led by Innovaccer, a San Francisco, CA-based healthcare technology company that unifies patient data across systems and settings. The $150M Series E round was led by Mubadala Capital, with participation from B Capital Group, Microsoft’s M12 fund, OMERS Growth Equity, Dragoneer, Steadview Capital, Tiger Global Management, Whale Rock Capital Management, Avidity Partners, and Schonfeld Strategic Advisors. <source>
Other recent deals included:
Found, a San Francisco, CA-based weight care management startup, raised $100M led by WestCap, with participation from IVP, The Chernin Group, G9 Ventures, Able Partners, GV, Define, Atomic, and angel investors. <source>
Tasso, a Seattle, WA-based developer of clinical-grade blood collection technology, raised $100M led by RA Capital Management, with participation from D.E. Shaw group, Senvest, InCube, SVB Innovation Fund, Foresite Capital, Hambrecht Ducera Growth Ventures, J2V, Cedars-Sinai, and Merck GHIF. <source>
Verge Genomics, a San Francisco, CA-based tech-enabled drug discovery company, raised $98M led by BlackRock, with participation from Eli Lilly and Company, Merck Global Health Innovation Fund (Merck GHI), Section 32, Vulcan Capital, Threshold Ventures, ALS Investment Fund, Tao Capital Partners, Lifeforce Capital, and others. <source>
Well Dot, a Chapel Hill, NC- and Newton, MA-based consumer-focused health improvement platform, raised $70M led by Valeas Capital Partners, with participation from General Catalyst and Hellman & Friedman. <source>
Ophelia, a New York, NY-based telemedicine platform for opioid addiction therapy, raised $50M led by Tiger Global, with participation from Menlo Ventures, General Catalyst, and Refactor Capital. <source>
Garner Health, a New York, NY-based doctor review service, raised $45M led by Redpoint Ventures, with participation from Founders Fund, Thrive Capital, and Optum Ventures. <source>
Belong Health, a Philadelphia, PA-based platform for users on Medicare Advantage and Special Needs Plan products, raised $40M led by New Enterprise Associates (NEA), with participation from Maverick Ventures. <source>
Kenbi, a Berlin, Germany-based tech-enabled healthcare-at-home startup, raised €23.5M ($26.5M) led by Endeavour Vision, with participation from Redalpine, Heartcore, Headline, Partech, Amino Collective, Mutschler Ventures, and Silicon Valley Bank. <source>
Mimi Hearing Technologies, a Berlin, Germany-based platform focused on hearing wellbeing and audio personalization software, raised $25M led by MIG Capital, with participation from family offices and existing shareholders. <source>
Brainomix, an Oxford, UK-based AI-powered medtech solutions company, raised £16M ($21.2M) co-led by Boehringer Ingelheim Venture Fund (BIVF), Parkwalk Advisors, and Tencent Holdings, with participation from Oxford University Innovation Fund (OUIF). <source>
Mightier, a Boston, MA-based developer of a video game system intended to help children learn emotional regulation skills, raised $17M led by DigiTx Partners, with participation from the Sony Innovation Fund and PBJ Capital. <source>
UpLift, a New York, NY-based mental healthcare delivery system, raised $8M led by B Capital Group, with participation from Vivek Garipalli, Bay Gross, Bobby Green, and others. <source>
Iridia, a Carlsbad, CA-based startup developing DNA-based data storage, raised $6M from Prime Movers Lab. <source>
HigoSense, a Warsaw, Poland-based developer of a medical examination device supported by a mobile app and an online AI-powered health diagnostic platform, raised €5M ($5.6M) led by Cogito Capital Partners, with participation from RTB House. <source>
Marigold Health, a Boston, MA-based behavioral health startup, raised $3.5M from Tau Ventures, KdT, Epsilon, Flare, and Felicis. <source>
Nucleus Genomics, a Brooklyn, NY-based genomic analysis startup, raised $3.5M led by Founders Fund, with participation from Adrian Aoun, Patrick Hsu, Brent Saunders, Matteo Franceschetti, Joshua Browder, Cory Levy, Adam Guild, Pareto Holdings, Pomp, Shrug, Ankur Nagpal, Quiet Capital, Salt Fund, Bluewatch Ventures, Night, and Brandon White. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Get all our free quarterly reports and sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
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