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Tracxn – Healthcare Newsletter # 78 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • FitTime, a fitness community and an app to remotely consult professional coaches, raised $7.2M in a Series C funding round led by Shenzhen Oriental Fortune Capital Management. Link
  • Oura, a Finnish startup which makes wearable health monitoring ring, has closed a series A funding round of €5M led by Joi Ito, MIT Media Lab Director and Jaan Tallinn, co-founder of Kazaa, and the Future of Life Institute. Link
  • Stop, Breathe, and Think, a mindfulness and meditation app, raised $1.49M in a seed funding round led by LaunchPad Digital Health and Aspect Ventures. Link
  • HealthifyMe, a lifestyle tracking platform aimed at weight loss, received $1M in funding from venture capital fund NB Ventures. Link
  • Fitpass, an online membership pass for accessing multiple fitness centers, has raised $1M in a seed round led by Mumbai Angels. Link
  • Noom, an app for Weight loss coaching, secured an undisclosed amount of investment from  Samsung Ventures. Link
  • Grokker, an online and on-demand fitness, yoga, meditation, and cooking video service, closed an undisclosed Series B financing round led by Khosla Ventures, SV Angel, First Round Capital, Aspect Ventures, Interwest Partners, Comcast, and Correlation Ventures. Link
  • Fitbit acquired software assets of smartwatch companies – Pebble and Vector. Link Link
  • Finnish fitness marketplace SportSetter rebranded to Polku after being acquired by The Orange Company. Link
  • UK-based fitness technology company Wexer acquired Dutch-based company ClubVirtual. Link

SOME INTERESTING STARTUPS FOUND

Evolve (2016, San Francisco) – An AI-based remote coaching solution for fitness & wellness.
FitRock (2016, Brooklyn) – FitRock is an app-based rewards platform.The merchants connected with the company offers rewards to the users for walking.

LEADER BOARD – FITNESS AND WELLNESS

Physical Health – Monitoring
Jawbone (SF,1999, $1B) – Fitness wristband with algorithm for activity and sleep tracking. Backed by KPCB, Andreessen Horowitz, Khosla Ventures, Sequoia Capital and more.
Codoon (Chengdu, 2011, $89.76M) – Smart Wearables and fitness social network for users. Backed by Shenzhen Capital Group, SIG China, SBCVC, CITIC Capital, Focus Media, FountainVest Partners.
Fitbit (SF, 2007, $64.98M) – Wireless wearable sensors to track person’s activities. Went public in 2015.

Physical Health – Aggregators
ClassPass  (NYC, 2011, $84M) – Membership programs for fitness classes across multiple gyms. Backed by General Catalysts Partners and Google Ventures and more.
Quancheng Relian (Beijing, 2014, $17.2M) – O2O mobile app for booking of gyms and fitness centers with subscription passes. Backed by Legend Capital, Matrix Partners China.

Physical Health – Remote Coaching Solutions
Hotbody (Beijing, 2014, $27.4M) – Fitness community and an app to remotely consult professional coaches. Backed by Hupu, Meridian Capital China, Greenwoods Investments and The Arena Capital.
Grokker (San Jose, 2012, $22.5M) – On-demand Videos for Cooking and Fitness Classes. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.
Sportq (Shanghai, 2012, $10M) – Mobile app based platform for fitness enthusiasts to consult professional coaches. Backed by SIG China and Small Ville Financial Advisor.

Physical Health – Exercise Devices
Peloton cycle (NYC, 2012, $118.93M) – Fitness bike with access to live and on-demand classes. Backed by Tugboat Ventures, Tiger Global Management, True Ventures, Grace Beauty, Brand Foundry Ventures, Catterton.
Expresso (Santa Clara, 2009, $41.3M) – Interactive gamified fitness bikes. Backed by Silicon Valley Bank, Sierra Ventures, Physic Ventures, Enterprise Partners Venture Capital.
Interactive Fitness (Sunnyvale, 2009, $29.3M) – Bikes for indoor cycling with gamification. Backed by Silicon Valley Bank, Sierra Ventures, Physic Ventures and Enterprise Partners Venture Capital.

Physical Health – Social Platform
Strava (SF, 2009, $34.6M) – Strava is the social network for athletes. Backed by Sequoia Capital, Sigma Partners, Jackson Square Ventures.
Joyrun (Guangzhou, 2014, $18M) – Social networking application for jogging. Backed by Innovation Works, Qihoo 360, The Arena Capital.

Physical Health – Information Portal
Keep (Beijing, 2014, $37.47M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, Bertelsmann Asia Investment Fund.
Healthination (NYC, 2005, $14.04M) – Health and wellness video provider. Backed by Intel Capital, MK Capital.
Health Guru  (NYC, 2007, $9.45M) – Health education portal with online health video content. Acquired by Kitara Media in 2013.

Physical Health – Tools for Fitness Centers
Mindbody (San Luis Obispo, 2001, $102.97M ) – Marketplace booking and business management SaaS for wellness centers. Went public in 2015.
Netpulse (SF, 2009, $51.7M) – Member engagement SaaS platform for fitness clubs. Backed by Javelin Venture Partners, Nokia Growth Partners, August Capital, Frontier Venture Capital, Bally Fitness, DOCOMO Innovations, Javelin Venture Partners, Frontier Venture Capital.

Physical Health – Commerce
Nu3  (Berlin, 2011, $7.47M) – An online retail platform for health & fitness related products. Backed by Lakestar, Project A Ventures, Alternative Strategic Investments, Black River Ventures.
Lighterliving (Cambridge, 2004, $3.1M) – Products & Information to manage body changes. Backed by Flybridge Capital Partners.
Hyperwear (Austin, 2007, $2.51M) – Consumer products in fitness and wellness market. Backed by Baylor, CTAN, Concho Valley Angel Network.

Physical Health – App Studio
Azumio (2011, Palo Alto, $3.4M) – Developer of mobile applications for healthcare. Backed by Founders Fund, Accel and Felicis Ventures.

Mental Health- Sleep Management
Hello (SF, 2012, $31.6M) – Sleep behaviour tracking. Backed by Temasek, Forward Partners.

Mental Health- Stress Management
Headspace ( LA, 2010, $39.31M) – Guided meditation sessions and mindfulness training. Backed by Allen & Company, WME Entertainment, Advancit Capital, Broadway Video, Deerfield, Breyer Capital.
Interaxon (Toronto, 2009, $17.95M) – Brain Sensing headband ‘Muse’ to help in meditation. Backed by Felicis Ventures, ff Venture Capital, Horizons Ventures, A-Grade Investments, OMERS Ventures, Build Ventures, Mindfull Investors, TownsgateMedia.
Happify ( NYC, 2011, $13.8M) – Platform for improved mental & emotional health through gamification. Backed by Founder Collective, b-to-v Partners, Mangrove Capital Partners, Bridge Builders Collaborative.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Fitness and Wellness feed.

 


Tracxn – Healthcare Newsletter # 79 – Diagnostics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – DIAGNOSTICS

  • Spanish diagnostics company Werfen acquires Accriva Diagnostics, a Warburg Pincus portfolio company, for an undisclosed amount. Link
  • Sera Prognostics raises $40M Series C for its preterm birth assay. Link
  • Atlas Genetics, which develops POC devices for infectious disease diagnosis, raises $35M in Series D financing. Link
  • POC Medical Systems raises $21M Series A round for its portable breast cancer screening system.Link
  • Adarza Biosystems raises $17M in Series C funding for its label-free biosensor assay platform.Link
  • Exact Imaging, maker of ultrasound-based cancer imaging tool ExactVu, closes $16M Series C round. Link
  • Owlstone Medical, which develops breath-based solutions for cancer screening, receives $11.6M in Series B financing. Link
  • Molecular Stethoscope receives $8.2M seed funding for its circulating cell-free RNA assay. Link
  • Biogen partners with Siemens Healthineers to discover MRI biomarkers for the diagnosis of multiple sclerosis.Link
  • IBM’s Watson for Genomics and Illumina announce collaboration to standardize genomic data interpretation in cancer research. Link

SOME INTERESTING STARTUPS FOUND

Immunas (2016, Basel) Develops point-of-care diagnostic solutions to differentiate between bacterial and viral infections, thus preventing antibiotic overuse. Winner of the ETH EC award 2016.

LEADER BOARD – DIAGNOSTICS

Oncology
Foundation Medicine (2010, Cambridge, $89.5M, Acq.) – Develops clinical assays for comprehensive genetic profiling for solid tumors and hematological malignancies to tailor personalized treatment regimens for patients. Backed by Google Ventures, KPCB, Third Rock Ventures; Roche owns a majority stake.

Biocartis (2007, Lausanne, IPO) – Develops in vitro molecular diagnostic platforms for multiplexed detection of bio-analytes in tissue samples. Backed by Debiopharm, J&J Development Corporation, Philips, The Wellcome Trust. Went public in 2015. 
NantHealth (2007, Culver City, IPO) – Combines molecular medicine and bioinformatics with technology services to enable personalized therapies for cancer and other diseases. Part of billionaire Patrick Soon-Shiong’s NantWorks system. Backed by the Kuwait government, Blackberry, Celgene, AllScripts.
Adaptive Biotechnologies (2008, Seattle, $404M) – Develops high-throughput immunosequencing technologies, first application being fordiagnosis of minimal residual disease in blood cancers. Backed by Viking Global, Illumina, Celgene, Lab Corp, Rock Spring Capital.

Guardant Health (2012, Redwood City, $190M) – Develops biopsy-free cancer detection and treatments using digital sequencing technology. Backed by Sequoia, Khosla Ventures, Orbimed, Lightspeed Venture Partners.

Cardiovascular Disease
Acutus Medical (2011, San Diego, $157M) – Develops medical imaging technologies for the electrophysiological market; first product gives an ultrasound-based reconstruction of the heart to diagnose arrhythmias. Backed by Advent Life Sciences, Orbimed, GE Ventures, Xeraya, Deerfield Capital.

Immune Disease
Exagen Diagnostics (2002, Vista, $76M) – Rheumatology specialty company that focuses on the diagnosis and prognosis of autoimmune connective tissue diseases. Backed by Epic venture capital, vSpring Capital, Sun Mountain Capital.

Infectious disease
Oxford Immunotec (2002, Abingdon, IPO) – Proprietary T-SPOT platform that measures immune cell responses at a single cell level to detect infectious diseases such as tuberculosis and CMV even at low pathogen loads. Backed by Dow, Clarus Ventures, New Leaf Venture Partners, Spark Ventures. Went public in 2013. 

Atlas Genetics (2005, Bristol UK, $111M) – Develops the microfluidic-based multiplex point-of-care system io™ to detect bacterial STDs and hospital acquired infections. Backed by J&J Development Corporation, Novartis, BB Biotech, Consort Medical, Life Science Venture Partners.

Reproductive Health
Natera (2004, Redwood City, IPO) – Specializes in pre-implantation genetic testing, conception testing and non-invasive prenatal diagnostics. Backed by Claremont Creek Ventures, Sequoia, Orbimed Advisors, Sofinnova Ventures, Lightspeed Venture Partners. Went public in 2015.

Sera Prognostics (2008, Salt Lake City, $95M) – Develops a proteomics test for assessing risk of pre-term birth in expectant mothers. Backed by Domain Associates, Catalyst Health Ventures, Interwest and Upstart Capital.

CNS
Assurex Health (2006, Mason, $92M, Acq.) – Develops pharmacogenomics platforms for neuropsychiatric disorders. Backed by Mayo Clinic, Claremont Creek, Allos Ventures, Sequoia, GE Capital, jVen Capital.

Avid Radiopharmaceuticals (2005, Philadelphia, $70M, Acq.) – Specializes in molecular imaging agents for diagnosis of chronic diseases. Backed by Bioadvance, RK Ventures, Lilly Ventures, Safeguard Scientific, Pfizer. Acquired by Eli Lilly in 2010 for $800M.

Platform
SuperSonic Imagine (2005, Aix-en-Provence, IPO) – Develops ultrasound imaging platforms, with applications in women health, vascular, hepatology, gastroenterology and general imaging. Backed by NBGI Private Equity, Rothschild, Auriga Partners, Omnes Capital, Alto Invest. Went public in 2014.

Singulex (2003, Alamedia, $87M) – Specializes in single molecule counting technology and biomarker research for diagnostics. Backed by GE Capital, Advantage Capital, Prolog Ventures, Orbimed, Jafco.
Personalis (2011, Menlo Park, $75M) – Use proprietary databases, human reference sequences, and sophisticated algorithms to analyze genome scale information for clinical diagnostics. Backed by Mohr Davidow Ventures, Lightspeed Venture Partners, Abingworth.

Suite
23andMe (2006, Mountain View, $232M) – Provides direct-to-consumer service of gene indexing w.r.t. ancestry, genealogy, and inherited traits. Backed by J&J Development Corporation, NEA, Google Ventures, Illumina, Fidelity Investments, Mohr Davidow, MPM Capital.

SomaLogic (1999, Boulder, $192M) – Develops proteomics tools with applications in clinical diagnostics and life science research. Backed by Novartis, Gates Foundation, Visium Healthcare.
Pathway Genomics (2008, San Diego, $70M) – Develops genetic tests for cancer risk and drug responses. Backed by KCP Capital, Edelson Tech, Founders Fund, IBM.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Diagnostics (by Disease) and Diagnostics (by Technology) feeds.

Tracxn Healthcare Newsletter # 80 – Telemedicine

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – TELEMEDICINE

  • Vida Health, a mobile app for personalized on-demand health coaching, closed an $18M series B financing round led by Canvas Ventures, Aspect Ventures, and Nokia Growth Partners. Link
  • Pursuant Health, a healthcare platforms and kiosks provider, raised $13M in a series A round from new and existing investors.Link
  • MinDoktor, an online physician consultation platform, has closed a series A funding round of $4.9M led by EQT Ventures. Link
  • SnapMD, a cloud-based telemedicine platform, has raised $3.2M in a series A round led by undisclosed institutional and private investors. Link
  • CarenaMD, a web and mobile app-based video consultation service, raised $1.5M in debt. Link
  • InnovaTel Telepsychiatry, a provider of telepsychiatry services in outpatient settings, raised $1M in debt financing. Link
  • TAO Connect, an online program to increase patient engagement, has closed a series A funding round of $460K led by the New World Angels. Link
  • Healthcare Anywhere, an enterprise solution for clinics to start their telemedicine service, received $350K in seed funding. Link
  • YoloHealth, a health checkup kiosks and teleconsultation platform, raised $235K in angel funding round led by the Chandigarh Angels Network. Link
  • eWellness Health, a tele-rehabilitation platform for chronic disease management, received $55K in a follow-on funding from JEB Partners. Link

SOME INTERESTING STARTUPS FOUND

Atomic Radiology (2016, Las Vegas) – Atomic Radiology is a tele-radiology startup. It provides diagnostic image analytics and interpretation services.

LEADER BOARD – TELEMEDICINE

Tele-Consultation
Teladoc (2002, Dallas, IPO) – Telemedicine provider offering web and mobile based video consultation. Backed by Cardinal Partners, HLM Venture Partners, Trident Capital, New Capital Partners, Jafco Ventures, Kleiner Perkins Caufield & Byers, Greenspring Associates, BNY Mellon, Questmark Partners, FLAG Capital Management. Went public in July 2015.
Ping An Good Doctor (2014, Shenzhen, $500M) – Online platform to consult doctors remotely.Backed by ClearVue Partners.
Chunyu Yisheng (2011, Beijing, $244M) –  App that lets users remotely consult with physicians. Backed by BlueRun Ventures, CICC, Bertelsmann Asia Investment Fund, ICH Group.
Specialists On Call (2004, Reston, $182M) – Telemedicine services for Tele-Neurology, Tele-Psychiatry and Tele-Intensivist. Backed by Warburg Pincus, CRG.
American Well (2006, Boston, $123M) – Telehealth platform that connects users with doctors. Backed by Inventure Partners, Anthem, Jefferson Healthcare.
Doctor On Demand (2012, SF, $87M) – Telemedicine services based on a pay-per-use model. Backed by Venrock, Shasta Ventures, Qualcomm Ventures and more.
MDLIVE (2009, Sunrise, $74M) – Online and on-demand telemedicine services. Backed by Heritage Group, Bedford Funding, Kayne Anderson Capital Advisors, Sutter Health.

Tele-Monitoring
iRhythm Technologies (2006, SF, IPO) Remote cardiac rhythm monitoring device. Backed by Stanford University, Norwest Venture Partners, Mohr Davidow Ventures, California HealthCare Foundation, New Leaf Ventures, Kaiser Permanente Ventures, Novo A/S, Synergy Life Science Partner, St. Jude Medical. Went public in October 2016.
Watermark Medical (2008, Boca Raton, $53M) Home sleep testing solutions to determine presence and severity of obstructive sleep apnea. Merged with SleepMed. Backed by Yet2ventures, Ballast Point Ventures.
MD Revolution (2011, San Diego, $43M) Platform for healthcare providers to predict and prevent chronic disease via behavior change. Bootstrap Incubation, Jump Capital.
Healthsense (2001, Mendota, $33M, Acq.) Remote monitoring, emergency calls and wellness management solutions. Acquired by GreatCall in December 2016.

Tele-Rehabilitation
Pursuant Health (2007, Atlanta, $53M) Interactive healthcare platforms and kiosks. Backed by National Institutes of Health, Atlanta Technology Angels, Anthem.

Tech Enablers
InTouch Health (2002, Santa Barbara, $64M) Proprietary communications and mobile robotic platform. Backed by Beringea, Acacia Venture Partners, InvestMichigan, Galen Partners, iRobot.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Telemedicine feed.

