Digital health funding declines for the third year in a row
AI-enabled digital health startups raised $3.7B, 37% of total funding for the sector
Read more...Grockit, a San Francisco Learning 2.0 Start-Up has raised its Series B financing. Integral Capital Partners lead the $8M round with Benchmark Capital, who lead their Series A, participating as well. Grockit is creating a MMOLG (Massively Multi Player Online Learning Game) where people can connect to learn from each other. The company was founded by Farbood Nivi, a long time teacher, and Michael Buffington, a well known Rails developer. Grockit will use the latest financing to expand their development team and they plan to launch their first product this fall.
Rox Medical Inc., a San Clemente,
Calif.-based medical device company focused on chronic obstructive
pulmonary disease, has raised $35 million in Series C funding,
according to VentureWire. Essex Woodlands Health Ventures
led the round, and was joined by return backers Domain Associates,
Prism VentureWorks and Versant Ventures. The company had previously
raised around $16 million.
(From PE HUB. To see all PE HUB funding announcements, click here.)
AI-enabled digital health startups raised $3.7B, 37% of total funding for the sector
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