New York City-based startup Trovo Health, which offers an AI-powered platform backed by a multidisciplinary clinical team that assists providers with complex tasks, announced its launch with $15 million in seed funding.
Oak HC/FT led the round. Cofounder and managing partner at Oak HC/FT, Andrew Adams, will join Trovo's board of directors.
The company will use the funds to build its technology...
Alaffia Health, which creates genAI solutions for health insurance claims, secured $10 million in Series A funding, bringing its total raise to $17.6 million.
FirstMark Capital led the funding round with participation from GingerBread Capital and existing investors Aperture Venture Capital, Anthemis, 1984 Ventures, Tau Ventures and Remarkable Ventures.
Amish Jani, founder and partner of...
Phoenix-based Dot Compliance, which provides an AI-powered quality management system for compliance, announced it closed $17.5 million in Series B extension funding, bringing its total funding to $50 million.
The funding round was led by existing investors IGP Capital and Vertex Ventures with additional investment from TPY Capital.
WHAT IT DOES
Dot Compliance AI solutions provide a vendor-...
Provider-focused digital mental health company Grow Therapy announced it has closed $88 million in Series C funding.
Sequoia Capital led the round, with additional investment from Growth Equity at Goldman Sachs Alternatives and PLUS Capital. Several artists and athletes also contributed to the round, including Dak Prescott, Anna Kendrick, Joe Burrow, Lily Collins and Jrue Holiday.
Additionally...
Digital health funding has slowed compared with the massive investment seen last year. But some investors say the downturn could have a positive side for the market.
"It's hard to look at 2021 – which I think in hindsight will turn out to be anomalous – and feel like people were making smart bets, that they were being disciplined, that they were being thoughtful about valuations. I think we're...
Digital health startups raised $2.2 billion across 125 deals in the third quarter this year, marking the lowest-funded quarter since Q4 2019.
The report by Rock Health found digital health funding has reached $12.6 billion across 458 deals so far this year, far below 2021's booming investment landscape. Funding also fell 48% between Q2 and Q3 this year, while the number of deals only dipped 14...
Decentralized clinical trial company Curebase is partnering with Meru Health on a three-year clinical trial to study the effectiveness of Meru's 12-week treatment program aimed at reducing depression among primary care patients.
Meru Health's smartphone-based, therapist-guided treatment program targets depression, burnout and anxiety, while Curebase provides a decentralized clinical trial...
Digital health funding has declined from the blockbuster investment seen in 2021, but a Rock Health report on the first half of the year notes it isn't all doom and gloom for the sector.
The report found U.S. startups raised $10.3 billion across 329 deals in the first half of 2022, with an average deal size of $31.2 million. Though funding in the first quarter of the year was similar to Q1 2021...
NexHealth, a San Francisco-based startup focused on the patient experience, announced a $125 million Series C funding round. Buckley Ventures led the round with participation from Lachy Groom, Jack Altman, Scott Belsky, Shreyas Doshi, Eric Glyman, Shahed Khan, Packy McCormick and Rahul Vohra.
This news comes less than a year after the company announced a $31 million Series B round. The new...
Value-based behavioral health company Forge Health announced an $11 million growth investment led by HC9 Ventures.
WHAT IT DOES
The company is an outpatient provider for mental health conditions and substance abuse treatment that provides care for patients through digital health and in-person clinics.
Currently operating in six states, the company uses multidisciplinary clinical teams and...