Tracxn Healthcare Newsletter # 81 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Singaporean investment company Temasek invests $800M in Alphabet’s subsidiary Verily, which looks to enter into the Asian markets. Link
  • Covidien spinout Mallinckrodt sold its nuclear imaging business, which includes 2 manufacturing facilities and over 800 employees, to IBA Molecular for $690 million. Link
  • Merit Medical picked up assets from Argon Medical Devices and Catheter Connections for $48M. Link
  • W. L. Gore & Associates received FDA approval for its Viabahn VBX stent graft for treating iliac artery lesions. Link
  • Ethicon Endo-Surgery, a division of J&J, acquired Megadyne Medical Products, a developer of electrosurgical tools used in ORs. Link
  • ICU Medical closed its $900m buyout of Pfizer’s Hospira infusion pump business. Link
  • Grifols has a 49% stake in Access Biologicals paying $51M, and the deal includes an option to acquire the rest of the business. Link
  • Mast Therapeutics and Savara sign a merger agreement, combining their operations. Link
  • Bolton Medical, a developer of thoracic and abdominal stent graft systems, was acquired by Terumo Corporation. Link
  • Teleflex, a global provider of devices used in critical care and surgery, acquired Pyng Medical, a developer of sternal intraosseous & pelvic stabilization devices. Link
  • DePuy Synthes, a division of J&J, received FDA 510(k) clearance for its Viper and Expedium fenestrated screw systems to treat advanced stage spinal tumors. Link
  • ResMed received FDA 510(k) clearance for its AirMini continuous positive airway pressure (CPAP) device. Link
  • Baebies received FDA de-novo clearance for its Seeker System, a newborn screening platform that detects four, rare metabolic disorders. Link
  • SonaCare Medical received FDA 510(k) clearance for its ultrasound prostate tissue ablation device. Link
  • Globus Medical received CE Mark for its Excelsius GPS robotic guidance device, applied in open as well as minimally invasive procedures. Link

SOME INTERESTING STARTUPS FOUND

Otricath (Unfunded, Houston, 2016) – A novel closed-loop catheter system which treats liver cancer targeting the tumor site directly.
BioMindR (Undisclosed, Montreal, 2016) – A novel RF-based and contact-free bio-sensor system, which measures body vitals with no sensitivity to  sweat, tattoos, ambient light or skin tone.

LEADER BOARD – MEDICAL DEVICES

Cardiovascular
TriVascular (1998, Santa Rosa, IPO) – Medical devices for endovascular aortic repair. Backed by NEA, Pinnacle Ventures, Greenspring Associates, Kaiser Permanente Ventures, ABS Ventures, MPM Capital, Delphi Ventures, Kearny Venture Partners, De Novo Ventures, Deerfield Capital Management, Helix Ventures, Deerfield, Permal, Pinnacle Ventures, and Rock Springs Capital. Went public in 2014.
Cardiovascular Systems (1989, Saint Paul, IPO) – Devices treating peripheral and coronary vascular disease. Backed by Silicon Valley Bank, Mitsui Global Investment, TPG, Healthcare Ventures, Lumira Capital, and Partners for Growth. Went public in 2006.

Orthopedics
ConforMIS (2004, Bedford, IPO) – Personalized, partial knee resurfacing implants to treat knee osteoarthritis. Backed by Aeris Capital, and Centurion. Went public in 2015.

Amedica (1996, Salt Lake City, IPO) – Spinal implants based on silicon nitride ceramic technology platform. Backed by Morningside Ventures, Zions Bank, Oxford Finance, venBio Partners, Hillhouse Capital, Epidarex Capital, and AJU IB Investment U.S. Went public in 2014.

Ophthalmology
Glaukos (2001, Laguna Hills, IPO) – Developed Micro-Invasive Glaucoma Surgery implant to treat glaucoma. Backed by Orbimed, Meritech Capital, InterWest Partners, Frazier Healthcare Partners, Versant Ventures, Novo A/S, Domain Associates, Fjord Ventures, and Montreux Equity Partners. Went public in 2015.

Ocular Therapeutix (2006, Bedford, IPO) – Develops Ophthalmic therapeutic products by using hydrogel technology. Backed by  Polaris Partners, Ascension Ventures, Versant Ventures, SV Life Sciences, Baxter, Pinnacle Ventures, and Ascension Ventures. Went public in 2014.

Diabetes Mellitus
Senseonics (1996, Germantown, IPO) – Implantable system for continuous glucose monitoring. Backed by NEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, and Anthem Capital. Went public in 2016.

Tandem Diabetes (2008, San Diego, IPO) – Device for continuous glucose monitoring and manual insulin delivery. Backed by TPG, HLM Venture Partners, Domain Associates, Delphi Ventures, and Kearny Venture Partners. Went public in 2013.

Oncology
ViewRay (2004, Oakwood, IPO) – MRI-guided radiation therapy technology for cancer. Backed by  Fidelity Investments, Orbimed, Siemens, ITOCHU Technology Ventures, Fidelity Growth Partners Europe, HTGC, Fidelity Biosciences, Kearny Venture Partners, Aisling Capital, Montrose Capital Partners, Xeraya Capital, CRG, and F-Prime Capital Partners. Went public in 2015.
GeneNews (1998, Markham, IPO) – Blood-based molecular diagnostics. Went public in 2001.

Neurology
Nexstim (2000, Helsinki, IPO) – Noninvasive brain stimulation for rehabilitating stroke patients. Backed by Capricorn Venture Partners, Suomen Teollisuussijoitus, Life Sciences Partners, Lundbeckfond Ventures, Healthcap, Finnish Industry Investment, Lundbeckfonden, and Healthcap. Went public in 2014.
Vycor Medical (2005, Boca Raton, IPO) – Minimally-invasive surgical devices & therapies for neurological disease. Went public in 2009.

Women’s Health
Bovie Medical (1970, Clearwater, IPO) – Manufactures electro surgical products for gynaecologic applications. Backed by Great Point Partners. Went public in 2000.
Viveve Medical (2005, Sunnyvale, IPO) – RF therapy for vaginal laxity.  Bridge Bank, 5AM Ventures, GBS Venture Partners, Wexford Capital, Square 1 Bank, RTW Investments, and Stone Pine Capital LLC. Went public in 2016.

Pulmonology
Inogen (2001, Goleta, IPO) – Portable Oxygen Concentrator for Oxygen Therapy. Backed by Western Technology Investment, Avalon Ventures, Versant Ventures, Novo A/S, Arboretum Ventures, and Accuitive Medical Ventures. Went public in 2014.
Aerogen (2000, Galway, IPO) – Develops Aerosol drug delivery devices. Backed by J.P. Morgan, US Venture Partners, InterWest Partners, Western Technology Investment, Invesco, Wheatley Partners, Viridian Investment Partners, Western Development Commission, and Healthcap. Went public in 2000.

Gastroenterology
EndoChoice (2008, Alpharetta, IPO) – Device for gastrointestinal conditions. Backed by Sequoia Capital, Silicon Valley Bank, Accelmed, Council Capital, MidCap Financial, Deerfield, River Cities Capital Funds, Agate Medical investments, Rock Springs Capital, and Envest Private Equity. Went public in 2015.
Mauna Kea Tech (2000, Paris, IPO) – Endomicroscopy devices for Gastrointestinal and Respiratory tracts. Backed by Seventure Partners, Psilos, and Finadvance. Went public in 2011.

Dental & Maxillofacial
Align Technology (1997, San Jose, IPO) – Develops Invisalign clear aligners and other dental products. Backed by  KPCB, Questmark Partners, ABS Ventures, Oak Hill Capital Partners, The Carlyle Group, and Tekla Capital Management. Went public in 2001.
Biolase (1987, Irvine, IPO) – Develops Dental lasers and scanning devices. Backed by Oracle Investment Management. Went public in 2003.

ENT
Entellus Medical (2006, Plymouth, IPO) – Suite of products for treating chronic sinusitis. Backed by Greenspring Associates, Split Rock Partners, Essex Woodlands, SV Life Sciences, Covidien and Oxford Finance. Went public in 2015.
Intersect ENT (2003, Menlo Park, IPO) – Develops drug-releasing implant for sinusitis. Backed by Norwest Venture Partners, KPCB, and US Venture Partners. Went public in 2014.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Medical Devices feed.

Tracxn – Healthcare Newsletter # 82 – Consumer HealthTech

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH

  • PatientsLikeMe, a health social network for patients, has raised $100M majorly from a new partnership with health data and genomics company iCarbonX. The round is still open and has got participation by the existing investor Invus. Link  
  • Practo, an online healthcare service discovery platform, has raised $55M in an investment from RSI Fund, Thrive Capital, Sequoia Capital, Matrix Partners, Capital G, and Tencent. Link
  • Doctolib, an online doctor’s appointment booking app, and management software company, has closed a $28M Series C funding round, led by BPI France, Accel, Pierre Kosciusko-Morizet, other Angel investors. Link
  • WelbeHealth, a doctor house call service along with a team of medical experts for intensive care management for elderly, has raised $15M in Series A round led by F-Prime Capital, .406 Ventures, and other Angel Investors. Link
  • myTomorrows, early drug access platform, has raised €10M in a round led by EQT Ventures, Octopus Ventures, Balderton Capital, and Sofinnova Partners. Link
  • GoodRx, a company that provides discount cards to consumers to access cheaper drug prices, recently merged with the digital health startup Iodine. Link
  • RxWiki, a medication encyclopedia written and edited by pharmacists and tools to help community pharmacists to communicate with consumers, has merged with TeleManager Technologies, the provider of IVR and telecommunication technologies for pharmacies. Link
  • IBM Watson Health has announced a joint initiative with the FDA to study the use of blockchain technology to share health data to ultimately improve public health. Link
  • Researchers at Stanford University have created an AI algorithm which can detect skin cancer as good as a dermatologist. Link
  • Researchers call for more evidence, regulation for wearable baby monitors. Link

SOME INTERESTING STARTUPS FOUND

DiagnosisAI  (2016, Denver) – DiagnosisAI is a chat bot that provides personalized recommendations to patients for their general health queries through Whatsapp, FB messenger, Telegram, or SMS, also with a provision of remote consultation with a real doctor if required.
Somnox (2016, Delft) – Somonox has developed a non-medical sleep solution that helps patients in sleeping using artificial intelligence.

LEADER BOARD – CONSUMER HEALTH TECH

PERSONAL HEALTH MANAGEMENT
ONLINE INFORMATION SEARCH
Medical Content Providers
WebMD (1996, NYC, IPO) – Online platform providing health-related information to consumers and healthcare professionals. Went public in 2005.
Healthline Networks (2005, SF, $154M) – Health information portal. Also started providing appointment booking service through the platform by acquiring YourDoctor. Backed by Summit Partners, Trinity Capital Investment, Investor Growth Capital, Reed Elsevier Ventures, Vintage Point Capital Partners, Kaiser Permanente Ventures and U.S. News.

Social Platforms
PatientsLikeMe (2004, Cambridge, $25M) – Online community for people with medical conditions. Backed by  Omidyar Network, CommerceNet, and Invus.

PERSONALIZED HEALTHCARE
Sharecare (2010, Atlanta, $220M) –  Online platform for personalized health recommendations including expert resources, guidance, and programs based on the proprietary RealAge test results and other personal health data shared by the user. Backed by TomorrowVentures, Heritage Group, Claritas Capital, Arsenal Venture Partners, Hearst Communications, Galen Partners, Wellington Management, Swiss Re, New Evolution Ventures.
Your.MD (2013, London, $7M) – Mobile app which uses AI and Machine Learning technology to give personalized feedback to individuals as they speak or type their query. Backed by Smedvig.

MONITORING
Meet You (2013, Xiamen, $200M) – Social network for women and a menstruation period tracking app. Backed by SIG China, The Cathay Funds and Matrix Partners China.
Dayima (2012, Beijing, $66M) – App for period tracking and women’s health. It predicts period cycles based on past patterns, offering health tips on avoiding cramps and premenstrual syndromes, and links to an online forum where users can exchange their experiences on parenting, beauty, etc. Backed by By-Health, Haitong, BAI, Ce Yun Ventures, Sequoia, and ZhenFund.
TelCare (2008, Bethesda, $65M, Acq.) – Provides a wireless blood glucose meter with two-way messaging, that transmits to a care management server, along with a suite of iPhone and Android apps.

DIY DIAGNOSTIC SOLUTIONS
ResApp Health (2014, Perth, $10M, Acq.) – Smartphone-based respiratory diseases diagnosis tools.

THERAPEUTIC SOLUTIONS
Chrono Therapeutics (2004, Waltham, $80M) – Device with programmable passive transdermal drug delivery for smoking cessation. Backed by National Cancer Institute, RockHealth, Canaan Partners, 5AM Ventures, Fountain Healthcare Partners, Mayo Clinic, and GE Ventures.

MEDICATION ADHERENCE
Mango Health (2012, SF, $8M) – Mobile app that helps consumers comply with their medication through games. Backed by KPCB, Bullpen capital, First Round Capital, Floodgate, RockHealth, and Baseline Ventures.

PERSONAL HEALTH RECORDS
CareSync (2011, Wesley Chapel, $22M) – The web and mobile application which allows patients to collect their electronic health records from different health care providers. Backed by Merck GHI, Greycroft, HMC, Tullis Health Investors, Clearwell group, and CDH Solutions.
CareZone (2010, SF, $13M) – Personal health information log book. Backed by NEA, and Catamount Ventures.

HEALTHCARE DELIVERY
DOCTORS
Telemedicine
Chunyu Yisheng (2011, Beijing, $244M) – Telemedicine platform for remote doctor consultation. Backed by  BlueRun Ventures, CICC, ICH Group.
AmericanWell (2006, Boston, $123M) – Telehealth platform that connects users with doctors over the video feed. Backed by Inventures Alliance Management Company.

Homecare
Heal (2014, LA, $52M) – Mobile app for on-demand home visits for a family doctor. Backed by Slow Ventures, Pritzker Group, March CP.
Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Summation Health Ventures, Goodwater Capital, Montage Ventures, Lux capital.

Appointment booking
We Doctor Group (formerly Guahao) (2010, Hangzhou, $520M) – Online platform for appointment booking with doctors and a healthcare information portal. Backed by Tencent, GS, HillHouse Capital, Fosun, CBD Capital, Morningside Ventures, Qiming Venture Partners, and Henderson Shandong Tiyanye Co.
ZocDoc (2007, NYC, $224M) – An online platform which helps users to find a nearby health practitioner and instantly book an appointment online. Also provides scheduling software to providers. Backed by Atomico, Founders Fund, Baillie Gifford, GS, Khosla Ventures, DST Global Solutions, SV Angel.

DIAGNOSTICS
Dx Kits
23andMe (2006, Mountain View, $232M) – A human genome research company enabling customers to study their ancestry, genealogy, and inherited traits. Backed by Google Ventures, MPM Capital, NEA, JJDC and Mohr Davidow Ventures.

Marketplace
WellnessFX (2010, SF, $6M, Acq.) – Online marketplace for preventive health diagnostic packages.

HEALTH INSURANCE
Internet-first Insurance providers
Oscar Health (2012, NYC, $727.5M) –  An internet first health insurance provider that uses digital healthcare solutions to keep its members healthy. Backed by Thrive Capital, Founders Fund, General Catalyst, Khosla Venters, Red Swan, BoxGroup, Goldman Sachs, Wellington, Google Capital, Lakestar, and Fidelity International.

Aggregator
GoHealth Insurance (2001, Chicago, $50M) – Online price comparison and shopping portal for health insurance. Backed by NEP.
Gravie (2013, Minneapolis, $27M) – Online health insurance marketplace for consumers to choose and buy insurance, pay for it and manage all healthcare expenses at one place. Backed by Aberdare ventures, Split Rock Partners, and Firstmark Capital.

PHARMACY
7LK (2011, Guangzhou, $149M) – Online retailer of non-prescription drugs and health supplements such as pharmaceuticals, medical devices, and medical products. Backed by Grandyangtze, TusPark Ventures, and Govtor.
Yiyao  (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.
PillPack (2013, Boston, $94M) – Mobile app-enabled which periodically sends the required medications to the user. Backed by Accel Partners, Sherpa Ventures, CRV, Menlo VC, Atlas Ventures, Slow ventures, Highline VP, QueensBridge VP, Founder Collective, IDEO, and Techstarts.

CAREGIVERS
Caregiver Discovery Platforms
Care.com (2006, Waltham, IPO) – Online marketplace connecting families requiring babysitters and nannies (for children, senior adults or disabled), pet care, housekeeping with caregivers.
HomeHero  (2013, Santa Monica, $23M) –  Web-based marketplace, which helps families find, hire and manage in-home care for seniors. Backed by Tencent, Social Capital, Graham Holdings, and Science.
Honor (2014, SF, $62M) – The web and mobile-based platform that allows users to find and book caregiver for elderly people. Backed by Andreessen Horowitz, RockHealth, Homebrew, True Ventures, Thrive Capital, 8VC, Syno Capital, and Kapor Capital.
HomeTeam (2013, Manhattan, $43.5M) – An online platform which allows people expert caregiver matching and a care team to promote healthy & active days. Backed by Kaiser Permanente Ventures, Oak HC/FT, Lux Capital, AI Ventures, and Recruit Strategic Partners.

MEDICAL TOURISM FACILITATOR
Medigo (2013, Berlin, $12M) – An online marketplace that facilitates searching, booking and arranging medical travel. Backed by Atlantic Labs, and Accel.

