After a year of financial struggles, consumer genomics company 23andMe raised just under $82.5 million in equity funding, according to SEC filings. Veteran health tech investors Sequoia Capital and NewView Capital participated in this latest round, according to the Wall Street Journal.
Historically, 23andMe has had a number of large investments, including a $300 million investment from pharma...
Digital diabetes company Virta scored $65 million in its Series D round led Sequoia Capital Global Equities funding.
This news comes roughly a year after the San Francisco company closed its $93 million Series C financing round. Today it reports raising over $230 million in cumulative funding, pushing its valuation above $1 billion and marking it a unicorn company.
WHAT IT DOES
Virta got its...
Whisper, the maker of artificial intelligence-powered hearing aids, recently closed a $35 million Series B funding round and announced the launch of its first product, the Whisper Hearing System.
The funding round was led by Quiet Capital and had participation from previous lead investors Sequoia Capital and First Round Capital, as well as new investor IVP. With the closing of this round, Whisper...
Digital mental health company Limbix scored $9 million in Series A funding. The new round was led by GSR Ventures with participation from sequoia Capital, Storm Ventures, NexGen Venture Partners and BIXINK Therapeutics.
This comes roughly four months after the Palo Alto-based startup was selected as one of 27 digital health companies in MassChallenge HealthTech’s 2020 accelerator class.
WHAT IT...
After 10 years investing in healthcare for Sequoia Capital, Mike Dixon is moving to Transformation Capital, a dedicated healthcare investor focused on supporting commercialized, growth-sized businesses.
Dixon joins former fellow Sequoia investor Todd Cozzens and Jared Kesselheim, all three of whom hold the title of managing partner at the firm.
MobiHealthNews caught up with Dixon to talk about...
Correction: A previous version of this article misstated who led the investment round.
Clover Health, an insurance startup with a patient engagement bent, has raised $130 million in a round led by existing investor Greenoaks Capital Management. New investors Google Ventures, Palm Drive Capital, and Western Technology Investment and existing investors Sequoia Capital and First Round Capital also...
Google is considering strategic investment in Jawbone, although discussions are in preliminary stages, according to a report from Re/Code.
Update: According to a report from Fortune, BlackRock is considering investing as much as $300 million in Jawbone. Fortune added that its sources said Google is not actively considering an investment.
Re/Code adds Google and Jawbone have not agreed on the size...
Bethesda, Maryland-based cellular-enabled blood glucose meter company Telcare has raised $32.5 million led by Norwest Venture Partners with participation from Mosaic Health Solutions and existing backers The Qualcomm Life Fund and Sequoia Capital. The latest round of funding takes Telcare's total disclosed funding to north of $60 million.
Telcare offers a diabetes management package that includes...
San Antonio-based AirStrip has raised $25 million in strategic funding led by new investor the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust with participation from other existing investors HCA and Qualcomm. Other new investors include two customers -- Dignity Health and St. Joseph Health (SJH) -- and investment bank Leerink Partners.
The company plans to use the...
Bethesda, Maryland-based Telcare, which offers an FDA cleared cellular-enabled glucose monitor and its cloud-based companion system, has scooped up $25.5 million in funding led by new backer Sequoia Capital with participation from its existing investor Qualcomm Life Fund. Telcare will use the funds to build out its marketing, sales, research and development. Telcare had previously raised about $4...
