Last Week in Digital Health Funding: Aug 19 – Aug 25
The following companies raised funds during the past 7 days: SafeKeeping, Shleep, Two Chairs, BlueDot, RIDE, CareVoice, Enable My Child, MDClone, and Digital Medical Tech.
Resident engagement and care communication platform SafeKeeping raised $330K in Seed round. Launched in 2018 by Doug Wilcox and Matt Prasek, SafeKeeping provides solutions to operational inefficiencies at long-term care facilities and creates a direct line of communication between medical providers and resident’s family members. The seed funds raised will allow the company to continue to expand offerings, support additional long-term care facilities and meet urgent industry demands for an engagement channel that puts facility efficiency first and drives tangible ROI for care providers. The round was primarily led by Solidea Capital in New York, among others. • read more.
Amsterdam-based Shleep raised €1.4M for its digital sleep coaching platform. The company has developed a B2B sleep coaching platform, which is already being used by clients such as The Huffington Post, Deloitte, and Spotify to help their employees get enough rest. So far, Shleep’s clients are reporting up to a 50% reduction in sleep debt, and up to 25% increases in productivity. It will invest the proceeds to further develop its neuroscience-based platform to improve employee productivity, health, and engagement. The raise came from investors including Global Founders Capital and Health Innovations. • read more.
San Francisco, CA-based mental health company Two Chairs raised $21M in Series B funding. Two Chairs provides in-person psychotherapy at clinics across the Bay Area. It currently operates mental health clinics in downtown San Francisco, Oakland, and San Jose, which have served over two thousand clients. The company intends to use the funds to deepen investment in technology that powers its system, accelerate its clinic growth, and continue building its team. Amplo led the round with participation from Maveron and Goldcrest. • read more.
Big data analytics company BlueDot raise $7M Series A round. The company uses big data analytics to track and anticipate the spread of the world’s most dangerous infectious diseases. The investment will help BlueDot develop its AI-driven product suite, grow its sales and commercialization efforts in government, healthcare, and insurance, and expand into new global markets. To date, the company has raised $9.5 million. The round was co-led by The Co-operators and BDC Capital’s Women in Technology Venture Fund, with participation from existing investor Horizons Ventures. • read more.
Indonesian fitness startup RIDE raised $1.25M Pre-Series A, rebrands into R Fitness. The decision to rebrand, according to the company, is a strategic one as it seeks to fulfill the mission to make wellness accessible for everyone. Under the new name of R Fitness, there will be several wellness products launched, such as Ride (nightclub-style indoor cycling fitness programme), Rave (cardio exercise programme), Reflect (mental health programme), and The POD (microgym facility access provider). The financing was provided by Intudo Ventures, Agaeti Ventures, and SMDV. • read more.
Chinese insurtech company The CareVoice raised an eight-figure USD Series A. The CareVoice’s core product is a data-driven mobile-based SaaS solution that digitizes the healthcare and insurance journey with the consumer in mind. The product has been adopted in Mainland China and Hong Kong by 15 local and international insurance companies, including Ping An and AXA. It has demonstrated a positive impact on insurance sales, customer retention and savings. Additionally, The CareVoice has recently released its latest product innovation, CareVoiceOS, the first healthcare “Operating System” for insurers. The funding will help the company pursue its vision to become the leading health insurtech platform in Asia, making health insurance digital and more human. The round was led by a global investment group, LUN Partners Group, and a global investment manager specializing in financial services. DNA Capital, as well as returning investors SOSV and Artesian Capital, also participated. • read more.
New York-based Enable My Child raised $1.2M Seed to make therapy accessible for children. The company provides high-quality speech, physical, occupational and behavioral therapy services for children. Enable My Child connects its patients with licensed therapists who can correctly diagnose and provide treatment in all stages of development from infancy to adolescence. Its proprietary technology, called the EMC Brain, serves as a vehicle for therapy, anonymously catalogs treatment methods from each case, and delivers suggestions for future patients with similar profiles, which allows the company to provide therapy that is tailored and highly effective. With the new funding, Enable My Child plans to both increase the adoption of teletherapy amongst its existing partner schools and its reach to parents through early intervention centers. CMI Ventures led the financing round with participation from strategic angel investors, including NYC-based investor Arie Abecassis. • read more.
Developer of healthcare synthetic data engine MDClone raised $26M Series B. The company has built the first of its kind platform which democratizes data to the entire healthcare ecosystem, enabling on-demand and self-service access to healthcare data without IT mediators and, using synthetic data, without risk to patient privacy. MDClone was founded in 2016 in Israel and has since expanded to the U.S. where its current clients include Washington University School of Medicine in St. Louis, Intermountain Healthcare and the Regenstrief Institute. Israeli clients include Rambam Health Care Campus, Sheba Medical Center, Tel-Aviv Sourasky Medical Center, Maccabi Healthcare Services, Clalit Healthcare Services, and Assuta Medical Center. It will use the funds to further develop its existing platform and build new products and novel approaches leveraging data across its global network, as well as accelerate sales and marketing efforts. Health-tech VC fund aMoon led the round, with additional funding from existing investors OrbiMed Israel Partners and Lightspeed Venture Partners. • read more.
Digital Medical Tech raised $1.5M Seed to expand its medical equipment tracking service. The company has developed a solution that enables health systems to proactively track medical equipment and devices via a Bluetooth platform. Its real-time location system monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions. Digital Medical Tech currently has pilot programs at Cedars-Sinai Medical Center in Los Angeles, Calif., and Keck Medicine of USC. It will use the funds to launch a nationwide engagement program for targeting healthcare providers and potential partnerships. St. Louis, Mo.-based DMTI Capital Partners, LLC provided the funds. • read more.
Please note that this list represents only the digital health deals that caught our eye in the past 7 days. There may be other deals we are not aware of or those which we don’t think fit the “digital health” category.