Consumer-focused health technology companies raised $398 million from 103 investment deals in the first quarter of 2014, according to a report from Mercom Capital Group.
When Mercom Capital Group broke this category down further, it found the majority of the funding came from mobile health companies, which raised $198 million in 61 deals. The second highest total was from telehealth companies, $...
Sarasota, Florida-based Voalte, which offers a suite of smartphone-based communication tools to nurses and other hospital caregivers, has raised $36 million in a new investment round led by Bedford Funding. Voalte last announced a round of funding back in late 2012 when it scooped up $6 million from an undisclosed health IT company and an undisclosed healthcare system.
Voalte also recently...
Earlier this year IBM announced that it would invest $100 million into startups that integrate with Watson, its super computing platform, through a new investment fund called Watson Fund. IBM announced that it had helped contribute to health social network company WellTok's $22 million third round of funding, which was led by New Enterprise Associates and included participation from another new...
Madison, Wisconsin-based Asthmapolis, which offers a FDA-cleared inhaler sensor and app for people with asthma, COPD, or cystic fibrosis, announced that it has raised $5 million in its first round of funding. The investment was led by The Social+Capital Partnership, a relatively new venture fund started by Chamath Palihapitiya, an early executive at Facebook who left to start the investment fund...
Minnesota-based aging in place technology company Healthsense has raised $7 million in its fourth round of funding led by new investors Merck Global Health Innovation Fund and Fallon Community Health Plan. Healthsense offers a remote monitoring platform for the senior care market called eNeighbor, a WiFi-enabled passive monitoring service that alerts care givers to emergencies like falls.
The...
This week healthcare incubator StartUp Health announced its inaugural class of 10 Healthcare Transformers, who will go through a three-year curriculum designed to help them better navigate the world of healthcare. StartUp Health's first class is full of known entities in the world of healthcare startups. Among those chosen for the first class: founders from Basis, MotherKnows, Medivo, and...
"The entrepreneurs in the mHealth space tend to be young and often new to healthcare, though of course there are the exceptions-those few old-timers who remember the days before iPhones were issued upon one’s birth," Lisa Suennen, a founding partner at investment firm Psilos Group, wrote last week in a widely syndicated (must-read) column about her experiences at the mHealth Summit. "The young...
Hear that? It's the sound of tens of millions of dollars flowing into mobile health.
In July alone we reported on $138 million in investment deals, which included a whopping $61 million for ClearPractice's parent company, $35 million for a sleep device maker, and a $25 million investment promised by Dr. Patrick Soon-Shiong in his new joint venture with Toumaz. Most investments, of course, were...
Best Buy Capital, the investment arm of Best Buy, led a $5.5 million second round of investment in mobile health company Valencell. Best Buy was joined by return backers TDF and True Ventures, which participated in the company's $1 million round in November 2009. True Ventures, of course, has also invested in one of the biggest names in connected fitness: FitBit.
Valencell's Healthset powered...
NeuroVigil, the La Jolla, Calif.-based neurotechnology company that created the non-invasive iBrain wireless EEG sensor, announced Monday that it had closed on its first round of venture financing. The unspecified investment was led by "an anonymous American industrialist and technology visionary, with participants distributed across the U.S. West and East coasts," the company says in a press...
