Q2 2017 Overseas Healthcare Funding Roundup: 80 Deals Totaling $2.58B, with 12 Exceeding $50M

The second quarter of 2017 was the quarter with the highest number of financing and investment transactions in four consecutive years, a figure verified by StartUp Health and MobiHealthNews.

This quarter (as of June 30), VCBeat (WeChat: vcbeat) tracked 80 transactions totaling $2.58 billion, based on information from the aforementioned two websites, and ranked and briefly introduced these companies that completed financing in descending order of amount.

Funding Amount: $500 million

Outcome Health specializes in producing waiting-room screens and tablets for patient education and pharmaceutical marketing. The company’s first round of financing raised $500 million, valuing the company at $5 billion. Investors include Goldman Sachs Investment Partners, CapitalG, Leerink Transformation Partners, and Pritzker Group Venture Capital, among others, along with undisclosed strategic investors such as healthcare system investors and other shareholders.

Financing Amount: $325 million

New York City-based technology company Peloton has achieved tremendous success by integrating stationary bikes with tablets to offer virtual cycling classes, raising $325 million in its latest funding round. This investment brings the company’s total capital raised to approximately $445 million, at a valuation of $1.25 billion. The round was led by Wellington Management, Fidelity Investments, Kleiner Perkins, and True Ventures, with additional participation from Comcast NBCUniversal, GGV Capital, Balyasny Asset Management, and QuestMark Partners.

Financing Amount: $231 million

Modernizing Medicine is committed to providing mobile electronic health records for specialist physicians and has raised $231 million in funding from the global private equity firm Warburg Pincus. The company had completed multiple prior financing rounds, bringing its total capital raised to $318 million after this round.

Financing Amount: $160 million

Minnesota-based health insurer Bright Health, adhering to its philosophy of “smarter, more connected information,” raised $160 million in a new round of financing. Greenspring Associates led this round, with participation from new investors Greycroft Partners, Redpoint Ventures, and Cross Creek Advisors, as well as existing investors New Enterprise Associates (NEA), Bessemer Venture Partners, and Flare Capital Partners. Prior to this, Bright Health raised $80 million in April last year, bringing the company’s total funding to $240 million.

Financing Amount: $140 million

PatientPoint, based in Cincinnati, Ohio, which provides an education and engagement platform for patients and providers, raised $140 million in a new round of financing from Searchlight Capital Partners and Silver Point Capital. The company delivers relevant content through various channels, including digital waiting room screens and interactive touchscreens in examination rooms, and plans to use the newly raised funds to expand its already substantial digital footprint.

Financing Amount: $130 million

Clover Health, a patient-engaged insurance company, secured $130 million in Series D financing led by investor Greenoaks Capital Management. New investors Google Ventures, Palm Drive Capital, and Western Technology Investment, along with existing investors Sequoia Capital and First Round Capital, also participated in the round.

Financing Amount: $90 million

New York-based startup Blink Health has developed apps and online tools to help consumers find affordable medications, raising $90 million in a Series B round led by 8VC. Previously, the company raised $75 million in another financing round also led by 8VC, bringing its total funding to $165 million.

Financing Amount: $85 million

Sharecare, headquartered in Atlanta, Georgia, is a company focused on social welfare and patient engagement, known for its series of acquisitions. Following investment from Summit Partners, the company’s total assets reached $300 million. In May, Sharecare secured $85 million in private equity financing, which it will use to expand its workforce, invest in new strategies, and pursue sustained growth.

Financing Amount: $76.5 million

Outset Medical, a company focused on innovative clinical kidney dialysis, raised $76.5 million in its Series C financing round led by T. Rowe Price Associates. In addition to new investor T. Rowe Price Associates, existing investors Fidelity Management & Research Company, Partner Fund Management LP, Warburg Pincus, Perceptive Advisors, and The Vertical Group also participated in this investment. This round of financing brings the company's total funding to $185.5 million.

Funding Amount: $70 million

New York-based ClassPass raised $700,000 in its Series C funding round led by Temasek. Existing investors Acequia Capital, CRV, General Catalyst, GV, M13, and Thrive also participated in the financing. ClassPass will use the proceeds to expand operations and develop new products.

Funding Amount: $60 million

Babylon, a UK-based health chatbot company, raised $25 million in early 2016 and an additional $60 million in April. Although the company did not disclose its investors, reports indicate that this round included the Egyptian billionaire Sawiris family and NNS Holdings.、Vostok New Venturesand existing investor Kinnevik.

