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Tracxn – Healthcare Newsletter # 98 – Health Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • ArroHealth, a provider of chart retrieval and risk adjustment services for health plans and provider groups was acquired by New Mountain Capital and Ciox Health. Link
  • Medicalis which provides imaging workflow and clinical decision support (CDS) solutions at the enterprise level was acquired by Siemens Healthineers. Link
  • Cardiac Insight which develops point-of-care cardiac diagnostics for sports medicine raised $4.5M in a Series D. Link
  • MPIRICA Washington-based healthcare quality transparency company.has raised $4.6M in funding led by OurCrowd with participation from a private Seattle-based equity fund. Link
  • AIdoc (formerly TailorMed) focussed on developing a platform for radiologists that streamlines medical imaging by creating a single-screen system raised $7 Million in Series B, with funding round led by Israeli VC TLV Partners, with participation from previous investors including Magma Ventures and Emerge. Link
  • Forecast Health which provides health systems with predictive analytics that enable providers to know which patients are likely to end up back at the hospital was acquired by Lumeris. Link
  • Evidation Health which pulls medical, behavioral and contextual data and leverages those to arrive at a quantifiable result of the value of digital health technologies. raised a $10 million funding round led by Sanofi-Genzyme BioVentures, the corporate venture capital arm of Sanofi. Link
  • HealthVerity, a company focused on providing geography directed patient engagement solutions raised $10M in Series B funding. Link
  • Ambient Clinical Analytics which develops and sells decision support tools for healthcare data assimilation, communication, and analytics that support the ICUs, ERs, ORs raised a $5.4M Series A Funding Round led by Waterline Ventures and Bluestem Capital, with participation from Social Capital. Link
  • Artemis Health which helps self-insured employers reduce healthcare spending by extracting value from their healthcare benefits data raised $8.3 million in a new round of funding led by Maverick Ventures. Link
  • NarrativeDx, a cloud-based platform that helps healthcare administrators improve their care based on what patients say about the care services they receive raised an undisclosed amount in Series A funding led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Link
  • Modernizing Medicine, a healthcare information software provider backed by IBM and Pentland Group received a funding of $231M from Warburg Pinacus. Link

SOME INTERESTING STARTUPS FOUND

DoQme  (2017, Tel Aviv) – Leverages statistical algorithms and user experience techniques to help the doctor start the diagnosis phase.
Dynamic Health (2016, Cambridge) – Offers chronic disease management using patient-generated behavioral data and evidence-based technologies.

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
Modernizing Medicine (2010, Boca Raton, $328.74M) – 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.
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.

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 # 99 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE IT

