StartUp Health Insights: Quit Genius & avoMD Raise Funding Rounds | Week of Jul 21, 2021
Two StartUp Health portfolio companies — avoMD and Quit Genius — were among this week’s health innovation funding.
More than $740M in health innovation funding was reported this week, including rounds for two StartUp Health portfolio companies: Quit Genius and avoMD.
Quit Genius, a London, UK- and New York, NY-based startup on a mission to end addictive behaviors through digital therapeutics, raised a $64M Series B co-led by Kinnevik and Atomico, with participation from Triple Point Ventures, Octopus Ventures and StartUp Health. <source>
avoMD, a New York, NY-based startup on a mission to increase the adoption of evidence-based medicine and other critical information at the point of care, raised $3M from Dunamu, Mirae Asset Global Investments, SpringCamp, FuturePlay, and World Trade Ventures. <source>
Other recent deals included:
TMRW Life Sciences, a New York, NY-based life sciences technology company providing an automated platform for tracking, monitoring, and storage of frozen eggs and embryos used in in vitro fertilization (IVF), raised $105M led by Transformation Capital, with participation from GV, Casdin Capital, Peter Thiel, Anne and Susan Wojcicki, 5AM Ventures, Life Sciences Innovation Fund, and others. Additionally, Signature Bank increased their existing debt facility. <source>
Truveta, a Seattle, WA-based healthcare data services startup, raised $95M from 17 major health systems. <source>
OM1, a Boston, MA-based health technology company focused on real-world outcomes for chronic conditions, raised $85M led by D1 Capital Partners, Kaiser Permanente, and Breyer Capital, with participation from General Catalyst, Polaris Partners, Scale Venture Partners, 7wire Ventures, and Glikvest. <source>
HealthifyMe, a Bangalore, India-based health and fitness app, raised $75M from LeapFrog and Khosla Ventures. <source>
YuLife, a London, UK-based startup that has built a new kind of life insurance concept, raised $70M led by Target Global, with participation from Eurazeo, Latitude, Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd <source>
Castor, an Amsterdam, Netherlands- and New York, NY-based clinical trial process company, raised $45M co-led by Eight Roads Ventures and F-Prime Capital, with participation from Two Sigma Ventures and Inkef Capital. <source>
Spire Health, a San Francisco, CA-based developer of a respiratory remote patient monitoring platform, raised $38M led by Gilde Healthcare Partners. <source>
Swift Medical, a Toronto, ON-based digital wound management platform, raised $35M led by Virgo Investment Group, with participation from, DCVC, BDC Capital’s Women-in-Tech Fund, Claritas Capital, Chrysalis Ventures, Pender Ventures, and Export Development Canada. <source>
BestDoctor, a Moscow, Russia-based online medical insurance platform, raised $26M led by Winter Capital Partners, with participation from VNV Global and UNIQA Ventures. <source>
Eucalyptus, a Sydney, Australia-based telehealth platform, raised $22.3M led by NewView Capital, with participation from Blackbird Ventures, W23, and AirTree Ventures. <source>
Sweetch, a Tel Aviv, Israel-based developer of hyper-personalized engagement solutions for chronic conditions, raised $20M led by Entrée Capital, with participation from Tal Capital, Noaber, Kortex Ventures, FinTLV Ventures, Philips, OurCrowd, and Qure Ventures. <source>
Wecasa, a Paris, France-based marketplace for homecare and wellness, raised €15M ($17.7M) led by Blisce, with participation from Serena, ISAI, and Frédéric Mazzella. <source>
Kno2, Boise, ID- and Scottsdale, AZ-based startup that enables interoperability at scale, raised $15M co-led by Health Enterprise Partners (HEP) and Providence Ventures. <source>
Saranas, a Houston, TX-based medical device company, raised $12.8M led by Baird Capital, with participation from S3 Ventures. <source>
Banjo Health, a Boston, MA-based developer of an AI-driven prior authorization decision support platform, raised $5M led by Epsilon Health Investors, with participation from Spark Growth Ventures and Tau Ventures. <source>
Evvy, a New York, NY-based femtech startup that provides an at-home test kit for the vaginal microbiome, raised $5M led by General Catalyst. <source>
JOON, a Los Angeles, CA-based corporate wellness solution, raised $2.3M led by Alpha Edison, with participation from Rock Health, Jonathan Neman, Alex Bitoun, Roth Martin, Allan Jones, David Baga, Alex Canter, and Anthony and Joe Vennare. <source>
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