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
- Hack The Box, a provider of AI-powered cybersecurity readiness and upskilling software solutions, partnered with LinkedIn, as HTB becomes LinkedIn Learning’s first cybersecurity training labs partner.
- The Digital Medicine Society, in collaboration with the Consumer Technology Association and a coalition of industry partners, launched a new initiative to build a digital blueprint for tech-enabled aging in place for older seniors
AI News
- New Zealand’s Ministry of Health announced a plan to roll out AI scribes to 1,000 doctors and frontline staff in emergency departments nationwide following the success of earlier trials
- Medchat•ai, a provider of AI-powered healthcare automation, and Mark Cuban Cost Plus Drugs Company partnered, introducing AI customer care agents that deliver instant, personalized support for pricing questions, order status, and real-time delivery tracking
- Arrive AI, an autonomous delivery network anchored by patented AI-powered Arrive Points, and Hancock Health, a regional hospital and member of the Mayo Clinic Care Network, partnered to explore the potential of asynchronous robotic automation for medical deliveries within hospitals
- WellSky, a health and community care technology and services company, partnered with Suki, a provider of healthcare AI, to launch the WellSky Ambient Listening solution, an AI-powered ambient listening feature within its Specialty Care electronic health record solution
- Altius, an AI-powered wellbeing infrastructure company, partnered with Syd Life AI, a provider of preventive health technologies, to launch its personalized LLM in the United States
- Florida State University partnered with Google to offer students complimentary access to the Google People Management Essentials certificate program, which helps students gain leadership and professional skills, while also learning how to use artificial intelligence at work
- SimpliTaught., a provider of generative AI-based education technology, partnered with the Zanzibar Ministry of Education and Vocational Training to implement a major digital learning program across public schools
- Anthropic and Iceland’s Ministry of Education and Children partnered to bring Claude to teachers across the nation, launching a national AI education pilot to give teachers from every region of Iceland access to advanced AI tools as the country explores how artificial intelligence can transform education
Late Stage Fundings:
Healthtech:
- Hippocratic AI, a provider of safety-focused generative AI healthcare agents, today raised $126 million in a round led by Avenir Growth, with participation from new and existing investors, including CapitalG, General Catalyst, Andreessen Horowitz, Kleiner Perkins, Premji Invest, Universal Health Services (UHS), Cincinnati Children’s Hospital Medical Center, WellSpan Health, John Doerr, Rick Klausner, and others
Early Stage Fundings
Healthtech:
- AAVantgarde Bio, a clinical-stage, biotechnology company pioneering therapies for inherited retinal diseases, raised a $141 million Series B financing round co-led by a new lead, Schroders Capital, as well as existing investors Atlas Venture and Forbion. Other new investors included Amgen Ventures, Athos Capital, CDP Venture Capital through its Large Ventures Fund, Columbia IMC, Neva SGR, Sixty Degree Capital, XGen Venture, and Willett Advisors. AAVantgarde also received continued support from existing investors Longwood Fund and Sofinnova Partners
- Amae Health, a Public Benefit Corporation and provider of outpatient treatment for severe mental illness, raised a $25 million Series B round led by Altos Ventures with participation from all existing investors, including Quiet Capital, Bling Capital, Cedars-Sinai Ventures, Healthier Capital, and 8VC
- Sovato, a company enabling healthcare organizations to implement and scale remote robotic surgery and procedure programs, raised a Series B round of funding led by Beringea, with follow-on investments from existing investors including Polaris Partners, Intuitive, GS Ventures, Laerdal Million Lives Fund, Puma Venture Capital, Teladoc Health, and other private investors
- Onchilles Pharma, a biotech company developing next-generation cytotoxic therapeutics that harness the ELANE pathway, raised a $25 million Series A1 round from new investors Invivium Capital, Kennedy Lewis Investment Management, and UCM Ventures, and existing investors LYZZ Capital Advisors and Lincoln Park Capital Fund
- Elephas Biosciences Corporation, a company that has developed a live tumor profiling platform for immunotherapy response prediction, raised a Series B-2 funding round of $40 million which included participation from existing investors including Northpond Ventures, ARCH Venture Partners, the State of Wisconsin Investment Board, Tao Capital Partners, Sands Capital, Venture Investors Health Fund, among others
- Lumonus, a provider of AI powered radiation oncology workflow solutions, raised an A$25 million Series B financing round led by Aviron Investment Management with continued participation from Oncology Ventures
