Investing

Two people in a laboratory looking at a tablet with beakers behind them
By  Jessica Hagen 12:30 pm July 13, 2023
Causaly, a tech company using AI to interpret large datasets and literature, announced it closed a $60 million Series B round led by ICONIQ Growth. Marathon Venture Capital, Index Ventures, Pentech Ventures, EBRD and Visionaries Club also participated in the round, as did former chairman and CEO of Johnson & Johnson Alex Gorsky and CEO and cofounder of Datadog Olivier Pomel.  WHAT IT DOES...
Person sitting in a chair looking out a window with a healthcare provider next to them with their hands on the person's shoulders
By  Jessica Hagen 04:54 pm July 12, 2023
AI-powered senior-focused digital health company CarePredict announced it scored $29 million in Series A-3 investment co-led by Aspire Healthtech Partners and SV Health Investors' Medtech Convergence Fund. Existing investors Las Olas Venture Capital and Secocha Ventures participated in the round, as did individual investors.   WHAT IT DOES CarePredict offers an AI-enabled platform for senior care...
Person inserting a contact lens into their eye
By  Jessica Hagen 11:34 am July 11, 2023
Ophthalmology technology company Smartlens announced it closed a $6.1 million Series A equity financing round led by Ambit Health Ventures.  Stanford University, Sophia Innovation Capital, Graphene Ventures, Plaisance Capital Management, Boutique Venture Partners, Wilson Sonsini Investments and 3E Bioventures also participated in the round. WHAT IT DOES Smartlens offers miLens, an electronics-...
Person looking at digital images on a wall
By  Jessica Hagen 04:01 pm July 10, 2023
U.K.-based immersive technology company FourPlus announced it garnered funding from the U,K.'s national innovation agency, dubbed Innovate UK, to create a mixed reality training platform for pharma companies and the healthcare sector.  FourPlus' immersive technology, including its virtual reality experiences, is used within the life sciences sector for workforce management, 3D asset visualization...
Healthcare provider looking at a tablet while sitting next to a window
By  Jessica Hagen 11:56 am July 10, 2023
A federal judge dismissed a securities class-action lawsuit filed against virtual care company Teladoc Health pertaining to its $18.5 billion merger with chronic care company Livongo.  The complaint, originally filed by shareholder Jeremy Schneider in 2022 on behalf of parties that purchased Teladoc shares between Feb. 2021 and July 2022, alleged the virtual care company's representatives misled...
Lynne Chou O'Keefe, founder and managing partner of Define Ventures
By  Jessica Hagen 10:53 am June 30, 2023
Define Ventures, a venture firm whose portfolio consists of well-known early-stage startups in Silicon Valley, received $460 million in Fund III and Opportunities Funds and is looking to expand its investments in digital health. The firm invested in Folx, which offers virtual healthcare services for the LGBTQ+ community, hybrid women's healthcare provider Tia, digital care management platform...
Person sitting in a wheelchair with a healthcare provider in scrubs standing over them
By  Jessica Hagen 01:52 pm June 29, 2023
Boston-based Author Health, a hybrid care platform for Medicare Advantage members with serious mental illness and substance use disorders, launched with $115 million in financing.  General Atlantic led the round with participation from Flare Capital Partners.  WHAT IT DOES Author Health provides virtual and in-person psychiatric care for Medicare Advantage recipients with a mental illness or...
Surgeons in scrubs looking down at a patient in the operating room
By  Jessica Hagen 12:35 pm June 29, 2023
Augmedics, an augmented reality surgical-navigation platform, has scored $82.5 million in Series D financing led by CPMG.  Evidity Health Capital joins the round as a syndicate partner. Current investors Revival Healthcare Capital, H.I.G. Capital, Almeda Ventures and others participated in the round.  WHAT IT DOES Augmedics xvision Spine System, which received FDA clearance in 2019, utilizes...
Person sitting at a desk looking at a laptop
By  Jessica Hagen 04:47 pm June 26, 2023
AvoMD, an AI-enabled platform that allows clinicians and hospitals to create apps for use at the point of care, announced it closed $5 million in a seed funding round led by AlleyCorp.  Epsilon Health, MedMountain Ventures and Las Olas also participated in the round alongside Dr. Kavita Patel, venture partner at New Enterprise Associates and senior policy advisor at Stanford University, and...
Healthcare provider speaking to a patient while smiling
By  Jessica Hagen 03:43 pm June 23, 2023
Health technology company Aledade announced it scored a whopping $260 million in Series F funding. Lightspeed Venture Partners led the round, with participation from Venrock, Avidity Partners, OMERS Growth Equity and Fidelity Management & Research Company. According to Bloomberg, the latest funding round brings the company's valuation to $3.5 billion, aiding the company in achieving unicorn...