2016Q2 46The total financing amount of domestic digital health companies has reached as high as5hundred million U.S. dollars, excluding the acquisition mentioned at the end of the article8000A health insurance company that raised tens of millions of dollars in financing Bright Health. VCBeat compiled and organized the relevant content.
46 Companies That Secured Funding in Q2 2016:
HealthPrize Technologies: This companyFocusing on medication adherence therapy, the company raised an undisclosed amount in its Series B financing round. Prior to this, HealthPrize Technologies secured $7 million in investment, led by Mansa Capital, Howard Steinberg (founder of dLife), and Robert “Kam” Kamerschen (former CEO of Advo).
FareWell: Headquartered in San Francisco, USA, this company develops products aimed at preventing chronic diseases by addressing obesity. The company recently launched a digital weight-loss coaching service and secured $8.5 million in funding from individual investors, including David Perry, the founder of FareWell.Reflexion Health: A company that partners with Microsoft Kinect to deliver physical therapy programs. Following its second-quarter funding round, the company’s total financing has reached $18 million. The investors participating in the second-quarter round have not yet been disclosed. West Health Investment Fund has become the company’s lead investor, having invested $4.25 million in 2012 and provided an additional $7.5 million in funding to Reflexion Health in 2014.Iggbo: Headquartered in Richmond, the capital of Virginia, USA, Iggbo is a tech startup that meets users’ blood draw needs. The company has built a technology-enabled platform to streamline phlebotomy services. In this funding round led by Heritage Group and Tennessee-based healthcare funds, Iggbo raised $13 million. Having previously secured $6 million through several seed rounds, the company’s total funding now amounts to $19 million.Solera Health: Based in Phoenix, Arizona, Solera Health provides a platform serving patients, providers, and other stakeholders. The company announced a $3 million funding round last November, with investors contributing an additional $4 million in the second quarter of this year. This capital is intended to facilitate connections among hospitals, payers, and patients, and to offer diabetes prevention programs in its operating regions. Solera Health’s investors include BlueCross BlueShield Venture Partners, Sandbox Ventures, and SJF Ventures.Talkspace: The telemental health company raised $15 million in its Series B financing round, led by Norwest Venture Partners, with participation from Spark Capital, SoftBank, Metamorphic Ventures, and TheTime. Following this round, Talkspace’s total funding reached $28 million.ePatientFinder: ePatientFinder, a renowned health tech company based in Austin, Texas, is primarily dedicated to providing internists with more clinical trial opportunities that can transform patients’ lives. The company has recently raised $8.2 million to build its platform for clinical research communication, with investors yet to be disclosed. Meanwhile,ePatientFinder alsoLaunched a cloud-based electronic medical record service that helps physicians identify new treatment options for their patients.DocPlanner: A startup operating an online doctor appointment service, which raised $20 million in its Series C financing round. This round was led by Target Global, with participation from ENERN Investments and the European Bank for Reconstruction and Development (EBRD). To date, DocPlanner’s total funding amounts to $34 million.JIFF: This digital health revenue platform has secured an additional $17.7 million in investment, bringing its total funding to $68 million, following a $23.5 million raise last year. Its investors include Rosemark Capital, GE Ventures, Aeris Capital, and Aberdare Ventures.RetraceHealth: This direct-to-consumer provider of home-based video consultation services secured an additional $6.5 million in funding, led by new investor Lemhi Ventures, following a $1 million financing round completed in January, according to filings with the U.S. Securities and Exchange Commission.Netpulse: The company primarily develops apps for gyms and fitness clubs. It raised $13 million in its latest round of financing, led by August Capital, with participation from Javelin Venture Partners, Nokia Growth Fund, and DFJ Frontier. The company raised $15.6 million in 2012 and $18.6 million in 2014.Vital Connect: This is a patient remote monitoring company that recently completed a $10.6 million financing round, with investors undisclosed. This round of investment began as early as 2013, with a planned total of $20 million; to date, $18 million has been raised.Evidation Health: Evidation Health is a health data organization co-founded by General Electric (GE) and Stanford University, primarily engaged in the evaluation of mobile health products and services. Its total funding to date has reached at least $11.6 million. According to filings with the U.S. Securities and Exchange Commission, B Capital, the venture capital firm