Home Headspace Secures $30 Million in Funding as Evergrande Health Partners with Brigham and Women's Hospital

Headspace Secures $30 Million in Funding as Evergrande Health Partners with Brigham and Women's Hospital

Oct 01, 2015 08:34 CST Updated 08:34
The integration of healthcare and the internet has not only given rise to online appointment scheduling, consultations, and virtual doctor visits, but also inspired some imaginative entrepreneurs to launch an online “meditation” company. Doesn’t the name itself evoke a sense of mystery? In this era of surging digital health innovation, as long as you dare to think outside the box, investors will dare to back you. Don’t believe it? Just take a look...

Online Meditation Company HeadspaceObtained 3000$10,000 in financing

Recently, Headspace, a U.S.-based online meditation app company, secured $30 million in a new round of financing. Although the SEC had previously reported this funding round at $34 million, the confirmed actual amount raised is $30 million.

Headspace has developed a meditation app that is available for download on computers, Android devices, and Apple devices.

They believe that regularly practicing mindfulness through meditation can effectively alleviate issues such as stress, anxiety, and poor concentration, improve sleep quality and appetite, and to some extent repair interpersonal relationships (such as marital relationships).

Headspace is currently available primarily on web and mobile platforms, helping users alleviate mental stress through “meditation” and guiding their daily lives. Users can select course durations and types that best suit their mental state and lifestyle habits from a wide variety of meditation courses. They can also track their course progress and unlock various rewards as they advance through the program.

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The next point: investment firms raising funds for reinvestment—truly a game only the wealthy know how to play.

Accelerator, a Life Sciences Investment FirmCompleted 6,280$10,000 in financing

On September 29 (U.S. time), Accelerator secured $11.7 million in financing. With this, its fourth fund raised a total of $62.8 million, exceeding expectations. Accelerator focuses on investing in novel medical approaches.

The latest funding comes from AbbVie, WuXi PharmaTech, and Watson Fund.

Last July, Accelerator announced the launch of its fourth fund fundraising round, expanding its operations from Seattle to New York. Founded in 2003, Accelerator’s fourth fund represents a significant leap compared to the $3.8 million raised in its third round in 2008.

In an interview, Accelerator CEO Thong Le stated that investments in life sciences startups would rise from $50,000 to the tens of millions.

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This one belongs to Evergrande. Mentioning Evergrande conjures up images of immense wealth, as a pile of banknotes essentially propped up Chinese football. If it were to venture into the healthcare sector, one can only wonder what sparks might fly.

Evergrande Health Partners with Brigham and Women's Hospital

According to reports, Brigham and Women’s Hospital (a teaching affiliate of Harvard University) and Evergrande Health recently held a signing ceremony to formalize a strategic partnership, with both parties committed to jointly advancing the progress of healthcare services in China.

Brigham and Women’s Hospital, repeatedly ranked among the best hospitals in the United States, will provide health strategy guidance to Evergrande Health as part of this collaboration, including novel healthcare service models and systems. Meanwhile, it will offer comprehensive support to Evergrande in areas such as healthcare management, training, medical facility design, research, patient care, and clinical programs.

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By John Wang