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Startup Funding And Investment: Healthcare Industry

Healthcare startup funding news

As new systems and technologies are arriving the healthcare industry is growing and becoming better. Huge investment is done to keep up with the huge demand for medicine and treatments. With time medical experts are making amazing developments in the treatments and medicine sector. With the fact that the healthcare sector has a bright future, a large amount of funding is funded in this sector. The healthcare industry is serving a huge number of people across the world, where incredible ideas take place.

UpLift Health: Treating depression

The Atlanta-based startup focused on treating depression has created an app that has landed $1 million in seed funding. The app offer includes 12 chatbot-guided sessions, each lasting 45-minutes. Based on cognitive-behavioral therapy (CBT), the app help users with depression. According to the company’s CEO, Eddie Liu, the funded cash will be put towards developing the technology and building new features such as gamification and connections to in-person coaches.

Read More: AI in Healthcare: Drives Potential Enhancements across the Healthcare Sector

Rightway Healthcare: 

New York-based Company is providing a healthcare platform for its employees to log into to get information on doctors, facilities, and services. The company announced that it raised $20 million in a Series B funding round led by Thrive Capital and $8 million round in March of this year. Earlier this company raised $2 million in a seed round in November 2017. This healthcare company tackles the problems associated with its patient navigation and healthcare advocacy platform. The focus is to make employer-based healthcare better, and cheaper, for employers with a platform that makes it easier to understand their benefits.

Bright Health: Health Insurance

Founded by Kyle Rolfing, Robert John Sheehy, and Tom Valdivia in 2015 Bright Health provides health insurance products and services. Minneapolis-based this healthcare service provider has raised a total of $1.1B in total equity funding. Bright Health is backed by investors that include Meritech Capital Partners, Bessemer Venture Partners, New Enterprise Associates, Redpoint, and Greycroft.

Clover Health: Health insurance

A new health insurance company Clover Health founded by Kris Gale and Vivek Garipalli in 2013 raised a total of $925.0M. Investor involves Greenoaks Capital, GV, Nexus Venture Partners, Sequoia Capital, and Spark Capital.

Wellframe: Caretaker services

The Boston-based startup cored $20 million in a Series C funding round. The company builds digital tools for healthcare provider organizations. The tool offers caretaker services, which help clients with an administrative, financial, clinical and social factor of health needs.

Peerbridge Health: Wireless ECG device

The startup primary offering is Peerbridge Cor, a multi-channel wireless ECG device that is adhered to the user’s chest. The company has closed $11 million in funding from a few of the investors. The device can be worn up to seven days, and it will classify 26 types of arrhythmia signs.  The patients can use this app to manually transmit data passing through the cloud network and algorithms before reaching the provider and medical records.

PathAI: AI tools for pathology

Boston-based Startup develops artificial intelligence tools for pathology. The startup has raised off its Series B funding round with a $15 million strategic investment from the Merck Global Health Innovation Fund and Bristol-Myers Squibb. Its total funding jumped over $90 million including full round to $75 million. PathAI’s platform employs convolutional neural networks in its analysis of medical images. This allows the company’s product to help pathologists diagnose different types of cancer and other diseases.

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FundamentalVR:  VR Training to train clinicians

A digital health company that uses virtual reality to train clinicians. The company closed $5.67 million Series and round with approximately $600,000 of that funding came in the form of a convertible loan note. The ventures led the round with contribution from Tern PLC, Epic Private Equity and Brighteye Ventures. The training platform combines VR and haptic sensors that allow the user to receive physical feedback during a training procedure.

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