where director Raj Ganguly is affiliated, participated in the most recent round of financing.Moving Analytics: Moving Analytics has developed an app and website for tracking patient health and rehabilitation after hospital discharge. The company recently raised $11 million in a funding round led by startup accelerator Launchpad, with participation from HealthX Ventures.Medlla Health: The company’s founding team comprises researchers from Thiel Fellowship, Google, and Novartis. They jointly developed a glucose-sensing contact lens and successfully raised $1.4 million in funding from investors including 1517 Fund, Fifty Years Fund, Garage Capital, and BDC Capital.RubiconMD: A specialized physician consulting firm that raised $4 million in its Series A financing round in the second quarter of 2016. The round was led by Waterline Ventures, Dioko Health Ventures, and a fund from Nashville-based FCA Venture Partners, with participation from Alma Mundi Fund. Current investors also include athenahealth, which participated in the seed round, and Bob Lufrano, former CEO of Blue Cross and Blue Shield of Florida.EarlySense: The company primarily manufactures passive, non-contact bedside monitors that continuously measure respiratory rate, heart rate, and movement. It has completed a $25 million financing round led by Bank Hapoalim, Israel’s largest bank, with participation from Pitango Venture Capital, JK&B Capital, and other previous investors. This round brings the company’s total funding to $100 million, including strategic investment from Samsung.Affectica: An emotion analytics company that secured $14 million in funding led by Fenox Venture Capital. The company plans to use the proceeds to continue research and development of its emotional AI platform and expand its global operations. This round brings the company’s total funding to $34 million.Wellth: This digital health company, dedicated to improving patient adherence by offering healthier choices, raised $2 million in its second-quarter funding round. The round was led by AXA Strategic Ventures (ASV), the venture capital arm of multinational insurer AXA, with participation from B-Fore Capital, I2BF Venture Capital, Beta Bridge Ventures, and AltaIR Capital.Sensifree: The company is currently focused on developing contactless electromagnetic sensors for the continuous monitoring of heart rate and other biometrics. Its first round of financing secured $5 million, led by TransLink Capital, with other investors including UMC Capital and an undisclosed strategic investor. To date, Sensifree has raised a total of $7 million in funding.SilverVue: This software company has developed a tablet app for hospital administrators to help patients choose post-acute care. The company closed an undisclosed funding round led by Pritzker Group Venture Capital and GE Ventures, with participation from Epic Ventures.NeuroCog Trials: Received a $1.4 million grant from the National Institute on Aging, part of the U.S. National Institutes of Health, to support clinical trials of its iPad-based screening tool for cognitive impairment.6SensorLabs: The company, which focuses on smartphone-enabled allergen testing, has completed a $9.2 million financing round led by Foundry Group, with participation from Upfront Ventures, SoftTech VC, SK Ventures, Lemnos Labs, Matt Rogers, and the founder of Nest. The company’s total funding has now reached $14 million, and it has announced that it is rebranding as Nima.mPulse: A communications company specializing in healthcare security has received a $725,000 investment from the California Health Care Foundation (CHCF) Health Innovation Fund, bringing its total funding to over $14 million.Noble.MD: The company has developed an assessment tool for evaluating patient health risks and secured $1.45 million in funding from Safeguard Scientifics and BioAdvance to support the launch of its two new products.Simplee: The mobile healthcare payment company has completed a $20 million financing round, led by Social Capital, with American Express as a strategic investor and participation from 83North and Heritage Group. This round more than doubled the company’s previous total funding, bringing Simplee’s cumulative fundraising to $36 million to date.RegroupTherapy: A company providing video access services for mental and behavioral health, which raised $1.8 million in its latest funding round. The round was led by Hyde Park Angels, with participation from OCA Ventures, Impact Engine, New Stack Ventures, Wasson Enterprise, and MD Angels.Evariant: The company secured investments from McKesson Ventures and Salesforce Ventures, with the amount undisclosed. It has built a platform for healthcare providers that enables data analytics and enhances patient engagement. Following a funding round last November, Evariant’s total fundraising reached $42.3 million, with investors including Health Enterprise Partners, Lightspeed Venture Partners, and Goldman Sachs & Co.Livongo: Two years ago, Livongo, a mobile diabetes management company founded by its current CEO Glen Tullman, secured a $5 million strategic investment