Healthtech and edtech are two of the fastest growing sectors, with the healthtech market size to reach $3.1 billion by 2033, while the global education technology market size is projected to reach $348.41 billion by 2030.
Each week will do a roundup of the top news, fundings, and IPOs from these two sectors.
Top News
- Lightbeam Health Solutions, an AI-enabled solutions and services leader in population health management, acquired Syntax Health, an enterprise SaaS platform that streamlines contract modeling, incentive design, and payer-provider alignment. The addition of Syntax’s capabilities strengthens Lightbeam’s ability to support healthcare organizations navigating complex incentive structures and contract modeling while advancing more collaborative, data-driven value-based care strategies
- AIBODY, the creator of a digital physiology platform, partnered with TDS Health, a provider of healthcare education and clinical training solutions. Under the agreement, TDS Health will serve as an authorized distributor of AIBODY’s healthcare simulation and education products in the United States and other territories
AI News
- RapidAI, a provider of deep clinical AI and global leader in enterprise imaging, partnered with Amazon Web Services to bring together AWS’s AI infrastructure and machine learning pipelines with RapidAI’s deep clinical expertise and multimodal healthcare data
- Fangzhou, a provider of AI-driven Internet healthcare solutions, and Tencent Healthcare, the company’s division that leverages AI, cloud computing, and big data to develop integrated digital healthcare solutions, partnered to launch a “AI+Chronic Disease Management” solution
- National 4-H Council and Microsoft extended their partnership to expand AI education for rural youth and educators
- The University of Kentucky partnered with Microsoft to advance the responsible use of artificial intelligence and strengthen learning, innovation and care across the Commonwealth
- Rochester Institute of Technology partnered with Gallaudet University to launch a research traineeship program in Universal AI
Late Stage Fundings:
Healthtech:
- Artera.io, a company combining human and AI agent intelligence to fix patient communications, raised a $65 million round from existing investors Lead Edge Capital, Jackson Square Ventures, Health Velocity Capital, Heritage Medical Systems and Summation Health Ventures
- Akura Medical, a company focused on reshaping the landscape of venous thromboembolism care, raised $53 million in a round led by Qatar Investment Authority with participation by current investors
Early Stage Fundings
Healthtech:
- Reema Health, a solution that engages hard-to-reach members to improve health outcomes, raised $19 million in Series B funding from LRVHealth and Optum Ventures, with follow on investment from current partners, including HC9
- Curative Health Insurance Company, a health plan engineered to eliminate barriers and actually improve health, raised over $150 million in Series B funding led by Upside Vision Fund, with significant participation from Justin Mateen, along with Mike Novogratz, Duquesne Family Office, DCVC, and Martin Varsavsky
- Angle Health, a vertically-integrated AI platform for healthcare benefits, raised a $134 million oversubscribed Series B round led by Portage and major investors including Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC, and Y Combinator
- Axoltis Pharma, a biotech company dedicated to developing novel therapeutic solutions for neurodegenerative diseases, raised a $20.9 million Series A funding round co-led by FIDAT Ventures and Cenitz with contributions from private investors, including citizens coalesced through an equity crowdfunding campaign on the Capital Cell platform, business angels and the Le Cercle de Chiron syndicate
- One-carbon Therapeutics AB, a clinical-stage biotechnology company pioneering first-in-class cancer therapies, raised €13.9 million in a round supported by current and new investors and private Swedish family offices
- Circular Genomics, a developer of circular RNA-based precision medicine tools for neurology and psychiatry, raised a $15 million Series A financing round led by Mountain Group Partners, with participation from Poplar Grove Investors, HIP Fund, and the Alzheimer’s Drug Discovery Foundation
- Innerskin, a medical aesthetic start-up, raised a $15 million investment from Iris Ventures and Label Capital
- Sim&Cure, a developer of AI-driven Digital Twin software for neurovascular treatments, raised a €10 million round from historical investors Elaia and IT Translation Investissement, alongside IRDI Capital Investissement, SWEN Capital Partners, Sofilaro, Tudigo and Holnest
- Trial Library, an AI-enabled platform expanding access to clinical trials as a care option, raised a $10 million Series A funding round co-led by SemperVirens Venture Capital and Next Ventures, with participation from Sanofi Ventures, Lux Capital, Civilization Ventures, How Women Invest, Overwater Ventures and others
Edtech:
- Paperly, an app that provides modules for school management system and learning management systems, raised A$3 million in a round led by new investor Tribe Global Ventures with participation from Purpose Ventures, as well as Skalata
Seed Fundings
Healthtech:
- BiPER Therapeutics, a biotechnology company developing first-in-class oral small molecules that overstress pathological cells to cure patients with gastro-intestinal cancers, raised $1.16 million in funding from new investor MEDIN Fund Management Company, along with Regional France 2030
- Circulate Health, a developer of precision Therapeutic Plasma Exchange technologies and microplastics technologies, raised an undisclosed amount of funding from Scrum Ventures
- Pulse Tech, a startup building an end to end pharma-stack to empower pharmacies In Bangladesh, raised $3 million from AVV and Iterative
- Healthplus.ai, a company enabling proactive surgery care, raised €2.3 million in a round led by Elevating Capital, co-led by LUMO Labs, joined by ROM InWest, Pathena Venture Capital, and Leistone
Edtech:
- Meso, which uses AI to automate planning, generate aligned assessments and produce curriculum-specific study guides, raised €500,000 from Enterprise Ireland
Fund News
- ALS Investment Fund raised $70 million for its Fund III to continue backing breakthrough companies developing therapies for ALS and other neurodegenerative diseases
Policy and government
- The Federal Trade Commission announced that it will require Illuminate Education to implement a data security program to settle allegations that the company failed to protect student data, leading to a December 2021 breach that exposed personal information of over 10 million students. According to the FTC, although a third-party vendor hired by Illuminate to conduct cybersecurity assessments alerted the ed tech company to multiple security vulnerabilities over a year before the data breach, the company didn’t properly address those issues.
- A group of 35 House Republicans and Democrats released a plan to scale back and extend for two years the Affordable Care Act subsidies set to expire at the end of the year. The plan has the backing of roughly 15 Republicans — far short of the “majority of the majority” that has become the standard level of support needed to compel House leadership to allow a bill to receive a floor vote. The new House proposal, led by Representatives Josh Gottheimer, Democrat of New Jersey and Jen Kiggans, Republican of Virginia, would extend and reduce the tax credits in a two-step process, requiring two separate votes by Congress. The first vote would extend the tax credits for a year with some modifications, including the addition of a new income limit. The second would implement what the group described as “more significant reforms,” including potentially eliminating $0 premiums, with exceptions for need-based support
