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
- Allina Health and Sutter Health announced today that they have approved a definitive agreement, taking the next step toward their shared goal of creating an integrated nonprofit health system, expanding local access to care, while leading nationally in digital and technological advancements that transform care and meaningfully improve the experiences of patients and caregivers. The definitive agreement formalizes the plans outlined in the Letter of Intent announced in March
- Anthropic partnered with the Gates Foundation to commit $200 million in grant funding, Claude usage credits, and technical support for programs in global health, life sciences, education, and economic mobility over the next four years
AI News
- Governor Katie Hobbs announced that Arizona’s Medicaid agency, Arizona Health Care Cost Containment System, will launch an AI tool this summer to detect and prevent fraud
- Anthropic partnered with the Gates Foundation to commit $200 million in grant funding, Claude usage credits, and technical support for programs in global health, life sciences, education, and economic mobility over the next four years
- Azra AI, an end-to-end enterprise platform for incidental findings and oncology workflow automation, partnered with RevealDx, a provider of AI tools for the characterization of lung nodules, building upon Azra AI’s recent acquisition of Thynk health, which provides cancer screening and incidental findings management
- Wheel, the company behind Horizon, an AI-first platform for scalable virtual care programs, and b.well Connected Health, a digital health platform that provides individuals with a comprehensive view of their health data, partnered to help organizations move faster without building the full stack themselves
- Willow Innovations, a women’s healthcare company that develops pumping bras and breast pumps for women and Ema EQ, an AI platform for women’s health, partnered to form the Women’s Health AI Consortium, an industry body dedicated to establishing shared benchmarks, ethical standards, and transparent evaluation methods for artificial intelligence in women’s health
- IKS Health, a provider of care enablement solutions supporting clinicians, staff, and patients, acquired ARAI Solutions, a developer of new AI solutions for cybersecurity and deep learning applications for autonomous systems including self-driving cars
Mental Health
- CareSource, a non-profit, managed care organization that primarily provides government-sponsored health insurance, and the University of Dayton partnered to host an exhibition game between the Dayton Flyers and the Notre Dame Fighting Irish men’s basketball teams to cap off the fourth year of community engagement events championing adolescent and young adult mental health and suicide prevention
- The International Organization for Migration and the International Federation of the Green Crescent signed a Memorandum of Understanding in Geneva to strengthen cooperation on mental health and psychosocial support, and addiction prevention for migrants and displaced communities
- The Mobile Police Department partnered with AltaPointe’s Behavioral Health Crisis Center to improve its response on mental health crisis calls by training sworn officers to effectively use mental health intervention and de-escalation techniques
- Roblox partnered with experts and mental health organizations, including Koko, a mental health nonprofit, sponsoring a game designed to help kids and teens develop resilience in the face of bullying
- OneQuest Health, a provider of trauma-informed mental health and addiction treatment services to children, adolescents, adults, and families, partnered with SHP Architecture for pilot test
Really big financings:
Healthtech:
- MiRus LLC, a privately-held company developing and commercializing proprietary biomaterials, implants and procedural solutions for the treatment of cardiovascular and orthopedic diseases, raised $1.5 billion from Boston Scientific Corporation
- Full-Life Technologies, a fully-integrated global radiotherapeutics company, raised a $150 million financing package, comprised of approximately $110 million in Series D equity and $40 million in debt financing, led by Vivo Capital and joined by Full-Life’s strategic partner SK Biopharmaceuticals and Chengwei Capital, HSG, Junson Capital, Yunion, Plaisance, Sky9 Capital, TSG Capital, as well as other shareholders
- Nourish, a dietitian-led metabolic health clinic, raised its $100 million Series C round led by Menlo Ventures, with participation from Thrive Capital, Index Ventures, J.P. Morgan Growth Equity Partners, Maverick Ventures, Y Combinator, BoxGroup, Atomico, Daybreak and Operator Partners
Big financings:
Healthtech:
- Fresha, an AI-powered marketplace and business management platform for the beauty and wellness industry, raised an $80 million primary growth investment from funds managed by KKR
