Denver-based Welltok, the health management company that makes the CafeWell Health Optimization Platform, has raised $33.7 million in Series E funding. Additionally, the company secured a new debt facility that equips Welltok with $13 million of expanded borrowing capacity. The combined financing will be used for continued development of CafeWell, other complementary digital healthcare service...
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...
Qualcomm Life Fund's Jack Young
More than $4 billion has been invested in digital health startups in the past three years, Qualcomm Life Fund's director Jack Young told attendees at HIMSS' Venture+ event at the mHealth Summit this week, and that means those investors are expecting a total return of about $15 billion in the next five to seven years. Young said the excitement in digital health...
San Francisco-based Practice Fusion, which offers providers free electronic medical records software and patient management tools, has added another $15 million to its coffers, bringing its latest round of funding up to $85 million. Qualcomm Life Fund led the round with participation from new backer Longitude Capital and returning Practice Fusion investors Artis Ventures, Industry Ventures and...
Noom, a developer of Android health management apps, raised $2.6 million in its first venture round to expand its flagship product, the Noom Weight Loss Coach, into Korea. The round was led by m8 Capital, a UK-based firm that invests exclusively in mobile technologies. Its portfolio includes memory-enhancement app Evernote. Also contributing to Noom's latest round were Qualcomm Ventures, Harbor...
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...
"The reality of today’s funding environment for digital health entrepreneurs is that it’s traditional tech investors who have the lion’s share of the money, while most long-time healthcare investors are on the ropes, contending with fleeing LPs and at least the perception of disappointing returns," pharmaceutical company executive David Shaywitz writes in his most recent (must-read) column for...
San Francisco-based AliveCor, which has developed the iPhoneECG and iCard ECG, electrocardiogram peripheral devices for smartphones, has raised $10.5 million in its second round of funding. New investor Khosla Ventures led the latest round of funding along with return backer Burrill & Company. Existing investors Qualcomm Life Fund and Oklahoma Life Sciences Fund also contributed. AliveCor,...
Hello Health, the patient platform management subsidiary of Myca Health, announced that it raised $10 million in new funding this week. Hello Health enables patients to visit with physicians right from their desks via real-time, HIPAA-compliant, online video chats, text messages, instant messaging, and email. Fast Company magazine once summed up the Hello Health platform as the “Facebook of...
AliveCor's iPhoneECG device, which was the talk of CES in 2011, is close to securing a CE Mark, paving the way for the device to roll out commercially in Europe. At least one speaker at the HIMSS event last week and at least one report coming out of the Burrill Digital Health Meeting earlier this month, claimed that the iPhone ECG's CE Mark was already secured. AliveCor founder Dr. David Albert...
