StartUp Health Insights: Goldfinch Health Closes Seed Round | Week of Mar 10, 2021

This week, StartUp Health portfolio company Goldfinch Health, the industry leader in surgery and recovery navigation, announced their seed round.

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Brand Newland, CEO & Co-founder of Goldfinch Health, is reducing post-surgery opioid use by 90%.

We saw over $835M in health innovation funding reported this week, making it the highest week of 2021 thus far. This week’s funding was co-led by $200M each for DispatchHealth and Cedar.

Investors, get a first look at how you can back health moonshots using StartUp Health’s new rolling impact fund, in collaboration with AngelList.

Recent deals included:

DispatchHealth, a Denver, CO-based provider of in-home medical care, raised $200M led by Tiger Global, with participation from Alta Partners, Echo Health Ventures, Humana, Oak HC/FT, and Questa Capital. <source>

Cedar Cares, a New York, NY-based healthcare billing technology provider, raised $200M led by Tiger Global Management, with participation from Andreessen Horowitz, Thrive Capital, and Concord Health Partners. <source>

Beam Dental, a Columbus, OH-based dental benefits provider, raised $80M led by Mercato Partners, with participation from Traverse, Drive Capital, Georgian, Nationwide, and Breakout Capital. <source>

CorVista Health, a Toronto, ON-based digital health company dedicated to improving cardiovascular disease diagnosis, raised $65M led by Ambix Life Science Fund I, with participation from MedVenture Partners and several new and previous investors. <source>

TytoCare, a New York, NY-based all-in-one modular device and telehealth platform, raised $50M led by Insight Partners, with participation from Tiger Global Management, Qumra Capital, Qualcomm Ventures, Olive Tree Ventures, and Shenzhen Capital Group Company. <source>

Ibex Medical Analytics, a Tel Aviv, Israel-based AI-powered cancer diagnostics company, raised $38M led by Octopus Ventures and 83North, with participation from aMoon, Planven Entrepreneur Ventures, and Dell Technologies Capital. <source>

PocketPills, a Vancouver, BC-based online pharmacy, raised $30M led by TELUS Ventures, with participation from WaterBridge Ventures. <source>

Blue Note Therapeutics, a San Francisco, CA-based prescription digital therapeutics company focused on serving patients suffering from cancer-related distress, raised $26.25M led by JAZZ Venture Partners, with participation from Summer VC. <source>

Paige, a New York, NY-based AI-powered digital diagnostics company, raised $25M (in addition to January’s $100M) from KKR, which joined joined Casdin Capital and Johnson & Johnson Innovation as a co-lead in the $125M round. <source>

Pear Therapeutics, a Boston, MA-based developer of prescription digital therapeutics, raised $20M from an undisclosed national Integrated Delivery Network (IDN). <source>

Bionaut Labs, a Los Angeles, CA-based developer of remote-controlled micro-robots to treat central nervous system disorders, raised $20M led by Khosla Ventures, with participation from Upfront Ventures, Revolution, BOLD Capital, and Compound. <source>

Halo Diagnostics, a Menlo Park, CA-based company that combines data streams to improve diagnosis of several serious illnesses, raised $19M led by Zola Global Investors, with participation from Anne Wojcicki, Fred Moll, Stephen Pomeranz, Bob Reed, Robert Ciardi, Jim Pallotta and, Ronnie Lott. <source>

Health Gorilla, a Sunnyvale, CA-based provider of healthcare APIs, raised $15M co-led by IA Capital and Nationwide, with participation from Aflac Ventures, Epsilon Health Investors, and True Ventures. <source>

SpineZone, a San Diego, CA-based startup that creates personalized exercise programs and treatment for neck and back pain, raised $12M co-led by Polaris Partners and Providence Ventures, with participation from Martin Ventures. <source>

Praava Health, a Bangladesh-based company that combines telemedicine with physical clinics, raised $10.6M from David H. Petraeus, Esther Dyson, SBK Tech Ventures, Dr. Jeremy Lim, Dr. Rushika Fernandopoulle, and Geoff Price. <source>

BurnAlong, Pikesville, MD-based wellness platform, raised $7M led by Triventures, with participation from Steve Altschuler, Sean Glass, CR2 Ventures, TriSib, DM Wellness, and Macks Managed Investments. <source>

Techsomed, a Rehovot, Israel-based medical Imaging software company, raised $7M led by Axil Capital, with participation from Yongjin Capital, Cobro Ventures, Magna Capital Partners, Radianx Capital, Johnson & Johnson Innovation, and NextLeap Ventures. <source>

Reperio Health, a Portland, OR-based startup that provides home wellness kits, raised $6M co-led by Caduceus Capital Partners and Rogue Venture Partners, with participation from Liquid 2 Ventures and G Ventures. <source>

MemoryWell, a Washington, DC-based digital data platform that promotes person-centered care through life storytelling, raised $2.5M led by Argon Ventures, with participation from Gutbrain Ventures, PBJ Capital, Koa Lab, Inflect Health, Pixel Perfect Ventures, One Planet VC, and Innovations for Impact. <source>

StartUp Health portfolio company Goldfinch Health, the Austin, TX-based industry leader in surgery and recovery navigation, raised $1.4M led by BrokerTech Ventures. <source>

Marché Health, a New York, NY-based digital health marketplace community, raised $1M from Pandion Optimization Alliance. <source>

Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Get all our free quarterly reports, including our 2020 Year-End Insights Report.

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