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...
This morning, value-based care startup Vytalize Health announced a $50 million Series B funding round. The latest infusion of capital was led by Enhanced Healthcare Partners with participation from Kittyhawk Ventures, Kawn Ventures, NorthCoast Ventures and other existing investors.
This new funding round brings the company's total raise to roughly $70 million.
WHAT IT DOES
Founded in 2014,...
Patient engagement company Reema Health scored $8 million in seed funding for its platform designed to help the difficult-to-reach patients get care.
This new infusion of cash brings the Minneapolis-based startup's total funding to $10 million.
WHAT IT DOES
The company created a platform that helps support patients in accessing care and other resources that impact social determinants of health...
Jeenie, an on-demand digital medical-interpreting platform, announced a $9.3 million Series A funding round led by Transformation Capital. This new infusion of cash is expected to help the company grow its team and interpretation product.
"We created Jeenie as a mobile interpreting platform that connects you, the user, to a live interpreter on any device you already own for on-demand language...
TimeDoc Health, a virtual patient management and outreach platform, scored $48.5 million in a Series B funding round led by Aldrich Capital Partners.
This comes roughly two years after the Chicago-based company closed its $5.7 million Series A round. According to Crunchbase, this new infusion of cash brings the startup's total raise to just under $40 million.
WHAT IT DOES
The company pitches...
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