Neuropathic Pain Startup Raises $65M | StartUp Health Insights: Week of Jan 9, 2024
Other health innovation companies reporting funding this week include startups focused on an AI assistant for medical practitioners, virtual mental health, AI for medical records, data-driven patient navigation, a digital health platform for women of color, and more.
This week’s reported health innovation funding included:
Nalu Medical, a Carlsbad, CA-based company focused on chronic neuropathic pain, raised $65M led by Novo Holdings, with participation from Gilde Healthcare, MVM Partners, Endeavor Vision, Decheng Capital, Longitude Capital, Advent Life Sciences, Pura Vida, and Aperture Venture Partners. <source>
Apollo Therapeutics, a Cambridge, UK-based biopharmaceutical startup focused on translating fundamental medical research into medicines, raised $33.5M led by Patient Square Capital, with participation from M&G plc, two of the largest US public pension plans, Rock Springs Capital, and other existing investors. <source>
Nabla, a Boston, MA-based provider of an ambient AI assistant for practitioners, raised $24M led by Cathay Innovation, with participation from Zebox Ventures. <source>
Tava Health, a Salt Lake City, UT-based virtual mental health company, raised $16M from undisclosed investors. <source>
DigitalOwl, a Tel Aviv, Israel- and New York, NY-based insurance technology company that utilizes advanced AI to interpret and transform medical records into a comprehensive and interactive digital underwriting abstract, raised $12M from RGA. <source>
Arbital Health, a San Francisco, CA-based tech startup that works as a neutral third-party adjudicator of outcomes-based contracts for the healthcare industry, raised $10M led by Transformation Capital, with participation from Shaper Capital, Healthy Ventures, Flex Capital, and Underdog Labs. <source>
Care Continuity, an Irving, TX-based company which specializes in data-driven patient navigation, raised $10M led by Empactful Capital & Viewside Capital Partners, with participation from Flat Creek Capital and Loop 289 Limited Partners. <source>
XRHealth, a Boston, MA-based healthcare platform providing therapeutic care virtual rooms, raised $6M led by Asabys Partners, with participation from NOVA Prime Fund and current investors. <source>
Credo Health, a Denver, CO-based startup that specializes in technology for value-based care, raised $5.25M led by FCA Venture Partners, with participation from Hannah Grey VC, FirstMile Ventures, and Springtime Ventures. <source>
Health In Her HUE, a New York, NY-based provider of a digital health platform that connects women of color to culturally-sensitive healthcare providers and health information, raised $3M led by Seae Ventures, with participation from Johnson & Johnson Impact Ventures, Morgan Stanley Inclusive Ventures Lab, Genius Guild, HBCU Founders Fund, Stanford Impact Fund, and angel investors. <source>
QuantHealth, a Tel Aviv, Israel-based AI-powered clinical trial design company that simulates clinical trials, raised $2M from Accenture Ventures, with participation from a CRO firm and additional investors. <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.
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