Investors

By Laura Lovett May 16, 2019
Prescription refill and delivery platform Phil announced a $25 million Series B fundraise yesterday. The new round was led by GreatPoint Ventures with participation from Tarsadia Investments, Crosslink Capital and Uncork Capital.  WHAT THEY DO The platform pitches itself as a way to automate physician, payer pharmacy workflows while helping patients schedule refills. On the consumer-facing side,...
By Dave Muoio May 15, 2019
Hydrow, maker of a connected rowing exercise product for consumers, has added an additional $7 million to a $20 million Series A round led by L Catterton announced back in February. The add-on funding came from Rx3 Ventures, Wheelhouse, The Raptor Group and The Yard Ventures. In addition, the digital fitness company said in its announcement that has begun shipping its product to 1,000 Indiegogo...
By Dave Muoio May 15, 2019
Solera Health, a digital marketplace for benefit and chronic disease management programs, has raised $42 million in a Series C round led by Health Care Service Corporation subsidy HCSC Ventures. Prior backers BlueCross BlueShield Venture Partners/Sandbox Advantage Fund, Adams Street Partners and SJF Ventures participated as well. WHAT THEY DO Solera’s platform hosts a broad selection of digital...

A Jawbone activity tracker device.

By Dave Muoio May 14, 2019
Wearable activity tracker maker Jawbone may have met its demise in 2017, but even then CEO Hossain Rahman was laying the groundwork for a pivot into the health services business. It now appears that investors are once again willing to back Rahman digital health ambitions, as a new SEC filing reveals that Jawbone Health — the new company founded from the ashes of Jawbone — has raised $65.4 million...
By Dean Koh May 14, 2019
Theranica, an Israel-based biomedical technology company focused on developing advanced electroceuticals for migraine and other prevalent diseases, announced that Omron Ventures has joined its $35M series B funding round, which was announced earlier this March. The investment sum by Omron Ventures has not been disclosed.  Omron Ventures, the venture capital arm of Japan-based Omron Corporation...
By Dave Muoio May 13, 2019
Somerville, Massachusetts-based Podimetrics, maker of a connected device for diabetic foot ulcer detection, has raised $13.4 million in Series B funding. Rock Health, Norwich Ventures and Scientific Health Development each participated in the round. WHAT THEY DO Podimetrics’ platform consists of a cellular-connected SmartMat for use in the home, and a corresponding clinician-facing dashboard....
By Jonah Comstock May 13, 2019
Durham, North Carolina-based RelayOne has raised $500,000 in seed funding from Cofounders Capital, a tech-focused venture fund located in Cary, North Carolina. WHAT THEY DO Founded by two frustrated medical device sales reps, RelayOne is focused on solving communication issues in the operating room. The crux of the problem is that surgeries can often take a longer or shorter time than expected,...
By Dave Muoio May 9, 2019
At-home lab test startup LetsGetChecked has brought in a $30 million Series B raise headed by health IT investment firm LTP. Optum Ventures and Qiming Venture Partners USA also returned to participate in the round. WHAT THEY DO Founded in 2014, the New York City-based company offers consumers a range of lab tests that can be ordered through an online site or partner retailers. Customers receive a...
By Dave Muoio May 8, 2019
San Diego-based MedCrypt, a maker of cybersecurity software for medical devices, has raised $5.3 million in a Series A funding round led by Section 32. Other participants include Eniac Ventures and Y Combinator, the latter of which included MedCrypt as part of its Winter 2019 batch. WHAT THEY DO While many medical device security companies are focusing their efforts on provider customers looking...
By Dave Muoio May 7, 2019
TransformativeMed, maker of EHR-friendly clinician coordination and messaging software, has raised $5.8 million in a Series A financing round led by Alliance of Angels. WHAT THEY DO Built for use within Cerner hospitals, the company’s CORES Value Suite product platform inserts a handful of clinical workflows for different specialties or conditions into the EHR. The software incorporates machine...
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