Financing Amount: USD 50 million

Led by commercial partner Cigna, San Francisco-based Omada Health raised $50 million in a new round of financing. Civilization Ventures and Sanofi Genzyme BioVentures also participated in this funding round. Omada’s previous financing round occurred in September 2015, raising $48 million, while its most recent round has brought the company’s total capital raised to $175.5 million.

Financing Amount: $35 million

Diabetes data management company Glooko has raised $35 million in new funding. The company already has strategic investments from Samsung and Medtronic. In this latest round, Mayo Clinic and insulin pump manufacturer Insulet have also joined the investor roster. In addition to the aforementioned healthcare and technology stakeholders, Toronto-based Georgian Partners led the round, with existing investors Canaan Partners and Social Capital also participating.

Financing Amount: $33 million

VitalConnect, a manufacturer of remote monitoring sensors based in San Jose, California, raised $33 million in a Series C funding round led by MVM Life Science Partners and Baxter International. The company’s previous fundraising round took place in June 2016, and it plans to use the new capital to drive the commercialization of its remote monitoring platform and medical-grade sensor systems.

Financing Amount: USD 30 million

Clinical Trial Software Company Medrio Secures $30 Million in New Funding from Questa Capital Management. This marks the company’s first fundraising round in its 12-year history, with the proceeds earmarked to support growth and develop new software initiatives.
 

Financing Amount: $29 million

Science 37, a remote clinical trial company, raised $29 million in a funding round led by Glynn Capital Management with participation from Google’s investment arm, GV. New investor Amgen Ventures and existing investors Lux Capital, Redmile Group, dRx Capital, and Sanofi Ventures also participated in this round. Following this financing, the company’s total capital reached $67 million.

Financing Amount: $25 million

Amino, a San Francisco-based company that provides an online healthcare marketplace platform, raised $25 million in its Series C financing round. The round was led by Highland Capital Management, with participation from Accel, Aspect Ventures, CRV, Northwestern Mutual Future Ventures, Pilot Wall Group, and other investors. Previously, the company had raised over $19 million, bringing Amino’s total funding to nearly $45 million with this new investment.

Financing Amount: $25 million

Digital Specialty Prescription Platform ZappRx Secures $25 Million in Series B Funding Led by Qiming US Healthcare FundGV (Google Ventures) and SR One also participated in the financing round. The additional capital will be used to expand ZappRx’s workforce as the company recruits qualified talent from among its vendors and other partners.

Funding Amount: $24.5 million

Two Pore Guys, based in Santa Cruz, California, is developing a new approach to diagnostic testing using digital molecular detection devices and has raised $24.5 million in a funding round led by Khosla Ventures. Two Pore Guys (aka 2PG) will use the funds to scale up manufacturing of its handheld devices.

Financing Amount: $22.6 Million

Kry, a telehealth provider based in Stockholm, Sweden, raised nearly $22.6 million in a Series A funding round led by Silicon Valley venture capital firm Accel Partners. Index Ventures, Creandum, and Project A also participated in the round. In August 2016, the company secured $6.8 million in seed funding, bringing Kry’s total capital raised to $29.4 million.

Funding Amount: $20 million

Capsule, a pharmaceutical company supplying medications to New York City, raised $20 million in a funding round led by Thrive Capital, with participation from Sound Ventures and Virgin Group. The company is striving to differentiate itself from other virtual pharmacies such as Blink Health and PillPack, as well as from pharmacy benefit manager Express Scripts.

Financing Amount: $20 million

Art Medical, based in Israel and Palo Alto, is dedicated to developing intelligent extubation devices for intensive care and has raised $20 million in this funding round led by Advanced Medical Technologies.

Art Medical was founded in 2009 and has previously secured $7 million in funding from the Israel Innovation Authority and the Bill & Melinda Gates Foundation’s Grand Challenges. Over the eight years since its inception, the company has been dedicated to researching sensor-connected tubing for continuous monitoring of complications in ICU patients and collecting patient data.

Financing Amount: $19.3 Million

Trice Medical has eschewed traditional magnetic resonance imaging (MRI) in favor of developing a miniature needle-based camera for the inspection and classification of joint injuries. The company raised $19.3 million in its Series C financing round to further promote the device in the United States. Safeguard Scientifics, HealthQuest Capital, BioStar Ventures, and Smith & Nephew all participated in this funding round, bringing Trice’s total capital raised to $40.9 million.

