StartUp Health Insights: Telehealth, Children’s Health, Caregiver Support, African Pharmacies, and More | Week of Jan 11, 2022
This week saw nearly $1.2B in health innovation funding around the globe, with money going to telehealth, children’s health, cancer detection, employer-sponsored healthcare, mental health, caregiver support, African pharmacies, surgical robots, drug discovery, and much more.
As we reported last week, global health innovation funding has reached heights that would have seemed impossible just a year or two ago. 2021 saw twice as much funding as 2020, which itself was a 50% increase over 2019. This new, accelerating growth rate shifts our expectations for the future. Read our 2021 Year-End Insights Report for all the details.
This week’s deals included:
TigerConnect, a Santa Monica, CA-based company that delivers cloud-based clinical communication and collaboration solutions, including telehealth, raised $300M from Vista Equity Partners. <source>
Freenome, a South San Francisco, CA–based platform for early detection of cancer, raised $290M from Roche. <source>
Transcarent, a San Francisco, CA-based company focused on employer-sponsored healthcare, raised $200M led by Kinnevik and Human Capital, with participation from Ally Bridge Group, General Catalyst, GreatPoint Ventures, Threshold Ventures, and Merck Global Health Innovation Fund. <source>
MeMed, a Haifa, Israel-based health tech company developing immune-response tools, raised $93M from Horizons Ventures, Shavit Capital, Social Capital, La Maison Partners, Touchwood Capital, Caesara Medical Holdings, Union Tech Ventures, ClaI Insurance, Phoenix Insurance, Poalim Equity. and Western Technology Investment. <source>
Waymark, a San Francisco, CA-based Medicaid provider-enablement company, raised $45M co-led by Andreessen Horowitz (a16z) and New Enterprise Associates (NEA), with participation from Lux Capital and angel investors. <source>
Chapter, a New York, NY-based technology-driven Medicare Advisor, raised $42M led by Addition, with participation from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core InnovationCapital, and Health2047 Capital Partners. <source>
VitalConnect, a San Jose, CA-based developer of remote and in-hospital wearable biosensor technology, raised $39M from EW Healthcare Partners and other investors. <source>
DeepScribe, a San Francisco, CA-based developer of ambient AI for medical note-taking, raised $30M led by Index Ventures, with participation from Alex Wang, Dylan Field, Bee Partners, Stage II Capital, and 1984 Ventures. <source>
mPharma, a Ghana-based health tech startup building a network of community pharmacies across Africa to be primary healthcare service providers, raised $30M from JAM Fund, Unbound, Lux Capital, Northstar, Social Capital, Novastar, and TO Ventures. <source>
Little Otter, a San Francisco, CA-based digital mental health company for children and their families, raised $22M led by CRV, with participation from Torch Capital, Vast Ventures, Hinsdale, Boxgroup, Able, Carrie Penner Walton, G9, Springbank Collective, and angel investors. <source>
Kiddo (fka as Good Parents), a San Francisco, CA-based digital health startup focused on managing care for kids with chronic health conditions, raised $16M led by Vive Collective, with participation from Wavemaker 360, Wavemaker Asia Pacific, Mojo Partners, and Techstars. <source>
VeriSIM Life, a San Francisco, CA-based AI-enabled R&D decisions de-risker for breakthrough drug development, raised $15M led by Morpheus Ventures, with participation from Debiopharm Innovation Fund, Colorcon Ventures, OCA Ventures, Intel Capital, Serra Ventures, and Susa Ventures. <source>
ianacare, a Boston, MA-based caregiver support platform, raised $12.1M led by Greycroft, with participation from 8VC, SemperVirensVC, Able Partners, Brown Alumni Group, Slow, Founder Collective, Indicator Venture, Entrée Capital, and CueBall. <source>
Diana Health, a New York, NY-based maternity and women’s health startup, raised $11M co-led by LRVHealth and .406 Ventures, with participation from AlleyCorp. <source>
Curi Bio, a Seattle, WA-based developer of human stem cell-based platforms for drug discovery, raised $10M led by Dynamk Capital, with participation from UTC Investment and DS Asset Management. <source>
headversity, a Calgary, AB-based provider of preventative mental health training technology for employers, raised $10M led by Level Equity, with participation from Westcap Management and Birchcliff Partners. <source>
Protai, a Tel Aviv, Israel-based tech startup focused on drug discovery using proteomics and ML, raised $8M led by Grove Ventures and Pitango HealthTech. <source>
CoPilot Systems, a Pittsburgh, PA-based fitness tech company, raised a $5.6M led by Hyde Park Venture Partners, with participation from TenOneTen Ventures, Alpha Edison, Maven Ventures, Rise of the Rest, and Sandalphon Capital. <source>
Caira Surgical, a New York, NY-based computer-assisted navigation system for joint replacement surgery, raised $5M from Mountain State Capital, Snowboat BV, and Haventure. <source>
Strados Labs, a Philadelphia, PA-based medtech startup focused on respiratory diseases, raised $4.5M from SOSV, cultivate(MD), Wavemaker360 Health, Blu Venture Investors, and Broad Street Angels. <source>
GB HealthWatch, a San Diego, CA-based genetic-based preventive health company, raised $3.5M from Trinity Power. <source>
Mine’d, a New York, NY-based emotional health digital platform and wellness network, raised $3.5M led by Listen Ventures, with participation from WNDRCO, Able Partners, Joyance Partners, Route 66 Ventures, Ed Baker, and Jillionaire. <source>
Labrador Systems, a Calabasas, CA-based tech company developing assistive robots, raised $3.1M co-led by Alexa Fund and iRobot Ventures, with participation from SOSV and Grep VC. <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.
Investors: Learn how you can invest in Health Moonshots through StartUp Health’s impact fund.
Digital health entrepreneur? Don’t make the journey alone. Learn more about the StartUp Health Community and how StartUp Health invests.