CLINICAL TRIAL ENROLLMENT
CureForward (2014, Cambridge, $23M) – Online clinical trial enrollment platform and DNA mapping from partnered labs. Backed by Apple Tree Partners.
Antidote (2008, London, $18M) – Search engine for clinical trials which helps patients to explore, understand and access clinical trials. Backed by Octopus Ventures, Amadeus Capital, and Smedvig Capital.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Consumer HealthTech feed.

Tracxn – Healthcare Newsletter # 83 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Sigtuple, a company offering a pltaform for automating disease diagnosis which uses machine learning for sample and image analysis raised $ 5.8 Million in Series A funding round led by Accel Partners and investment form IDG Ventures, Endiya Partners, Pi Ventures, VH Capital and Axilor Ventures. Amit Singhal, Neeraj Arora and S D Shibulal also invested in personal capacity.Link
  • The Right Place (TRP), a cloud-based bed board management platform raised an undisclosed amount in Series A funding from Athena health. Link
  • Advanced MR Analytics (AMRA) offers BCP (Body Composition Profile), for body composition measurement that leverages quantified MRI scans raised $9 Million Investment from Pfizer Venture Investments, Novo Seeds and Industrifonden. Link
  • KenSci which offers a platform to predict clinical risk, financial risk and operational risk, enabling health systems to transition to value-based care raised $8.5M in a Series A round from Mindset Ventures, Ignition Partners, and  Osage University Partners. Link
  • Signum Health a digital referral platform and a range of remote diagnostic services for medical professionals, healthcare providers raised a six-figure equity co-investment from Finance Wales and four angel investor. Link
  • Intensix provides predictive analytics solution for healthcare providers to improve the intensive care unit (ICU) clinical outcome raised $8.3 Million in Series A, Funding Led by Pitango Venture Capital. Link
  • HealthReveal provides a cloud-based, digital health solution that analyzes in real time, the health of at-risk patients and provides evidence-based diagnostic and treatment guidance$10.8m in Series A Funding led by GE Ventures with participation from Greycroft Partners, Flare Capital Partners, and Manatt Ventures. Link
  • Health123 is a cloud platform providing a mobile and web applications to healthcare providers to engage patients throughout their treatment was acquired by Samepage Health which sells online tools to help professionals treat patients with multiple behavior health and medical conditions. Link

SOME INTERESTING STARTUPS FOUND

MD.ai  (2016, NYC) – Uses machine learning along with human radiologists to interpret medical image.
PathAI (2016, Cambridge) – Developing AI based solutions for clinical diagnosis of cancer and other diseases.

LEADER BOARD – HEALTHCARE ANALYTICS

Suite Solutions
Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.

Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.

EHR Platforms
Flatiron Health (2010, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.

Modernizing Medicine (2010, Boca Raton, $98M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures.

Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP partners, Interwest Partners, Bessemar Venture Capital.

MedHOK (2009, Denver, $185M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired by Hearst Communications.

Clinical Analytics
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

Heart Flow (2007, Redwood City, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Butterfly Network (2011, Guilard, $100M) – Developing a device that combines deep learning and an ultrasound imaging technology. Backed by aeris Capital and Stanford University.

Financial Analytics
Remedy Partners (2011, Faifield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.

MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis and Bain Capital Ventures.
Truveris (2009, NYC, $27M) – A SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners,Tribeca Venture Partners, First Round, New Atlantic Ventures and more.

Operational Analytics
Evariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.

Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and under-staffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
Impact Rx (2000, Mount Laurel, $28M, Acq) – Platform which tracks and evaluates the impact of pharmaceutical promotions on the prescribing behavior of the physicians. Backed by Western Technology Investment, Mediphase Venture Partners, 3i Group.
PatientPop (2014, Santa Monica, $24M) – An end-to-end marketing platform that uses analytics for performance measurement. Backed by Toba Capital, Athena Health, and Silicon Valley Bank.

Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.
WellTok (2005, Baltimore, $65M) – A Mobile Prescription Therapy that enables patients to self-manage their diabetes through real-time motivational, behavioral and educational coaching. Backed by Asset Management Ventures, Windham Venture Partners, Merck, JJDC, Excel Venture Management, Adage Capital Management, Samsung Venture Investment, JNJ Innovation, TCP Venture Capital.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

 

For latest updates, visit Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 84 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE IT

  • Sense.ly, a virtual nurse platform for patient engagement and chronic disease monitoring raised $8 million in a Series B funding round led by Chengwei Capital with participation from Mayo Clinic, Bioved Ventures, Fenox Venture Capital and the Stanford StartX fund. Link
  • Sigtuple, a company offering a pltaform for automating disease diagnosis which uses machine learning for sample and image analysis raised $ 5.8 Million in Series A funding round led by Accel Partners and investment form IDG Ventures, Endiya Partners, Pi Ventures, VH Capital and Axilor Ventures. Amit Singhal, Neeraj Arora and S D Shibulal also invested in personal capacity.Link
  • THINKMd, a company offering point of care clinical assesment tools has raised an undislosed amount of seed funding from FreshTracks Capital and DAI in February. Link
  • Keriton, a company offering breast milk management system raised $1 million in Seed funding round led byed by BioAdvance with participation from Ben Franklin Technology Partners, Dreamit Ventures, Penn Medicine, Amerihealth, Wharton, Dorm Room Fund and investor Steve Barsh.Link
  • Verily Life Sciences a healthcare subsidiary of Alphabet received $800M funding from Temasek Holdings. Link
  • SilverCloud is a cloud-based platform that enables healthcare organizations to deliver a broad range of engaging therapeutic programs to their clients raised $8.1 million in Series A funding led by B Capital Group with participation from ACT Venture Capital, Investec Ventures and AIB Seed Capital Fund managed by DBIC, NDRC and Enterprise Ireland. Link
  • The Right Place (TRP) is a cloud-based bed board management platform raised an undisclosed amount in Series A funding from Athena health. Link
  • Advanced MR Analytics (AMRA) offers BCP (Body Composition Profile), for body composition measurement that leverages quantified MRI scans raised $9 Million Investment from Pfizer Venture Investments, Novo Seeds and Industrifonden. Link
  • KenSci which offers a platform to predict clinical risk, financial risk and operational risk, enabling health systems to transition to value-based care raised $8.5M in a Series A round from Mindset Ventures, Ignition Partners, and  Osage University Partners. Link
  • Signum Health a digital referral platform and a range of remote diagnostic services for medical professionals, healthcare providers raised a six-figure equity co-investment from Finance Wales and four angel investor. Link
  • Intensix provides predictive analytics solution for healthcare providers to improve the intensive care unit (ICU) clinical outcome raised $8.3 Million in Series A, Funding Led by Pitango Venture Capital. Link
  • HealthReveal provides a cloud-based, digital health solution that analyzes in real time, the health of at-risk patients and provides evidence-based diagnostic and treatment guidance$10.8m in Series A Funding led by GE Ventures with participation from Greycroft Partners, Flare Capital Partners, and Manatt Ventures. Link
  • Health123 is a cloud platform providing a mobile and web applications to healthcare providers to engage patients throughout their treatment was acquired by Samepage Health which sells online tools to help professionals treat patients with multiple behavior health and medical conditions.. Link
  • Redox,an integration platform for digital healthcare applications raised $9M in Series B from existing investors 406 Ventures, HealthX Ventures, and Flybridge Capital Partner. Link
  • Doctolib is a free online service, based out of France, that helps consumers find a nearby health practitioner and book appointment, raised $27.9M in Series C led by public investment bank BpiFrance. Link
  • Epic Health, a platform which allows members to connect directly with doctors through video voice and text communication raised a $335K in seed funding. Link
  • Geneva Healthcare which offers cardiac device data management suite that collects and organizes implantable device data from cardiac rhythm management (CRM) devices raised $1.9 million in Series A funding in a round led by Nebraska Medicine. Link
  • TAO Connect a suite of online management tools for therapists, raised $460k in funding from New World Angels. Link
  • Ortho Kinematics is a spine diagnostics company which provides spine motion analysis and diagnostic services raised $7.6M in funding. Link
  • PointClickCare Technologies Canada-based software and services provider for the long-term post-acute care and senior living markets, raised $85m in funding led by Dragoneer Investment Group with participation from JMI Equity. Link
  • Sidekick is a mobile-based, gamified social health platform raised $1.5 million from Frumtak Ventures. Link
  • Inbox Health, a startup transforming patient billing and payments, has closed a $1.5 million Seed Round of funding by Connecticut Innovations, with participation from Launch Capital, Enhanced Capital, I2BF Global Ventures. Link
  • Verato offers a cloud-based matching platform that links and matches identities across disparate databases or organizations raised $12.5M in Series A funding from Bessemer Venture Partners, Columbia Capital. Link
  • Connexions Asia (CXA) is an insurance and wellness marketplace $25 million Series B investment round, co-led by B Capital Group and Singapore-based EDBI. Link
  • Hashed Health, a startup leading its namesake healthcare blockchain consortium aiming for real-world deployment of blockchain-based applications in the U.S. healthcare sector has raised $1.85 million in an initial funding round led by prominent healthcare sector investor Martin Ventures. Link
  • Payspan is a provider of healthcare reimbursement and payment automation raised an undisclosed amount in the Series E from Primus capital. Link
  • Arcadia offers an analytics platform that integrates data from EHR platforms and uses that data to drive improvements in the patient care quality, practice efficiency, and financial performance has raised $30 million from a number of investors, including GE, Blue Cross Blue Shield of Massachusetts and Merck subsidiaries. Link
  • Avalon Health Solutions, a portfolio company of Francisco Partners offers laboratory benefits management platform for physicians, patients, and payers raised an undisclosed amount from Mosaic Health Solutions (Mosaic), BlueCross BlueShield of South Carolina, and Francisco Partners Link 
  • PeraHealth, formerly known as Rothman Healthcare provides clinical decision support solutions based on the Rothman Index (RI), an algorithm that calculates Universal Patient Score based on 50+ measures raised $14 million in funding from Mainsail Partners. Link
  • Connected health develops a product “Lifetime” which is a secure connection between doctor and patient over the phone raised $1.06M in seed funding. Link
  • FlexMinder, a SaaS company that automates healthcare reimbursement processes was acquired by acquired by Jellyvision, a Chicago company that makes employee communication software. Link
  • CoverMyMeds one of the leading electronic prior authorization solution provider is set to be acquired by Mckesson fro $1.37B. Link
  • Seamless Medical Systems provides an iPad based data capture and healthcare information platform was acquired by GetWellNetwork  Link
  • Mediware which provides a suite of clinical and performance management information software solutions to healthcare providers and payers was acquired by Thomas Bravo, a private equity investment firm. Link

SOME INTERESTING STARTUPS FOUND

Snippet (2017, Seattle) – Offers a platform designed to help primary care practitioner with designing an optimal treatment plan for their patients.
Humanoo (2016, Berlin) –  Offers app based employee motivational tools and comprehensive health reports for employees.
eMindLog (2016, Greenville) – An online ecosystem that empowers individual quantitative self-measurement of the mind.

LEADER BOARD –  HEALTHCARE IT

VALUE BASED CARE
Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.

Privia Health (2007, Virginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Lumeris (2001, Maryland Heights, $211M) – Provider of population health management solutions to health systems, payers and providers. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.

Population Health Management
MedHOK (2009, Tampa, $77M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.

Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.

Patient Engagement
Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
MindMaze (2012, Lausanne, $118.5M) – Develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.

Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Care Coordination
Remedy Partners (2006, San Franciso, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.

PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.

Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.

iRhythm Tech (2006, San Franciso, $95M) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund,and Qualcomm Ventures.

PROVIDER
Suite Solutions
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.

Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.

EHR Platform
Practice Fusion (2005, SF, $155M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB.

Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcareproviders. Backed by  Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.

Practice Management
We Doctor Group (2010, Hangzhou, $521M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.
Practo (2008, Bangalore, $125M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.

Home care Management
Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences.

Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.

Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.

Administrative Solutions
Livescribe (2007, Oakland, $156M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015.

Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.
Phreesia (2005, NYC, $76M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners. 
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.

Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.  

Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management

HORIZONTAL
McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.
Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.

EMPLOYER
Benefits Administration
Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.

Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.

Employee Fitness & Wellness
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners. 

Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.

Healthcare Delivery
Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital.

Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital

PAYER
Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.

NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006. 
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.
HealthEdge (2004, Burlington, $58M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.

PHARMACY
Express Scripts (1986,Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.

CatamaranRx (1981,Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors and caregivers with prescription data to improve health outcomes.
Talyst (2012,Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012,Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Healthcare IT feed.

Tracxn – Healthcare Newsletter # 85 – Life Sciences- Software

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – LIFE SCIENCE – SOFTWARE

  • Comprehend Systems which provides clinical data reporting and visualization tools for the pharmaceutical industry to optimize quality and speed across a portfolio of clinical trials has raised $15 million in Series C financing round led by Eminence Capital, with participation from Sequoia Capital and Lightspeed Venture Partners in February 2017. Link
  • MyTomorrows, a platform which allows patient and clinicians to get access to clinical trial and early access programs has raised $10.5 million in a funding round lead by EQT Ventures, and Octopus Ventures, with participation from existing backers Balderton Capital, and Sofinnova Partners in January 2017.Kees Koolen a booking.com former executive alod invested in personal capacity. Link
  • Karomi Technology, a provider of workflow management solutions for pharmaceutical and CPG industry has raised $494 k in a seed funding round from Ideaspring Capital in March 2017. Link
  • Monocl which offers market intelligence software and consulting services to life sciences industry has raised $560 k in January 2017. Link
  • Signal Path which provides a platform for clinical research management has raised $5 million in an equity financing round in January 2017. Link
  • Mobilemd, which offers clinical trial project management systems, pharmaco-vigilance system and clinical trial result stochastic system has $ 14 million is a Series C funding round led by Genesis Capital with participation from Matrix Partners China, Northern Light Venture Capital and Shenzhen Cowin Venture Capital Investments Ltd in January 2017. Link
  • Doctrina, an integrated platform for transfer of knowledge between pharmaceutical companies and pharmacies has raised $1.1 million in a Series A funding round in January 2017. Link
  • Spiral Genetics, a provider of software to analyse next generation sequencing data and variant analysis has been acquired by Omicia, a provider of of clinical genomic data analysis and reporting software in January 2017. Link
  • Genospace, a provider is a comprehensive platform for precision medicine to enable interpretation, analysis, reporting and collaboration on high-dimensional genomic and other biomedical data has merged with Sarah Cannon. the Cancer Institute of Hospital Corporation of America (HCA). Genospace now acts as a wholly owned subsidiary of Sarah Cannon and they will together use molecular profiling data to more effectively match cancer patients to therapies in clinical trials. Link
  • OmicSoft, a provider of bioinformatics software data management, visualization, analysis and benchmarking has been acquired by Qiagen in January 2017. Link

SOME INTERESTING STARTUPS FOUND

Phosphorus (2016, New York) – Recombine Diagnostics spinoff developing diagnostics tools for clinicians and researchers.
Sanworks (2016, New York) – Develops automated systems for neuroscience research to connect brain function with behavior.
CytoReason (2016, Haifa) – CytoReason is focussed on discovering new drugs and biomarkers using its proprietary platform of scientific and experimental data to stimulate the immune system.

LEADER BOARD – LIFE SCIENCE – SOFTWARE

Bioinformatics
Metabolon (2000, Durham, $92.42M) provides platforms and informatics systems for biomarker discoveries and diagnostic tests and also offers metabolomics research services. Backed by Aurora Funds, Sevin Rosen Funds, Camden Partners Holdings, Essex Woodlands, HHVC, Sumitomo Corp, Syngenta, Alexandria Real Estate Equities, ATEL Capital Group, Fletcher Spaght, The Trelys Funds, Fulcrum Financial Group, Crossroads Capital.

BioNano Genomics (2003, San Diego, $101.4M) has developed a platform for imaging single molecules of DNA at megabase lengths, allowing the mapping of large chunks of the genome at great resolution.Backed by   National Institutes of Health, Ben Franklin Technology Partners, Legend Capital, KT Venture, 21Ventures, Domain Associates, Innovation Valley Partners, Battelle Ventures, NCI, NHGRI, Novartis Venture Fund, and Monashee Investment.
Pacific Biosciences (2004, Menlo Park, Public) has developed a Single Molecule Real Time (SMRT) sequencing platform that utilizes the company’s two proprietary technologies – Zero-Mode Waveguides (ZMW) and phospholinked nucleotides for single molecule sequencing.Backed by Morgan Stanley, Mohr Davidow Ventures, KPCB, DAG Ventures, Maverick Capital, AllianceBernstein, Sutter Hill Ventures, Alloy Ventures, Deerfield Capital Management, Deerfield, and Gen-Probe.
Simulations Plus (1996, Lancaster, Public) develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling & simulation software for cheminformatics and drug discovery and provides consulting services.
Benevolent AI (2013, London, $87.7M) is an Artificial Intelligence company focussed on pharmaceutical R&D and drug discovery. The company has organised itself into two wholly owned, integrated and complementary subsidiaries: ‘BenevolentBio’ (formerly Stratified Medical) – will continue to focus on applying BenevolentAI’s technology in human health and the exploration of further bioscience applications such as veterinary medicine, and ‘BenevolentTech’ – will continue to refine and develop the AI engine that is driving the discoveries in bioscience and in future will look to replicate this success across wider applications and industries.
Inpharmatica (1998, Saffron Walden, $75M, Acq) offers predictive informatics solutions and services for medicinal chemistry and ADME to help improve the speed and productivity of drug discovery. It is also involved in research of drugs and biomarkers. Backed by Vertex Ventures, Advent Venture Partners, Gimv, Gilde, 3i Group, Abingworth, Unibio, and REV. Acquired by Galapagos in Dec 2006.
Schrodinger (1990, New York, $52M) develops software solutions for computational chemistry, research and drug discovery. Backed by Cascade Investment.

