StartUp Health Insights: Innovative and Unorthodox Health Tech Companies Raise Funding | Week of Mar 7, 2023
This week we saw funding around the world going to companies safeguarding organ transplants, developing unique medical devices, innovating in diabetes care, and more.
This week’s reported health innovation funding included:
CodaMetrix, a Boston, MA-based AI technology platform focused on healthcare revenue cycle management, raised $55M led by SignalFire, with participation from Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations. <source>
TandemAI, a Suzhou, and Shanghai, China- and New York, NY-based tech company focused on transforming drug discovery infrastructure, raised $35M led by Qiming Venture Partners, with participation from OrbiMed, Eight Roads Ventures, and F Prime Capital. <source>
Paragonix Technologies, a Cambridge, MA-based organ transplant transit company, raised $24M led by Signet Healthcare Partners. <source>
Simulands, a Zurich, Switzerland-based creator of simulation devices for cardiovascular medicine, raised €10M ($10.7M) led by SHS Capital. <source>
doctorly, a Berlin, Germany-based provider of practice software and app, raised €9.4M ($10M) from The Delta, Horizons Ventures, Speedinvest, Well Technologies, UNIQA Ventures, Calm/Storm, and Seedcamp. <source>
SafKan Health, a Seattle, WA-based developer of an earwax removal device, raised $8M led by Unorthodox Ventures. <source>
Ryse Health, an Arlington, VA-based hybrid diabetes care provider, raised $6.5M led by Route 66 Ventures, with participation from W Health and Healthworx. <source>
Wave Life, a San Francisco, CA-based provider of a mental health platform, raised $6M led by Santé Ventures, with participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures. <source>
YourPath, a St. Paul, MN-based recovery care company, raised $2.1M led by Bread and Butter Ventures, with participation from Leadout Capital, Groove Capital, Big Stone Capital Group, and Daren Cotter. <source>
Opkit, a New York, NY-based provider of a health insurance verification platform, raised over $1M from Global Founders Capital, Mischief, Socially Financed, Y Combinator, and Rex Salisbury. <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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