There was a massive influx of capital provided to digital health companies in 2021, but there's since been a contraction in the public market, with digital health funding decreasing.
Still, with the increased investments seen last year, companies' valuations rose and many gained unicorn status, a term given to privately held companies valued at a billion dollars or more.
But were companies...
Watertown, Massachusetts-based Firefly Health has closed its $40 million Series B funding round, led by Andreessen Horowitz.
The health navigation and concierge platform also got backing from previous investors F-Prime Capital and Oak HC/FT.
Along with the funding, the company has added a16z General Partner Julie Yoo to its board of directors, which is led by Jonathan Bush, cofounder and former...
In-home care provider DispatchHealth scored a whopping $200 million in Series D financing. Tiger Global led the round with participation from Alta Partners, Echo Health Ventures, Humana, Oak HC/FT and Questa Capital.
This investment bumps the company’s valuation to $1.7 billion, making it part of the ever-expanding unicorn club. In June the company closed its $138.5 million Series C funding.
WHAT...
Digital mental health company Cerebral announced that it closed its Series A funding round with $35 million. The investment was led by Oak HC/FT with participation from Westcap, Liquid 2 Ventures, Gaingels, Air Angels and other unnamed investors.
WHAT IT DOES
Cerebral is a membership service that offers clients telehealth visits with a provider and monthly chats with a care counselor. After a...
Just two months after closing its Series B funding, Truepill, a digital pharmacy that focuses on APIs, telehealth practitioners and pharmacy fulfillment services, announced a new $75 million Series C funding round.
The funding, which will help kick off the company's at-home lab testing efforts, was led by Oak HC/FT with participation from Optum Ventures, TI Platform Management, Sound Ventures...
This morning, female-focused digital clinic Maven announced a $45 million raise in a Series C round of funding. The round was led by Icon Ventures with participation from Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund and Harmony Partners. It also included individual investors made up of Hollywood A-listers and tech entrepreneurs including Reese Witherspoon, Natalie Portman, ...
This morning Firefly Health, a Boston-based health navigation and concierge platform, announced a $10.2 million Series A funding round led by F-Prime Capital and Oak HC/FT.
This news coincides with a slew of board seat announcements, most notable of which is Jonathan Bush, cofounder and former CEO of athenahealth, who will be joining the team as executive chairman.
“I have spent my entire...
Quartet Health, a startup focused on behavioral health and primary care, has brought in another $60 million in funding, bringing its total raise to $153 million. The Series D round was headlined by Centene Corporation, with support from returning backers F-Prime Capital Partners, GV, Oak HC/FT and Polaris Partners.
WHAT THEY DO
Quartet’s integrated platform links providers, payers and services...
When it comes to healthcare, Google is no longer just a tool for searching symptoms at 1 a.m. The tech giant is quickly making its mark in the health industry, from fitness apps to EHR patents, and all eyes are on how the company could be a disruptive force. So far the tech giant has already seen some challenges and successes.
While Google has made headlines in health news within the last few...
San Francisco-based Ooda Health, a new startup focused on decreasing waste and inefficiency in the area of healthcare administration, has raised $40.5 million in a Series A round that’s notable in a couple of ways: for one, the company’s veteran founders, including Castlight Health founder Dr. Giovanni Colella, chose to work exclusively with VCs with at least one woman partner. For another, the...