Imaging Solutions
Aperio Technologies (1999, California, $47.6M, Acq) offers digital pathology solutions including image management, sharing and analysis solutions. Backed by BlackRock, Advanced Technology Ventures, HLM Venture Partners, and Galen Partners. Acquired by Leica Microsystems in Aug 2012.
inviCRO (2008, Boston, $45.8M) provides advanced data analysis services and software in the field of preclinical imaging research.
Median Technologies (2002, Valbonne, $53.66M, Public) offers medical imaging software and services for oncology clinical trials, cancer screening, and clinical practice. Backed by NEA, Draper Fisher Jurvetson, Auriga Partners, Abingworth, Omega Funds, Idinvest Partners, National Technology Enterprises Company, Kuwait Life Sciences Company (KLSC), and AGF Private Equity.

Clinical Trial Solutions
Medidata (1999, New York, $66.18 M, Public) provides cloud based solutions for clinical trial management and analytics. Backed by Insight Venture Partners, Milestone Venture Partners, Stonehenge Growth Equity, Silicon Alley Venture Partners, The Lambda Funds, State Street, and Alpha Venture Partners and went public in June, 2009.
Parexel (1983, Massachusetts, Public) is a clinical research organization which offers clinical trial management solutions and services. Backed by Capvis.
Datatrak International (1991, Cleveland, Public) offers clinical enterprise solutions which include tools for electronic data capture, trial design, trial supply management and project management.
Comprehend (2010, Palo Alto, $30.8M) provides clinical data reporting and  visualization tools for clinical trials. Backed by Y Combinator, Lightspeed Venture Partners, Sequoia Capital, SV Angel, Menlo Ventures, Crosslink Capital, Quotidian Ventures, Ulu Ventures, Life Sciences Angel Network, and Easton Capital.
Go Balto (2008, San Fransisco, $38.1M) provides cloud-based electronic solutions for clinical trial design, data capture analysis. Backed by Qualcomm, Aberdare Ventures, Mitsui Global Investment, EDBI, West Health, and Dolby Family Ventures.

GRC Solutions
Metric Stream (1999, Palo Alto, $150M) provides solutions for quality management, regulatory compliance, risk management, and corporate governance. Backed by Goldman Sachs, KPCB, Integral Capital Partners, Gold Hill Capital, Sageview Capital, Saints Capital, Kaiser Permanente Ventures, Blade Ventures, Montage Capital, and The Camelot Group.
Virtify (2004, Lexington, $23.5M) provides enterprise content and compliance management solutions for the life sciences industry. Backed by Tudor Growth Equity, Blue Cloud Ventures, and Spring Lake Equity Partners.
Qumas (1994, Cork, $10M, Acq) provides Compliance and Quality Management Software for Life Sciences including solutions for document management, process management and submission management. Backed by  General Catalyst Partners, Fidelity Ventures, Delta Partners, ACT Venture Capital, Fidelity Growth Partners Europe, Kernel Capital, and Eight Roads Ventures. Acquired by Accelrys in Dec, 2013.

Automation Solutions
Emerald Therapeutics (2010, San Francisco, $34M) has developed Emerald Cloud Laboratory that scientists can remotely access via the internet and can perform experiments using automated robotics. Backed by Founders Fund, Western Technology Investment, and Schooner Capital.
Quartzy (2009, Palo Alto, $28.8M) offers web-based platform for lab management and supports collaboration, inventory and order management. It also hosts catalogs from vendors for lab consumables. Backed by  Y Combinator, Lerer Hippeau Ventures, SV Angel, Khosla Ventures, Washington U., Silicon Badia, Reinmkr Satsang, A Capital, Life Science Angels, Science House, Accelerator Tech, Lerer Hippeau Ventures, and Eminence Capital.

Market Intelligence
IMS Health (1954, Danbury, Merged) offers a suite of market intelligence products and services which are aimed at improving productivity and healthcare delivery of healthcare organizations.
CitiusTech (2005, Princeton, $112 M) offers Business Intelligence and healthcare analytics platform. Backed by General Atlantic.
SHYFT Analytics (2005, Waltham, $39M), formerly Trinity Pharma Solutions, provides cloud-based analytics and data management platform for customer engagement and revenue analytics. Backed by Milestone Venture Partners, Health Enterprise Partners, Medidata, and McKesson Ventures.
Zephyr Health (2011, San Francisco, $33.5 M) offers Zephyr Illuminate, an Insights-as-a-Service platform designed to help companies improve product life cycle performance with customer and market insights and can be used for collaboration, targeting and segmentation, and planning. Backed by KPCB, Jafco Ventures, and Icon Ventures.

Sales and Marketing
Veeva Systems (2007, San Francisco, $ 4 M, Public) offers Content Management, Customer Relationship Management, Customer Master data management and related software and services to the life sciences industry. Backed by  Lead Edge Capital, and Emergence Capital. Went public in October 2013.
Aktana (2008, San Francisco, $25 M) offers sales force solutions and customer relationship management solutions for life sciences industry. Backed by Safeguard Scientifics, and Starfish Ventures.

Operations Management and Supply Chain
Tracelink (2009, Woburn, $77 M) offers an online platform for global distribution, visibility and traceability of pharmaceuticals to limit the sale of counterfeit drugs. Backed by FirstMark Capital, Goldman Sachs, Volition Capital, and F-Prime Capital Partners.
Bluechiip (2003, Scoresby, Public) provides wireless tracking solutions for bio samples and other products. Went public in Oct, 2010 via a reverse takeover by Sofcom Limited.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Life Sciences – Software feed.


Tracxn Healthcare Newsletter # 86 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Zeltiq Aesthetics, a developer of body-contouring products, was acquired by Allergan for $2.48B. Link
  • Hologic acquired Cynosure, a developer of non-invasive body contouring, hair removal, and skin revitalization devices, for $1.65B. Link
  • Medacta International, a developer of orthopedic implants and neurosurgical systems, acquired Vivamed to Strengthen Presence in Austria. Link
  • Wenzel Spine, a developer of Spinal disorder device, completed its acquisition of OsteoMed’s PrimaLok SP interspinous fusion system and FF facet fixation system. Link
  • Symetis acquired Middle Peak Medical, a developer of transcatheter mitral valve replacement device, for an undisclosed amount. Link
  • Hill-Rom announced a $300 million private placement to fund its acquisition of Mortara Instrument. Link
  • Nordson and MedPlast acquired parts of Vention Medical, where Nordson took the advanced technologies division of Vention for $705M and MedPlast bought the manufacturing services division for an undisclosed amount. Link
  • Cnoga Medical, a developer of non-invasive point of care monitoring devices, raises $50M in a series C round led by a Chinese company BOE. Link
  • Medrobotics raised $20M to develop a next-generation robotic surgery system and expand the use of its existing platform into new indications. Link
  • Tryton Medical received FDA approval for its Tryton Side Branch Stent for the treatment of coronary bifurcation lesions involving large side branches. Link
  • Abbott received FDA approval for its Sensor Enabled Ablation Catheter (FlexAbility), for use during cardiac ablation procedures to treat atrial flutter, a type of irregular heartbeat. Link
  • Biotronik received FDA approval for its first coronary bare-metal stent system, which is indicated to treat patients with new and recurring blockages in the coronary arteries. Link
  • 7D Surgical, a developer of surgical navigation devices, received FDA approval for its ReMAP’s image guidance system for spine surgeries. Link
  • Neocis received FDA 510(k) clearance to market Yomi, a robotic guidance system for dental implant procedures. Link
  • Velano Vascular received FDA 510(k) clearance for its Pivo needle-free vascular access device, intended for drawing blood which attaches to the peripheral IV line. Link

SOME INTERESTING STARTUPS FOUND

ElastiMed ($1M, Misgav, 2015) – Wearable compression stocking to prevent Deep vein thrombosis.
Ai Robotics ($1.7M, Beijing, 2016) – A developer of exoskeletons and mobility assist devices, providing multiple rehabilitation solutions such as Gait detection analysis system, Dynamic Foot Pressure Detection & Analysis System etc.

LEADER BOARD – MEDICAL DEVICES

Cardiovascular
TriVascular (1998, Santa Rosa, IPO) – Medical devices for endovascular aortic repair. Backed by NEA, Pinnacle Ventures, Greenspring Associates, Kaiser Permanente Ventures, ABS Ventures, MPM Capital, Delphi Ventures, Kearny Venture Partners, De Novo Ventures, Deerfield Capital Management, Helix Ventures, Deerfield, Permal, Pinnacle Ventures, and Rock Springs Capital. Went public in 2014.

Cardiovascular Systems (1989, Saint Paul, IPO) – Devices treating peripheral and coronary vascular disease. Backed by Silicon Valley Bank, Mitsui Global Investment, TPG, Healthcare Ventures, Lumira Capital, and Partners for Growth. Went public in 2006.

Orthopedics
ConforMIS (2004, Bedford, IPO) – Personalized, partial knee resurfacing implants to treat knee osteoarthritis. Backed by Aeris Capital, and Centurion. Went public in 2015.

Amedica (1996, Salt Lake City, IPO) – Spinal implants based on silicon nitride ceramic technology platform. Backed by Morningside Ventures, Zions Bank, Oxford Finance, venBio Partners, Hillhouse Capital, Epidarex Capital, and AJU IB Investment U.S. Went public in 2014.

Ophthalmology
Glaukos (2001, Laguna Hills, IPO) – Developed Micro-Invasive Glaucoma Surgery implant to treat glaucoma. Backed by Orbimed, Meritech Capital, InterWest Partners, Frazier Healthcare Partners, Versant Ventures, Novo A/S, Domain Associates, Fjord Ventures, and Montreux Equity Partners. Went public in 2015.

Ocular Therapeutix (2006, Bedford, IPO) – Develops Ophthalmic therapeutic products by using hydrogel technology. Backed by  Polaris Partners, Ascension Ventures, Versant Ventures, SV Life Sciences, Baxter, Pinnacle Ventures, and Ascension Ventures. Went public in 2014.

Diabetes Mellitus
Senseonics (1996, Germantown, IPO) – Implantable system for continuous glucose monitoring. Backed by NEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, and Anthem Capital. Went public in 2016.

Tandem Diabetes (2008, San Diego, IPO) – Device for continuous glucose monitoring and manual insulin delivery. Backed by TPG, HLM Venture Partners, Domain Associates, Delphi Ventures, and Kearny Venture Partners. Went public in 2013.

Oncology
ViewRay (2004, Oakwood, IPO) – MRI-guided radiation therapy technology for cancer. Backed by  Fidelity Investments, Orbimed, Siemens, ITOCHU Technology Ventures, Fidelity Growth Partners Europe, HTGC, Fidelity Biosciences, Kearny Venture Partners, Aisling Capital, Montrose Capital Partners, Xeraya Capital, CRG, and F-Prime Capital Partners. Went public in 2015.

GeneNews (1998, Markham, IPO) – Blood-based molecular diagnostics. Went public in 2001.

Neurology
Nexstim (2000, Helsinki, IPO) – Noninvasive brain stimulation for rehabilitating stroke patients. Backed by Capricorn Venture Partners, Suomen Teollisuussijoitus, Life Sciences Partners, Lundbeckfond Ventures, Healthcap, Finnish Industry Investment, Lundbeckfonden, and Healthcap. Went public in 2014.

Vycor Medical (2005, Boca Raton, IPO) – Minimally-invasive surgical devices & therapies for neurological disease. Went public in 2009.

Women’s Health
Bovie Medical (1970, Clearwater, IPO) – Manufactures electrosurgical products for gynecologic applications. Backed by Great Point Partners. Went public in 2000.

Viveve Medical (2005, Sunnyvale, IPO) – RF therapy for vaginal laxity.  Bridge Bank, 5AM Ventures, GBS Venture Partners, Wexford Capital, Square 1 Bank, RTW Investments, and Stone Pine Capital LLC. Went public in 2016.

Pulmonology
Inogen (2001, Goleta, IPO) – Portable Oxygen Concentrator for Oxygen Therapy. Backed by Western Technology Investment, Avalon Ventures, Versant Ventures, Novo A/S, Arboretum Ventures, and Accuitive Medical Ventures. Went public in 2014.

Aerogen (2000, Galway, IPO) – Develops Aerosol drug delivery devices. Backed by J.P. Morgan, US Venture Partners, InterWest Partners, Western Technology Investment, Invesco, Wheatley Partners, Viridian Investment Partners, Western Development Commission, and Healthcap. Went public in 2000.

Gastroenterology
EndoChoice (2008, Alpharetta, IPO) – Device for gastrointestinal conditions. Backed by Sequoia Capital, Silicon Valley Bank, Accelmed, Council Capital, MidCap Financial, Deerfield, River Cities Capital Funds, Agate Medical investments, Rock Springs Capital, and Envest Private Equity. Went public in 2015.

Mauna Kea Tech (2000, Paris, IPO) – Endomicroscopy devices for Gastrointestinal and Respiratory tracts. Backed by Seventure Partners, Psilos, and Finadvance. Went public in 2011.

Dental & Maxillofacial
Align Technology (1997, San Jose, IPO) – Develops Invisalign clear aligners and other dental products. Backed by  KPCB, Questmark Partners, ABS Ventures, Oak Hill Capital Partners, The Carlyle Group, and Tekla Capital Management. Went public in 2001.

Biolase (1987, Irvine, IPO) – Develops Dental lasers and scanning devices. Backed by Oracle Investment Management. Went public in 2003.

ENT
Entellus Medical (2006, Plymouth, IPO) – Suite of products for treating chronic sinusitis. Backed by Greenspring Associates, Split Rock Partners, Essex Woodlands, SV Life Sciences, Covidien and Oxford Finance. Went public in 2015.

Intersect ENT (2003, Menlo Park, IPO) – Develops drug-releasing implant for sinusitis. Backed by Norwest Venture Partners, KPCB, and US Venture Partners. Went public in 2014.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Medical Devices feed.

Tracxn – Healthcare Newsletter # 87 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Sense.ly, a clinical platform which uses natural user interfaces to facilitate the assessment of a patient’s condition and provide insights raised $8M in Series B funding from StanfordStartX Fund, BioMed Ventures, Chengwei Capital, Mayo Clinic and Fenox Venture Capital. Link
  • THINKmd offers MEDSINC, an integrated point-of-care clinical assessment tool that enables a minimally skilled user to gather patient information, assess the severity of illness and provide treatment recommendations raised an undisclosed seed amount from Freshtracks Capital, Dai. Link
  • Matrix Analytics which is developing tools and algorithms to aid in disease diagnosis and treatment raised seed round with an investment from billionaire investor Mark Cuban. Link
  • Moving Analytics which develops smartphone-based digital therapies for chronic disease management to help cardiac patients complete their rehab at home has raised a funding round from OCA Ventures.Link
  • Imaging Advantage which provides RadAdvisor, a cloud-based decision support platform for radiologists has signed a definitive agreement to be purchased by physician services firm Envision Healthcare. Link
  • WhiteSpace Health, a provider of data analytics and cloud-based healthcare intelligence was acquired by Omega Healthcare Management Services. Link

SOME INTERESTING STARTUPS FOUND

QClinics  (2016, Montreal) – A SaaS company that offers smart online queuing for walk-in clinics, powered by real-time AI.
IIerasoft (2016, Houston) – Sharing economy platform for medical devices.

LEADER BOARD – HEALTHCARE ANALYTICS

Suite Solutions
NantHealth (2007, Culver City, IPO) – Building an integrated, evidence-based, omically-informed, personalized approach to the delivery of care and the development of next generation healthcare solutions.Went public in 2016.
Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.

EHR Platforms
Flatiron Health (2010, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.
Modernizing Medicine (2010, Boca Raton, $98M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures.

Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP partners, Interwest Partners, Bessemar Venture Capital.
MedHOK (2009, Denver, $185M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired by Hearst Communications.

Clinical Analytics
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

Heart Flow (2007, Redwood City, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Butterfly Network (2011, Guilard, $100M) – Developing a device that combines deep learning and an ultrasound imaging technology. Backed by aeris Capital and Stanford University.

Financial Analytics
Remedy Partners (2011, Faifield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.

MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis and Bain Capital Ventures.
Truveris (2009, NYC, $27M) – A SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners,Tribeca Venture Partners, First Round, New Atlantic Ventures and more.

Operational Analytics
Evariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.

Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and under-staffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
Impact Rx (2000, Mount Laurel, $28M, Acq) – Platform which tracks and evaluates the impact of pharmaceutical promotions on the prescribing behavior of the physicians. Backed by Western Technology Investment, Mediphase Venture Partners, 3i Group.
PatientPop (2014, Santa Monica, $24M) – An end-to-end marketing platform that uses analytics for performance measurement. Backed by Toba Capital, Athena Health, and Silicon Valley Bank.

Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 88 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE IT

  • Intelligent Medical Objects (IMO) delivers a comprehensive suite of integrated, clinician-friendly medical vocabulary solutions received a strategic investment from Ascension Ventures. Link
  • CrossTx offers cloud-based care coordination and referral management software for healthcare professionals $735k raised Angel Round led by the Frontier Angel Fund 2, a Pacific Northwest-based group of accredited angel investors. Link
  • Voxello provides solutions for impaired hospitalized patients who cannot communicate by traditional means, raised $287k from Mid-America Angels investment group. Link
  • Susmed, short for “Sustainable Medicine” takes user data, puts it through an algorithm, and then provides advice for fixing patients insomnia raised a seed round of $880K. Link
  • STI Technologies, a company that offers a card-based program allowing drug companies to distribute product samples to physicians and patients has reached a deal with an unnamed purchaser to sell for about $200 million. Link
  • Doctor.com which works with healthcare organizations of all sizes to optimize their online visibility received $5 million in Series A funding from Spring Mountain Capital. Link
  • Overl.ai, a New York-based healthcare automation intelligence startup was acquired by TruClinic, a provider of web-based telemedicine solutions for providers and organizations. Link
  • Moving Analytics which develops smartphone-based digital therapies for chronic disease management to help cardiac patients complete their rehab at home has raised a funding round from OCA Ventures.Link
  • Imaging Advantage which provides RadAdvisor, a cloud-based decision support platform for radiologists has signed a definitive agreement to be purchased by physician services firm Envision Healthcare. Link
  • WhiteSpace Health, a provider of data analytics and cloud-based healthcare intelligence was acquired by Omega Healthcare Management Services. Link
  • MediSafe a medication management platform, connecting patients and health providers  $14.5 million in Series B funding from  Qualcomm Ventures, Octopus Ventures, Pitango Venture Capital, 7wire Ventures, TriVentures and Merck Venture. Link
  • OhMD, a mobile app that facilitates communication between healthcare providers and patients $1.2M seed round led by Eideard Venture Capital. Link
  • Matrix Analytics which is developing tools and algorithms to aid in disease diagnosis and treatment raised seed round with an investment from billionaire investor Mark Cuban. Link
  • Curvo Labs which provides data platform for hospitals, surgery centers, and medical device companies to connect and share information raised $900k in seed funding led by Indiana-native Kent Parker, founder and President of Florida-based Snake Run Capital, with participation from Indianapolis-based Elevate Ventures. Link
  • Aledade which partners with independent, primary-care physicians to form and manage ACOs and creates software, platforms, and applications to assist with patient outreach, engagement and treatment raised $20M in funding led by Biomatics Capital, with participation from new investors including GV (formerly Google Ventures) and the Maryland Venture Fund, and existing investors Venrock and ARCH Venture Partners. Link
  • PokitDok an API platform that streamlines transactions for healthcare organizations received a strategic investment from GIS Strategic Ventures. Link
  • Simplifeye a SaaS product that helps doctors to be more efficient using wearables like the Apple Watch and providing the right information at the right time has raised $3M. Link
  • Eliza Corporation which provides integrated healthcare communication services for health plans, pharmacy benefit managers, and pharmaceutical companies was acquired by HMS Holdings Corp a leading provider of coordination of benefits, payment integrity, and care management solutions for payers for $170M. Link
  • Babel Health, a health data management company building SaaS applications for payers raised $1.5M in Bridge Fundings. Link
  • Carepredict, an intelligent monitoring solution for senior citizens raised an undisclosed funding round led by Las Olas Venture Capital. Link
  • Connecture which delivers solutions to integrate web-based sales, service and process automation to the health insurance industry raised $17.5M led by Francisco Partners. Link
  • EvidenceCare which provides a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside closed $2M convertible Note B funding from NueCura Partners. Link
  • CareDox which is digitizing health and immunization records for schools, daycares, and camps raised $6.4m Series A funding round led by Digitalis Ventures with participation from First Round Capital, Giza Venture Capital, TEXO Ventures, and Prolog Ventures. Link
  • CoheroHealth, a respiratory care platform that enables adults and kids with respiratory illness to actively engage in their own care announced the addition of strategic investors Samsung NEXT and Omron Healthcare to oversubscribe their Series A round. Link
  • AliveCor has a device and application that will turn any smartphone into a clinical-quality electrocardiogram (ECG) recorder raised $30 million late-stage funding round led by medical device maker Omron Healthcare and the Mayo Clinic. Link
  • Sense.ly, a clinical platform which uses natural user interfaces to facilitate the assessment of a patient’s condition and provide insights raised $8M in Series B funding from StanfordStartX Fund, BioMed Ventures, Chengwei Capital, Mayo Clinic and Fenox Venture Capital. Link
  • THINKmd offers MEDSINC, an integrated point-of-care clinical assessment tool that enables a minimally skilled user to gather patient information, assess the severity of illness and provide treatment recommendations raised an undisclosed seed amount from Freshtracks Capital, Dai. Link
  • Polyglot Systems which provides software-based communication solutions designed to health care organizations. patient-provider communications was acquired by FDB the which is a leading provider of drug and medical device knowledge that helps healthcare professionals make precise decisions. Link
  • Livongo provides a system for diabetes management includes a glucose meter that transmits data to the cloud where they can be analyzed and monitored by the company’s diabetes educators raised an additional $52.5 million in a round led by General Catalyst and Kinnevik. Link

SOME INTERESTING STARTUPS FOUND

Qure.ai (2016, Mumbai) – An AI-based clinical decision support tool for analyzing diagnostic images and giving insight to the doctor.
Healthcode.io (2016, Singapore) –  A collaborative platform healthcare stakeholders including innovators, clinicians, researchers, and investors.
Vitalyze (2016, Phoenix) – Next generation predictive analytics engine helping healthcare professionals with quick and easy to understand information to provide personalized health and wellness care.

LEADER BOARD –  HEALTHCARE IT

VALUE BASED CARE
Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.
Privia Health (2007, Virginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Lumeris (2001, Maryland Heights, $211M) – Provider of population health management solutions to health systems, payers and providers. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.

Population Health Management
MedHOK (2009, Tampa, $77M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.
Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.

Patient Engagement
Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
MindMaze (2012, Lausanne, $118.5M) – Develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.

Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Care Coordination
Remedy Partners (2006, San Franciso, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.
PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.

Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.
iRhythm Tech (2006, San Franciso, $95M) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund,and Qualcomm Ventures.

PROVIDER
Hospital Information Management Systems
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.
Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.

EHR Platform
Practice Fusion (2005, SF, $155M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB.

Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcareproviders. Backed by  Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.

Practice Management
We Doctor Group (2010, Hangzhou, $521M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.

Practo (2008, Bangalore, $125M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.

Home care Management
Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences.

Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.

Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.

Administrative Solutions
Livescribe (2007, Oakland, $156M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015.

Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.
Phreesia (2005, NYC, $76M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners.
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.

Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.

Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management.

HORIZONTAL
McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.
Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.

EMPLOYER
Benefits Administration
Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.

Employee Fitness & Wellness
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners.
Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.

Healthcare Delivery
Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital.
Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital.

PAYER
Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.

NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006.
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.
HealthEdge (2004, Burlington, $58M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.

PHARMACY
Express Scripts (1986,Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.

CatamaranRx (1981,Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors and caregivers with prescription data to improve health outcomes.
Talyst (2012,Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012,Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Healthcare IT feed.

Tracxn – Healthcare Newsletter # 89 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • SuperMonkey, an app-based platform providing video tutorials and remote fitness consultation, received $7M in a Series B funding round led by Ventech and The Arena Capital. Link
  • ZenRez, an online platform to book fitness studios at last minute, has raised $6M in Series A funding round led by ARTIS Ventures, Summit Action, Transmedia Capital, Nucleus Adventure Capital, Precursor Ventures, and C2 Ventures. Link
  • Mission 360, an online platform providing remote physical and mental training via video, has raised $250K in an Angel funding round from undisclosed investors. Link
  • Fitso, a mobile app to track fitness activities and to connect with coaches, has raised $200K in angel funding from a group of individual investors. Link
  • Strava, an online social network for athletes, closed an undisclosed Series D financing round led by Go4it, Sequoia Capital, Madrone Capital and Jackson Square Ventures. Link
  • Urban Sports Club, an online marketplace for sports and fitness activities, received an undisclosed amount of funding from  Holtzbrinck Ventures and Rocket Internet Link
  • Fitraq, a web platform to discover gyms and health centers, secured an undisclosed amount of funding from individual investors Aparup Sengupta and Devendra Reddy.  Link
  • FastTrack enters smart wearable segment with the launch of Reflex fitness band. Link
  • Nokia plans to rebrand Withings’ product line as Nokia. Link
  • Adidas to allow third-party hardware manufacturers to use the Runtastic platform. Link

SOME INTERESTING STARTUPS FOUND

Aaptiv (2016, NYC) – An app-based platform providing audio fitness content by professional trainers for workout guidance.
Bitome (2016, Boston) –  Bitome developed a wearable device that can track hydration levels using magnetic resonance.

LEADER BOARD – FITNESS AND WELLNESS

Physical Health – Monitoring
Jawbone (SF,1999, $1B) – Fitness wrist-band with algorithm for activity and sleep tracking. Backed by KPCB, Andreessen Horowitz, Khosla Ventures, Sequoia Capital and 21 other investors.

Codoon (Chengdu, 2011, $90M) – Smart Wearables and fitness social network for users. Backed by Shenzhen Capital Group, SIG China, SBCVC, CITIC Capital, Focus Media, FountainVest Partners and Shanda Group.
Fitbit (SF, 2007, IPO) – Wireless wearable sensors to track person’s activities. Went public in 2015.

Physical Health – Aggregators
ClassPass  (NYC, 2011, $84M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 15 other investors.

Quancheng Relian (Beijing, 2014, $17M) – O2O mobile app for booking of gyms and fitness centers with subscription passes. Backed by Legend Capital and Matrix Partners China.

Physical Health – Remote Coaching Solutions
Hotbody (Beijing, 2014, $27M) – Fitness community and an app to remotely consult professional coaches. Backed byHupu, Meridian Capital China, Greenwoods Investments and The Arena Capital.

Grokker (San Jose, 2012, $22.5M) – On-demand Videos for Cooking and Fitness Classes. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.
Sportq (Shanghai, 2012, $10M) – Mobile app based platform for fitness enthusiasts to consult professional coaches. Backed by SIG China and Small Ville Financial Advisor.

Physical Health – Exercise Devices
Peloton cycle (NYC, 2012, $119M) – Fitness bike with access to live and on-demand classes. Backed by Tugboat Ventures, Tiger Global Management, True Ventures, Grace Beauty, Brand Foundry Ventures and Catterton.

Interactive Fitness (Sunnyvale, 2009, $41M) – Bikes for indoor cycling with gamification. Backed by Silicon Valley Bank, Sierra Ventures, Physic Ventures and Enterprise Partners Venture Capital

Physical Health – Social Platform
Strava (SF, 2009, $35M) – Strava is the social network for athletes. Backed by Sequoia Capital, Sigma Partners, Jackson Square Ventures and Go4It.

Joyrun (Guangzhou, 2014, $18M) – Social networking application for jogging. Backed by Innovation Works, Qihoo 360 and The Arena Capital.

Physical Health – Information Portal
Keep (Beijing, 2014, $37M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, Bertelsmann Asia Investment Fund.

Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital.
Health Guru  (NYC, 2007, $9M, Acq.) – Health education portal with online health video content. Acquired by Kitara Media in 2013.

Physical Health – Tools for Fitness Centers
Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centres. Went public in 2015.

Netpulse (SF, 2009, $52M) – Member engagement SaaS platform for fitness clubs. Backed by  Javelin Venture Partners, Nokia Growth Partners, August Capital, Frontier Venture Capital, Bally Fitness, DOCOMO Innovations and DFJ Frontier.

Physical Health – Commerce
Nu3  (Berlin, 2011, $7M) – Online retail platform for health & fitness related products. Backed by Lakestar, Project A Ventures, Alternative Strategic Investments and Black River Ventures.

Lighterliving (Cambridge, 2004, $3M) – Products & Information to manage body changes. Backed by Flybridge Capital Partners.
Hyperwear (Austin, 2007, $2.5M) – Consumer products in fitness and wellness market. Backed by Baylor, CTAN and Concho Valley Angel Network.

Physical Health – App Studio
Azumio (2011, Palo Alto, $3M) – Developer of mobile applications for healthcare. Backed by Accel Partners, Founders Fund, Felicis Ventures and Western Technology Investment.

Mental Health- Sleep Management
Hello (SF, 2012, $32M) – Sleep behaviour tracking. Backed by Temasek and Forward Partners.

Mental Health- Stress Management
Headspace ( LA, 2010, $39M) – Guided meditation sessions and mindfulness training. Backed by Allen & Company, WME Entertainment, Advancit Capital, Broadway Video, Deerfield, Breyer Capital.

Interaxon (Toronto, 2009, $18M) – Brain Sensing headband ‘Muse’ to help in meditation. Backed by  Felicis Ventures, ff Venture Capital, Horizons Ventures, A-Grade Investments, OMERS Ventures, Build Ventures, Mindfull Investors, TownsgateMedia, and Flextronics Lab IX.
Happify ( NYC, 2011, $14M) – Platform for improved mental & emotional health through gamification. Backed by Founder Collective, b-to-v Partners, Mangrove Capital Partners and Bridge Builders Collaborative.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Fitness and Wellness feed.

 

Tracxn Healthcare Newsletter # 90 – Telemedicine

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – TELEMEDICINE

  • Dialogue, a mobile-first telemedicine service, has raised $4M in a seed-stage financing round led by Diagram, BDC Capital and Hacking Health Accelerator. Link
  • iExhale, an online therapists consultation platform, received $1.9M in a seed funding round led by Dorilton Capital. Link
  • First Stop Health, a telemedicine company offering services through employers, received $1.6M in angel funding. Link
  • Celes Care, an online telemedicine platform for women health, raised $1.5M in a seed funding round led by Ventureast, Endiya Partners, Eight Roads Ventures and F-Prime Capital Partners. Link
  • JunoClinic, an online platform to consult with psychologist and psychiatrist, raised  $1.2M in an angel funding round led by a group of individual investors. Link
  • Akos, a telemedicine platform to connect patients with local GPs, has raised $1M in seed funding from a group of physicians. Link
  • Xiaolu Yiguan, an online telemedicine platform for traditional Chinese medicine, closed an undisclosed Series B funding round led by Redpoint Ventures and Sinovation Ventures. Link
  • GlobalMed acquires Miami-based telemedicine startup TreatMD. Link
  • A new study published in the journal Health Affairs suggests telehealth may increase overall healthcare spending. Link
  • Teladoc partners with Kinsa to add digital thermometer to telemedicine offering. Link

SOME INTERESTING STARTUPS FOUND

Amigo (2016, Chennai) – Amigo is a mobile-based anonymous counseling application. It offers mental health related counseling by qualified experts anonymously.

LEADER BOARD – TELEMEDICINE

Tele-Consultation
Teladoc (2002, Dallas, IPO) – Telemedicine provider offering web and mobile based video consultation. Backed by Cardinal Partners, HLM Venture Partners, Trident Capital, New Capital Partners, Jafco Ventures, Kleiner Perkins Caufield & Byers, Greenspring Associates, BNY Mellon, Questmark Partners and FLAG Capital Management. Went public in July 2015.
Ping An Good Doctor (2014, Shenzhen, $500M) – Online platform to consult doctors remotely. Backed by ClearVue Partners.
Chunyu Yisheng (2011, Beijing, $244M) –  App that lets users remotely consult with physicians. Backed by BlueRun Ventures, CICC, Bertelsmann Asia Investment Fund and ICH Group.
Specialists On Call (2004, Reston, $182M) – Telemedicine services for Tele-Neurology, Tele-Psychiatry and Tele-Intensivist. Backed by Warburg Pincus and CRG.
American Well (2006, Boston, $123M) – Telehealth platform that connects users with doctors. Backed by Inventure Partners, Anthem and Jefferson Healthcare.
Doctor On Demand (2012, SF, $87M) – Telemedicine services based on a pay-per-use model. Backed by Venrock, Shasta Ventures, Qualcomm Ventures and 14 other investors.
MDLIVE (2009, Sunrise, $74M) – Online and on-demand telemedicine services. Backed by Heritage Group, Bedford Funding, Kayne Anderson Capital Advisors and Sutter Health.

Tele-Monitoring
iRhythm Technologies (2006, SF, IPO) Remote cardiac rhythm monitoring device. Backed by Stanford University, Norwest Venture Partners, Mohr Davidow Ventures, California HealthCare Foundation, New Leaf Ventures, Kaiser Permanente Ventures, Novo A/S, Synergy Life Science Partner and St. Jude Medical. Went public in October 2016.
Watermark Medical (2008, Boca Raton, $53M) Home sleep testing solutions to determine presence and severity of obstructive sleep apnea. Merged with SleepMed. Backed by Yet2ventures and Ballast Point Ventures.
MD Revolution (2011, San Diego, $43M) Platform for healthcare providers to predict and prevent chronic disease via behavior change. Backed by Bootstrap Incubation and Jump Capital.
Healthsense (2001, Mendota, $33M, Acq.) Remote monitoring, emergency calls and wellness management solutions. Acquired by GreatCall in December 2016.

Tele-Rehabilitation
Satchel Health (2014, Nashville, $1M) Telehealth and remote monitoring solutions for post-acute care providers. Backed by TriStar Technology Ventures, NueCura Partners and Jumpstart Foundry.

Tech Enablers
InTouch Health (2002, Santa Barbara, $64M) Proprietary communications and mobile robotic platform. Backed by Beringea, Acacia Venture Partners, InvestMichigan, Galen Partners and iRobot.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Telemedicine feed.