- Commure, an AI infrastructure for health systems, integrating ambient workflows, agentic AI, and revenue cycle automation on a single platform, raised $70 million in a round led by General Catalyst, with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis
- Cagent Vascular, a provider of endovascular technologies, raised a $41 million Series D financing round co-led by U.S. Venture Partners and Astoria Health Investors
- Oorja Bio, a clinical-stage biopharmaceutical company developing therapies for fibrotic and cardiopulmonary diseases, raised $30 million in Series A financing from its founding investor, Westlake BioPartners
- benefitbay, an Individual Coverage Health Reimbursement Arrangement partner serving the nation’s top brokerages, employers, and their employees, raised an $18 million Series A financing led by Ten Coves Capital
- Vital Signals, a company addressing how people understand and manage blood pressure over time, raised over $15 million in investments, led by XYZ Ventures
- The Path, an AI therapy platform designed for creating long-term mental wellness, raised $14.3 million in seed funding led by Prime Movers Lab with participation from Apolo Anton Ohno, Deontay Wilder, Designer Fund and others
- Vortex Imaging, a developer of medical imaging devices, raised a $12 million financing round, supported by existing and new investors, including 10D Ventures, Entrée Capital, Harel T.E.C Partnership, Connecticut Innovations, and PhiFund Ventures
Not so big financings:
Healthtech:
- Kin Health, a free app that allows patients to remember and act upon doctors’ advice, announced a $9 million seed round led by Maveron, with participation from Town Hall Ventures, Flex Capital, Eniac Ventures, The Family Fund, Pear VC, Watershed Ventures, Foundry Square Capital, and individual investors including Doug Hirsch and Trevor Bezdek, Nabeel Quryshi, Jay Desai, Alex Cohen, Saharsh Patel and more than 30 physicians
- Century Health, a company applying AI to real-world clinical data to accelerate research, raised a $5 million seed round led by Origin Ventures, with participation from new investors InnovateHealth Ventures, 25madison, and Next Play Ventures, and continuing investors 2048 Ventures and Alumni Ventures. Strategic angel investors in the round include Zorba Lieberman, and clinicians across nephrology, neurology, and ophthalmology
- CVRD Health, a technology platform modernizing how federal contractors manage health and welfare benefits, raised $5 million in seed funding led by Upfront Ventures, and joined by Waterline Ventures and Distributed Ventures
- Sychedelic, developer of wearable EEG Neurofeedback devices to unlock the true potential of the mind, raised $3.5 million from investors like Cultadvisors LLP, TurboStart, Ideabaaz and Praveek Ventures, along with participation from angel investor
- Alcolase, a BioTech startup tackling alcohol intolerance by providing remedies for alcohol flush, raised a €1.5 million funding round supported by Ada Ventures, Delphinus Venture Capital, Antler, Manigoff Invest and a group of business angels
- NEX Health Intelligence, a health-tech business that develops AI-powered software for hospitals to detect, track, and prevent illnesses, raised €1 million in a pre-seed funding round led by Brighteye Ventures, with participation from Adeline Arts & Science, AFI Ventures, Momentous Ventures, the Conception X Angel Syndicate and a group of industry angel investors
Fund News
- Lauxera Capital Partners, a growth-buyout and growth equity firm focused on healthtech companies, announced the successful close of its Lauxera Growth II fund at €520 million
Going public
- Smart wearable company Oura announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed IPO of its common stock
Policy and government
- U.S. President Donald Trump’s administration expects hundreds of health department officials will lose civil service job protections, making them easier to fire. Supervisors at several agencies in the Department of Health and Human Services received the memo, which said positions on their teams may be reclassified in an initial wave and that additional waves would follow
- Half the states in the country and Washington, D.C. sued the Education Department, asking a judge to vacate the agency’s decision to subject students in all but a few graduate programs to the most stringent new federal loan limits. The states, all led by either a Democratic governor or a Democratic attorney general, that filed the lawsuit in the U.S. District Court of Maryland seek to overturn parts of ED’s rule implementing loan limits created by the One Big Beautiful Bill Act
Random news
- A new study from King’s College London found that one in seven people in the UK have used AI instead of contacting a doctor or healthcare service, while one in ten said they had turned to chatbots rather than professional mental health support. Convenience was the biggest reason, cited by 46 percent of respondents, closely followed by curiosity at 45 percent. Another 39 percent said they used AI because they were unsure whether their symptoms were serious enough to bother a GP in the first place
