Hemant Taneja, CEO and managing director of venture capital firm General Catalyst, and Dr. Marc Harrison, former CEO of Intermountain Health, announced the formation of a new business venture owned by General Catalyst dubbed the Health Assurance Transformation Corporation (HATCo) that will see Harrison as its CEO.
The pair also announced the intent to buy a health system that will put technology...
Mental health platform Headway announced it closed a $125 million Series C funding round led by Spark Capital, boosting its valuation to more than $1 billion.
Existing investors a16z, Accel and Thrive participated in the round, as well as new strategic investors led by Health Care Service Corp.
Will Reed, general partner at Spark Capital, will join the company's board of directors.
WHAT THEY...
Maternity-focused digital health company Diana Health secured $34 million in Series B funding led by Norwest Ventures Partners, bringing its total raise to $46 million.
Existing investors LRVHealth and .406 Ventures participated in the round, as did AlleyCorp.
WHAT IT DOES
The New York-based company partners with hospitals and health systems to offer tech-enabled OB-GYN and women's health...
FlexifyMe expanding beyond India with $1M seed funding
FlexifyMe, a health tech platform for chronic musculoskeletal pain management, has raised $1 million in a seed funding round led by Flipkart Ventures. This round also drew participation from GSF, iHub Anubhuti, Chandigarh Angels, Venture Catalyst, and OneCapital, among other investors.
Launched in 2021, the Indian startup combines traditional...
Cortica, a hybrid provider that develops care programs for individuals with autism, announced it closed a $40 million strategic Series D extension, bringing its total Series D raise to $115 million.
The round was led by CVS Health Ventures, with participation by Ascension Investment Management, LRVHealth and the University of Wisconsin Foundation.
WHAT IT DOES
Cortica offers virtual and in-...
India-based Doceree, a programmatic marketing platform for pharmaceutical and life sciences companies to reach healthcare professionals, announced it scored $35 million in Series B funding led by Creaegis.
Existing investors F-Prime Capital and Eight Roads Ventures also participated in the round.
The company, founded in 2019, will use the funds to expand its workforce, speed up product...
Indian dermatology startup Clinikally has raised $2.6 million in a recent funding round attended by Y Combinator, Tribe Capital, Goodwater Capital, Sequoia Scout Fund, Rebel Fund and some angel investors.
Launched in 2021, the digital health company runs a web-based teledermatology platform. It provides prescription-grade hair and skin products from its partners and offers door-to-door delivery...
Cancer detection technology startup Adela announced it secured $48 million in funding, bringing its total raise to $108 million.
Labcorp joined the round as a new investor alongside existing investors OrbiMed, Decheng Capital, F-Prime Capital, Deerfield Management and RA Capital Management.
Adela also named Lisa Alderson as its interim CEO. Alderson has served on the company's board of...
Diligent Robotics, maker of the autonomous clinical support robot Moxi, announced it scored $25 million in new funding.
Canaan led the round, with participation from existing investors DNX Ventures, True Ventures and Next Coast Ventures, and new investor Northwestern Medicine Innovation.
Rich Boyle, general partner at Canaan, will join Diligent Robotics' board of directors.
WHAT THEY DO...
The Access to Prescription Digital Therapeutics Act, initially introduced in the U.S. Senate in 2022 and reintroduced in March of this year, aims to amend the Social Security Act to provide Medicare and Medicaid coverage and reimbursement for prescription digital therapeutics.
Jennifer Mathieu, senior vice president of professional and government affairs at the Academy of Managed Care Pharmacy (...
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