Devoted Health Raises $112M Series E | StartUp Health Insights: Week of Aug 27, 2024
Devoted, a tech-enabled company that offers Medicare Advantage plans for seniors and provides medical care in 13 states, has filed to expand into seven new states. The new funding will help the StartUp Health company continue to deliver on its mission to improve the health and wellbeing of older Americans.
Investors, learn how you can become a Health Moonshot Champion and support Health Transformers like the Park brothers of Devoted Health.
Devoted Health, a Waltham, MA-based StartUp Health company that offers Medicare Advantage plans for seniors, raised an additional $112M from The Space Between, Cox Enterprises, and White Road Capital. This Series E venture funding will fuel the company’s push in to seven new states. <source>
This week’s reported health innovation funding also included:
Openwater, a Newark, CA-based provider of a healthcare platform, raised $100M from Plum Alley Ventures, Khosla Ventures, BOLD Capital Partners, Esther Dyson, Peter Gabriel, and others. <source>
Human Longevity Inc (HLI), a San Francisco, CA-based StartUp Health company focused on longevity technology, raised $39.8M led by TVM Capital Healthcare, with participation from Panacea Venture, Emerging Technology Partners, and others. <source>
Slingshot AI, an Albany, NY-based startup specializing in mental health services, raised $30M from vAndreessen Horowitz and other investors. <source>
PreciseDx, a New York, NY-based company leveraging AI for oncology diagnostics, raised $20.7M led by Eventide Asset Management, with participation from Labcorp, Quest Diagnostics, GenHenn Capital Venture, and others. <source>
Solace, a Redwood City, CA-based provider of a digital health platform that connects people with expert healthcare advocates covered by insurance, raised $14M led by Inspired Capital, with participation from Craft Ventures, Torch Capital, Anne Wojcicki, Susan Wojcicki, RiverPark Ventures, and Coalition Operators. <source>
BeMe Health, a Miami, FL-based digital behavioral health startup, raised $12.5M led by Flare Capital and Polaris Partners, with participation from Fiore Ventures, BCBS of Kansas, and the California Health Care Foundation. <source>
CairnSurgical, a Lebanon NH-based medical technology firm striving to make breast cancer surgery more precise, raised $4.5M led by Morningside Ventures. <source>
Fibra, a Toronto, ON-based startup developing fertility tracking underwear, raised C$1.7M ($1.25M) from undisclosed 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.
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 T1D Moonshot or one of our other global health moonshots.
Follow us on social media for daily updates on Health Transformers: X (Twitter), LinkedIn, Facebook, and Instagram.