StartUp Health Insights: AvoMD Raises $5M to Combat Clinician Burnout | Week of Jun 27, 2023
AvoMD’s AI-enabled platform lets clinicians and hospitals build their own applications that work for any specialty, in any care setting, for every clinician type.
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StartUp Health company AvoMD, a no-code platform empowering clinicians and hospitals to easily make their own apps for use at the point-of-care, raised $5M in seed funding led by AlleyCorp, with participation from Las Olas, Epsilon Health, MedMountain Ventures, Dr. Kavita Patel, Mirae, and Dunamu. Other investors in the company include Columbia University, Mount Sinai Innovation Partners, StartUp Health, and 500 Startups. <source>
Other reported global health innovation funding this week included:
Aledade, a Bethesda, MD-based network of independent primary care practices, raised $260M led by Lightspeed Venture Partners, with participation from Venrock, Avidity Partners, Omers Growth Equity, and Fidelity Management & Research Company. <source>
Augmedics, an Israel- and Chicago, IL-based developer of an augmented reality-powered navigation platform for spinal surgeries, raised $82.5M led by CPMG, with participation from Evidity Health Capital, H.I.G. Capital, Revival Healthcare Capital, and Almeda Ventures. <source>
DexCare, a Seattle, WA-based patient demand and care access platform, raised $75M led by ICONIQ Growth. <source>
Caraway, a New York, NY-based digital healthcare company that delivers 24/7 access to integrated, evidence-based care tailored to 18–29 year olds, raised $16.75M led by Maveron and GV, with participation from 7wireVentures, Hopelab Ventures, Wellington Access Ventures, Ingeborg Investments, and The Venture Collective. <source>
Outbound AI, a Seattle, WA-based company that offers AI-powered virtual agents that perform healthcare administrative tasks, raised $16M co-led by Madrona Venture Group and SpringRock Ventures, with participation from Ascend, Pack Ventures, Epic Ventures, Tacoma Venture Fund, Locke Capital, and KCRise Fund. <source>
Heard, a Seattle, WA-based startup that supports mental health professionals with financial software and services, raised $15M led by Headline, with participation from GGV, Footwork, Founders Co-Op, Act One, and Heron Rock. <source>
Sollis Health, a New York, NY-based concierge urgent and emergency care provider, raised $15M from Torch Capital, Strand Equity, Arkitekt Ventures, and Read Capital. <source>
DUOS, a New York, NY-based senior benefits navigation startup, raised $10M led by Primetime Partners, SJF Ventures, and the Aging Innovation Fund. <source>
Clivi, a Mexico-based diabetes management startup, raised $10M co-led by Dalus Capital and Foundation Capital, with participation from Cathay Innovation, Femsa Ventures, Quiet Capital, 500, Next Billion Ventures, Conexo, and angel investors. <source>
SOS, a Boston, MA-based wellness on the go company working through a network of smart vending machines, raised $7.6M from Urban Us Capital and Wasserman Ventures. <source>
Altis Labs, Toronto, ON-based clinical trial startup designed to help predict outcomes and quantify the effects of cancer treatment, raised $6M co-led by Benchstrength and Debiopharm Innovation Fund, with participation from individual backers. <source>
Macro Trials, a Los Angeles, CA-based clinical trial startup that creates a long-term record of the experience for patients and research partners, raised $6M led by MBX Capital, with participation from Initiate Ventures, Healthy VC, Inflect Health, and Village Global. <source>
Oliva, a London, UK-based healthtech platform offering on-demand mental health and wellbeing support to employees, raised €5M (~$5.4M) led by Molten Ventures, with participation from Stride VC, Alumni Ventures, and angel investors. <source>
Nyra Health, a Vienna-based mental health startup that provides personalized therapy to users with neurological conditions via an app, raised $4.9M from MassMutual Ventures and Wellington Partners. <source>
bitewell, a Denver, CO-based corporate food health benefits provider, raised $4M led by Lake Nona Sports, Health Tech Fund, and Refinery Ventures, with participation from Trybe Ventures, Mudita Venture Partners, Harvest Ridge Capital, and BDMI. <source>
AccurKardia, a New York, NY-based medical AI software company, raised $2.7M from Popular Impact Fund and private investors. <source>
Train Fitness, a Toronto, ON-based fitness-tech startup, raised $2.5M led by Relay Ventures, with participation from BAM Ventures, Anorak Ventures, Boost VC, Alumni Ventures, Spacecadet Ventures, Mana Ventures, Republic Capital, Gambit Partners, family offices, and angel investors. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
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