Finance

Executives reviewing data
By  Anthony Vecchione 01:29 pm February 10, 2025
Boston-based fintech company Lynx, which aims to simplify healthcare payments and administration, announced it closed an oversubscribed $27 million Series A funding round. The funding brings the company's total raise to more than $44 million since it launched in 2022.  The round was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing...
Technician working in a lab
By  Anthony Vecchione 01:10 pm February 6, 2025
Andreessen Horowitz (a16z) Bio + Health announced it is partnering with pharma giant Eli Lilly and Company to form a new venture capital fund, dubbed the Biotech Ecosystem Venture Fund. The aim of the fund is to drive transformative progress in healthcare by investing in therapeutic platforms and cutting-edge technology companies. The fund will be managed by a16z Bio + Health and deploy up to $...
Person sitting on a couch while holding a cup and talking to a healthcare provider on their computer
By  Jessica Hagen 04:51 pm February 5, 2025
New York-based virtual care company Teladoc Health announced it has signed a definitive agreement to acquire virtual preventative care company Catapult Health in an all-cash deal worth $65 million. The deal includes an additional $5 million in contingent earnout consideration, meaning Teladoc agrees to pay additional cash or provide equity interests to Catapult should certain events occur after...
Executives in a meeting
By  Anthony Vecchione 02:12 pm February 5, 2025
Venture Capital firm General Catalyst announced the creation of a new wealth management business, GC Wealth. GC Wealth aims to support clients from their earliest stages through their evolution. The business will offer "specialized support, responsible collaboration and unique experiences that connect clients to global transformations shaping the future."  It will focus on prioritizing fee...
Two people sitting across from each other at a desk and shaking hands
By  Nathan Eddy 11:24 am February 4, 2025
Oxford Science Enterprises (OSE) and Cedars-Sinai Intellectual Property Company announced a partnership to support health-tech startups expanding from the United Kingdom to the United States. The collaboration will provide funding, resources and market access to emerging companies developing healthcare technologies to accelerate the adoption of AI-driven healthcare tools by combining Oxford's...
Healthcare provider talking on the phone while looking at a chart
By  Anthony Vecchione 05:31 pm January 30, 2025
NeuroFlow, a behavioral health technology and analytics company, announced it acquired virtual mental and behavioral health platform Quartet Health in a deal that is expected to close at the end of January. NeuroFlow’s technology and analytics platform combines behavioral health into physical health workflows while focusing on the "enablement of care delivery and visibility into quality and risk...
Technician performing ultrasound
By  Anthony Vecchione 01:03 pm January 30, 2025
Sound Blade Medical, a medical device company that develops handheld ultrasound-guided histotripsy technology, announced it raised $16.5 million in Series A funding. The round was coled by Amzak Health and Lumira Ventures, with participation from Invest Nova Scotia.  WHAT IT DOES Sound Blade Medical develops handheld histotripsy technology, a noninvasive, non-ionizing and non-thermal ablation...
Headshot of Robert F. Kennedy Jr.
By  Anthony Vecchione 02:16 pm January 29, 2025
At his confirmation hearing on Wednesday before the Senate Finance Committee, Robert F. Kennedy Jr., Trump's controversial pick to lead the Health and Human Services, said rural hospitals will be a priority if he is confirmed as health secretary. Kennedy told the committee that President Trump is determined to end the "hemorrhage of rural hospitals" through the use of AI and telemedicine, and...
Healthcare professional counselling a person
By  Anthony Vecchione 02:09 pm January 28, 2025
Eleos, an AI behavioral healthcare company, announced it raised $60 million in a Series C funding round, bringing its total raise to more than $120 million. The round was led by Greenfield Partners, with participation from existing investors F-Prime Capital, Eight Roads, Menlo Ventures and ION. Additional investors include the Michael & Susan Dell Foundation, Union Tech Ventures and...
Technician performing an ultrasound exam
By  Anthony Vecchione 01:56 pm January 28, 2025
Neurotechnology company, Grey Matter Neurosciences, announced it secured $14 million in seed financing, which will be used to develop an ultrasound headset for individuals with Alzheimer's disease and test that device in clinical trials. The financing was led by the Wittington Innovation Fund, with participation from Toronto Innovation Acceleration Partners, Ontario Brain Institute and Ontario's...