Notion raised $275M; Twin Health landed $140M; Modern Treasury picks up $85MRead more...
CVS Health turning drugstores into super-clinics; BetterUp raises another round for $5B valuation
Headlines from last week:
A number of 2021 healthtech companies are trading below their IPO price, with reduced market caps. More healthtech companies are going public, but are they measuring up? Read more on Vatornews
CVS Health is about to turn hundreds of its drugstores into health care super-clinics.On Feb. 1, Karen Lynch became the chief at CVS Health, the fourth-biggest company in the country—and the largest in health care, America’s biggest and in many ways most backward industry. She started fast with a daring gambit: putting CVS at the heart of the pandemic response, as a hub for COVID tests and vaccines. Read more on Fortune
Carbon Health acquires RPM vendor Alertive Healthcare. The deal comes shortly after Carbon Health's acquisition of virtual diabetes management platform Steady Health and a $350 million funding round. Read more on Fierce Healthcare
Mental health startup BetterUp raises funds at near $5 bln valuation. BetterUp has over 3,000 coaches on its platform and also provides analytics and real-time insights to help track employee progress. Read more on Reuters
The climate crisis is also a healthcare crisis. Climate change is a menace to human health — and the medical sector is part of the problem. Read more on Financial Times
Fund raisings of last week:
Neumora Therapeutics: Neumora Therapeutics is a Watertown, Ma.-based developer of precision medicines for brain diseases. Neumora Therapeutics has raised $500 million in Series A(!) funding. Arch Venture Partners led the round, joined by Amgen, Alexandria Venture Investments, Altitude Life Science Ventures, Catalio Capital Management, F-Prime Capital, Invus, Logos Capital, Mubadala, Newpath Partners, Polaris Partners, re.Mind Capital, SoftBank, Surveyor Capital and Waycross Ventures. Read more
Honor: Honor is a San Francisco-based senior care network and tech platform. Honor has raised $70 million in Series E funding and $300 million in debt financing. Baillie Gifford led the equity financing with participation from earlier investors, including funds and accounts advised by T. Rowe Price, Home Instead founders Paul and Lori Hogan, Prosus Ventures, Andreessen Horowitz, Thrive Capital, FMZ Ventures, Rock Springs Capital, Lighthouse Capital Markets, and TriplePoint Capital. Perceptive Advisors meanwhile led the debt financing with a "significant commitment" from Ares Management funds. Read more
Twin Health: Twin Health is Los Gatos, Ca.-based digital metabolic care startup. Twin Health has raised $140 million in Series C funding. Backers in the round include ICONIQ Growth, Sequoia Capital India, Perceptive Advisors, Corner Ventures, LTS Investments, Helena and Sofina. Read more
Ladder: Ladder is a Palo Alto, Ca.-based digital life insurance startup focused around flexible term life insurance policies. Ladder has raised $100 million in Series D funding co-led by Thomvest Ventures and OMERS Growth Equity. Read more
Lightship: Lightship is a El Segundo, Ca.-based maker of virtual clinical trial software. Lightship has raised $40 million in funding co-led by Define Ventures and Brook Byers, with participation from Khosla Ventures, McKesson Ventures and Time Ventures. Read more
Brave Care: Brave Care is a Portland, Ore.-based pediatric healthcare provider that operates in-person clinics and provides remote care. Brave Care has raised $25 million in Series B funding led by the physician services provider Mednax. Read more
Thyme Car: Thyme Care is a Nashville TN-based provider of oncology care management solutions.The company announced a $22 million funding round on Tuesday, led by Andreessen Horowitz, AlleyCorp, and Frist Cressey Ventures with participation from Casdin Capital and Bessemer. Read more
GraphWear: GraphWear is a Bay Area-based company that makes a continuous glucose monitoring wearable. GraphWear has closed a $20.5 million Series B round led by Mayfield, with participation from MissionBio Capital, Builders VC and VSC Ventures. Read more
MindLabs: MindLabs is a London-based live mental health platform. MindLabs has raised $3.5 million in seed funding. PROFounders Capital led the round, joined by Slack Fund, Passion Capital and Seedcamp. Read more
Bisu: Bisu is a Tokyo, Japan-headquartered healthcare startup that has built what it describes as a lab-grade testing device that can be used at home for diagnostics. Bisu has raised $3.2 million in seed funding led by QUAD, with participation from ASICS Ventures, 15th Rock Ventures, Pacifico Investments and SOSV. Read more
Redi.Health: Redi.Health is a provider of a health management technology platform for polychronic patients. Redi.Health announced a seed funding round led by Mutual Capital Partners, along with M25, Rev1 Ventures and Plug and Play. Read more
Podcasts published last week:
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Read more from our "Daily Funding Roundup" series
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