Tebra raises $250 million, Udemy merges with Coursera, Brainworks Ventures launches $50M fund

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  

• Caris Life Sciences,  a patient-centric, next-generation AI TechBio company and precision medicine pioneer, today announced that its therapeutic research arm, Caris Discovery, has entered into a multi-year collaboration and license agreement with Genentech, a member of the Roche Group. In this collaboration, Caris will work to identify and validate novel oncology targets in solid tumor tissu
• Coursera and Udemy announced that they entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, 2025, the implied equity value of the combined company is approximately $2.5 billion

AI News

• Accenture and Anthropic expanded their partnership to help enterprises move from AI pilots to full-scale deployment by forming the Accenture Anthropic Business Group—with approximately 30,000 professionals to receive training, as well as a new joint offering for CIOs to scale AI-powered software development and they will co-develop solutions for regulated industries including financial services, life sciences, healthcare, and public sector
• Hornets Sports & Entertainment and Honeywell partnered, designating Honeywell as the Official Building Automation Partner for the Charlotte Hornets, deploy its AI-driven solutions to help enhance the safety and efficiency of HSE’s two core facilities – Spectrum Center and the Novant Health Performance Center – for guests, players and employees
• Aidoc, a developer of artificial intelligence tools for radiologists and multidisciplinary patient treatment, expanded its partnership with WellSpan Health, a health system serving central Pennsylvania and northern Maryland, scaling Aidoc’s full aiOS across all nine hospitals and more than 250 care locations, benefitting more than a million patients served annually by WellSpan
• Movate, a provider of digital technology and customer experience services, acquired Solomo, a Salesforce, data and AI consulting company with specialization in the healthcare sector
• Healthcare Triangle, a provider of digital transformation solutions for healthcare and life sciences, acquired Teyame AI, an AI customer engagement business
• Joy Parenting Club, developer of an AI-powered tracker for feeding, sleep and diapers, acquired Heba Care, a technology platform that supports families navigating complex health and developmental needs
• HarmonEyes, an AI-driven eye-tracking software company, acquired iFocus Health, an ADHD treatment monitoring solution that tracks eye movement to objectively assess patient response to medication
• The University of Texas at Dallas partnered with Tech Mahindra, a provider of technology consulting and digital solutions to enterprises across industries, to collaborate on artificial intelligence innovation, skill development and research

Really big financings: 

Healthtech:

• Tebra, an all-in-one EHR+ platform, raised $250 million in new equity and debt financing led by Hildred, as well as a debt facility provided by J.P. Morgan. The round included participation from existing investors Toba Capital, Transformation Capital, and HLM Venture Partners
• Chai Discovery, an AI company that predicts and reprograms the interactions between biochemical molecules, raised a $130 million Series B financing round co-led by Oak HC/FT and General Catalyst
• Ambros Therapeutics, a clinical-stage biotechnology company advancing late-stage therapies for severe, underserved diseases beginning with neridronate for Complex Regional Pain Syndrome Type 1, raised a $125 million Series A financing co-led by RA Capital Management and Patient Square Capital’s platform Enavate Sciences, joined by Abiogen Pharma, Janus Henderson Investors, Arkin Bio, Balyasny Asset Management, Transhuman Capital, Adage Capital Partners LP, and other dedicated life sciences investors
• Atavistik Bio, a biotechnology company discovering the next generation of precision allosteric therapeutics, raised a $120 million Series B financing led by Nextech Invest and The Column Group, with participation from existing investor Lux Capital and new investor Regeneron Ventures
• Addition Therapeutics, which develops RNA-only therapeutics using PRINT technology for genetic medicine, raised $100 million from SR One, Pivotal Life Sciences, Abingworth, Osage University Partners, the Gates Foundation, and BEVC

Big financings:

Healthtech:

