Digital health investment has slowed so far this year following blockbuster funding in 2021. Mental and behavioral health startups, which drew plenty of investor dollars in the wake of the COVID-19 pandemic, aren't immune from the downturn.
There was a lot of hype surrounding virtual mental health tools during the pandemic, and a variety of startups focused on lower-acuity conditions like anxiety...
PeerWell, maker of an app that helps patients prepare for and recover from surgery, has raised $6.5 million in Series A funding. OMERS Ventures led the round, which also included previous backer Xseed Capital.
WHAT THEY DO
The company works with various payers and stakeholders to help members with musculoskeletal conditions through their surgery process.
Before the surgery patients can log in to...
Toronto-based Interaxon, creator of the Muse EEG-sensing headband, has raised $11.6 million ($14.8 million CAD) in a round led by Trend Forward Capital, Export Development Canada, and OMERS Ventures. Epic Capital Management and Bridge Builders Collaborative also contributed to the round.
Interaxon raised $287,000 for Muse in late 2012 and officially launched the product in 2014, one of a handful...
The founders of Kobo, an eReader device company that rivaled Amazon's Kindle, have raised $4 million in seed funding for their next venture: Toronto-based mobile health startup League. The new startup is developing a digital health platform focused on preventative health. League's seed round was led by OMERS Ventures with participation from Foundation Capital, Real Ventures and Infinite Potential...