Financing Amount: $17 million

DayTwo is an Israeli startup dedicated to providing patients with analytics based on their gut microbiota. The company raised $12 million from a group of investors, including Johnson & Johnson Innovation and the Mayo Clinic. Seventure Partners’ Health for Life Capital Fund and private investors, including co-founder Marius Nacht, also participated in the investment.

Financing Amount: $16.8 Million

Polish appointment software company DocPlanner has raised $16.8 million (€15 million) in new funding from Enern Investments, Target Global, and One Peak Partners. Existing investors Enern and Target Global led this round, bringing the company’s total funding to $51 million (€46 million).

Financing Amount: $16 million

ChartSpan, a medical technology company based in Greenville, South Carolina, provides digital care coordination tools and raised $16 million in a financing round led by Cypress Growth Capital. ChartSpan offers services such as internship management software, mobile patient engagement, and record management tools. Through this comprehensive suite of services, health systems and outpatient clinics across the country can provide out-of-hospital care to their patients.

Funding Amount: $14 million

RapidSOS, a startup founded four years ago with ties to Harvard and MIT, has raised $14 million in funding. The company is dedicated to adapting 911 emergency services and first responder systems (such as police and fire departments) for the smartphone era. Highland Capital Partners led this financing round, with participation from other investors including A3 Ventures, The Westly Group, Two Sigma Ventures, Motorola Solutions Venture Capital, and Responder Ventures. Former U.S. Federal Communications Commission Chairmen Tom Wheeler and Julius Genachowski, along with Dennis Patrick and several other undisclosed individual investors, also participated in the funding.

Financing Amount: $14 million

Dr. Thomas Insel, former director of the U.S. National Institute of Mental Health, visited Mindstrong Health, a mental health company, last month. The company raised $14 million in this round of financing, led by Foresite Capital and ARCH Venture Partners. Other investors included Optum Ventures, Berggruen Holdings, and the One Mind Brain Health Impact Fund.

Financing Amount: $12 million

Mobile electronic health record company DrChrono raised $12 million in a new round of financing led by Runa Capital. Maxfield Capital, Eric Dunn (CEO of Quicken Inc. and Intuit’s first Chief Technology Officer), and FundersClub also participated in this funding round. The company is raising capital to build a more comprehensive electronic health record system to enhance its competitiveness, while also planning to continue its collaboration with Apple to develop additional iOS applications.

Funding Amount: $12 million

ClearDATA, based in Austin, Texas, is a cloud service provider specializing in healthcare and life sciences. The company raised $12 million from a group of existing investors, including Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. Following this round of financing, its total funding reached $55 million.
 

Financing Amount: $12 million

Aira, a San Diego-based company, has raised $12 million to develop smart glasses that combine artificial intelligence with remote human assistance for the blind and visually impaired. The round was led by JAZZ Venture Partners and Arboretum Ventures, with participation from existing investors Lux Capital, ARCH Venture Partners, and Felicis Ventures. Additionally, the National Federation of the Blind joined this financing round as a strategic investor. Following this round, the company’s total funding amounts to approximately $15 million.

Financing Amount: $11 million

Doc Halo, a clinical communications provider based in Cincinnati, Ohio, raised $11 million in its Series A financing round led by Bane Capital Ventures. Cincinnati-based Refinery Ventures also participated in this round, marking Doc Halo’s first external funding in its seven-year history of providing clinical communications solutions. The company was initially self-funded with $5 million by its co-founders, former practicing physicians Dr. Jose Barreau and Dr. Amit Gupta.

Financing Amount: $11 million

Lemonaid Health, a San Francisco-based company offering a streamlined, text-based telemedicine application, raised $11 million in its Series A financing round. The round was led by Novartis Venture Fund and Hikma Ventures, with additional participation from Correlation Ventures, Adaptive Healthcare Fund, Vega Ventures, and 415 Ventures. The company’s previous funding round occurred in 2015, bringing Lemonaid’s total capital raised to approximately $20 million.

Financing Amount: $10 million

Evidation Health, based in San Mateo, California, secured $10 million in funding from Sanofi-Genzyme BioVentures as part of a financing initiative launched last year by GE Ventures and Stanford Healthcare. Both GE Ventures and B Capital have realized returns on their investments and participated in the company’s outcomes-focused funding round in October 2016, which raised $3.4 million. Including the latest investment, the company’s total funding has reached at least $31 million.