  • CloudMine, a secure data enablement platform that helps healthcare and pharmaceutical organizations to build intelligent, connected solutions raised $7.3M in Series A round. Link
  • Care Management Technologies, a behavioral health management company that delivers analytics-based actionable information was acquired by E-learning giant Relias Learning. Link
  • ArroHealth, a provider of chart retrieval and risk adjustment services for health plans and provider groups was acquired by New Mountain Capital and Ciox Health. Link
  • Murj offers a software platform to manage implantable cardiac devices was backed by $4.5M in new venture financing. Link
  • Medicalis which provides imaging workflow and clinical decision support (CDS) solutions at the enterprise level was acquired by Siemens Healthineers. Link
  • Twine Health, an MIT Media Lab spin-off, is a self-care management software platform for chronic diseases that works in collaboration with clinicians raised $1.5M. Link
  • ZappRx which provides a secure collaborative online platform that allows patients, physicians and pharmacists to coordinate and improve patients’ access to treatment and medicine raised $25M in Series B funding led by Qiming US Healthcare Fund. Link
  • Sensara which offers an intelligent senior lifestyle monitoring for preventive care and personalized alarm services, based on movement sensors and self-learning algorithms raised $4.07M from Van Herk Ventures and KPN Ventures. Link
  • Somatus, a software enabled concierge services company to help manage chronic kidney disease raised $5M in Series A funding. Link
  • Genie is a fully integrated Appointments, Billing and Clinical Management software program for Australian health professionals raised $50M from private equity firm IFM Investors. Link
  • Wellmo offers a mobile health solution connecting insurance companies and health service providers with their members through a customer-branded mobile app, raised $1.4M from institutional and private investors. Link
  • Cardiac Insight which develops point-of-care cardiac diagnostics for sports medicine raised $4.5M in a Series D. Link
  • Niramai is developing an AI-based early stage breast cancer screening device raised undisclosed seed funding in a round that was led by pi Ventures and included Ankur Capital, Axilor Ventures, 500 Startups and Flipkart co-founder Binny Bansal. Link
  • Doc Halo, a  HIPAA-compliant, secure texting and messaging app for healthcare organizations raised $11M in Series A funding from  Bain Capital Ventures and Refinery Ventures. Link
  • C3healthcareRx, helps hospitals by providing a care logistics platform that allows them to extend their envelope of care to the home for challenging, high-risk patients raised $1.95M in a private equity offering. Link
  • MPIRICA Washington-based healthcare quality transparency company.has raised $4.6M in funding led by OurCrowd with participation from a private Seattle-based equity fund. Link
  • AIdoc (formerly TailorMed) focussed on developing a platform for radiologists that streamlines medical imaging by creating a single-screen system raised $7M in Series B, with funding round led by Israeli VC TLV Partners, with participation from previous investors including Magma Ventures and Emerge. Link
  • Forecast Health which provides health systems with predictive analytics that enable providers to know which patients are likely to end up back at the hospital was acquired by Lumeris. Link
  • Evidation Health which pulls medical, behavioral and contextual data and leverages those to arrive at a quantifiable result of the value of digital health technologies. raised a $10M funding round led by Sanofi-Genzyme BioVentures, the corporate venture capital arm of Sanofi. Link
  • HealthVerity, a company focused on providing geography directed patient engagement solutions raised $10M in Series B funding. Link
  • Ambient Clinical Analytics which develops and sells decision support tools for healthcare data assimilation, communication, and analytics that support the ICUs, ERs, ORs raised a $5.4M Series A Funding Round led by Waterline Ventures and Bluestem Capital, with participation from Social Capital. Link
  • Mabu, a personal healthcare companion for checking medication adherence and provide psychological help, raised seed extension round of $2.5M from Khosla Ventures. Link
  • QoC Health offers a patient-centered platform-as-a-service technology for healthcare organizations raised an undisclosed amount from Epic Capital Management and Bayshore HealthCare. Link
  • eRelevance which offers a web and mobile patient engagement service after the point of care for healthcare providers raised $5.1M in Series B funding from Rally Ventures, Capital Factory, Chicago Ventures,  Martin Investment Holdings and Miramar Ventures. Link
  • Artemis Health which helps self-insured employers reduce healthcare spending by extracting value from their healthcare benefits data raised $8.3M in a new round of funding led by Maverick Ventures. Link
  • NarrativeDx, a cloud-based platform that helps healthcare administrators improve their care based on what patients say about the care services they receive raised an undisclosed amount in Series A funding led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Link
  • Modernizing Medicine, a healthcare information software provider backed by IBM and Pentland Group received a funding of $231M from Warburg Pinacus. Link
  • Vivid Vision, previously Diplopia (or ApolloVR), develops VR games that work with Oculus Rift Leap Motion/Xbox controller, to restore depth vision in people with Amblyopia (lazy-eye) and Strabismus (Crossed-eye) raised $2.2M in seed funding from The Venture Reality Fund, CRCM Ventures, SOS Ventures, Anorak Ventures and Liquid 2 Ventures. Link
  • PolicyStat which provides SaaS-based policy and procedure management solution for healthcare industry was acquired by iContracts, a portfolio company of Susquehanna Growth Equity. Link
  • Updox which provides a secure communication platform for physicians that is fully integrated with their EHR software raised $12.7M from Rev1 Ventures. Link
  • NueroTrack which offers computer-test for early diagnosis of Alzheimer’s Disease raised $6.5M Series B from Khosla Ventures, Social Capital, Founders Fund, AME Cloud Ventures and iSeed Ventures. Link
  • Sycle which offers audiology practice management solution acquired by Cochlear for $56M. Link
  • HealthReveal which 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 raised Series A funding of $11.3M from GE Ventures and joined by Greycroft Partners and Flare Capital Partners. Link
  • HealthLoop which provides a SaaS based care management platform and an analytics engine that enables medical practices to monitor patient health signs and symptoms raised $8.4M in new funding from iCarbonX DigitalLife Alliance, NextEquity, Lafayette General Hospital through its Health Innovation Fund, Canvas Ventures, and Summation Health Ventures. Link

SOME INTERESTING STARTUPS FOUND

EyeMind  (2017, Tel Aviv) – A VR-based platform to diagnose and monitor ADHD.
Epitomyze (2017, SFO) – Offers clinical photography and medical image solutions.

