StartUp Health Insights: Mental Health Takes Center Stage in This Week’s Funding | Week of Dec 15, 2021
This week’s funding included five mental health startups — including the week’s largest round — bringing in more than one-third of the week’s total health innovation money.
We saw more than $920M in health innovation funding reported this week, led by Cerebral, a San Francisco, CA-based online mental health startup. The $300M round was led by SoftBank Vision Fund 2, with participation from Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures. <source>
Other recent deals included:
Nomi Health, an Orem, UT-based direct healthcare and payment platform, raised $110M led by Rose Park Advisors and Arbor Ventures. <source>
Cadence, a New York, NY-based remote care management platform, raised $100M led by Coatue Management, with participation from General Catalyst and Thrive Capital. <source>
connectRN, a Waltham, MA-based nurse staffing app, raised $76M led by Suvretta Capital Management and Avidity Partners, with participation from HBM Healthcare Investments, Infinitum Asset Management, Adage Capital Management, Cormorant Asset Management, Park West Asset Management, and Amedisys. <source>
Reveleer, a Glendale, CA-based cloud platform empowering data-driven healthcare, raised $65M led by Oak HC/FT, with participation from Upfront Ventures and Boston Millennia Partners. <source>
Suki, a Redwood City, CA-based provider of AI-powered voice solutions for healthcare, raised $55M led by March Capital, with participation from Philips Ventures, Venrock, Flare Capital, Breyer Capital, inHealth Ventures, and angel investors. <source>
HealthCare.com, a New York, NY- and Miami, FL-based data-driven insurtech platform, raised $50M led by Oaktree Capital Management, with participation from Axis Capital, Second Alpha, and Link Ventures. <source>
Robin, a Berkeley, CA-based clinical documentation solution, raised $50M led by Scale Venture Partners, with participation from Khosla Ventures, Norwest Venture Partners, Social Leverage, Meridian Street Capital, and IA Ventures. <source>
Sami, a Brazilian health plan for SMEs, raised BRL 111M ($19.5M) led by DN Capital, with participation from Monashees, Redpoint, Valor Capital, and StartUp Health. <source>
Limbix, a Palo Alto, CA-based prescription digital therapeutic company developing treatments for adolescent mental health disorders, raised $15M led by GSR Ventures, with participation from Digital Garage, Storm Ventures, Bixink, DN Capital, Korean Investment Partners, E& Investment, Gaingels, MVP, Operator Partners, Mana Ventures, and Pacific Health Ventures. <source>
Redesign Science, a platform technology company working on drug discovery biotech, raised $15M led by Collaborative Fund and Kaitai Capital, with participation from 5Y Capital, Notation Capital, Third Kind Venture Capital, Preface Ventures, Refactor Capital, Acequia Capital, Hawktail, ZhenFund, Third Kind Venture Capital, Preface Ventures, and Collaborative Fund. <source>
Lynx MD, a Tel Aviv, Israel-based healthcare AI platform for real-world clinical and operational data collaboration, raised $12M led by MizMaa Ventures, with participation from New York Life Ventures, Amdocs, iAngels, Triventures, UpWest, and angel investors. <source>
Prolucent Health, a Dallas, TX-based provider of enterprise-wide healthcare workforce optimization software and services,raised $11.5M co-led by SpringTide Ventures and Health Velocity Capital, with participation from UnityPoint Health Ventures. <source>
Tava Health, a Lehi, UT-based mental healthcare startup, raised $10M led by Rose Park Advisors, with participation from Peterson Partners, Toba Capital, Contrary Capital, SaaS Ventures, and SpringTide Investments. <source>
Proov, a Boulder, CO-based fertility testing company, raised $9.7M led by Hambrecht Ducera Growth Ventures, with participation from SteelSky Ventures, WCC Partners, LightShip Capital, GingerBread Capital, and Portfolia. <source>
HelloHero, a New York, NY-based virtual pediatric therapy platform, raised $7.7M led by Silverton Partners, with participation from Correlation Ventures, Achieve Partners, and Service Provider Capital New England Fund. <source>
Pair Team, a San Francisco, CA-based operational platform and provider of tech-enabled care teams for community health centers, raised $7.3M from NTTVC, Newark Venture Partners, and 8VC. <source>
Uwill, a Needham, MA-based mental health and wellness solution for colleges and students, raised $5.25M from undisclosed investors. <source>
Itiliti Health, an Eden Prairie, MN-based software platform that reduces costs and response times for processing prior authorization for health plans and healthcare providers, raised $2M co-led by Bread and Butter Ventures and Altitude Ventures, with participation from M25, SpringTime Ventures, and Groove Capital. <source>
Therify, a Brooklyn, NY-based platform that connects people with specific needs or wants to therapists who can provide that, raised $1.3M led by SoftBank’s SB Opportunity Fund, with participation from Looking Glass Capital, Y Combinator, Flexport, True Culture Fund, K5 Global, and individual investors. <source>
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