Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX.
A range of university endowments, pension funds, medical institutions, foundations, family offices and sovereign wealth funds invested in the funds.
WHAT IT...
San Francisco-based Augmedix, which makes a smartglass-based remote scribe platform to reduce the amount of time physicians spend on EHR charting, has raised $23 million in a round led by new investors McKesson Ventures and OrbiMed. Previously, the company raised $17 million, and this latest round brings the company’s total funding to over $60 million.
The funds will be used to build out Augmedix...
Healthcare-focused secure messaging company TigerText has raised $50 million led by Norwest Venture Partners with participation from Invus Group and Accolade Partners, as well as existing investors Shasta Ventures, OrbiMed, and Reed Elsevier. This brings the company's total funding to $79.2 million.
TigerText offers a secure messaging app, available on iOS and Android devices, as well as an API...
Secure messaging platform TigerText raised $21 million in second round funding to expand its business. Shasta Ventures led the round, with new investors OrbiMed, Reed Elsevier Ventures, and TELUS Corporation also contributing. Existing investors Easton Capital, New Leaf Venture Partners, and New Science Ventures made up the rest of the round.
"[Shasta Ventures] have a really significant...
