Pear Suite Raises Fresh Funds and Hits 100-Customer Milestone | StartUp Health Insights: Week of Jun 25, 2024
The latest funding for the StartUp Health company is being used to fuel platform development, enhance the company’s implementation and customer success team, and build up the Pear Suite provider network, which currently includes over 250 community health workers.
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Pear Suite, a StartUp Health company working to empower community health workers and better address the social determinants of health (SDOH), raised over $1M from a combination of strategic investors, including Flare Capital Partners, Rock Health Capital, AARP, and California Health Care Foundation. The Honolulu, HI-based company also just reached 100 customers in 24 US states with a nearly perfect customer retention rate. <source>
This week’s reported health innovation funding also included:
Insightec, a Haifa, Israel- and Miami, FL-based healthcare company dedicated to using focused ultrasound to improve patient care, raised $150M led by Fidelity Management & Research Company, co-led by Nexus Neurotech Ventures and Ally Bridge Group, with participation from Baillie Gifford, Catalio Capital Management, Fayez Sarofim & Co., Gilmartin Capital, York Global Finance / Community Fund, and Perceptive Advisors. <source>
BillionToOne, a Menlo Park, CA-based next-gen molecular diagnostics company, raised $130M led by Premji Invest, with participation from Neuberger Berman, Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years. <source>
SkyCell, a Zurich, Switzerland-based company that has developed smart pharma transport containers, raised $59M from Tybourne Capital Management and CCI. <source>
Function Health, an Austin, TX-based health platform that includes 100+ lab tests, raised $53M led by Andreessen Horowitz (a16z) Bio + Health, with support from the a16z Cultural Leadership Fund, and participation from Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, and others. <source>
Pomelo Care, a New York, NY-based virtual maternal care company, raised $46M led by Andreessen Horowitz and First Round Capital, with participation from Stripes, BoxGroup, Operator Partners, and SV Angel. <source>
Humata Health, a Winter Park, FL-based prior authorization startup, raised $25M led by Blue Venture Fund, with participation from LRVHealth, Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood. <source>
Heyday Health, a Cambridge, MA-based virtual-forward value-based care provider focused on Medicare and dual-eligible patients, raised $12.5M from Gradient Ventures, Lionbird, Great Oaks Capital, and Kate Ryder. <source>
Quantum Innovations, a Polish medtech company that has developed sensor technology for monitoring organs during surgery and for transplantation, raised €10M ($10.7M) led by Vinci IQ ASI, with participation from MedTech Holding. <source>
Zing Coach, a Munich, Germany-based AI-powered fitness app, raised $10M led by Zubr Capital and Triple Point Capital. <source>
Tandem Health, a Stockholm, Sweden-based startup that develops AI-powered software to reduce administration in healthcare, raised $9.5M led by Northzone, with participation from OpenAI, Google DeepMind, the founder of Capio Sverige, and Amino Collective. <source>
Sava, a London, UK-based developer of a next-gen continuous glucose monitor, raised $8M led by Balderton Capital and Exor Ventures. <source>
JOGO Health, a New York, NY-based medtech company treating chronic pain and neuromuscular disorders, raised $5.5M led by Hourglass Ventures. <source>
Marble Health, a New York, NY-based platform offering affordable group therapy for teens, raised $5M from Khosla Ventures, Town Hall Ventures, and IA Ventures, with participation from Daybreak Ventures and Lorimer Ventures. <source>
MEandMine, a Palo Alto, CA-based startup using AI-flagging to identify psychological risks in young children, raised $4.5M led by K5 Global. <source>
CUREOSITY, a Düsseldorf, Germany-based medtech company that develops therapy based on virtual reality and gamification, raised €3.8M ($4.1M) from TechVision Fund (TVF) and Nomainvest. <source>
Invi MindHealth, a Denver, CO-based mental health technology company, raised $1.5M 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.
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