Investing

Numerous students sitting in a classroom with a vantage point from the front
By  Jessica Hagen 04:50 pm August 8, 2023
Daybreak Health, a digital mental health company for children and teens focused on schools, has raised $13 million in Series B funding led by Union Square Ventures, bringing its total raise to $25 million.  Existing investors Maven Ventures, Lightspeed Venture Partners and Y Combinator participated in the round alongside new investor Lux Capital.   WHAT THEY DO Daybreak partners with schools and...
Shawn Ellis, managing partner at Distributed Ventures
By  Jessica Hagen 12:46 pm August 4, 2023
Chicago-based early-stage venture capital firm Distributed Ventures, born out of NFP Ventures, announced it had closed $100 million in total commitments last month, which it plans to use to invest in insurtech, fintech and digital health. Shawn Ellis, managing partner at Distributed Ventures, joined MobiHealthNews to discuss how the company is uniquely positioned to cultivate growth in the...
Two people sitting down while looking at a computer with a healthcare provider on the screen
By  Jessica Hagen 05:26 pm August 3, 2023
Virtual primary care company TytoCare announced it garnered an additional $49 million in growth funding. Existing investor Insight Partners led the round, with participation from new investors MemorialCare, Clal and Healthcare of Ontario Pension Plan. WHAT IT DOES The Israeli health tech company provides virtual care via its AI-enabled TytoCare Home Smart Clinic, which allows clinicians to...
Person on a tablet holding a prescription bottle in their hand while sitting next to a window
By  Jessica Hagen 02:41 pm August 1, 2023
FeelBetter, a machine learning-enabled medication-management platform focused on polypharmacy, announced it secured $5.9 million in funding led by Firstime Ventures and Shoni Health Ventures.  Random Forest VC, The Group Ventures, and existing FeelBetter investor Triventures also participated in the round.  The latest round brings the company's total raise to $8 million. WHAT IT DOES FeelBetter...
A person using the Halodoc mobile app
By  Adam Ang 12:36 am July 31, 2023
Indonesian health tech company Halodoc has raised $100 million in a Series D funding round led by Astra Digital, a subsidiary of diversified conglomerate Astra International. The round was also joined by Openspace and Novo Holdings. Established in 2016, Halodoc provides online integrated health services, which include telemedicine, medicine ordering, lab test and doctor appointment booking, third...
Two surgeons looking down at a camera with scrubs on while holding surgical tools
By  Jessica Hagen 03:42 pm July 28, 2023
AI-enabled surgical technology company Proprio announced it secured $43 million in Series B funding from new and existing investors, including Bird B. WHAT IT DOES The Seattle-based company offers an FDA-cleared surgical navigation platform dubbed Paradigm, which utilizes light field technology and artificial intelligence to generate 3D visualization of surgery, allowing for intraoperative scans...
Two healthcare providers standing in front and evaluating brain imaging scans
By  Jessica Hagen 04:30 pm July 26, 2023
Octave Bioscience, a company focused on delivering precision medicine for neurodegenerative diseases like multiple sclerosis, announced it closed a $30 million extension to its Series B round. Hikma Pharmaceuticals' venture capital arm, Hikma Ventures, participated in the round alongside Novartis (dRx Capital) and Intermountain Ventures. Existing investors Echo Health Ventures, Deerfield...
Person looking at images projected onto a wall with a city in the background
By  Jessica Hagen 05:08 pm July 25, 2023
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, added $15 million in funding to its seed round, bringing its total raise to $65 million since its launch in May. The California-based company also announced its Founding Partner Program. It is partnering with healthcare systems and digital health companies to guide the development of its...
Person in a red shirt sitting next to someone in a hospital gown lying in a bed
By  Jessica Hagen 05:22 pm July 20, 2023
Family First, which provides employers and health plans with a technology platform to support caregivers' mental health and wellbeing, secured $11 million in Series A funding. RPM Ventures and Eos Venture Partners led the round, with participation from Stephen Fromm and Wormhole Capital.   "Family First has a holistic, expert approach to solving caregiving problems," Jonathan Kalman, founding...
Healthcare stakeholder sitting at a desk looking at a computer with a headset on
By  Jessica Hagen 12:14 pm July 19, 2023
Healthcare-navigation platform Amino Health has received $42 million in credit financing from Oxford Finance as part of its $80 million raise in May.  WHAT IT DOES The California-based company connects its members with physical and mental healthcare providers and benefits programs, and allows its members to book appointments and keep track of their favorite providers. It also distributes cost and...