AI Solutions, Diagnostics, and Caregiver Support See Investments | StartUp Health Insights: Week of Apr 9, 2023
In this week's snapshot of health innovation funding, startups around the globe secured substantial investments to fuel their advancements in health technology. From AI-powered predictive analytics to point-of-care diagnostics and conditions from STIs to mental health, the landscape continues to evolve with significant contributions from investors worldwide.
This week’s reported health innovation funding included:
Grow Therapy, a New York, NY-based tech-forward therapy startup that handles administrative work for providers and payers, raised $88M led by Sequoia Capital, with participation from Goldman Sachs Alternatives, Plus Capital, Transformation Capital, SignalFire, and Technology Crossover Ventures. <source>
Binx Health, a Boston, MA-based health tech company developing a point-of-care diagnostic solution for sexually transmitted infections, raised $65M led by Hildred Capital, with participation from EQT Life Sciences Partner. <source>
Biolinq, a San Diego, CA-based healthcare tech company providing precision multi-analyte wearable sensors to improve metabolic health, raised $58M led by Alpha Wave Ventures, with participation from Niterra’s corporate venture capital fund jointly operated with Pegasus Tech Ventures, RiverVest Venture Partners, AXA IM Alts, Global Health Investment Corporation, Aphelion Capital, Senvest Management, Features Capital, and Taisho Pharmaceutical. <source>
AITRICS, a Seoul, South Korea-based medical startup that uses AI to predict the likelihood of patient deterioration, raised 27.1 billion won ($20.1M) from Premier Partners, BNH Investment, BSK Investment, Bonum Investment, DS Investment & Securities, Ulmers Investment, HB Investment, Shinyoung Securities, and HRZ. <source>
Cariloop, a Richardson, TX-based provider of a caregiver support platform, raised $20M led by ABS Capital, with participation from Noro-Moseley Partners, KCRise Fund, Revolution’s Rise of the Rest Seed Fund, and Patterson Thoma Family Office. <source>
Manifold, a Newton, MA-based provider of an AI-powered clinical research platform, raised $15M led by TQ Ventures, with participation from Calibrate Ventures, SK Ventures, Dr. Sachin H. Jain, and TTCER Partners. <source>
Aligned Marketplace, a Park City, UT-based national network of value-based advanced primary care for employers, raised $8M led by A* Capital and Maverick Ventures, with participation from Box Group, EPIC Ventures, Liquid2 Ventures, SV Angel, and other angel investors. <source>
Beanstalk Benefits, a Philadelphia, PA-based platform giving employees the flexibility to choose their own health, wealth, and wellbeing services and solutions, launched out of Redesign Health with $7.5M. <source>
HD, a Bangkok, Thailand-based startup building a chatbot for the Southeast Asian healthcare industry, raised $5.6M led by SBI Ven Capital, with participation from M Venture Partners, FEBE Ventures, Partech Partners, Ratio Ventures, Orvel Ventures, and TA Ventures. <source>
HealthArc, a Hackensack, NJ-based company that specializes in virtual healthcare, raised $5M led by ScOp Venture Capital, with participation from Original Capital, Dream Capital, Correlation Ventures, and angel investors. <source>
Log my Care, a London, UK-based company providing a software platform that enables care homes and social care organizations to go digital, raised £3M ($3.8M) from Mercia Ventures. <source>
Universal Brain, a Los Altos, CA-based developer of a neuroscience-based personalized treatment and diagnostic platform pioneering precision psychiatry, raised $3.2M. <source>
Neurava, an Indianapolis, IN-based startup developing novel and innovative wearable devices, raised $2.26M led by Life Science Angels, with participation from UCB, Purdue Innovates, Elevate Ventures, Rivermount Ventures, and First Leaf 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.
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