Financing Amount: $10 million

Figure 1 is a clinical image and knowledge-sharing application, sometimes referred to as the “Instagram for doctors.” The financing round, led by Kensington Capital Partners with participation from Samsung NEXT Ventures, John Hancock/Manulife Financial, Hedgewood, and WTI, raised $10 million for the platform. Existing investors Union Square Ventures, Rho Canada Ventures, and Version One Ventures also participated.

Financing Amount: $10 million

Your.MD, a London-based medical chatbot company, raised $10 million in a funding round led by Orkla Ventures, the venture capital arm of consumer goods company Orkla. Existing investor Smedvig Capital also participated in this round. The company’s previous funding round was in 2015; with this latest infusion, its total capital raised has reached $17.3 million.

Financing Amount: $8.5 million

Xealth is an application that enables physicians to prescribe digital therapeutics. Xealth is a subsidiary of the Providence St. Joseph Health Digital Innovation Group. The company raised $8.5 million in a funding round led by DFJ Venture Partners. Other investors included the hospital system Providence St. Joseph Health, the University of Pittsburgh Medical Center (UPMC), Hennepin Healthcare System, and Froedtert Health.

Financing Amount: $8.4 million

HealthLoop, based in Mountain View, California, offers a platform that connects patient visits with care teams. Through its Health Innovation Fund, Canvas Ventures, and Summation Health Ventures, the company raised $8.4 million from iCarbonX’s DigitalLife Alliance, NextEquity, and Lafayette General Hospital.

HealthLoop has been quietly expanding its presence in hospitals across China over the past few years, including at Cleveland Clinic and Kaiser Permanente Southern California. Last summer, HealthLoop announced its entry into the Josie Robertson Center, part of Memorial Sloan Kettering Cancer Center.

Financing Amount: $8.3 million

The company, a provider of data analytics tools for employee benefits management, raised $8.3 million in a financing round led by Maverick Ventures. In addition to the funding, the company’s board of directors added two new members: Asiazk Subramanian and Ambar Bhattacharyya. The former is the co-founder of Liazon and head of foreign exchange operations at Willis Towers Watson Group, while the latter is a Managing Director at Maverick Ventures.

Funding Amount: $8 million

Simple Contacts, a New York-based telehealth company specializing in virtual vision care, raised $8 million in its Series A financing round. The round was led by Goodwater Capital, with participation from existing investors Justin Kan, Notation Capital, and Autonomous Ventures. The company plans to use the new funds to expand its sales and marketing teams, thereby enhancing its product offerings and introducing them to broader markets.

Financing Amount: $8 million

Conversa, a San Francisco-based provider of healthcare conversation platforms, raised $8 million in Series A financing to expand its product offerings and build a clinical conversation library. The round was led by Northwell Ventures, with participation from Epic Ventures and Healthgrades. Northwell Ventures is the investment arm of Northwell Health, a New York-based healthcare system.

Financing Amount: $7.5 million

San Francisco-based Viz aims to apply artificial intelligence to medical imaging, having raised $7.5 million in its first round of financing. The round was led by DHVC and Alphabet Chairman Eric Schmidt’s Innovation Endeavors, with participation from AME Cloud Ventures and Susa Ventures. While Viz initially focused on stroke treatment, it plans to expand its scope to other time-sensitive treatments that rely on diagnostic imaging.

Financing Amount: $7 million

Led by TLV Partners, a Tel Aviv-based venture capital firm, AiDoc has raised $7 million in funding. AiDoc is working to deploy its AI-powered medical imaging tools in clinics to help radiologists process cases more quickly. The company has developed deep learning algorithms to rapidly analyze imaging and clinical data, enabling the detection of visual abnormalities in medical scans.

Financing Amount: $7 million

Denver-based telehealth startup CirrusMD focuses on providing pathways for large health systems and payers to implement virtual care access. The company raised $7 million in a Series A funding round led by Colorado Impact Fund. Over the five years since its inception, 1.3 million patients have accessed the CirrusMD platform, representing an 850% year-over-year increase. With the newly secured funds, the company plans to expand its sales and marketing efforts, broaden its client base, and further innovate its platform and data analytics capabilities.

Funding Amount: $6.5 million

Digital Pharmacist, an Austin-based company that provides a prescription management application, has raised $6.5 million in funding led by Activate Venture Partners and LiveOak Venture Partners. Formed last January through the merger of RxWiki and Telemanager, the company has raised a total of $13.7 million to date.

