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
- CVS Health and Google Cloud announced a new strategic partnership that aims to reimagine health care experiences, increase consumer engagement, and ultimately support better health outcomes. Central to the partnership is CVS Health’s launch of Health100, a health technology services subsidiary, that will deliver an integrated health care engagement platform for consumers, regardless of which pharmacy, care provider, medical insurance company, pharmacy benefits manager and digital health solution providers they use
AI News
- Collective Health, a TPA integrating plan admin, navigation and advocacy, partnered with Google Cloud to launch Collective AI, an AI-powered system that helps members navigate benefits and helps employer plan administration
- Oura, which designs and develops wearable rings that track sleep and performance metrics for health and wellness monitoring, launched a proprietary large language model designed for women’s health
- The Gallbladder Cancer Foundation, a non-profit dedicated to providing resources to patients and caregivers and funding research, partnered with Citizen Health, a personalized AI Advocate platform that helps patients understand and organize their medical information, to launch the AI Advocate for Gallbladder Cancer
- The Align Foundation, a nonprofit accelerating predictive biology by convening the world’s leading minds to generate and optimize the data that powers AI breakthroughs, partnered with Google DeepMind to work with the global community to chart a new roadmap for data and evaluations that can help drive AI for AMR research
- Bracco Imaging S.p.A., a diagnostic imaging company, partnered with Subtle Medical, company specializing in AI-powered image enhancement for medical imaging, to launch AiMIFY, an AI-powered contrast enhancement software solution, in the EU
- MyFitnessPal acquired Cal AI, an AI calorie counting app startup
- RadNet, a provider of outpatient diagnostic imaging services, acquired Gleamer, a radiology AI company
- Procode, an AI-powered revenue cycle management company, acquired The Auctus Group, a biller for plastic surgeons
- PCA Global Ventures, a provider of compassionate customer care and specialized debt recovery collection solutions, partnered with Wilmington University to launch a company-wide artificial intelligence training program
- The University of Waterloo partnered with UpGrad, an online higher education platform providing various programs, and Tata Consultancy Services, a business solutions company that specializes in information technology services and consulting, to strengthen Canada–India cooperation in responsible AI leadership and next-generation talent development
- The University of Washington and Microsoft expanded their partnership with the aim of accelerating AI discovery, preparing students and workers for an AI-driven economy, and helping communities understand and use AI responsibly
Really big financings:
Healthtech:
- Cognito Therapeutics, a late clinical-stage neurotechnology company pioneering non-invasive neuroprotective therapies in neurodegenerative diseases, raised a $105 million Series C funding led by Morningside Ventures, IAG Capital Partners and Starbloom Capital, with participation from new investors New Vintage, Apollo Health Ventures and Benvolio Group, among others
- Grow Therapy, a mental health platform empowering providers to deliver in-person and online therapy and psychiatric care, raised $150 million in Series D financing led by existing backers TCV and Growth Equity at Goldman Sachs Alternatives, with new investors BCI and Menlo Ventures joining Sequoia, SignalFire, and Transformation Capital
Big financings:
Healthtech:
- Eight Sleep, a sleep company combining technology, physiology, and data to unlock deeper sleep and better health, raised $50 million in a round led by Tether Investments
- Ease Health, a company focused on behavioral health solutions, building an AI-native electronic health record system for behavioral health practices, raised a $41 million Series A led by Andreessen Horowitz
- Polares, a clinical-stage structural heart company developing the MRace Posterior Leaflet Replacement system for mitral regurgitation, raised a $50 million Series C financing from DC Global Ventures, Lumination Partners, existing investors, and a new strategic investor
- Atavistik Bio, a biotechnology company discovering the next generation of selective allosteric therapeutics, raised a $40 million extension to its Series B financing from new investor RA Capital Management, joining Nextech Invest, The Column Group, Lux Capital and Regeneron Ventures
- KeyCare, an Epic-based virtual care company, raised a $27.4 million financing round led by HealthX Ventures and included participation from 8VC, LRVHealth, BOLD Capital Partners, and Ikigai Venture Partners. Additionally, this financing included a variety of strategic partners, such as WellSpan Health, Allina Health, University of Chicago Ventures, Edge Ventures, and Exact Sciences, Inc.
- Minnesota Medical Technologies Corporation, a provider of continence care solutions, raised $20.6 million of new capital through a Series A preferred equity financing co-led by HM Venture Partners and Southeast Minnesota Capital Partners
- TruDoc Healthcare, a virtual-first, full-stack healthcare platform, raised a $15 million Pre-Series B funding round from the Al Nahyan family and the Al-Ketbi family, alongside continued support from existing investor Pulsar Capital
Not so big financings:
Healthtech:
- UnityAI, an agentic AI company building an autonomous workforce for healthcare operations, raised an $8.5 million Series A funding round led by Third Prime, with participation from Nashville Capital Network, Whistler Capital Partners, Max Ventures, Company Ventures, and other existing investors
- Antiverse, an AI-driven techbio company designing therapeutic antibodies for the most challenging disease targets, raised a $9.3 million Series A financing, led by Soulmates Ventures with participation from Innovation Investment Capital, DOMiNO Ventures and existing investors DBW, Kadmos Capital and i&i Biotech Fund
- Xsensio SA, a deep-tech company developing near real-time continuous biochemical monitoring, raised a $7 million oversubscribed Series A financing round led by San Francisco-based venture capital firm WI Harper, with participation from Privilège Ventures, the European Innovation Council, and private investors across the United States, Europe, and Asia
- RAYDIAX, a manufacturing company which makes therapy-assist CT systems that enable minimally invasive interventions, raised €7.5 million from bmp Ventures, GETEC the family office of Dr. Karl Gerhold, and the EIC Accelerator program
Edtech:
- NextWork, a platform helping people learn practical AI skills by building real projects and publishing proof-of-work portfolios, raised a $4.45 million seed round led by Shakti VC with participation from Cake Ventures. Repeat investors GD1 VC, Blackbird Ventures, Icehouse Ventures, Phase One Ventures and angel investors also participated
Going public
- MiniMed Group, a diabetes management firm that will be separated from Medtronic Plc, raised $560 million in its IPO
Policy and government
- The U.S. Department of Labor announced the availability of approximately $81 million in grant funding to assist people reentering their communities after being incarcerated by helping them gain experience and secure employment in skilled trades and high-demand industries. The Reentry Employment in Skilled Trades, Advanced Manufacturing, Registered Apprenticeships, and Training initiative grants will enable organizations to provide training programs to formerly incarcerated individuals in skilled trades and high-demand industries
- Minnesota sued President Donald Trump’s administration in an attempt to stop it from withholding $243 million in Medicaid spending, warning it may have to cut health care for low-income families if the funding is held back. The move came after Vice President JD Vance said the administration would “temporarily halt” some Medicaid funding to Minnesota over fraud concerns, as part of what he described as an aggressive crackdown on misuse of public funds
Random news
- New analysis that looked at electronic health records from more than 600,000 U.S. Veterans Affairs patients with diabetes found that those treated with medications such as Ozempic and Mounjaro were less likely to develop addictions to alcohol, nicotine, cocaine, opioids and other substances than those treated with a different class of drugs. The new results — but don’t prove — that the weight-loss medications may be able to target the underlying source of cravings that affect the more than 48 million Americans with substance use disorders