• Codoxo, a provider of AI and generative AI-powered healthcare payment integrity solutions, raised $35 million in Series C funding, led by CVS Health Ventures. Echo Health Ventures joins the round as a new investor, with continued investment from existing investors including Sands Capital, 111 West Capital, Brewer Lane Ventures, Wipro Ventures, 450 Ventures and QED Investors
• Link Cell Therapies, an oncology cell therapy company, raised a $60 million Series A financing led by Johnson & Johnson, with participation from founding investors Samsara BioCapital and Sheatree Capital, as well as Wing Venture Capital and other new strategic and financial investors
• Aeovian Pharmaceuticals, a clinical-stage biopharmaceutical company developing highly selective small molecule therapeutics that restore cellular metabolic quality control, raised a $55 million Series B financing co-led by new investors Luma Group and CTI Life Sciences Fund, with participation from Foresite Capital, SymBiosis, the TSC Alliance Endowment Fund and Wilson Sonsini. Existing investors Apollo Health Ventures, Hevolution, Sofinnova Investments and venBio also supported the financing
• Nanit, a startup developing smart baby monitors and sleep tracker devices, raised a $50 million growth capital round led by Springcoast Partners with participation from Upfront Ventures and JVP
• Allink Biotherapeutics, a clinical-stage biotechnology company focusing on developing advanced antibody-drug conjugates and multi-specific antibody therapeutics for oncology and immunology, raised $47 million in a round led by existing supporter Legend Capital and new investor Meituan Long-Z Investment, along with Lanchi Ventures, Yuanbio Venture Capital, 5Y Capital, Lapam Capital, and Runzhang Venture Capital
• Valerie Health, anAI front office for independent provider groups, raised a $30 million Series A led by Redpoint Ventures
• Jutro Medical, an AI-first primary care operator integrating online and offline care, with its own EHR, scalable clinic operations and AI agents, raised a €24 million Series A extension round led by Warsaw Equity Group, with participation from Vinci, naturalX Health Ventures, Fluent Ventures, Aternus, KAYA VC, and Inovo VC
• TargED Biopharmaceuticals, a biotechnology company that develops biological drugs to improve treatment of thrombosis, raised a €21.5 million Series A extension led by BioGeneration Ventures, with participation from existing investors, including Andera Partners, Fund+, Hadean Ventures, Inkef Capital, Sunstone Life Science Ventures, and Curie Capital
• Alphyn Biologics, a clinical-stage dermatology company developing first-in-class Multi-Target Therapeutics, raised $25 million in a round led by QCA Investment Group and included existing investors Angel Physicians Fund, Serial Stage Venture Partners, a corporate fund, and several new investors
• Nawah, a core hub of advanced research facilities offering online and on demand scientific services, raised a $23 million Series A round led by Life Ventures Holding Group, with participation from Den Ventures, Empire M, AfricInvest, and Elsewedy, alongside banks and angel investors
• T-CURX, which develops personalized T cell therapies for cancer, leveraging a proprietary platform for improved patient outcomes, raised a $20 million Series A financing led by BiomedVC and included Bayern Kapital, HighLight Capital, and i&iBio Fund, as additional investors along with existing and new individual investors
• Manifold, an AI platform for life sciences, raised an $18 million Series B funding round led by Reach Capital, with participation from SilverArc Capital, Industry Ventures, and existing investors TQ Ventures and Calibrate Ventures
• Ember LifeSciences, a company that develops cold chain solutions for transporting temperature-sensitive medicines, raised a $16.5 million Series A funding round led by Sea Court Capital, with participation from Cardinal Health, Carrier Ventures and other influential investors, including former U.S. Secretary of State Mike Pompeo
• Liom, a developer of non-invasive biomarker monitoring and the developer of the world’s first non-invasive glucose-monitoring wearable, raised a CHF 13 million extension of its Series A financing round led by previous lead investors, with new participation from Red Bull Ventures, Marc Maurer, Melih Odemis, Alejo Costa Ribalta, and others
• Drive Health, a Google-powered agentic AI platform designed to transform how patients navigate care and alleviate the workload placed on clinicians, raised $15 million from Vitalis Ventures and Inside Capital Partners 
• Cosán, a connected chronic care management company helping providers extend care beyond the clinic, raised a $15 million strategic growth investment round led by Ziegler Link-age Funds 
• Clarity Pediatrics, a telehealth leader reimagining pediatric chronic care, raised $14.5 million in Series A funding led by Jackson Square Ventures and new investors City Light Capital, MassMutual Catalyst Fund II, GingerBread Capital, Scrub Capital and Operator Collective. Existing investors, including Rethink Impact, Maverick Ventures and Homebrew, also participated
• Wearlinq, a provider of wearable health monitoring and diagnosis solutions, raised $14 million in Series A funding led by AIX Ventures, along with SpringTide, Berkeley Catalyst Fund, Lightscape Partners, Solasta, Alumni Ventures, Amino Capital, Angelschool, LDV Partners, Maliam, XB Ventures, Celtic House Asia Partners Health, Device of Tomorrow Capital, NYX Ventures Partners, and SmartLink Partners
• Leona, which simplifies communication by automatically organizing patient chats, allowing healthcare providers to manage their time effectively, raised $14 million in seed funding led by Andreessen Horowitz, with participation from General Catalyst, Accel, Kate Ryder, David Vélez, and Simón Borrero