Financing Amount: $6.25 million

Solv Health, a San Francisco-based company, is developing an application that enables users to locate urgent care clinics and schedule same-day appointments with physicians. The company has raised $6.25 million in its Series A financing round. This round was led by Benchmark Capital, with participation from Theresia Gouw of Aspect Ventures and Malay Gandhi of Ensemble Labs (Gandhi is also the former CEO of the Rock Health Seed Fund). The new funding will be used to expand pilot testing to more users nationwide, and Bill Gurley, General Partner at Benchmark Capital, will join Solv’s board of directors.

Financing Amount: $6 million

Minneapolis-based company’s software leverages EHR data to help hospitals maximize workflow efficiency. The company raised $6 million in a funding round led by Noro-Moseley Partners, with participation from several existing investors. LogicStream will allocate the new capital toward product development and expand its sales and marketing teams to meet what the company describes as growing market demand for its software.

Financing Amount: $5.6 Million

Upfront Healthcare Services, a Chicago-based company, provides a data analytics platform that helps large numbers of physicians determine how to best schedule and allocate resources. The company raised $5.6 million in its Series A financing round, which was led by Nashville Capital Network with participation from Echo Health Ventures, Hyde Park Venture Partners, and Martin Ventures.

Financing Amount: $5.5 Million

Healthcare data company Vericred, which provides a centralized platform with provider network data, raised $5 million in a funding round led by FCA Venture Partners. Its centralized data platform enables individuals and businesses to enroll in, understand, and utilize health insurance and employee benefits. The company has now raised a total of $10 million.

Funding Amount: $5.5 Million

Spry Health, headquartered in Palo Alto, raised $5.5 million in a funding round led by Grove Ventures and Stanford StartX Fund to commercially promote its product, Loop. Loop is a wristband that enables remote monitoring of patients with chronic diseases.

Financing Amount: $5.2 million

Sansoro Health, which integrates digital health technologies with electronic medical records, has raised $5.2 million in a funding round led by Bain Capital Ventures. Combined with the $1.2 million raised last year from Healthy Ventures and Treehouse Ventures, the company’s total funding now stands at $6.4 million. Having operated for approximately two years, Sansoro Health has deployed its platform across 20 healthcare institutions during this period. The new capital will be used to expand sales and marketing operations.

Funding Amount: $5.1 million

San Francisco-based Savonix, a provider of neurocognitive assessment applications, raised $5.1 million in its latest funding round.

This round of financing was led by DigiTx Partners, with participation from ReThink Impact. Savonix will leverage the new funding to expand into new international markets, including China and Japan, while also planning to develop additional partnerships and hire more data scientists and product developers. Dr. David Kim, CEO of DigiTx Partners, will join the Savonix board of directors. Dr. Kim is the CEO of DigiTx Partners and Heidi Patel, and a partner at ReThink Impact.

Financing Amount: $5 million

London-based FitnessGenes, which creates personalized health and nutrition plans based on results from at-home DNA testing kits, has raised $5 million in funding. The round was led by the Sino-German High-Tech Fund (SGHF), a joint venture between China’s Donghai Securities and Germany’s Gruenderfonds. Founded in 2013 by PhDs from the University of Oxford and the University of Birmingham, the company initially operated under the name MuscleGenes. It is now seeking an additional $5 million in its first round of financing, with plans to use the proceeds to upgrade its platform and products and expand its operations in North America and Europe.

Financing Amount: $5 million

Doc+ is a Russian digital health company that combines telemedicine with digitized home-call services. The company raised $5 million in its Series B financing from two existing investors: the internet services giant Yandex and the venture capital firm Baring Vostok. This latest round brings Doc+’s total funding to $10.5 million. Its core business model centers on digitized in-home medical consultations, similar to those offered by U.S.-based companies Heal and Pager. Currently, Doc+ operates only in Moscow and St. Petersburg, with plans to expand to a third Russian city as soon as possible.

Funding Amount: $4.6 Million

Mpirica, a healthcare quality monitoring company headquartered in Seattle, raised $4.6 million in a funding round led by the equity incentive platform OurCrowd. Backed by a team of data scientists and physicians, the company leverages claims data to evaluate surgeons using its proprietary methodology. Modeled after FICO credit scores, its three-digit quality score is available online for 864 different surgical procedures. The company plans to use the funds to support a nationwide rollout targeting Medicare Advantage customers.

