European Fitness Tech Muscles Up in Massive Funding Round | StartUp Health Insights: Week of Oct 1, 2024
This week's global health innovation funding features a whopper of a round for fitness tech, alongside advancements in Medicare Advantage insurance, AI-powered diagnostics, genetic medicine, surgical solutions, oral health, and much more.
This week’s reported health innovation funding included:
EGYM, Munich, Germany-based fitness technology and corporate wellness company, raised approximately $200M led by L Catterton and Meritech Capital. <source>
Zing Health, a Chicago, IL-based Medicare Advantage insurer, raised $140M from Health 2047 Capital Partners, CRG, First Trust Capital Partners, Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners. <source>
Genome Medical, a San Francisco, CA-based provider of virtual-first genetic counseling services, raised $75.3M from undisclosed investors. <source>
Mendaera, a San Mateo, CA-based healthcare technology company developing a handheld robotic interventional platform, raised $73M led by Threshold Ventures, with participation from Lux Capital, PFM Health Sciences, and Fred Moll. <source>
Neo Medical, a Villette, Switzerland-based technology company specializing in spine surgery, raised CHF 58M ($68M) led by Gyrus Capital, with participation from Vincent Lefauconnier, Jonas Larsson, and others. <source>
Qure.ai, a Mumbai, India-based company using AI to make healthcare more accessible and affordable, raised $65M led by Lightspeed and 360 ONE Asset, with participation from Merck Global Health Innovation Fund, Kae Capital, Novo Holdings, Health Quad, and TeamFund. <source>
Mirai Bio, a Cambridge, MA-based startup developing an end-to-end platform for the biotech industry to enable the co-creation of fully optimized genetic medicines, raised $50M from Flagship Pioneering. <source>
StrataPT, an Osprey, FL-based physician practice management software provider, raised $25M from Council Capital. <source>
Air Doctor, a Jerusalem, Israel-based platform that helps people find doctors when they’re traveling, raised $20M led by aMoon, with participation from Tokio Marine Holdings, Samsung Ventures (SVIC), Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, and Munich Re Ventures. <source>
OxeFit, a Plano, TX-based company focused on AI-driven health and fitness experiences, raised $17.5M from Dave Asprey, Anne Mahlum, Harry Kane, Dustin Johnson, and Dak Prescott. <source>
Mindpeak, a Hamburg, Germany-based company that specializes in AI-powered pathological solutions, raised $15.3M led by ZEISS Ventures and InnoVentureFund, with participation from AI.FUND, the European Innovation Council Fund, and others. <source>
Surgar, a Clermont-Ferrand, France-based company developing augmented reality solutions for minimally invasive surgery, raised €11M ($12.3M) led by Mutuelles Impact, with participation from Elaia Partners, MH Innov’, Bpifrance, UI Investissement, Crédit Agricole Capital Innovation, D-Novafund, G-Surge Consulting, Clermont Auvergne Innovation, the CHU of Clermont-Ferrand, BNP Paribas, Crédit Agricole Centre France, Banque Populaire Auvergne Rhône-Alpes, and angel investors. <source>
Mediwhale, a Seoul, South Korea-based AI-powered health diagnostics company, raised $12M led by Korea Development Bank (KDB), with participation from Woori Venture Partners, IMM Investment, Mirae Asset Securities, and others. <source>
CarePay International, an Amsterdam, The Netherlands based provider of next-generation health insurance platforms, raised €10M ($11.2M) from Reinsurance Group of America (RGA) and the Health Insurance Fund (HIF). <source>
aura, a New York, NY-based provider of at-home health checks, raised $11M. <source>
Moxie, a Brooklyn, NY-based startup that helps nurses open medspas by providing them with most of the tools they need to run their businesses, raised $10M led by Lachy Groom, with participation from SignalFire. <source>
Feno, a Los Angeles, CA-based healthtech company which specializes in at-home oral health technology, raised $6M led by BOLD Capital Partners, True Ventures, Upfront Ventures, and Share Ventures. <source>
Arya Health, a New York, NY-based provider of a healthcare workforce automation platform, raised $4M led by Twelve Below, with participation from Nebular, Oceans, and Ridge Ventures. <source>
Welltory, a New York, NY-based provider of a personalized health and wellness app, received a $3M credit facility from Bravo Capital. <source>
Dimer, a Mendham, NJ-based startup streamlining the hospital discharge and aftercare process, raised a $2.95M led by Tech Aviv, with participation from Silver Circle and Table Management. <source>
Family.cards, a Potsdam, Germany-based startup aiming to reduce loneliness in old age and to increase wellbeing in senior citizens through simple digital participation solutions, raised €1.2M ($1.3M) from Brandenburg Kapital, OHA Osnabrück Healthcare 7 Ventures, Antler, and other investors. <source>
DeepLook Medical, a New Haven, CT-based visual enhancement technology company for medical application, raised an undisclosed amount led by Xcellerant Ventures, with participation from OKG Capital. <source>
ReSync Bio, a San Francisco, CA-based scientific software provider accelerating preclinical R&D, raised an undisclosed amount from Caffeinated Capital, Atria Ventures, and angel investors. <source>
Vald, a Brisbane, Australia-based health technology company for musculoskeletal health professionals, raised an undisclosed amount from FTV Capital. <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
We’re looking for founders and CEOs leading digital health, life science, or biotech companies that are solving the biggest health challenges of our time. Since we reached our initial Alzheimer’s Moonshot Community goal in just one quarter, we’re opening up 20 new spots through our annual membership program. We’ll officially announce the next group of companies during CTAD in late October, where we will also host a community meetup.
If you’re mission-driven, collaborative, and ready to contribute as much as you gain, you might be the perfect fit. Learn more and apply today.
Follow us on social media for daily updates on Health Transformers: X (Twitter), LinkedIn, Facebook, and Instagram.