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 # 100 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • 51Yund, a fitness app to track running, raised $14.5M in a Series C funding round led by Nokia Growth Partners and Xiaomi. Link
  • SunPig, an online platform to book gym services, has raised $5M in a Series A financing round led by 1898 Venture Capital, Kay Letter Capital, and Fire Orange Capital. Link
  • Simple Habit, a mobile-based meditation app, has raised $2.5M in a seed funding round led by New Enterprise Associates, FJ Labs, Foundation Capital, Dropbox CEO Drew Houston, and  Gusto CEO Joshua Reeves. Link
  • Glofox, a company offering gym and studio management software, has raised $2.2M in a Series A funding round led by Notion Capital, Tribal VC, Enterprise Ireland, and Partech Ventures. Link
  • Yunmai which offers smart weighing scale has closed a Series B funding round of $1.5M led by Future Capital and Xinwen Capital. Link
  • Nutrifix, an app which recommends healthy recipes and locates healthy meals at nearby locations, has raised $187K in equity crowdfunding on Crowdcube. Link
  • Apple acquired Beddit, a maker of sleep-tracking hardware and software. Link
  • Adidas released the beta version of All Day, an app focussed towards fitness, nutrition, and mental wellness. Link
  • Apple becomes world’s top wearable company overtaking Fitbit, according to a report by Strategy Analytics. Link
  • GOQii takes over Xiaomi to become largest vendor in the Indian wearables market in Q4 2016, according to a recent report by research firm IDC. Link

SOME INTERESTING STARTUPS FOUND

NanoRun (2016, Tel Aviv) – NanoRun is developing an aerobic exercise device with embedded movement sensors. The product is in the development stage as of May 2017.
HyFit (2016, Tel Aviv) –  HyFit is wearable gym device for suspension workout training and tracking which tracks burnt calories, heart rate, and exercises repetition count.

LEADER BOARD – FITNESS AND WELLNESS

Physical Fitness – Tracking & Monitoring
Jawbone (SF,1999, $1B) – Fitness wristband with an 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 Fitness – Fitness Services
ClassPass  (NYC, 2011, $84M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 18 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.
KFit (Kuala Lumpur, 2015, $15M) – Membership pass for various gyms and fitness studios. Backed by   Sequoia Capital, 500 Startups, SIG, Mavcap, Asia Venture Group, SXE Ventures, InnoVen Capital, SEGNEL Ventures, Intres Capital, and Venturra Capital.

Physical Fitness – Training & Planning
Keep (Beijing, 2014, $37M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, and Bertelsmann Asia Investment Fund.
Hotbody (Beijing, 2014, $27M) – 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 fitness, yoga, meditation, and healthy cooking videos. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.

Physical Fitness – Exercising Solutions
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.
Zwift (London, 2014, $45M) – Indoor cycling workouts with gamification. Backed by Shasta Ventures, COLOPL, Samchuly, Waypoint, and Novator Partners.
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 Fitness – 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.

Content Platforms
Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital.
Greatist (NYC, 2011, $8M) – Digital media company publishing health & fitness content. Backed by  StartUp Health, Floodgate, Vayner RSE, and Riverpark Funds.

Tools for Fitness Professionals
Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centers. 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, Javelin Venture Partners, and DFJ Frontier.

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

Mind & Body Wellness- Sleep Management
Hello (SF, 2012, $32M) – Sleep behaviour tracking. Backed by Temasek and Forward Partners.

Mind & Body Wellness – Stress Management
Happify (NYC, 2011, $14M) – Platform for improved mental & emotional health through gamification. Backed by Founder Collective, b-to-v Partners, Mangrove Capital Partners, TA Ventures, and Bridge Builders Collaborative.

Mind & Body Wellness – Mindfulness & Meditation
Headspace (LA, 2010, $39M) – Guided meditation sessions and mindfulness training. Backed by Allen & Company, WME Entertainment, Advancit Capital, Broadway Video, Deerfield, Breyer Capital, and Refactor 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.