Financing Amount: $4.5 Million

Murj, a developer of digital data acquisition platforms for implantable cardiac devices based in Santa Cruz, California, has secured $4.5 million in venture capital funding. The company aims to streamline clinical workflows to manage the growing volume of data from remote and in-office cardiac monitoring devices.

Financing Amount: $4 million

Prepared Health, a care coordination platform based in Chicago that focuses on the aging population, has raised $4 million in seed funding in a round led by Chicago Ventures. Pritzker Group Venture Capital, Beverly Capital, and Meridian Street Capital also participated. The company will invest the newly raised capital in research and development and expansion into new markets.

Financing Amount: $4 million

Saranas, a medical device company based in Houston, Texas, has raised $4 million to continue the development of its sensor-activated hemorrhage detector for use during surgical procedures. The product remains in the testing phase, and Saranas plans to submit it for FDA approval later this year.

Funding Amount: $4 million

Silicon Valley-based Cocoon Cam raised $4 million in its Series A funding round, led by Happiness Ventures. Previously, the company had raised over $1 million. The company will use the newly raised funds to develop and market smart camera-based baby monitors.

Financing Amount: $3.7 million

Gixo, a fitness app developer based in San Francisco, raised $3.7 million in a funding round led by Greylock Partners and officially launched its subscription-based live workout app for Android and iOS in May. Cowboy Ventures and xSeed Capital also participated in this round of financing.

Financing Amount: $3.3 million

Devicare, a company based in Barcelona, Spain, is developing remote monitoring devices for patients with chronic diseases and has raised nearly $3.3 million (€3 million). The investment holding company Emesa Corporacion Empresarial and several family-owned businesses also participated in the financing round. Since its establishment in 2012, the company has raised a total of $4.9 million (€4.5 million). Devicare will use these funds to conduct clinical studies in Spain for its two main products.

Financing Amount: $3 million

Lybrate, an Indian startup that enables patients to consult doctors from home through in-person or telemedicine services, has raised $3 million in a funding round led by undisclosed investors, bringing its total investment capital to $15 million. TechCrunch notes that Lybrate is a direct competitor to Practo, which has raised $180 million—more than ten times the amount secured by Lybrate.

Financing Amount: $3 million

San Francisco-based ReThink Medical has raised $3 million to develop a medical-grade wearable device for preventing heart failure. The financing round was led by Emergent Medical, with participation from Norwich Ventures and Launch Capital. The company had previously received a grant from the NIH and established a partnership with Japanese medical device manufacturer Terumo Corporation, which also included an investment component.

Financing Amount: $3 million

TuringSense, which is currently developing interactive wearable devices for sports and physical therapy, has raised $3 million in its latest funding round. The company also raised $3 million in a financing round two years ago. The latest round was led by venture capital firm and investor Ideosource, with participation from new investors Core Group and Fenox Venture Capital.

Financing Amount: $2.5 million

Catalia Health has developed Mabu, an AI-powered appointment-scheduling robot, and secured $2.5 million in a new funding round led by Khosla Ventures. New investors participating in the round include NewGen Capital and Macnica Ventures, while existing investors include Q Venture Partners Limited, InnoLinks Ventures, Abstract by Flight VC, DeNA, and Lucky Capital. The company’s total funding has now reached $3.75 million.

Funding Amount: $2.5 million

HemaXis, a Switzerland-based portable blood testing company, has raised $2.5 million in a funding round led by investiere (the investment was made in Swiss francs, but the currency’s value is currently roughly equivalent to that of the U.S. dollar). The company employs an approach known as microsampling, which requires significantly less blood than conventional blood tests. The raised capital will be used to develop the second-generation device, called HemaXis DP, which will be capable of passively separating plasma from serum without the need for centrifugation or filtration.

Financing Amount: $2.5 million

Simple Habit, a San Francisco-based meditation app company, raised $2.5 million in a new round of financing. Investors included New Enterprise Associates (NEA), Fabrice Grinda’s FJ Labs, Foundation Capital, and the founders of Dropbox and Gusto. This marks the company’s Series A funding round; its app launched on the iOS App Store in April 2016.

Funding Amount: $2.5 Million

Scopio Labs, a company developing digital microscopy and diagnostic technologies, has secured $2.5 million in investment from the Israeli equity crowdfunding platform OurCrowd, becoming the 23rd health tech company to raise funds from investors.

