Investors

By Dave Muoio August 9, 2018
Boston-based digital therapeutics company Akili Interactive Labs announced this morning that it has added an extra $13 million to its previously announced Series C financing. Together, this brings the company’s 2018 funding to $68 million, and its total backing to just over $140 million. The additional investment from CLSA, Omidyar Technology Ventures, Digital Garage Group, and Fearless Ventures...

Photo credit: AlayaCare

By Laura Lovett August 8, 2018
This morning Toronto-based home care platform AlayaCare announced that it scored $13.8 million in a Series B funding round led by inovia capital, with participation from Chrysalis and Fonds Innovexport.  Focused on providing home healthcare workers and clients with tools, the company’s software has several different platforms including a mobile app and clinical documentation tool. “We’re...
By Jonah Comstock August 7, 2018
Bot M.D., maker of an AI chatbot app for doctors, has raised $700,000 in seed funding from Y Combinator and angels, including Silicon Valley notable Steve Blank, one of the inventors of the Lean Startup method. The company launched its app of the same name about four weeks ago. "If you ever try searching stuff on Google, Google is a consumer-facing search engine, right?" Founder and CEO Dorothea...
By Laura Lovett August 7, 2018
Online vitamin retailer Care/of has just closed a $29 million Series B funding round led by Goldman Sachs Investment Partners with participation from Goodwater Capital, Juxtapose, RRE Ventures, Tusk Ventures, Beth Kaplan, and Doug Hudson. Since it was founded in 2016, the company has raised $46 million, according to Crunchbase.  “Care/of combines data with a customer-centric orientation to...
By Laura Lovett August 6, 2018
On Saturday, patient engagement company SmartER announced that it would be acquiring care coordination company ConciergeStat. As part of the deal SmartER will get ConciergeStat’s software and customer s, and now oversees all of its employees. Out of this acquisition, SmartER plans to offer a new system called SmartConcierge.  "The ConciergeStat software and on-site navigators add an...
By Jonah Comstock August 6, 2018
iRhythm Technologies reported a promising second quarter from a financial standpoint, citing a revenue of $35.5 million, up 55 percent from this time last year. But CEO Kevin King's major focus on the call was not earnings, but a pair of scientific studies published last month in the Journal of the American Medical Association and JAMA Cardiology. These studies and what they represent could crack...
By Dave Muoio August 6, 2018
New York City-based Peloton has raised another $550 million in financing to support its connected home exercise equipment and virtual workout class business. With this Series F round, Peloton’s total funding is just shy of $1 billion raised. The round was led by TCV, with support from returning investors Tiger Global, True Ventures, Wellington Management, Fidelity, NBCUniversal, Kleiner Perkins,...

Photo credit: Teladoc

By Jonah Comstock August 2, 2018
Teladoc reported a strong second quarter, coming off its acquisition of Advance Medical. The company reported $94.6 million in revenue, with $6.2 million of that coming from Advance. That constitutes 112 percent year-over—year growth for the telemedicine company. The company saw 533,000 total visits in the quarter and 22.5 million paid US members. “We’re now 60 days into the integration of...
By Dave Muoio August 2, 2018
It was a bit of a bumpy start, but it’s beginning to look like Fitbit’s push into the smartwatch market is beginning to bear fruit. While the company is still operating at a loss, yesterday’s Q2 earnings report revealed that the Fitbit’s downward revenue and device sales trend was lessened by the success of its Versa smartwatch, which the company said has outsold all Samsung, Garmin, and Fossil’s...

Photo credit: Vitals.com 

By Laura Lovett August 1, 2018
Less than two months since its last acquisition, WebMD, an Internet Brands company, announced that it was picking up the Vitals Consumer Services Division from Mdx Medical. The division, which is focused on giving consumers online tools to connect to clinicians, is made up of vitals.com and UCompareHealthCare.com. The acquisition will also include the MedHelp tool, which provides a platform for...