Big Bets as Health Tech Funding Heats Up | StartUp Health Insights: Week of Aug 6, 2024
From a $200M boost for fertility tracking to AI-driven drug discovery, this week's global health innovation funding landscape is ablaze. Mental health, dental care, rare diseases, and value-based care also saw significant investments.
This week’s reported health innovation funding included:
Flo Health, a London, UK-based fertility-focused period-tracking app, raised $200M from General Atlantic. <source>
Spring Health, a New York, NY-based mental health solution for employers and health plans, raised $100M led by Generation Investment Management, with participation from Kinnevik, William K Warren Foundation, RRE, and Northzone. <source>
Healx, a Cambridge, UK-based startup using AI to discover new drugs for rare diseases, raised $47M co-led by Atomico and R42. <source>
Perceptive, a Boston, MA-based dental AI startup, raised $30M from Pacific Dental Services, Y Combinator, and Ed Zuckerberg. <source>
Protembis, an Aachen, Germany-based medtech company developing a next-gen device for protecting the brains of patients who undergo certain heart treatments, raised €20M ($21.8M) from The European Investment Bank (EIB). <source>
MedScout, an Austin, TX-based revenue acceleration platform focused on commercial operations for medtech and life sciences companies, raised $15M led by Fulcrum Equity Partners, with participation from Stage 2 and LiveOak Ventures. <source>
Guidehealth, a Dallas, TX-based care enablement company using AI to bring value-based care to underserved patients, raised $14M led by Memorial Hermann. <source>
Mindera Health, a Vista, CA-based developer of precision medicine solutions for dermatology, raised $14M led by Mountain Group Partners. <source>
Noze, a Montreal, QC-based developer of breath-based diagnostics, raised $5M from the Bill & Melinda Gates Foundation. <source>
ReadySet Surgical, a Cleveland, OH-based developer of a surgical inventory management solution, raised $3.4M. <source>
Wisedocs, a Toronto, ON-based provider of smart tools to review medical records, raised C$4.5M ($3.3M) from CIBC Innovation Banking. <source>
Vedapointe, a Clayton, MO-based SaaS platform to help providers navigate value-based care, raised $2.7M. <source>
Orchid AI, a Wilmington, DE-based developer of a HIPAA-compliant AI-powered clinical notes solution for mental health clinicians, raised $1.5M from Y Combinator and strategic 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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