Financing Amount: $2 million

Medical device company BioDirect has raised $2 million in bridge financing to develop point-of-care products for the diagnosis and treatment of concussions and other traumatic brain injuries. Its first product, the Tbit system, utilizes the company’s nanotechnology-based biosensors to detect protein biomarkers released following head trauma. With this portable system, BioDirect aims to achieve early diagnosis and treatment without the need for CT scans.

Financing Amount: $2 million

EverlyWell, a digital platform provider based in Austin, Texas, that enables consumers to order laboratory tests online, submit their samples, and receive results, has raised $2 million in a funding round led by Next Gen Venture Partners.

Jack Novak, SoGal Ventures, Full Tilt Capital, and other unnamed venture capital firms also participated in this financing round. The company raised $2.5 million last year, which, combined with a $500,000 seed fund, brought its total funding to $5 million. EverlyWell plans to use the latest funds to hire more executives, explore new partnerships, and improve its product features.

Financing Amount: $2 million

Arizona-based telehealth platform provider eVisit has raised $2 million from Kickstart Seed Fund, Arizona Founders Fund, and angel investor Jeremy Andrus. Previously, the company raised $1 million in July 2016. The latest funding will be used to expand eVisit’s marketing and support teams.

Financing Amount: $2 million

NowRx, an app-based pharmacy delivery company based in Mountain View, California, has raised $2 million in seed funding. The startup, which has been operating for over a year, plans to use the capital to expand its customer base.

Financing Amount: $2 million

Osso VR, a company aiming to break the spatial constraints of surgical instrument training through virtual reality technology, raised $2 million in a funding round led by Signorire, with participation from Anorak Ventures.

Financing Amount: $1.9 million

Thriva, a London-based company that provides blood tests to consumers via mail-order kits, has raised $1.9 million (£1.5 million) in seed funding. Individual investors participating in the round include Zoopla CEO Alex Chesterman and TransferWise CEO Taavet Hinrikus, while institutional investors include Seedcamp, 500 Startups, and the London Co-Investment Fund (LCIF).

Financing Amount: $1.5 million

Spring, based in New York City, has raised $1.5 million in seed funding to provide clinical decision support for behavioral health providers. The round was led by the William K. Warren Foundation, a charitable organization affiliated with St. Francis Health System, and serial entrepreneur Kevin Ryan (founder of Gilt and Business Insider), with participation from RRE Ventures, North Sound Ventures, Saddlefire Ventures, and Rough Draft Ventures.

Spring is commercially promoting a technology originally developed by the Yale School of Medicine’s Department of Psychiatry. The clinical efficacy of this technology has been corroborated by research studies published in JAMA Psychiatry and The Lancet Psychiatry.

Funding Amount: $1.5 million

BrainCheck, a Houston-based developer of a mobile neurocognitive assessment platform, has raised $1.5 million to expand product sales, broaden distribution channels, and enhance R&D capabilities. The latest funding round was led by True Wealth Ventures. Combined with the $3 million previously raised, the company’s total funding now stands at $4.5 million.

Financing Amount: $1 million

HelloMD is a service company that leverages telemedicine technology to connect patients with physicians authorized to prescribe medical marijuana, raising $1 million in equity financing through SeedInvest. The funding round included $200,000 from SeedInvest itself via the platform’s “Selections Fund.”

Funding Amount: $500,000

Healthcare technology company HealthReveal, which provides data analytics and remote monitoring services to payers and providers to ensure patients receive guided medical care, has secured a $500,000 follow-on A-round investment from Northwell Ventures. The company raised $10.8 million several months ago in an A-round led by GE Ventures, Greycroft Partners, and Flare Capital Partners. With the latest funding, HealthReveal’s total financing has reached $11.3 million.

Financing Amount: $350,000

Impressiq, based in Winston-Salem, North Carolina, offers a data information platform that enables hospitals and health systems to integrate new applications into electronic health records (EHRs) in accordance with interoperability standards. The company has announced securing $350,000 in seed funding and has saved hospitals over $3 million since the platform’s launch.

Financing Amount: Undisclosed

NarrativeDx, headquartered in Austin, Texas, has secured an undisclosed amount of Series A funding led by LiveOak Venture Partners, Cultivation Capital, and HealthX Ventures. The company leverages artificial intelligence and natural language processing to analyze patient feedback and provide insights on how healthcare institutions can improve the patient experience.