- Pluro, a company with the goal of creating a single national platform for IVF and fertility treatment, raised a $14 million Series A from Bessemer Venture Partners
- Ad Scientiam, a company specializing in digital biomarkers dedicated to the continuous, real-life monitoring of serious and debilitating diseases, raised an undisclosed amount of funding from TechLife Capital
Edtech:
- Flint, an AI-powered education platform transforming how students learn and teachers teach, raised a $15 million Series A co-led by Basis Set Ventures and Patron. The round includes participation from USC Viterbi, AME Cloud Ventures and Matt Pittinsky, with follow-on investments from Afore Capital and Y Combinator
- WeWillWrite, which helps teachers create a social and safe environment where students can practice writing through play, raised €2 million in a round led by Skyfall Ventures and Spintop Ventures. Existing angel investors, including Johan Brand and Jamie Brooker, Aurora Klæboe Berg, Gaute Godager, Fredrik Schjold, and Alexander Lund, also participated
Seed Fundings
Healthtech:
- Tala Health, a digital-first healthcare provider that offers AI-driven clinical support for diagnostic triage and care coordination, raised $100 million in a round led by Sofreh Capital
- Popai Health, a company that transforms patient conversations into action, raised $11 million in funding led by Team8, NEA and additional strategic investors
- Coherence, which develops healthcare tech linking cancer neuroscience with neurotechnology for new treatments, raised $10 million in a seed round led by Artesian & Topology Ventures. Pre-seed investors Blackbird and Possible Ventures also participated. They were joined by investors and angels, XEIA Venture Partners, Jumpspace Ventures, Xtal, Divergent Capital, SmartGateVC, Spacewalk VC, Matt Krisiloff, Linhao Zhang and Tim Shi
- LambdaVision, a biotech company leveraging microgravity to manufacture investigational protein-based artificial retina to help patients regain sight lost to retinal degenerative diseases, raised a $7 million seed funding round co-led by Seven Seven Six and Aurelia Foundry Fund, with additional support from Seraphim Space
- Hepta, a biotechnology company using transformer-based AI to read the cell-free DNA epigenome and detect organ-specific signals of chronic disease, raised $6.7 million in seed funding led by Felicis Ventures and Illumina Ventures, with participation from SeaX Ventures, Alumni Ventures, and AME Cloud Ventures
- Mecha Health, a healthtech company that develops digital tools for remote injury assessment, monitoring, and treatment plans, raised $4.1 million in Seed funding, led by Valia Ventures with support from Y Combinator
- Holi, a digital metabolic wellness clinic, raised €3 million in seed funding led by 4growth VC, with participation from YZR Capital, Heartfelt Capital, and several business angels
Edtech:
- Mindsmith, an AI-native e-learning platform that combines artificial intelligence with modern learning science, raised a $4.1 million seed funding round led by Next Frontier Capital, with participation from WndrCo, Grix, and others
Going public
- Molecular diagnostics firm BillionToOne raised $273.1 million in its U.S. initial public offering, selling about 4.6 million shares priced at $60 apiece in the IPO, compared with its targeted range of $49 and $55, giving it a potential valuation of about $2.64 billion
Fund News
- Ventures Platform secured a $64 million first close for its new $75 million fund, which will focus on fintech, healthtech, agritech, edtech, and AI
- Pitango, one of Israel’s longest established venture capital firms, raised $300 million for two early-stage investment and seed funds – Pitango First and Pitango HealthTech
Policy and government
- President Trump announced deals that aim to lower the cost of popular weight-loss drugs. Speaking alongside drug executives at the White House, Trump unveiled agreements with Eli Lilly and Novo Nordisk. Consumers are set to pay between $245 and $350 per month for obesity drugs including Wegovy and Zepbound. The deals will also expand Eli Lilly and Novo Nordisk’s access to Medicare and Medicaid
- Cornell University agreed to pay $60 million and accept the Trump administration’s interpretation of civil rights laws in order to restore federal funding and end investigations into the Ivy League school, including $30 million directly to the U.S. government along with another $30 million toward research that will support U.S. farmers
Random news
- Tom Brady, six-time Super Bowl-winning quarterback and current Fox Sports broadcaster said in a statement from a company he is an investor in that his dog, Junie, is a clone of his late dog, Lua. Brady made the announcement on the same day that Colossal Biosciences, a venture capital-backed biotech start-up, made an acquisition of another animal cloning firm, Viagen Pets and Equine
(Image source: leadsquared.com)