Tracxn – Healthcare Newsletter # 91 – Diagnostics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – DIAGNOSTICS

  • Grail Bio closes $900M Series B to validate its non-invasive test to detect circulating tumor DNA for cancer diagnosis. Link
  • Liquid biopsy startup Freenome raises $65M in Series A funding, led by Andressen Horowitz and with participation by GV, Polaris Partners, Spectrum 28, Data Collective and others. Link
  • Digital health startup AliveCor, which uses AI to detect arrhythmias and the risk for stroke, raises $30M Series D round. Link
  • Chinese liquid biopsy company Genecast closes $18M in a Series B funding round, led by THG Ventures. Link
  • Sigtuple, which develops AI-enabled digital pathology solutions, closes $5.8M in Series A funding. Link
  • Optolexia, which develops AI-enabled solutions for the diagnosis of dyslexia, raised a $5.6M Series A round. Link
  • University of Washington spin-out Bellwether Bio, which develops tests that detect circulating DNA and identify tissue of origin of the DNA, raises $2.8M in seed funding. Link
  • IBM Watson and Illumina announce partnership to develop personalized medicine solutions for leukemia treatment. Link
  • Philips to partners with deep learning startup PathAI to develop breast cancer diagnostic. Link
  • Consumer genomics startup 23andMe receives FDA approval for marketing ten genetic risk assays. Link

SOME INTERESTING STARTUPS FOUND

SpinDiag (2016, Freiburg, Unfunded) Develops point-of-care connected devices for identification of drug resistant microbes by using ultra-fast PCR. Winner of the 2016 Health-i Award.

LEADER BOARD – DIAGNOSTICS

Oncology
Foundation Medicine (2010, Cambridge, $89.5M, Acq.) – Develops clinical assays for comprehensive genetic profiling for solid tumors and hematological malignancies to tailor personalized treatment regimens for patients. Backed by Google Ventures, KPCB, Third Rock Ventures; Roche owns a majority stake.

Biocartis (2007, Lausanne, IPO) – Develops in vitro molecular diagnostic platforms for multiplexed detection of bio-analytes in tissue samples. Backed by Debiopharm, J&J Development Corporation, Philips, The Wellcome Trust. Went public in 2015.
NantHealth (2007, Culver City, IPO) – Combines molecular medicine and bioinformatics with technology services to enable personalized therapies for cancer and other diseases. Part of billionaire Patrick Soon-Shiong’s NantWorks system. Backed by the Kuwait government, Blackberry, Celgene, AllScripts.
Grail Bio (2016, Menlo Park, $1B) Develops non-invasive cancer screening tests. Backed by Illumina, Arch Venture Partners, J&J Development Corporation, Merck, Celgene, Bristol Myers Squibb, Amazon, McKesson, Tencent and Varian Medical Systems.
Adaptive Biotechnologies (2008, Seattle, $404M) – high-throughput immunosequencing technologies, first application being for diagnosis of minimal residual disease in blood cancers. Backed by Viking Global, Illumina, Celgene, Lab Corp, Rock Spring Capital.Develops.

Cardiovascular Disease
Acutus Medical (2011, San Diego, $157M) – Develops medical imaging technologies for the electrophysiological market; first product gives an ultrasound-based reconstruction of the heart to diagnose arrhythmias. Backed by Advent Life Sciences, Orbimed, GE Ventures, Xeraya, Deerfield Capital.

Immune Disease
Exagen Diagnostics (2002, Vista, $76M) – Rheumatology specialty company that focuses on the diagnosis and prognosis of autoimmune connective tissue diseases. Backed by Epic venture capital, vSpring Capital, Sun Mountain Capital.

Infectious disease
Oxford Immunotec (2002, Abingdon, IPO) – Proprietary T-SPOT platform that measures immune cell responses at a single cell level to detect infectious diseases such as tuberculosis and CMV even at low pathogen loads. Backed by Dow, Clarus Ventures, New Leaf Venture Partners, Spark Ventures. Went public in 2013.

Atlas Genetics (2005, Bristol UK, $111M) – Develops the microfluidic-based multiplex point-of-care system io™ to detect bacterial STDs and hospital acquired infections. Backed by J&J Development Corporation, Novartis, BB Biotech, Consort Medical, Life Science Venture Partners.

Reproductive Health
Natera (2004, Redwood City, IPO) – Specializes in pre-implantation genetic testing, conception testing and non-invasive prenatal diagnostics. Backed by Claremont Creek Ventures, Sequoia, Orbimed Advisors, Sofinnova Ventures, Lightspeed Venture Partners. Went public in 2015.

Sera Prognostics (2008, Salt Lake City, $95M) – Develops a proteomics test for assessing risk of pre-term birth in expectant mothers. Backed by Domain Associates, Catalyst Health Ventures, Interwest and Upstart Capital.

CNS
Assurex Health (2006, Mason, $92M, Acq.) – Develops pharmacogenomics platforms for neuropsychiatric disorders. Backed by Mayo Clinic, Claremont Creek, Allos Ventures, Sequoia, GE Capital, jVen Capital.

Avid Radiopharmaceuticals (2005, Philadelphia, $70M, Acq.) – Specializes in molecular imaging agents for diagnosis of chronic diseases. Backed by Bioadvance, RK Ventures, Lilly Ventures, Safeguard Scientific, Pfizer. Acquired by Eli Lilly in 2010 for $800M.

Platform
SuperSonic Imagine (2005, Aix-en-Provence, IPO) – Develops ultrasound imaging platforms, with applications in women health, vascular, hepatology, gastroenterology and general imaging. Backed by NBGI Private Equity, Rothschild, Auriga Partners, Omnes Capital, Alto Invest. Went public in 2014.

Singulex (2003, Alamedia, $87M) – Specializes in single molecule counting technology and biomarker research for diagnostics. Backed by GE Capital, Advantage Capital, Prolog Ventures, Orbimed, Jafco.
Personalis (2011, Menlo Park, $75M) – Use proprietary databases, human reference sequences, and sophisticated algorithms to analyze genome scale information for clinical diagnostics. Backed by Mohr Davidow Ventures, Lightspeed Venture Partners, Abingworth.

Suite
23andMe (2006, Mountain View, $232M) – Provides direct-to-consumer service of gene indexing w.r.t. ancestry, genealogy, and inherited traits. Backed by J&J Development Corporation, NEA, Google Ventures, Illumina, Fidelity Investments, Mohr Davidow, MPM Capital.

SomaLogic (1999, Boulder, $192M) – Develops proteomics tools with applications in clinical diagnostics and life science research. Backed by Novartis, Gates Foundation, Visium Healthcare.
Pathway Genomics (2008, San Diego, $70M) – Develops genetic tests for cancer risk and drug responses. Backed by KCP Capital, Edelson Tech, Founders Fund, IBM.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Diagnostics (by Disease) and Diagnostics (by Technology) feeds.

Tracxn Healthcare Newsletter # 92 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Symetis, a developer of transcatheter aortic valve implantation devices, is to be acquired by Boston Scientific for $435M. Link
  • Syneron Medical, a developer of aesthetic medical equipment, inked an agreement to be acquired by Apax Partners for $397M. Link
  • Ottobock, a German-based prosthetics manufacturer, acquired BionX Medical Technologies, a Boston-based lower-limb prosthetic manufacturer, for an undisclosed price. Link
  • GE Healthcare acquired Monica Healthcare, a developer of wireless wearable fetal monitors, for an undisclosed amount. Link
  • Medtronic received FDA approval for its CoreValve Evolut Pro Valve (TAVR) with advanced sealing, for the treatment of severe aortic stenosis. Link
  • Siemens Healthineers received FDA-clearance for its ARTIS pheno, a robotic C-arm angiography system, for use in minimally invasive interventional procedures. Link
  • Medtronic’s Kyphon Xpede Bone Cement received FDA 510(k) clearance, with new indications of fixing pathological fractures of the sacral vertebral body. Link
  • Bovie Medical received FDA 510(k) clearance for its revamped J-Plasma generator and handpiece, which is designed for a more precise and powerful monopolar coagulation approach. Link
  • BioStable Science & Engineering received FDA 510(k) clearance for its HAART 300 Aortic Annuloplasty device for the repair of the aortic valves. Link
  • NuVasive received FDA 510(k) clearance for its cervical interbody implant system, indicated to treat cervical disc degeneration at up to four contiguous levels. Link
  • PQ Bypass received CE Mark for its Torus stent graft system, PQ Snare and PQ crossing device, to treat patients with superficial femoral artery lesions due to peripheral artery disease. Link
  • Moximed, a developer of unicompartmental load absorber implants for active patients with painful knee osteoarthritis (OA), received $50M in a Series C funding round. Link

SOME INTERESTING STARTUPS FOUND

Devinnova (Unfunded, Montpellier, 2016) – Develops connected wearable health monitoring devices and related applications.
SightLife Surgical (Unfunded, Seattle, 2016) – Corneal implants and devices to treat Corneal Blindness.

LEADER BOARD – MEDICAL DEVICES

Cardiovascular
TriVascular (1998, Santa Rosa, IPO) – Medical devices for endovascular aortic repair. Backed by NEA, Pinnacle Ventures, Greenspring Associates, Kaiser Permanente Ventures, ABS Ventures, MPM Capital, Delphi Ventures, Kearny Venture Partners, De Novo Ventures, Deerfield Capital Management, Helix Ventures, Deerfield, Permal, Pinnacle Ventures, and Rock Springs Capital. Went public in 2014.

Cardiovascular Systems (1989, Saint Paul, IPO) – Devices treating peripheral and coronary vascular disease. Backed by Silicon Valley Bank, Mitsui Global Investment, TPG, Healthcare Ventures, Lumira Capital, and Partners for Growth. Went public in 2006.

Orthopedics
ConforMIS (2004, Bedford, IPO) – Personalized, partial knee resurfacing implants to treat knee osteoarthritis. Backed by Aeris Capital, and Centurion. Went public in 2015.

Amedica (1996, Salt Lake City, IPO) – Spinal implants based on silicon nitride ceramic technology platform. Backed by Morningside Ventures, Zions Bank, Oxford Finance, venBio Partners, Hillhouse Capital, Epidarex Capital, and AJU IB Investment U.S. Went public in 2014.

Ophthalmology
Glaukos (2001, Laguna Hills, IPO) – Developed Micro-Invasive Glaucoma Surgery implant to treat glaucoma. Backed by Orbimed, Meritech Capital, InterWest Partners, Frazier Healthcare Partners, Versant Ventures, Novo A/S, Domain Associates, Fjord Ventures, and Montreux Equity Partners. Went public in 2015.

Ocular Therapeutix (2006, Bedford, IPO) – Develops Ophthalmic therapeutic products by using hydrogel technology. Backed by  Polaris Partners, Ascension Ventures, Versant Ventures, SV Life Sciences, Baxter, Pinnacle Ventures, and Ascension Ventures. Went public in 2014.

Diabetes Mellitus
Senseonics (1996, Germantown, IPO) – Implantable system for continuous glucose monitoring. Backed by NEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, and Anthem Capital. Went public in 2016.

Tandem Diabetes (2008, San Diego, IPO) – Device for continuous glucose monitoring and manual insulin delivery. Backed by TPG, HLM Venture Partners, Domain Associates, Delphi Ventures, and Kearny Venture Partners. Went public in 2013.

Oncology
ViewRay (2004, Oakwood, IPO) – MRI-guided radiation therapy technology for cancer. Backed by  Fidelity Investments, Orbimed, Siemens, ITOCHU Technology Ventures, Fidelity Growth Partners Europe, HTGC, Fidelity Biosciences, Kearny Venture Partners, Aisling Capital, Montrose Capital Partners, Xeraya Capital, CRG, and F-Prime Capital Partners. Went public in 2015.

GeneNews (1998, Markham, IPO) – Blood-based molecular diagnostics. Went public in 2001.

Neurology
Nexstim (2000, Helsinki, IPO) – Noninvasive brain stimulation for rehabilitating stroke patients. Backed by Capricorn Venture Partners, Suomen Teollisuussijoitus, Life Sciences Partners, Lundbeckfond Ventures, Healthcap, Finnish Industry Investment, Lundbeckfonden, and Healthcap. Went public in 2014.

Vycor Medical (2005, Boca Raton, IPO) – Minimally-invasive surgical devices & therapies for neurological disease. Went public in 2009.

Women’s Health
Bovie Medical (1970, Clearwater, IPO) – Manufactures electrosurgical products for gynecologic applications. Backed by Great Point Partners. Went public in 2000.

Viveve Medical (2005, Sunnyvale, IPO) – RF therapy for vaginal laxity.  Bridge Bank, 5AM Ventures, GBS Venture Partners, Wexford Capital, Square 1 Bank, RTW Investments, and Stone Pine Capital LLC. Went public in 2016.

Pulmonology
Inogen (2001, Goleta, IPO) – Portable Oxygen Concentrator for Oxygen Therapy. Backed by Western Technology Investment, Avalon Ventures, Versant Ventures, Novo A/S, Arboretum Ventures, and Accuitive Medical Ventures. Went public in 2014.

Aerogen (2000, Galway, IPO) – Develops Aerosol drug delivery devices. Backed by J.P. Morgan, US Venture Partners, InterWest Partners, Western Technology Investment, Invesco, Wheatley Partners, Viridian Investment Partners, Western Development Commission, and Healthcap. Went public in 2000.

Gastroenterology
EndoChoice (2008, Alpharetta, IPO) – Device for gastrointestinal conditions. Backed by Sequoia Capital, Silicon Valley Bank, Accelmed, Council Capital, MidCap Financial, Deerfield, River Cities Capital Funds, Agate Medical investments, Rock Springs Capital, and Envest Private Equity. Went public in 2015.

Mauna Kea Tech (2000, Paris, IPO) – Endomicroscopy devices for Gastrointestinal and Respiratory tracts. Backed by Seventure Partners, Psilos, and Finadvance. Went public in 2011.

Dental & Maxillofacial
Align Technology (1997, San Jose, IPO) – Develops Invisalign clear aligners and other dental products. Backed by  KPCB, Questmark Partners, ABS Ventures, Oak Hill Capital Partners, The Carlyle Group, and Tekla Capital Management. Went public in 2001.

Biolase (1987, Irvine, IPO) – Develops Dental lasers and scanning devices. Backed by Oracle Investment Management. Went public in 2003.

ENT
Entellus Medical (2006, Plymouth, IPO) – Suite of products for treating chronic sinusitis. Backed by Greenspring Associates, Split Rock Partners, Essex Woodlands, SV Life Sciences, Covidien and Oxford Finance. Went public in 2015.
Intersect ENT (2003, Menlo Park, IPO) – Develops drug-releasing implant for sinusitis. Backed by Norwest Venture Partners, KPCB, and US Venture Partners. Went public in 2014.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Medical Devices feed.


Tracxn – Healthcare Newsletter # 93 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Evidence Care, a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside raised $2M convertible Note B funding from NueCura Partners. Link
  • Aetion offers a platform to gain insights into the clinical and financial status of a population raised $11.2M in Series A from Flare Capital Partner. Link
  • MYnd Analytics, formerly CNS Response is a neuroscience company focused on improving the quality of treatment for patients with brain disorders raised a strategic $1M equity Investment. Link
  • Palarum,  a stealth mode IOT healthcare company raised $3.4 million dollars in non-brokered private funding. Link
  • OM1 previously called Better Oucomes is a digital health company that offers a software platform which helps organizations manage value and outcomes-based payment models raised $15M in strategic funding from Wannxiang Healthcare Investments. Link
  • WPC Healthcare which offers an analytics platform which identifies the risk of patient contracting sepsis both pre-op and post-op was acquired by Intermedix, which makes cloud-based SaaS for healthcare providers, government agencies, and corporations. Link
  • QorQl, a doctor appointment booking platform with integrated electronic health record and practice management solution raised an undisclosed amount from Paytm. Link
  • Ortho Kinematics, a spine diagnostics company which provides spine motion analysis and diagnostic services raised $18.6M in Series D funding from undisclosed investors. Link 

SOME INTERESTING STARTUPS FOUND

QClinics  (2016, Montreal) – A SaaS company that offers smart online queuing for walk-in clinics, powered by real-time AI.
IIerasoft (2016, Houston) – Sharing economy platform for medical devices.

LEADER BOARD – HEALTHCARE ANALYTICS

Suite Solutions
NantHealth (2007, Culver City, IPO) – Building an integrated, evidence-based, omically-informed, personalized approach to the delivery of care and the development of next generation healthcare solutions.Went public in 2016.

Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.

EHR Platforms
Flatiron Health (2010, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.

Modernizing Medicine (2010, Boca Raton, $98M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures.

Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP partners, Interwest Partners, Bessemar Venture Capital.

MedHOK (2009, Denver, $185M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired byHearst Communications.

Clinical Analytics
Imaging Advantage (2007, Santa Monica, $295M, Acq) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

Heart Flow (2007, Redwood City, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Butterfly Network (2011, Guilard, $100M) – Developing a device that combines deep learning and an ultrasound imaging technology. Backed by aeris Capital and Stanford University.

Financial Analytics
Remedy Partners (2011, Faifield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.

MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis and Bain Capital Ventures.
Truveris (2009, NYC, $27M) – A SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners,Tribeca Venture Partners, First Round, New Atlantic Ventures and more.

Operational Analytics
Evariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.

Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and under-staffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
Impact Rx (2000, Mount Laurel, $28M, Acq) – Platform which tracks and evaluates the impact of pharmaceutical promotions on the prescribing behavior of the physicians. Backed by Western Technology Investment, Mediphase Venture Partners, 3i Group.
PatientPop (2014, Santa Monica, $24M) – An end-to-end marketing platform that uses analytics for performance measurement. Backed by Toba Capital, Athena Health, and Silicon Valley Bank.

Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 94 – Consumer HealthTech

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH

  • Blink Health, a startup focused on helping consumers find low prices on medications, raised $90M in a round led by 8VC. Link
  • Livongo, a diabetes management company, raised $52.5M in a round co-led by General Catalyst, an existing investor, and Kinnevik. Other investors included Microsoft Ventures, American Investment Holdings, and EDBI along with all existing investors. Link
  • HealthEngine, an online healthcare marketplace, raised $20M in a round led by led by Sequoia India with participation from Alium Capital, Go Capital among others. Link
  • Kinsa, a developer of smart thermometers, raised $17M from GSR Ventures, Kleiner Perkins Caufield Byers, FirstMark Capital, and others. Link
  • Cognoa, a developer of an app to assess child development, raised $12M in a round led by existing investor Morningside. Link
  • Simple Contacts, which provides an app for remote prescription for contact lens, raised $8M in a round led by Goodwater Capital with participation from existing investors Justin Kan, Notation Capital, and Autonomous Ventures.Link
  • Mango Health, a developer of an app for patient engagement and medication adherence, announced long-term partnership and investment from Express Scripts, a pharmacy benefit management organization. Link
  • GlobalMed acquired telemedicine startup, TreatMD. Link
  • 23andMe received FDA approval for marketing of first direct-to-consumer tests that provide genetic risk information for certain conditions. Link
  • PatientsLikeMe, an online patient network platform, partnered with Shire Pharmaceuticals to improve research, treatment for rare diseases. Link
  • HomeHero, a home care startup for seniors, announced that the company is ceasing operations and focusing on a new health venture. Link

SOME INTERESTING STARTUPS FOUND

Pillboxgo (2016, Dusseldorf) – Subscription-based periodic delivery of pre-sorted medicines. The company’s service helps those who are on multiple medications for chronic conditions for effective management of medication.
Homage (2016, Singapore, $1M) – Tech-heavy home healthcare platform for elderly people at home. 

LEADER BOARD – CONSUMER HEALTH TECH

PERSONAL HEALTH MANAGEMENT
ONLINE INFORMATION SEARCH
Medical Content Providers
WebMD (1996, NYC, IPO) – Online platform providing health-related information to consumers and healthcare professionals. Went public in 2005. 

Healthline (2005, SF, $154M) – Health information portal. Also started providing appointment booking service through the platform by acquiring YourDoctor. Backed by Summit Partners, Trinity Capital Investment, Investor Growth Capital, Reed Elsevier Ventures, Vintage Point Capital Partners, Kaiser Permanente Ventures and U.S. News. 

Social Platforms
PatientsLikeMe (2004, Cambridge, $132M) – Online community for people with medical conditions. Backed by Omidyar Network, CommerceNet, Invus, Robert Wood Johnson Foundation, Collaborative Seed and, iCarbonX. 

PERSONALIZED HEALTHCARE
Sharecare (2010, Atlanta, $220M) –  Online platform for personalized health recommendations including expert resources, guidance, and programs based on the proprietary RealAge test results and other personal health data shared by the user. Backed by TomorrowVentures, Heritage Group, Claritas Capital, Arsenal Venture Partners, Hearst Communications, Galen Partners, Wellington Management, Swiss Re, New Evolution Ventures.

Your.MD (2013, London, $7M) – Mobile app which uses AI and Machine Learning technology to give personalized feedback to individuals as they speak or type their query. Backed by Smedvig.   

MONITORING
Meet You (2013, Xiamen, $200.5M) – Social network for women and a menstruation period tracking app. Backed by SIG China, The Cathay Funds and Matrix Partners China.

Dayima (2012, Beijing, $66M) – App for period tracking and women’s health. It predicts period cycles based on past patterns, offering health tips on avoiding cramps and premenstrual syndromes, and links to an online forum where users can exchange their experiences on parenting, beauty, etc. Backed by By-Health, Haitong, BAI, Ce Yun Ventures, Sequoia, and ZhenFund. 
TelCare (2008, Bethesda, $65M, Acq.) – Provides a wireless blood glucose meter with two-way messaging, that transmits to a care management server, along with a suite of iPhone and Android apps. Acquired by BioTelemetry in December 2016.

DIY DIAGNOSTIC SOLUTIONS
Cognoa (2013, Palo Alto, $20M) – Developing an app for developmental disorder assessment for children. Backed by Morningside Venture Capital. 

ResApp Health (2014, Perth, $10M, Acq.) – Smartphone-based respiratory diseases diagnosis tools. Acquired by Narhex in July 2015.

THERAPEUTIC SOLUTIONS
Chrono Therapeutics (2004, Waltham, $80M) – Device with programmable passive transdermal drug delivery for smoking cessation. Backed by National Cancer Institute, RockHealth, Canaan Partners, 5AM Ventures, Fountain Healthcare Partners, Mayo Clinic, and GE Ventures.       

MEDICATION ADHERENCE
Mango Health (2012, SF, $8M) – Mobile app that helps consumers comply with their medication through games. Backed by KPCB, Bullpen capital, First Round Capital, Floodgate, RockHealth, Express Scripts and Baseline Ventures.

PERSONAL HEALTH RECORDS
CareSync (2011, Wesley Chapel, $22M) – The web and mobile application which allows patients to collect their electronic health records from different health care providers. Backed by Merck GHI, Greycroft, HMC, Tullis Health Investors, Clearwell group, and CDH Solutions.

CareZone (2010, SF, $13M) – Personal health information log book. Backed by NEA, and Catamount Ventures. 

HEALTHCARE DELIVERY
DOCTORS
Telemedicine
Chunyu Yisheng (2011, Beijing, $244M) – Telemedicine platform for remote doctor consultation. Backed by  BlueRun Ventures, CICC, ICH Group

AmericanWell (2006, Boston, $123M) – Telehealth platform that connects users with doctors over the video feed. Backed by Inventures Alliance Management Company.  

Homecare
Heal (2014, LA, $52M) – Mobile app for on-demand home visits for a family doctor. Backed by Slow Ventures, Pritzker Group, March CP.

Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Summation Health Ventures, Goodwater Capital, Montage Ventures, Lux capital.

Appointment booking
We Doctor Group (formerly Guahao) (2010, Hangzhou, $520.5M) – Online platform for appointment booking with doctors and a healthcare information portal. Backed by Tencent, GS, HillHouse Capital, Fosun, CBD Capital, Morningside Ventures, Qiming Venture Partners, and Henderson Shandong Tiyanye Co.

ZocDoc (2007, NYC, $223M) – An online platform which helps users to find a nearby health practitioner and instantly book an appointment online. Also provides scheduling software to providers. Backed by Atomico, Founders Fund, Baillie Gifford, GS, Khosla Ventures, DST Global Solutions, SV Angel.

DIAGNOSTICS
Dx Kits
23andMe (2006, Mountain View, $232M) – A human genome research company enabling customers to study their ancestry, genealogy, and inherited traits. Backed by Google Ventures, MPM Capital, NEA, JJDC and Mohr Davidow Ventures.

Marketplace
WellnessFX (2010, SF, $6M, Acq.) – Online marketplace for preventive health diagnostic packages. Acquired by Health Elements in December 2013.

HEALTH INSURANCE
Internet-first Insurance providers
Oscar Health (2012, NYC, $727.5M) –  An internet first health insurance provider that uses digital healthcare solutions to keep its members healthy. Backed by Thrive Capital, Founders Fund, General Catalyst, Khosla Venters, Red Swan, BoxGroup, Goldman Sachs, Wellington, Google Capital, Lakestar, and Fidelity International. 

Aggregator 
GoHealth Insurance (2001, Chicago, $50M) – Online price comparison and shopping portal for health insurance. Backed by NEP.

Gravie (2013, Minneapolis, $27M) – Online health insurance marketplace for consumers to choose and buy insurance, pay for it and manage all healthcare expenses at one place. Backed by Aberdare ventures, Split Rock Partners, and Firstmark Capital. 

PHARMACY
7LK (2011, Guangzhou, $149M) – Online retailer of non-prescription drugs and health supplements such as pharmaceuticals, medical devices, and medical products. Backed by Grandyangtze, TusPark Ventures, and Govtor.  

Yiyao  (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.
PillPack (2013, Boston, $94M) – Mobile app-enabled which periodically sends the required medications to the user. Backed by Accel Partners, Sherpa Ventures, CRV, Menlo VC, Atlas Ventures, Slow ventures, Highline VP, QueensBridge VP, Founder Collective, IDEO, and Techstarts.

CAREGIVERS
Caregiver Discovery Platforms
Care.com (2006, Waltham, IPO) – Online marketplace connecting families requiring babysitters and nannies (for children, senior adults or disabled), pet care, housekeeping with caregivers. Went public in 2014.

Honor (2014, SF, $62M) – The web and mobile-based platform that allows users to find and book caregiver for elderly people. Backed by Andreessen Horowitz, RockHealth, Homebrew, True Ventures, Thrive Capital, 8VC, Syno Capital, and Kapor Capital.
HomeTeam (2013, Manhattan, $43.5M) – An online platform which allows people expert caregiver matching and a care team to promote healthy & active days. Backed by Kaiser Permanente Ventures, Oak HC/FT, Lux Capital, AI Ventures, and Recruit Strategic Partners.

MEDICAL TOURISM FACILITATOR
Medigo (2013, Berlin, $12M) – An online marketplace that facilitates searching, booking and arranging medical travel. Backed by Atlantic Labs, and Accel.

CLINICAL TRIAL ENROLLMENT
CureForward (2014, Cambridge, $27M) – Online clinical trial enrollment platform and DNA mapping from partnered labs. Backed by Apple Tree Partners. 

Antidote (2008, London, $18M) – Search engine for clinical trials which helps patients to explore, understand and access clinical trials. Backed by Octopus Ventures, Amadeus Capital, and Smedvig Capital.

 

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Consumer HealthTech feed.

Tracxn – Healthcare Newsletter # 95 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE IT

  • Evidence Care, a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside raised $2M convertible Note B funding from NueCura Partners. Link
  • Aetion offers a platform to gain insights into the clinical and financial status of a population raised $11.2M in Series A from Flare Capital Partner. Link
  • Ivenix, earlier known as Fluidnet Corporation which has developed an Infusion Management System which includes an information system that operates within an infusion device, raised $50 million round of equity financing for its new technology platform, the Ivenix Infusion System from F-Prime Capital Partners and WuXi Healthcare Ventures. Link
  • MYnd Analytics, formerly CNS Response is a neuroscience company focused on improving the quality of treatment for patients with brain disorders raised a strategic $1M equity Investment. Link
  • PocketRx, an app to help patients manage their prescriptions, and is sold to pharmacy chains was acquired by Digital Pharmacist, a company formed in January from a merger of RxWiki and TeleManager. Link
  • EveryMove which turns individual fitness tracking data into social connections, goals, accountability, and purpose was acquired by Higi, a company that operates the largest health screening ecosystem. Link
  • higi, a platform is directed at community health and wellness and allows consumers to collect and share their health a Series B investment from BlueCross BlueShield Venture Partners. Link
  • BetterPT, a physical therapy platform that connects private physical therapists and clients has raised $1.5M from Loeb Holding Corp. Link
  • Jellyvision, which develops engaging and educational solutions to provide decision support to consumers and employees using virtual games. Link
  • WhiteSpace Health, a provider of data analytics and cloud-based healthcare intelligence was acquired by Omega Healthcare Management Services. Link
  • Tilak Healthcare, a developer of gamified digital solutions to be used as diagnostics or rehabilitation tools for chronic disease raised $2.7M from iBionext Growth Fund. Link
  • Clinivid a patient-centric video communication between clinicians for the second opinion raised $350,000 in seed funding. Link
  • Strenuus, a healthcare information technology company and provider of healthcare provider network analytics was acquired by Zelis Healthcare, a market-leading healthcare information technology company. Link
  • Amino, a healthcare transparency company that helps people find care, estimate costs, and book appointments raised $20M in Series C funding led by Highland Funds, Accel Partners, Aspect Ventures, CRV, Pilot Wall Group. Link
  • Wellthie, a digital health company that provides software and services which guide a consumer through health plan options and choices raised $5M in Series A funding from IA Capital Group and Aflac. Link
  • CoverMyMeds one of the leading electronic prior authorization solution provider was acquired by Mckesson for $1.4B. Link
  • Drchrono, a freemium iPad EHR platform that operates on iPad, iPhone, Google Glass and cloud raised $12 million in Series A funding led by Runa Capital with participation from Maxfield Capital, Eric Dunn (CEO of Quicken Inc. and Intuit’s first CTO), and FundersClub. Link
  • OM1 previously called Better Oucomes is a digital health company that offers a software platform which helps organizations manage value and outcomes-based payment models raised $15M in strategic funding from Wannxiang Healthcare Investments. Link
  • WPC Healthcare which offers an analytics platform which identifies the risk of patient contracting sepsis both pre-op and post-op was acquired by Intermedix, which makes cloud-based SaaS for healthcare providers, government agencies, and corporations. Link
  • QorQl, a doctor appointment booking platform with integrated electronic health record and practice management solution raised an undisclosed amount from Paytm. Link
  • Ortho Kinematics, a spine diagnostics company which provides spine motion analysis and diagnostic services raised $18.6M in Series D funding from undisclosed investors. Link
  • Spring Care which offers a quick digital test which helps clinicians to the match the patient with a correct anti-depressant raised $1.5M in seed funding. Link
  • Virtual Health Partners which offers an on-demand HIPAA compliant healthcare platform focussing on ancillary care treatment such as nutrition, fitness and behavior modifications raised Series A Preferred Stock financing round to institutional and accredited investor. Link
  • ClearDATA which designs and develops HealthDATA, a cloud computing platform that enables providers to store, manage, protect, and share their patient data and critical application raised $12 million from Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. Link
  • LeonardoMD which offers Medical Practice Management Software and an Electronic Health Record (EHR) was acquired by Integrated cloud-based healthcare solutions and services company Azalea Health. Link
  • Entrada, a leading provider of integrated mobile solutions that improve healthcare efficiencies and outcomes, was acquired by NextGen Healthcare Information Systems for $34M. Link
  • Sansoro’s Emissary application which provides EMR interoperability through universal application programming interfaces (APIs) and a unified data model raised $5.4M in funding. Link

SOME INTERESTING STARTUPS FOUND

Casper (2016, Berlin) – A solution for digital therapy planning and management offering an individual training program in the areas of physio- and ergotherapy as well as speech therapy.
LightHouse (2016, SFO) – Offers a care management platform to healthcare providers for delivering care to chronic patients, and getting reimbursed from Medicare & Medicaid.
Affirm Health (2016, Nashville) – Provides workflow integration and automation software to help health providers comply with controlled substance monitoring programs.

LEADER BOARD –  HEALTHCARE IT

VALUE BASED CARE
Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.
Onduo(2016, Minneapolis, $500M) – a JV between Sanofi and Verily focused on Diabetes. The company plans to use a combination of devices, software, medicine and professional care. The company claims to use a service-centric approach and support doctors in their efforts to treat their patients more effectively.
Privia Health (2013, Viginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.

Population Health Management
MedHOK (2009, Tampa, $77M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.
Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.

Patient Engagement
Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
MindMaze (2012, Lausanne, $118.5M) – Develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.

Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Care Coordination
Remedy Partners (2006, San Franciso, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.
PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.

Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.
iRhythm Tech (2006, San Franciso, $95M) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund, and Qualcomm Ventures.

PROVIDER
Hospital Information Management Systems
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.
Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.

EHR Platform
Practice Fusion (2005, SF, $155M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB.

Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcare providers. Backed by  Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.

Practice Management
We Doctor Group (2010, Hangzhou, $521M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.

Practo (2008, Bangalore, $125M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.

Home care Management
Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences.

Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.

Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.

Administrative Solutions
Livescribe (2007, Oakland, $156M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015.
Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.
Phreesia (2005, NYC, $76M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners.
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.

Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.

Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management.

HORIZONTAL
McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.
Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.

EMPLOYER
Benefits Administration
Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.

Employee Fitness & Wellness
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners.
Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.

Healthcare Delivery
Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital.
Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital.

PAYER
Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.

NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006.
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.
HealthEdge (2004, Burlington, $58M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.

PHARMACY
Express Scripts (1986, Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.

CatamaranRx (1981, Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors, and caregivers with prescription data to improve health outcomes.
Talyst (2012, Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012, Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Healthcare IT feed.