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 # 101 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Royal Philips inked a deal to acquire RespirTech, a developer of airway clearance solutions, for an undisclosed amount. Link
  • Novanta, a developer of photonic and motion control technologies, has agreed to acquire the German World of Medicine (WOM) for €115M. Link
  • OSI Systems has agreed to acquire the global explosive trace detection (ETD) business from Smiths Group for $75.5M. Link
  • BarioSurg, a developer of gastric vests for the treatment of obesity, was acquired by EnteroMedics in pre-market trading. Link
  • Finesse Medical, a developer of wound care products, was acquired by Avery Dennison, for an undisclosed amount. Link
  • MedicaMetrix, a developer of POC devices for the assessment of PSA density, is to be acquired by Cardiff International. Link
  • Earlens Corporation, a developer of light driven hearing aids, raised $118M – $73M in a Series C financing round, and an establishment of a debt facility with CRG LP for up to $45M. Link
  • Intrinsic Therapeutics, a developer of Barricaid Anular Closure Device, used in spinal surgeries to remove a herniated disc, raised $49M in equity and debt rounds.  Link
  • Impulse Dynamics, a developer of Optimizer implant which enhances the heart’s ability to contract, treating chronic heart failure, raised $45M in an equity round. Link
  • Senseonics, a developer of Eversense, an implantable continuous glucose monitoring system, raised $41M supported by New Enterprise Associates and Roche. Link
  • Ethicon, a J&J company, received FDA approval for its Surgicel Powder Absorbable Hemostat. Link
  • Boston Scientific received FDA approval for its Resonate line of implantable cardioverter defibrillators (ICD) and cardiac resynchronization therapy defibrillators (CRT-D). Link
  • Soterix Medical received FDA 510(k) clearance for its IontoDC device, designed to use direct current to infuse ions of soluble salts and other drugs into the body. Link
  • Claret Medical received FDA de novo clearance for its Sentinel TAVR filter, designed to trap blood clots before they reach the brain during heart valve replacement procedures. Link
  • Shockwave Medical received CE mark for its Coronary Lithoplasty System, which facilitates in placing stents into coronary arteries in patients with calcified plaque. Link
  • Stimwave Technologies received the CE Mark for its SandShark, a percutaneous injectable anchor system, for the treatment of chronic pain. Link

SOME INTERESTING STARTUPS FOUND

SafeHeal (Unfunded, Paris, 2015) – A flexible bypass sheath for anastomosis protection
KE2 Technologies (Unfunded, Greater Sudbury, 2015) – Portable and non-invasive hemodynamic monitoring devices

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 # 102 – Consumer HealthTech

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH

  • Clover Health, a health insurance startup, raised $130M in a round led by GV and other investors. Link.
  • Babylon Health, a digital platform that combines AI and telemedicine, raised $60M in a round led by Vostok New Ventures, Kinnevik and NNS Holdings. Link
  • ScriptDash, a digital pharmacy, has rebranded itself as Alto Pharmacy and raised $23M in a round led by Greenoaks Capital. Other investors include Jackson Square Ventures, DST, Meritech Capital, Y Combinator, among others. Link
  • Capsule Pharmacy, a digital pharmacy, raised $20M in a round led by Thrive Capital, with participation from Sound Ventures and Virgin Group. Link
  • DocPlanner, an online doctor appointment booking platform, raised $17M in a round led by Enern Investments with participation from One Peak Partners and existing investor Target Global. Link
  • Aira, a smart eye-wear that provides remote assistance for visually impaired, raised $12M in a round led by Jazz Venture Partners and, Arboretum Ventures. Other investors include Lux Capital, ARCH Venture Partners, Felicis Ventures, National Federation of the Blind. Link
  • Rested, a mobile application for sleep apnea risk assessment, raised $7M from undisclosed investors. Link
  • MyHealthTeams, a Social networking platform for people affected by chronic conditions, raised $7M in a round led by Qiming Venture Partners. Other participating investors include 500 Startups, Adams Street Partners, CVS Health, Westly Group and HealthTech Capital. Link
  • Beddit, a smart sensor track sleep has been acquired by Apple. Link
  • Hello, a smart device to track sleep behavior, announced that the company will soon be ceasing operations. Link

SOME INTERESTING STARTUPS FOUND

Zoon (2016, San Mateo) – Mobile application for sperm analysis.
Hellocare (2016, La Ciotat, $1M) – Telemedicine platform.

