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
- Gary Cox, the CEO of a healthcare software company Power Mobility Doctor Rx, was convicted for his role in operating a platform that generated fraudulent physicians’ orders to defraud Medicare and other payers out of more than $1 billion. He faces up to 60 years in prison
- McGraw Hill and Pearson announced an agreement to begin integrating Pearson’s assessment capabilities directly into McGraw Hill’s K-12 curriculum solutions. The integration strengthens McGraw Hill’s personalization ecosystem, supporting educators’ growing need for streamlined, data-driven teaching tools while enhancing personalized learning experiences for students
Late Stage Fundings
Healthtech:
- Neuralink raised a Series E funding round of $650 million from investors including ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, Vy Capital, amongst others
- Pyx Health, an engagement company focused on healthcare’s most vulnerable, hard-to-reach populations, raised $47.5 million from S2G Investments and TT Capital Partners
- Antheia, a pharmaceutical ingredient manufacturer transforming essential medicine supply chains, raised $56 million in Series C financing led by Global Health Investment Corporation and EDBI. Additional new investors in this round include ATHOS KG and Federov, with participation from existing investors, including Viking Global Investors, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel, and Civilization Ventures
- Paytient, a healthcare payments company helping people better access and afford care, raised $40 million from Trinity Capital
- myLaurel, a healthcare company delivering home-based acute and transitional care, raised $12 million in a round led by Deerfield Management and GV, with participation from Emerson Collective, Pinta Partners, Ochsner Health, and management
Early Stage Fundings
Healthtech:
- Canid, a healthcare technology company dedicated to streamlining pediatric vaccine management, raised $10 million in Series A funding led by Telescope Partners with participation from FJ Labs, Brooklyn Bridge Ventures, SeedtoB, and others
- Dilon Technologies, a developer of medical devices for biosurgery and breast cancer treatment and diagnosis, raised a $9 million growth capital investment from JGB Management
Edtech:
- Education financing startup GyanDhan raised Rs 50 crore from Classplus and Pravega Ventures
Seed Fundings
Healthtech:
- Aeon, a Zurich, Switzerland-based AI preventive health platform, raised €8.2 million in seed funding. The round was led by Concentric, with participation from Calm/Storm Ventures, GoHub, Kadmos, EWOR and angel Daniel Gutenberg
- ArcheHealth, a healthcare operational intelligence company, raised $6.7 million in seed funding from LRVHealth, Martin Ventures, and Texas Health Resources
- MDsim, a medical technology startup developing Software as a Medical Device solutions for back pain prevention and spine surgery planning, raised an oversubscribed €2.3 million seed funding round led by Kadmos Capital, along with Astorg Philanthropy Investments
- Salvo Health, a digital gastrointestinal care company, raised $4 million from new investor The Artemis Fund alongside existing investors City Light, Human Ventures, Threshold Ventures, Alumni Ventures, Felicis Ventures and Torch Capital
- Amperos Health raised $4.2 million in a seed funding round from Uncork Capital, Neo, and Nebular, alongside strategic angel investors from OpenAI, Twilio, and Stripe
Edtech:
- Lyceum, which empowers anyone in an organization to create and deploy adaptive conversation-based trainings in minutes, raised an undisclosed amount of pre-seed funding from Hurricane Ventures
- Prepia, a provider of an AI-driven educational platform, raised €1.5 million in Seed funding from Inovo VC and Silicon Gardens Capital
Fund News
- HealthKois launched a new healthcare investment fund with a target of US$300 million, plus a green shoe option of US$100 million.
Going Public
- Virtual chronic care provider Omada Health raised $150 million in its IPO. The company sold 7.9 million shares in the IPO priced at $19 each, in the middle of its marketed range of $18 to $20. Omada shares are set to begin trading on the Nasdaq under the symbol “OMDA” on Friday
Policy and government
- US Health and Human Services Secretary Robert F. Kennedy Jr. dismissed an expert panel of vaccine advisers that has historically guided the federal government’s vaccine recommendations, saying the group is “plagued with conflicts of interest.” The entirety of the 17-member Advisory Committee on Immunization Practices, which advises the US Centers for Disease Control and Prevention on the vaccine schedule and required coverage of immunizations, will be retired and replaced with new members, Kennedy announced in a Wall Street Journal op-ed. The HHS secretary has authority to appoint and dismiss ACIP members, who typically serve four-year cycles. But removing the entire panel prematurely is unprecedented.
Random news
- Two hikers called 911 to report a third member of their party had died, but it turned out they had taken hallucinogenic mushrooms and were mistaken. The two hikers who called 911 also told a steward on the mountain’s summit that they were lost. The steward “determined the hikers were in an altered mental state,” according to the DEC. The supposedly dead person called and was not injured.
(Image source: gojilabs.com)
