AI Diagnoses, Mental Wellness, and Caregiver Support See Big Wins | StartUp Health Insights: Week of Jun 18, 2024
This week's health innovation funding focuses on proactive health solutions, with a surge in AI-powered tools for drug development, mood detection, and sexual wellness, alongside support for caregivers, substance use, and tele-mental health.
This week’s reported health innovation funding included:
Talkiatry, a New York, NY-based provider of telepsychiatry services, raised $130M led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors. Debt financing was provided by Banc of California. <source>
Enveda Biosciences, a Boulder, CO-based biotechnology company using AI to develop new medicines, raised $55M from Premji Invest, Lingotto Investment Fund, Microsoft, The Nature Conservancy, Kinnevik, True Ventures, FPV, Level Ventures, and Jazz Venture Partners. <source>
Avava, a Waltham, MA-based medical aesthetics platform company, raised $35M from Jeisys Medical, Catalio Capital Management, and others. <source>
Nomad Health, a New York, NY-based digital marketplace for healthcare jobs, raised $22M led by HealthQuest Capital, with participation from Adams Street, Icon Ventures, Polaris Partners, .406 Ventures, and RRE Ventures. <source>
Better Health, a San Francisco, CA-based medical supply and support provider, raised $14M from Healthworx, UHealth – University of Miami Health System, and Mosaic General Partnership. <source>
Canary Speech, a Provo, UT-based developer of AI-enabled speech analysis software to detect mood, stress, and energy levels prior to clinical screenings, raised $13M led by Cortes Capital (Love's Private Equity), with participation from SMK, Hackensack Meridian Health, and Sorenson Communications. <source>
Marigold Health, a Boston, MA-based substance use peer support startup, raised $11M led by Rock Health and Innospark Ventures, with participation from Commonwealth Care Alliance, Wavemaker360, Stand Together Ventures Lab, Epsilon Health Investors, Koa Labs, VNS Health Plan, and KdT Ventures. <source>
Grayce, a San Francisco, CA-based caregiver support startup, raised $10.4M led by Maveron, with participation from BBG Ventures, Correlation Ventures, GingerBread Capital, Alumni Ventures, Visible Ventures, Gaingels, and What If Ventures. <source>
Auxilius, a New York, NY-based provider of clinical trial financial management software, raised $10M led by SignalFire. <source>
Arya, an AI-driven sexual wellness platform for couples, raised $7.5M co-led by Patron and Play Ventures, with participation from At.inc/, Heracles Capital, and individual investors. <source>
Alyve Health, a Mumbai, India-based health tech platform that provides comprehensive healthcare services, raised $5.5M led by Axilor Ventures, with participation from 1Crowd Fund and Inhealth Ventures. Venture debt funding from Trifecta Capital was also part of this round. <source>
Rivia, a Zurich, Switzerland-based startup specializing in AI-driven analytics and clinical trial data infrastructure for biotech, raised €3M ($3.2M) led by Speedinvest. <source>
Real World Health, a London, UK-based healthcare data analytics company, raised £1.7M ($2.2M) led by Maven Capital Partners, with participation from Dowgate Capital. <source>
Hazel Health, a San Francisco, CA-based telehealth provider that focuses on school-based solutions for mental health services, raised $1.5M from UnitedHealthcare Community and the State of Iowa. <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.
Call for Alzheimer’s Innovation
With support from the Alzheimer’s Drug Discovery Foundation (ADDF) and Gates Ventures, we’ve launched a new global initiative created to develop a collaborative innovation community alongside leading companies, research teams, and stakeholders with a mission to accelerate progress in prevention, diagnosis, and management of Alzheimer’s disease and related dementias. Learn more and apply for an Alzheimer’s Moonshot Fellowship.
Become a Health Moonshot Champion
Health moonshots are fueled by passionate families, foundations, and industry organizations committed to achieving health moonshots. Learn how you can join other champions of the Alzheimer’s Moonshot or one of our other global health moonshots.
Follow us on social media for daily updates on Health Transformers: Twitter, LinkedIn, Facebook, and Instagram.