Not so big financings:

Healthtech:

• Longevity startup GlycanAge raised $8.7 million in a round led by Fifth Quarter Ventures, with participation from Guinness Ventures, BrightCap Ventures, South Central Ventures, Impetus Capital, Vesna Deep Tech VC, and Lightfield Equity. The round was also joined on a pro rata basis by existing backers, including LaunchHub Ventures and Kadmos Capital, among others
• Preventive healthcare startup Lucis raised an $8.5 million seed funding round led by General Catalyst, with participation from Y Combinator, Kima Ventures, Motier Ventures, Circle.Co, and North South Ventures
• Auxira Health, a virtual cardiology company that helps practices thrive, raised $7.8 million in a seed funding round co-led by Route 66 Ventures and Abundant Venture Partners with additional participation from DigiTx Partners, American Heart Association Ventures, Ensemble Innovation Ventures, and City Light Capital
• Ferronova, a medical technology company on a mission to improve treatment options in early stage, complex cancers and increase survival rates with its unique surgical oncology tracer system, raised $6 million round was led by existing investors Uniseed/UniSuper, South Australian Venture Capital Fund, Artesian Venture Partners and Renew Pharmaceuticals
• Mindoo, a platform for deploying safe and governed agentic workflows in healthcare, raised €5 million in seed financing from 6DC, Syndicate One and a group of strategic angel investors
• Fida Biosystems, a life science tools company, raised €5 million from EIFO and FSG
• RedDrop Dx, a provider of automation-ready remote blood collection technology, raised a $5 million seed round led by Innosphere Ventures and Stout Street Capital, with participation from Breakthrough Venture Capital and several strategic angel investors
• IVFmicro, a company developing technology intended to improve IVF outcomes by increasing the quality and number of embryos produced per cycle, raised £3.5 million in a pre-seed round led by Northern Gritstone, with support from the Innovate UK Investor Partnerships Programme
• Amferia, a startup manufacturing medical materials that actively prevents infections, raised €3.5 million in a round led by both existing shareholders and several new investors prominent in global wound care

Edtech:

• Bildup AI, a company developy a new model of education that blends artificial intelligence with purpose-driven learning, raised a $400,000 angel investment round, backed by a group of undisclosed investors
• BoodleBox, a platform for collaborative AI in higher education, raised a $5 million seed round co-led by Dogwood Ventures and Osage Venture Partners. Additional investors include JFFVentures, ECMC Group, Hivers and Strivers, Service Provider Capital, the UVU Wolverine Fund, and City Light Capital

Going public

• Medline’s stock rose 40% to close at $40.66 in its debut, making it the year’s biggest IPO. The medical supply giant said that it had raised $6.26 billion in its IPO, selling a little over 216 million shares at $29 each, with the stock set to begin trading on Wednesday. Based on a total Class A share count of around 1.3 billion, the company’s market cap stood north of $50 billion

Fund News

• Brainworks Ventures, an AI-native venture capital fund, launched its initial $50 million fund with a focus on AI applications, infrastructure, and tooling, healthcare and life sciences, enterprise productivity, and education

Policy and government

• The U.S. Department of Education confirmed $208 million in new grant awards for school-based mental health programs, $120 million of which will specifically go to rural school districts. The funds will be distributed across 65 recipients – 33 rural school districts and 32 metropolitan districts – and aim to boost the headcount of credentialed mental health providers, which has decreased since 2021
• The House passed a GOP-backed health care bill that does not include an extension of expiring tax credits that help millions of Americans pay for health insurance under the Affordable Care Act. The bill faces an unclear future in the Senate, where it would need support from several Democrats to pass. GOP leaders unveiled the bill, known as the Lower Health Care Premiums for All Americans Act, last week. It would expand association health plans, lower premiums for some Affordable Care Act enrollees and enact reforms aimed at decreasing drug costs. But the exclusion of an extension of the Affordable Care Act tax credits sparked a revolt by a handful of moderate Republicans earlier in the day — none of whom ultimately voted against the bill. Four GOP members signed a Democratic discharge petition to force a vote on extending the subsidies for three years, teeing up a final vote early in the new year