Digital health news, funding roundup in the prior week; September 27

Kristin Karaoglu · September 27, 2021 · Short URL:

UnitedHealthcare makes Apple Fitness available at no cost; Devoted lands $1.2 billion!

More healthtech companies are going public, but are they measuring up? A number of 2021 healthtech companies are trading below their IPO price, with reduced market caps. Read more

UnitedHealthcare is the largest single health carrier in the United States, with about 70 million members. UnitedHealthcare is making Apple Fitness+ available to millions of members at no cost. Read more

Apple's latest iOS goes further with its Health app.A lesser-known update to the Apple iOS system could offer health companies and consumers a significant change to how they share health-related data. Read more on Yahoo news.

Devoted Health​: Devoted Health ​is a​ Waltham, Ma.-based health insurer focused on Medicare Advantage plans. Devoted Health​ ​​is raising up to $1.2 billion in Series D funding at around an $11.5 billion pre-money valuation, per a Delaware stock authorization filing found by Axios. ​Read more   

Opentrons Labworks: Opentrons Labworks is a Brooklyn, N.Y.-based robotics company focused on helping life scientists automate many of their experiments and processes. Opentrons Labworks is raising $200 million led by SoftBank. Read more 

IVX Health​: IVX Health​ is a Nashville, Tn.-based operator of outpatient infusion centers​. IVX Health has raised $100 million in Series F funding from Great Hill Partners. ​Read more  

Hexagon Bio: Hexagon Bio is a Menlo Park, Ca.-based biotech company that's trying to design cancer and infectious disease drugs based on insights mined from the DNA in millions of species of fungi. Hexagon Bio has raised $61 million in funding led by Nextech, with participation from SoftBank, Casdin Capital and earlier investors The Column Group, 8VC and Two Sigma Ventures. Read more  

NOCD: NOCD is a Chicago-based startup that offers online therapy for obsessive-compulsive disorder. NOCD has raised $33 million in Series B funding. F-Prime Capital led the round, joined by Eight Roads Ventures, Kaiser Permanente Ventures, 7wireVentures, Health Enterprise Partners, and Chicago Ventures. Read more

Meru Health: Meru Health is a San Mateo, Ca.-based digital clinic for mental health. Meru Health has raised $30 million in Series B funding led by Industry Ventures. Other participants in the round included Bold Capital Partners, Freestyle VC, FMZ Ventures and Leksell Social Ventures. Read more  

GeneEdit: GeneEdit​ is a South San Francisco-based gene therapy delivery startup​. GeneEdit has raised $26 million in Series A funding from Eli Lilly, KTB Network, Company K Partners, Korea Investment Partners, DCVC Bio, Sequoia Capital, and half a dozen other investors. ​Read more ​ 

Alpha Medica​l: Alpha Medical ​is a​ Palo Alto, Ca.-based telemedicine company focused on women’s healthcare​. Alpha Medical​ has raised $24 million in Series B funding, including from: SpringRock Ventures, former CEO Margo Georgiadis, Outcomes Collective Growth Capital, FMZ Ventures, Samsung Next, Chamaeleon, AV8 Ventures and GSR Ventures.​ Read more

Xealth: Xealth is a Seattle-based digital health prescribing platform that says it enables clinicians to integrate and monitor the digital health of patients. Xealth has raised $24 million in Series B funding led by Advocate Aurora Enterprises. Read more

Pager: Pager is a New York-based virtual care company. Pager raised $50 million in Series C funding. Susquehanna Private Equity Investments led the round, joined by Horizon Healthcare Services. The company separately secured a $20 million debt facility from Silicon Valley Bank. Read more

Pearl Health: Pearl Health is a New York-based primary health tech company that is promising physicians a more predictable revenue stream. Pearl Health has raised $18 million in Series A funding. Andreessen Horowitz led the round, joined by investors including AlleyCorp and AlleyCorp founder Kevin Ryan. Read more

Grow Therapy: Grow Therapy​ is a New York-based startup that helps therapists launch private practices covered by insurance​, Grow Therapy has raised $15 million in Series A funding led by SignalFire. ​Read more

Fauna Bio: Fauna Bio is a Emeryville, Ca.-based company that aims to identify and develop new drugs for neurologic, metabolic, fibrotic, and cardiovascular disorders using genetic, epigenetic, and proteomic data from animals. Fauna Bio has raised $9 million in seed funding. LifeForce Capital led the round; it was joined by True Ventures, Boom Capital, Pacific 8 Ventures, BioMed Ventures, Vibe Capital, and Arcadia Science. Read more

Veracity: Veracity is a New-York based personal care and wellness platform using hormone testing. Veracity has raised $5 million seed funding led by Global Founders Capital, with participation from L Catterton, Meridian Street Capital, Great Oaks, FAB Ventures, and Silas Capital, as well as industry executives and founders, including Away cofounder Steph Korey. Read more   

UnifiHealth: UnifiHealth is a Columbus, Oh.-based health plan for small businesses. UnifiHealth has raised $5.4 million in seed funding. Anthemis led the round, joined by Echelon Capital, Flare Capital, Digitalis Ventures and Great Oaks VC. Read more is a San Diego, Ca.-based virtual diabetes clinic. has raised $3.7 million in seed funding from Founders Fund, Define Ventures, Speedinvest and iSeed Ventures. Read more

Podcasts published last week:

Antonio Tataranni, Chief Medical Officer at PepsiCo, on VatorNews podcast

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to If you want a longer write-up, please do give us a couple of days heads up. If you'd like to be included in our Today's Entrepreneur column, please send me your Vator profile.

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Kristin Karaoglu

Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams

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