funding

Grow Therapy secures $88M funding for virtual mental health platform

Provider-focused digital mental health company Grow Therapy announced it has closed $88 million in Series C funding.  Sequoia Capital led the round, with additional investment from Growth Equity at Goldman Sachs Alternatives and PLUS Capital. Several artists and athletes also contributed to the round, including Dak Prescott, Anna Kendrick, Joe Burrow, Lily Collins and Jrue …

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$1M funding for AI drug discovery for rare diseases and more digital health fundings

Indian AI drug discovery firm gets $1M to focus on rare diseases Peptris Technologies from Bangalore, India has received $1 million in pre-seed funding in a round led by Speciale Invest. In a statement, the AI-driven drug discovery company said it will use its fresh funds to expand its research scope to cover rare diseases, …

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Survey: ChatGPT/GenAI is influencing investors’ funding strategies

Healthcare data and analytics and tech-enabled services will be the sectors most impacted by generative AI, according to a survey by investment firm GSR Ventures. The survey, which included responses from more than 40 healthcare technology venture capitalists, found that over 71% believe ChatGAPT/GenAI changes their investment strategy “somewhat” or “a little.” In contrast, 12% …

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Q&A: How cooling digital health funding changed the market in 2022

After digital health startups scooped up huge amounts of investor dollars last year, the market slowed down significantly in 2022.  But it’s still a relatively new field, and there’s plenty of room for startups that can prove their ability to improve care, said John Beadle, managing partner at Aegis Ventures.  He sat down with MobiHealthNews …

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Southeast Asian insurtech player Igloo gets $27M more in Series B funding

Singapore-based insurance technology company Igloo has received $27 million in an extended Series B funding round led by InsuResilience Investment Fund II, which is managed by BlueOrchard Finance, along with Women’s World Banking Asset Management, Finnfund, La Maison and Cathay Innovation. This brings its total proceeds from its Series B round to $46 million. It …

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Health management platform Novi Health raises $5M in Series A funding round

Novi Health, a Singapore-based health tech company and specialist clinic, has scored $5 million in a Series A funding round led by Monk’s Hill Ventures. WHAT IT DOES Founded in 2018, the company offers a healthcare platform that integrates clinical treatments with behavioural and lifestyle interventions to address chronic conditions. It has two core digital …

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Women’s health platform Maven Clinic scores $90M in funding

Virtual women and family health provider Maven Clinic announced it raised $90 million in a Series E funding round, bringing the virtual clinic’s funding total to $300 million.  General Catalyst led the round with participation from La Famiglia, CVS Health Ventures, and Intermountain Ventures. Existing investors also participated, including Oak HC/FT, Dragoneer Investment Group, Sequoia, Lux …

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Clinikally secures $500,000 pre-seed funding to expand digital derma platform

Digital dermatology startup Clinikally from India has raised $500,000 in pre-seed funding from Y Combinator, a US-based tech startup accelerator, and Shutterstock CEO and founder Jon Oringer.  It also secured the amount from other investors, including ReNew Power founder Sumant Sinha, MapMyGenome founder Anu Acharya, Nepean Capital founder Gautam Trivedi, and Northwestern Medicine chief of …

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Vietnamese digital health startup Med247 gets $4.5M in Series A funding

Med247, a health tech startup in Vietnam, has raised $4.5 million in an oversubscribed Series A funding round led by Altara Ventures. The round also drew the participation of Pavilion Capital, MiRXES, and angel investors East Ventures and Venturra Ventures. WHAT IT DOES Launched in 2019 with seed funding from venture capital investment firm KK …

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