from Humana. Prior to this quarter, Livongo had raised $44.5 million in financing, led by the Merck Global Health Innovation Fund, Cowen Private Investments, Sapphire Ventures, and Zaffre Investments, with participation from Blue Cross Blue Shield of Massachusetts and Wanxiang America Corporation.Somnoware: The company has developed a sleep management software system and completed a $9 million financing round, led by TransLink Capital with participation from World Innovation Lab (WiL).Envera Health: Patient engagement management company Envera Health raised $14 million in this Q2 funding round, led by Harbert Venture Partners and Noro-Moseley Partners, with participation from New Richmond Ventures.Wecounsel: In this round of financing led by Longmeadow Capital Partners, with participation from Point Judith Capital and CVH Holdings, Wecounsel raised $3.5 million. The company provides video-based behavioral health consultation services for patients. To date, Wecounsel’s total funding has reached $4.5 million.BioBeats: A company that provides health tracking services for consumers, healthcare systems, and corporate wellness programs has raised $2.28 million from White Cloud Capital, AXA Strategic Ventures, and IQ Capital, bringing its total funding to an estimated $3.6 million.Naya Health: The company specializes in health tech products designed for mothers and raised $4 million in its seed round, with investment from Tandem Capital, S-Cubed Capital, NewGen Partners, Astia Angels, and Stanford’s StartX.Augmedix: The company launched a service leveraging Google Glass to reduce the time physicians spend on documentation, securing $17 million in strategic investment. Its investors include future customers such as Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), and TriHealth, while traditional venture capital firms also participated in this round: Redmile Group led the round, alongside Emergence Capital and DCM Ventures. This injection of capital brings Augmedix’s total funding to $40 million.ChartSpan Medical Technologies: The company secured $3.2 million in investment from a Texas consortium, bringing its total funding to $6 million.ResApp: Australian public company ResApp has launched a smartphone-based service for diagnosing respiratory diseases, using the phone’s microphone as a stethoscope to listen to patients’ breathing. The company has raised $9.74 million by selling 62.5 million shares at $0.16 per share.Brighterthe: The online dentistry company raised $21 million in this round of financing during the second quarter, led by General Catalyst Partners, with participation from DAG Ventures, Mayfield Fund, Benchmark, and Tenaya Capital.EverlyWell: Raised $2.5 million for its at-home lab testing service software and announced the launch of public beta testing.Unispectral: Israeli startup Unispectral has developed a specialized digital camera capable of automatically identifying the composition of physical objects in captured images, securing $7.5 million in Series A funding. This round was led by Jerusalem Venture Partners, Robert Bosch Venture Capital, Samsung Catalyst Fund, and The Tel Aviv University Technology Innovation Momentum Fund.Quartet Health: Quartet Health, a behavioral health research company backed by Patrick Kennedy, raised $40 million in its Series B funding round, led by Google Ventures, with participation from Oak HC/FT Partners, F-Prime Capital Partners, and Polaris Partners. Additionally, Krishna Yeshwant will join Quartet’s board of directors.Proteus Digital Health: Healthcare services company Proteus Digital Health has secured $50 million in funding, with investors undisclosed. The company’s existing investors include Medtronic, Itochu, St. Jude Medical, and Kaiser Permanente Ventures. Conservatively estimated, this round of financing brings Proteus Digital Health’s total funding to $450 million.EnsoData: Recently, in its Series A funding round led by HealthX，EnsoDataSecured $550,000 in Investment，Used for the R&D of sleep data analysis software. The company has been selected by the Y Combinator funding program.CareDox: CareDox, a healthcare service platform based in New York, USA, has established an online, mobile-centric platform for storing student health data. The company completed a $2.8 million financing round led by Texo Ventures and Prolog Ventures. Additionally, CareDox secured a $1.5 million venture capital investment from Western Technology Investment. Existing investors include First Round Capital, Charles River Ventures, Band of Angels, and Giza Ventures. To date, the company’s total funding has reached $6.9 million.CrossChx: Healthcare information management company CrossChx has developed a tablet-based patient security and screening system called Queue, securing $15 million in Series C funding from Silicon Valley Bank, Khosla Ventures, Drive Capital, NCT Ventures, and Moonshots Capital.Bright Health：Health insurance startup Bright Health raised $80 million in its Series A financing round in the second quarter, led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation from Flare Capital Partners.
