April was a big month for digital health funding, with 15 more deals coming through, totalling an impressive $220 million and bringing the total funding so far this year to $691 million. As we did in February with Oscar, we're excluding the largest deal, Bright Health's $80 million round, from the total because the company in question is a tech-saavy payer, but not a digital health company per se.
In the first quarter of 2016, MobiHealthNews tracked funding for digital health companies that totaled at least $770 million. Some deals were undisclosed amounts. In January, digital health companies raised $471 million across 21 deals. In February, funding reached $197 million across 13 deals, although one of those deals was for an undisclosed amount. March added another 8 deals, totaling $102 million, as we reported in our Q1 funding roundup.
Minneapolis-based tech-savvy payer Bright Health has raised $80 million in a round led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation from Flare Capital Partners. Bright Health is forming exclusive partnerships with a single health system in each market so that the company can better support the relationship between patients and providers. The payer also claims to offer a more integrated technology experience. More
Redwood City, California-based digital medicine company Proteus Digital Health raised $50 million from undisclosed investors. The company’s existing investors include Medtronic, Itochu, St. Jude Medical, and Kaiser Permanente Ventures. This brings the company’s total funding to at least $450 million. More
Mountain View, California-based Livongo Health, the diabetes management company launched two years ago by former Allscripts CEO Glen Tullman, raised $44.5 million from Merck Global Health Innovation Fund, Cowen Private Investments, Sapphire Ventures, Zaffre Investments, the investment arm of Blue Cross Blue Shield of Massachusetts, and Wanxiang America Corporation. This brings the company’s total funding to at least $79.5 million. More
Quartet Health, the behavioral health startup backed by former Congressman Patrick Kennedy, raised $40 million in a second round of funding. GV – formerly Google Ventures – led the funding with participation from existing investors Oak HC/FT Partners, F-Prime Capital Partners, and Polaris Partners. Krishna Yeshwant, general partner at GV, will join Quartet’s board of directors. Quartet will use the capital to scale its platform to more major markets across the country and to expand its team of technologists, data scientists and clinicians, said CEO and founder Arun Gupta. More
Santa Monica, California-based Brighter raised $21 million in a round led by General Catalyst Partners with participation from DAG Ventures as well as existing investors Mayfield, Benchmark, and Tenaya. Brighter has developed a site that helps users find and compare dentists. The service allows users to compare out-of-pocket expenses based on the user’s health plan, view provider profiles that include background and credentials, see reviews from other patients, and schedule appointments online. More
Augmedix, a San Francisco-based startup that uses Google Glass to reduce the time physicians spend on documentation, raised $17 million in strategic investments in a round that includes some of its largest health plan customers: Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), TriHealth Inc. and one other which chose to remain anonymous. Some traditional VCs also participated: Redmile Group led the round; Emergence Capital and DCM Ventures also contributed. More
Columbus, Ohio-based CrossChx, which has developed a secure, tablet-based patient check-in system, called Queue, raised $15 million from Silicon Valley Bank, Khosla Ventures, Drive Capital, NCT Ventures, and Moonshots Capital. CrossChx’s Queue is a kiosk that patients can use to sign in before they sit in the waiting room. Some questions the kiosk might ask include the reason for the patient’s visit, the last four numbers of the patient’s social security number, a phone number, and date of birth. After checking in, patients wait in the lobby and a wall-mounted display, called Dash Queue, will keep them informed of their place in line. More
Australia-based ResApp, a public company, raised $9.74 million ($12.5 million Australian dollars) for its product, a smartphone-based system for diagnosing respiratory conditions. The company sold 62.5 million new ordinary shares at $0.16 ($0.20 AU) per share. The company plans to use the new funds for its FDA clearance application and expand its offering in the US to in-clinic use, which includes emergency department and outpatient settings. More
Unispectral, an Israeli startup developing technology created at Tel Aviv University, raised $7.5 million. The round was led by Jerusalem Venture Partners, Robert Bosch Venture Capital, Samsung Catalyst Fund and The Tel Aviv University Technology Innovation Momentum Fund. Unispectral is developing a hyper-spectral digital camera that could eventually be built into a smartphone, and could be used for food analysis. More
San Francisco-based Naya Health, which is developing health tech products for mothers, raised $4 million in seed funding from Tandem Capital, S-Cubed Capital, NewGen Partners, Astia Angels, and Stanford’s StartX. It has also announced that its first product, a smartphone-connected breast pump, is available for preorder. More
Greenville, South Carolina-based ChartSpan Medical Technologies raised $3.2 million from a Texas-based syndicate of investors. This brings the company’s total funding to $6 million. ChartSpan will use the funds to hire more than 300 clinical and technology professionals in the next year. More
New York City-based CareDox raised $2.8 million in a round led by Texo Ventures and Prolog Ventures for its online and mobile platform that stores student health data. CareDox also raised $1.5 million in venture debt agreement with Western Technology Investment. Existing CareDox investors include First Round Capital, Charles River Ventures, Band of Angels, and Giza Ventures. This brings the company’s total funding to $6.9 million to date. CareDox was rebranded from another product, called MotherKnows, which was an online health record service that allowed parents to view their child’s medical records via the web or mobile applications. More
BioBeats, which is developing a wellness tracking platform for consumers, health systems, and corporate wellness programs, raised $2.28 million from White Cloud Capital, AXA Strategic Ventures, and IQ Capital. This brings the company’s total funding to date to at least $3.6 million. More
Austin, Texas-based EverlyWell raised $2.5 million for an at-home lab test service and announced its public beta launch. EverlyWell currently offers three different lab tests: food sensitivity ($199), women’s health and fertility ($399), and its elements panel ($199). More
Madison, Wisconsin-based EnsoData raised $550,000 in a round led by HealthX Ventures for its sleep data analysis software. The startup has already gone through a fellowship with Y Combinator and graduated from Gener8or’s gBeta accelerator. The company’s first product, a web application called EnsoSleep that analyzes sleep data, began as a research effort at the University of Wisconsin. EnsoSleep is designed for sleep clinics ranging in size from small private practices to large integrated health systems. More