Tracxn – Healthcare Newsletter # 96 – Life Sciences- Software

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – LIFE SCIENCE – SOFTWARE

  • Chroma Code, a company offering software platform and assays for molecular biology has raised $12 million in Series B funding round led by New Enterprise Associates (NEA) with participation from Domain Associates and Okapi Ventures in April 2017. The funding will be used for development of ChromaCode’s High-Definition Polymerase Chain Reaction technology (HDPCR). Link
  • Science 37 which offers solutions to support remote and decentralised clinical trials has raised $29 million in growth funding round led by Glynn Capital Investment \with participation from GV, Lux Capital, Redmile Group, dRx Capital and Sanofi Ventures in April 2017. Link
  • CloudMine which offers Connected Health Cloud and data enablement platforms has raised capital from Series A1 round from Safeguard and MentorTech Ventures along with angel investors in April 2017.. Link
  • ProCheck which offers solutions for anti-counterfeiting, operations management & data analytics to Pharma companies has raised $250 k in seed funding from Sarmayacar, a syndicate of foreign investors to promote Pakistani startups in April 2017. Link
  • Repositive which allows individuals and researchers to access and share human genomic data has raised $ 3.13 million is Series A funding round from Ananda Ventures, Force Over Mass, and Amadeus Capital Partners in April 2017. Link
  • Cluster Market, an online sharing platform for life scientists to list, discover and book resources within their institution or cluster has raised $ 3.12 k in in angel funding in April 2017. Link
  • SHYFT which provides cloud-based analytics and data management platform for customer engagement and revenue analytics has raised $ 7.5 million from Optum in April 2017 as a part of Series B investment. The company had earlier raised $ 12.5 in Series B round announced in August 2016 from McKesson Ventures, Medidata Solutions, Health Enterprise Partners and Milestone Venture Partners. Link
  • Vital trax offering patient engagement solutions for Clinical Trials has raised $ 150 k in seed financing from Digital Health Fund backed by Ben Franklin Technology Partners, Independence Health Group, and Safeguard Scientifics in March 2017. Link
  • MYnd Analytics, a neuroscience company focused on improving the quality of treatment for patients with brain disorders, by providing objective information to prescribers has raised $ 1 million  in strategic investment from RSJ Gradus fund which includes a right of first refusal to expand into Europe before the end of 2018. Link.
  • Recursion Pharmaceuticals, a pharmaceutical discovery company has got $ 4 million credit facility from Square 1 Bank in February 2017. Link
  • Perkin Elmer’s medical imaging business has been acquired by Varex Imaging on 1 May 2017. Link
  • Mytrus, a clinical trials technology company that provides the web and mobile applications that enable patients to participate in clinical trials directly from their own homes has been acquired by Medidata in April 2017. Link
  • The assets of OpenQ, provider of Key Opinion Leader (KOL) data base and software solutions to manage KOLs have been acquired by Anju Software, a life sciences software platform company in April 2017. Link
  • Umetrics (MKS Instruments), a provider of software for the design of experiments and multivariate data analysis, and also for on-line continuous and batch processes has been acquired by Sartorius Stedim Biotech in April 2017. Link
  • Bracket, a clinical trials solution provider offering  eClinical tools, comprising of interactive voice and web response systems for subject screening, randomization, drug supply management, site management, and electronic patient reported outcomes has been acquired by Genstar Capital from Parthenon Capital Partners in March 2017. Link

SOME INTERESTING STARTUPS FOUND

Vital Trax (2016, Philadelphia) – Cloud based patient engagement platform for clinical trials.
Bio Bright (2016, Cambridge) –  Developing an “internet of things” platform to make biology easier and more reproducible and to support data driven biological research.
Syllable Life Science (2016, Boston) – Machine learning based application to analyse human and lab-animal behavior at the time of drug trials

LEADER BOARD – LIFE SCIENCE – SOFTWARE

Bioinformatics
Metabolon (2000, Durham, $92.42M) provides platforms and informatics systems for biomarker discoveries and diagnostic tests and also offers metabolomics research services. Backed by Aurora Funds, Sevin Rosen Funds, Camden Partners Holdings, Essex Woodlands, HHVC, Sumitomo Corp, Syngenta, Alexandria Real Estate Equities, ATEL Capital Group, Fletcher Spaght, The Trelys Funds, Fulcrum Financial Group, Crossroads Capital.

BioNano Genomics (2003, San Diego, $101.4M) has developed a platform for imaging single molecules of DNA at megabase lengths, allowing the mapping of large chunks of the genome at great resolution.Backed by National Institutes of Health, Ben Franklin Technology Partners, Legend Capital, KT Venture, 21Ventures, Domain Associates, Innovation Valley Partners, Battelle Ventures, NCI, NHGRI, Novartis Venture Fund, and Monashee Investment
Pacific Biosciences (2004, Menlo Park, Public) has developed a Single Molecule Real Time (SMRT) sequencing platform that utilizes the company’s two proprietary technologies – Zero-Mode Waveguides (ZMW) and phospholinked nucleotides for single molecule sequencing.Backed by Morgan Stanley, Mohr Davidow Ventures, KPCB, DAG Ventures, Maverick Capital, AllianceBernstein, Sutter Hill Ventures, Alloy Ventures, Deerfield Capital Management, Deerfield, and Gen-Probe.
Simulations Plus (1996, Lancaster, Public) develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling & simulation software for cheminformatics and drug discovery and provides consulting services.
Benevolent AI (2013, London, $87.7M) is an Artificial Intelligence company focussed on pharmaceutical R&D and drug discovery. The company has organised itself into two wholly owned, integrated and complementary subsidiaries: ‘BenevolentBio’ (formerly Stratified Medical) – will continue to focus on applying BenevolentAI’s technology in human health and the exploration of further bioscience applications such as veterinary medicine, and ‘BenevolentTech’ – will continue to refine and develop the AI engine that is driving the discoveries in bioscience and in future will look to replicate this success across wider applications and industries.
Inpharmatica (1998, Saffron Walden, $75M, Acq) offers predictive informatics solutions and services for medicinal chemistry and ADME to help improve the speed and productivity of drug discovery. It is also involved in research of drugs and biomarkers. Backed by Vertex Ventures, Advent Venture Partners, Gimv, Gilde, 3i Group, Abingworth, Unibio, and REV. Acquired by Galapagos in Dec 2006.
Schrodinger (1990, New York, $52M) develops software solutions for computational chemistry, research and drug discovery. Backed by Cascade Investment.

Imaging Solutions
Aperio Technologies (1999, California, $47.6M, Acq) offers digital pathology solutions including image management, sharing and analysis solutions. Backed by BlackRock, Advanced Technology Ventures, HLM Venture Partners, and Galen Partners. Acquired by Leica Microsystems in Aug 2012.

inviCRO (2008, Boston, $45.8M) provides advanced data analysis services and software in the field of preclinical imaging research.
Median Technologies (2002, Valbonne, $53.66M, Public) offers medical imaging software and services for oncology clinical trials, cancer screening, and clinical practice. Backed by NEA, Draper Fisher Jurvetson, Auriga Partners, Abingworth, Omega Funds, Idinvest Partners, National Technology Enterprises Company, Kuwait Life Sciences Company (KLSC), and AGF Private Equity.

Clinical Trial Solutions
Medidata (1999, New York, $66.18 M, Public) provides cloud based solutions for clinical trial management and analytics. Backed by Insight Venture Partners, Milestone Venture Partners, Stonehenge Growth Equity, Silicon Alley Venture Partners, The Lambda Funds, State Street, and Alpha Venture Partners and went public in June, 2009.

Parexel (1983, Massachusetts, Public) is a clinical research organization which offers clinical trial management solutions and services. Backed by Capvis.
Datatrak International (1991, Cleveland, Public) offers clinical enterprise solutions which include tools for electronic data capture, trial design, trial supply management and project management.
Comprehend (2010, Palo Alto, $.8M) provides clinical data reporting and  visualization tools for clinical trials. Backed by Y Combinator, Lightspeed Venture Partners, Sequoia Capital, SV Angel, Menlo Ventures, Crosslink Capital, Quotidian Ventures, Ulu Ventures, Life Sciences Angel Network, and Easton Capital.
Go Balto (2008, San Fransisco, $38.1M) provides cloud-based electronic solutions for clinical trial design, data capture analysis. Backed by Qualcomm, Aberdare Ventures, Mitsui Global Investment, EDBI, West Health, and Dolby Family Ventures.

GRC Solutions
Metric Stream (1999, Palo Alto, $150M) provides solutions for quality management, regulatory compliance, risk management, and corporate governance. Backed by Goldman Sachs, KPCB, Integral Capital Partners, Gold Hill Capital, Sageview Capital, Saints Capital, Kaiser Permanente Ventures, Blade Ventures, Montage Capital, and The Camelot Group.

Virtify (2004, Lexington, $23.5M) provides enterprise content and compliance management solutions for the life sciences industry. Backed by Tudor Growth Equity, Blue Cloud Ventures, and Spring Lake Equity Partners.
Qumas (1994, Cork, $10M, Acq) provides Compliance and Quality Management Software for Life Sciences including solutions for document management, process management and submission management. Backed by  General Catalyst Partners, Fidelity Ventures, Delta Partners, ACT Venture Capital, Fidelity Growth Partners Europe, Kernel Capital, and Eight Roads Ventures. Acquired by Accelrys in Dec, 2013.

Automation Solutions
Emerald Therapeutics (2010, San Francisco, $34M) has developed Emerald Cloud Laboratory that scientists can remotely access via the internet and can perform experiments using automated robotics. Backed by Founders Fund, Western Technology Investment, and Schooner Capital.

Quartzy (2009, Palo Alto, $28.8M) offers web-based platform for lab management and supports collaboration, inventory and order management. It also hosts catalogs from vendors for lab consumables. Backed by  Y Combinator, Lerer Hippeau Ventures, SV Angel, Khosla Ventures, Washington U., Silicon Badia, Reinmkr Satsang, A Capital, Life Science Angels, Science House, Accelerator Tech, Lerer Hippeau Ventures, and Eminence Capital.

Market Intelligence
IMS Health (1954, Danbury, Merged) offers a suite of market intelligence products and services which are aimed at improving productivity and healthcare delivery of healthcare organizations.

CitiusTech (2005, Princeton, $112 M) offers Business Intelligence and healthcare analytics platform. Backed by General Atlantic.
SHYFT Analytics (2005, Waltham, $39M), formerly Trinity Pharma Solutions, provides cloud-based analytics and data management platform for customer engagement and revenue analytics. Backed by Milestone Venture Partners, Health Enterprise Partners, Medidata, and McKesson Ventures.
Zephyr Health (2011, San Francisco, $33.5 M) offers Zephyr Illuminate, an Insights-as-a-Service platform designed to help companies improve product life cycle performance with customer and market insights and can be used for collaboration, targeting and segmentation, and planning. Backed by KPCB, Jafco Ventures, and Icon Ventures.

Sales and Marketing
Veeva Systems (2007, San Francisco, $ 4 M, Public) offers Content Management, Customer Relationship Management, Customer Master data management and related software and services to the life sciences industry. Backed by  Lead Edge Capital, and Emergence Capital. Went public in October 2013.

Aktana (2008, San Francisco, $25 M) offers sales force solutions and customer relationship management solutions for life sciences industry. Backed by Safeguard Scientifics, and Starfish Ventures.

Operations Management and Supply Chain
Tracelink (2009, Woburn, $77 M) offers an online platform for global distribution, visibility and traceability of pharmaceuticals to limit the sale of counterfeit drugs. Backed by FirstMark Capital, Goldman Sachs, Volition Capital, and F-Prime Capital Partners.

Bluechiip (2003, Scoresby, Public) provides wireless tracking solutions for bio samples and other products. Went public in Oct, 2010 via a reverse takeover by Sofcom Limited.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Life Sciences – Software feed.

Tracxn Healthcare Newsletter # 97 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Becton Dickinson to acquire C.R. Bard for $24B. Link
  • Cardinal Health is looking to acquire the medical supplies business of Medtronic for $6B. Link
  • Amendia acquired Spinal Elements, a spinal device developer, for an undisclosed amount. Link
  • Codman Neuro, a business unit of Johnson & Johnson acquired Neuravi and its portfolio of neurovascular therapy technology for an undisclosed amount. Link
  • LivaNova, a developer of neuromodulation, cardiac surgery, and rhythm management devices, to acquire Caisson Interventional, a developer of heart valves, for $72M. Link
  • Outset Medical, a developer of dialysis devices, raised $76.5M in a Series C round, for the commercialization of Tablo, an all-in-one dialysis device. Link
  • Advanced Cardiac Therapeutics raised $45M in an equity round, for the clinical development of its ablation catheter for the treatment of arrhythmias. Link
  • ALung Technologies, a developer of artificial lung technology for patients with respiratory failure, raised $36M in a Series C round, for a U.S. pivotal trial of the device. Link
  • NeuroTronik, a developer of a device for treating acute heart failure, raised $23M in a Series B funding round led by Boston Scientific. Link
  • Boston Scientific received an FDA approval for its Resonate line of defibrillators comprising of multi-lead pacing. Link
  • Venus Medtech received China FDA approval for its Venus A-valve device, an aortic valve implantation device. Link
  • Contego Medical received CE mark for its angioplasty balloon system for the treatment of peripheral artery disease. Link

 

SOME INTERESTING STARTUPS FOUND

Niramai (Undisclosed, Bangalore, 2016) – Develops AI based breast cancer screening device.
CorAct Advanced Technologies (Unfunded, Rehovot, 2015) – Develops implantable cardiac assist device for end-stage heart failure patients.

LEADER BOARD – MEDICAL DEVICES

Cardiovascular
TriVascular (1998, Santa Rosa, IPO) – Medical devices for endovascular aortic repair. Backed by NEA, Pinnacle Ventures, Greenspring Associates, Kaiser Permanente Ventures, ABS Ventures, MPM Capital, Delphi Ventures, Kearny Venture Partners, De Novo Ventures, Deerfield Capital Management, Helix Ventures, Deerfield, Permal, Pinnacle Ventures, and Rock Springs Capital. Went public in 2014.

Cardiovascular Systems (1989, Saint Paul, IPO) – Devices treating peripheral and coronary vascular disease. Backed by Silicon Valley Bank, Mitsui Global Investment, TPG, Healthcare Ventures, Lumira Capital, and Partners for Growth. Went public in 2006.

Orthopedics
ConforMIS (2004, Bedford, IPO) – Personalized, partial knee resurfacing implants to treat knee osteoarthritis. Backed by Aeris Capital, and Centurion. Went public in 2015.

Amedica (1996, Salt Lake City, IPO) – Spinal implants based on silicon nitride ceramic technology platform. Backed by Morningside Ventures, Zions Bank, Oxford Finance, venBio Partners, Hillhouse Capital, Epidarex Capital, and AJU IB Investment U.S. Went public in 2014.

Ophthalmology
Glaukos (2001, Laguna Hills, IPO) – Developed Micro-Invasive Glaucoma Surgery implant to treat glaucoma. Backed by Orbimed, Meritech Capital, InterWest Partners, Frazier Healthcare Partners, Versant Ventures, Novo A/S, Domain Associates, Fjord Ventures, and Montreux Equity Partners. Went public in 2015.

Ocular Therapeutix (2006, Bedford, IPO) – Develops Ophthalmic therapeutic products by using hydrogel technology. Backed by  Polaris Partners, Ascension Ventures, Versant Ventures, SV Life Sciences, Baxter, Pinnacle Ventures, and Ascension Ventures. Went public in 2014.

Diabetes Mellitus
Senseonics (1996, Germantown, IPO) – Implantable system for continuous glucose monitoring. Backed by NEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, and Anthem Capital. Went public in 2016.

Tandem Diabetes (2008, San Diego, IPO) – Device for continuous glucose monitoring and manual insulin delivery. Backed by TPG, HLM Venture Partners, Domain Associates, Delphi Ventures, and Kearny Venture Partners. Went public in 2013.

Oncology
ViewRay (2004, Oakwood, IPO) – MRI-guided radiation therapy technology for cancer. Backed by  Fidelity Investments, Orbimed, Siemens, ITOCHU Technology Ventures, Fidelity Growth Partners Europe, HTGC, Fidelity Biosciences, Kearny Venture Partners, Aisling Capital, Montrose Capital Partners, Xeraya Capital, CRG, and F-Prime Capital Partners. Went public in 2015.

GeneNews (1998, Markham, IPO) – Blood-based molecular diagnostics. Went public in 2001.

Neurology
Nexstim (2000, Helsinki, IPO) – Noninvasive brain stimulation for rehabilitating stroke patients. Backed by Capricorn Venture Partners, Suomen Teollisuussijoitus, Life Sciences Partners, Lundbeckfond Ventures, Healthcap, Finnish Industry Investment, Lundbeckfonden, and Healthcap. Went public in 2014.

Vycor Medical (2005, Boca Raton, IPO) – Minimally-invasive surgical devices & therapies for neurological disease. Went public in 2009.

Women’s Health
Bovie Medical (1970, Clearwater, IPO) – Manufactures electrosurgical products for gynecologic applications. Backed by Great Point Partners. Went public in 2000.

Viveve Medical (2005, Sunnyvale, IPO) – RF therapy for vaginal laxity.  Bridge Bank, 5AM Ventures, GBS Venture Partners, Wexford Capital, Square 1 Bank, RTW Investments, and Stone Pine Capital LLC. Went public in 2016.

Pulmonology
Inogen (2001, Goleta, IPO) – Portable Oxygen Concentrator for Oxygen Therapy. Backed by Western Technology Investment, Avalon Ventures, Versant Ventures, Novo A/S, Arboretum Ventures, and Accuitive Medical Ventures. Went public in 2014.

Aerogen (2000, Galway, IPO) – Develops Aerosol drug delivery devices. Backed by J.P. Morgan, US Venture Partners, InterWest Partners, Western Technology Investment, Invesco, Wheatley Partners, Viridian Investment Partners, Western Development Commission, and Healthcap. Went public in 2000.

Gastroenterology
EndoChoice (2008, Alpharetta, IPO) – Device for gastrointestinal conditions. Backed by Sequoia Capital, Silicon Valley Bank, Accelmed, Council Capital, MidCap Financial, Deerfield, River Cities Capital Funds, Agate Medical investments, Rock Springs Capital, and Envest Private Equity. Went public in 2015.

Mauna Kea Tech (2000, Paris, IPO) – Endomicroscopy devices for Gastrointestinal and Respiratory tracts. Backed by Seventure Partners, Psilos, and Finadvance. Went public in 2011.

Dental & Maxillofacial
Align Technology (1997, San Jose, IPO) – Develops Invisalign clear aligners and other dental products. Backed by  KPCB, Questmark Partners, ABS Ventures, Oak Hill Capital Partners, The Carlyle Group, and Tekla Capital Management. Went public in 2001.

Biolase (1987, Irvine, IPO) – Develops Dental lasers and scanning devices. Backed by Oracle Investment Management. Went public in 2003.

ENT
Entellus Medical (2006, Plymouth, IPO) – Suite of products for treating chronic sinusitis. Backed by Greenspring Associates, Split Rock Partners, Essex Woodlands, SV Life Sciences, Covidien and Oxford Finance. Went public in 2015.

Intersect ENT (2003, Menlo Park, IPO) – Develops drug-releasing implant for sinusitis. Backed by Norwest Venture Partners, KPCB, and US Venture Partners. Went public in 2014.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Medical Devices feed.

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