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 U.S. News, Summit Partners, Comcast Ventures, VantagePoint Capital Partners, Peacock Equity, Kaiser Permanente Ventures, Mitsui, Trinity Capital Investment, Investor Growth Capital, PeakSpan Capital, REV.

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, $320M) –  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   Summit Partners, Wells Fargo, TomorrowVentures, Heritage Group, Claritas Capital, OPRAH, Arsenal Venture Partners, Galen Partners, HCA, HMSA, Wellington Management, Swiss Re, New Evolution Ventures, Sony Pictures Television, and Trinity Health.
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, Matrix Partners China, and K2VC (Xianfeng Evergreen).
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 Sequoia Capital, ZhenFund, Ceyuan Investment Consulting, By-Health, Haitong International Securities Group, Tisiwi Ventures, and Bertelsmann Asia Investment Fund.
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 Canaan Partners, Mayo Clinic, Rock Health, Kaiser Permanente Ventures, Endeavour Vision, 5AM Ventures, Emergent Medical Partners, NCI, Fountain Healthcare Partners, Mission Bay Capital, GE Ventures, Labuan IBFC, Cota Capital, Xeraya Capital, Mayo Clinic Ventures, and Hikma 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 and Bertelsmann Asia Investment Fund.
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  Pritzker Group, Slow Ventures, Armada Investment, Breyer Capital, Slow Ventures, March Capital Partners, Singulariteam, and HashTag One.
Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Lux Capital, Abundance Partners, Montage Ventures, Goodwater Capital, Streamlined Ventures, Summation Health Ventures, QueensBridge Venture Partners, and Sound Ventures.

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   Goldman Sachs, Morningside Group, Tencent, Fosun International, Hillhouse Capital, Shandong Tyan Home, Qiming Venture Partners, CDB Capital, Fosun Kinzon Capital, Morningside venture Capital, and F&H Fund Management.
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  Khosla Ventures, Atomico, Goldman Sachs, Founders Fund, DST Global, Bezos Expeditions, Vast Ventures, Baillie Gifford, Social Starts, Haystack Partners.

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  Fidelity Investments, Khosla Ventures, Goldman Sachs, Founders Fund, General Catalyst Partners, Thrive Capital, Glynn Capital, Lakestar, Western Technology Investment, Red Swan Ventures, Formation 8, CapitalG, Breyer Capital, Wellington Management, Darwin Ventures, The Cambria Group, Lerer Hippeau Ventures, Ping An Ventures, BoxGroup, Nima Capital, 8VC, and Brainchild.

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,  Brightstone Venture Capital, 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  JD.Com, Orient Securities, Tuspark Ventures, Nine co-venture, Greenwoods Investments, Grand Yangtze Capital, Govtor Capital, and Share Capital.
Yiyao  (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.Backed by China Equity Group, and Ivy Capital, ClearVue Partners.
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, Thrive Capital, True Ventures, Kapor Capital, Rock Health, Homebrew, BAM Ventures, NFX Guild, Syno Capital, and 8VC.
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 Accel Partners, Atlantic Labs, TA Ventures, and CLI Ventures.

CLINICAL TRIAL ENROLLMENT
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 # 103 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • HealthLoop which provides a SaaS-based care management platform and an analytics engine that enables medical practices to monitor patient health signs and symptoms raised $8.4 million in new funding from iCarbonX DigitalLife Alliance, NextEquity, Lafayette General Hospital through its Health Innovation Fund, Canvas Ventures, and Summation Health Ventures. Link
  • QuickFlo Health which offers a decision support platform for faster triaging of, stroke patient raised $698,552 for working capital and future acquisitions. Link
  • InsightRX, a precision medicine company which offers to optimize drug dosage for the individual patient raised funding from OSF, Ventures and Greatpoint Ventures Innovation Fund. Link
  • Omnicell which provides automated patient-centric medication and supplies management and business analytics solutions for healthcare organizations raised Post-IPO funding. Link
  • Upfront Healthcare which offers a data analytics platform to help clinics schedule and allocate resources raised $6 million in Series A funding from Martin Ventures, Nashville Capital Network,  Hyde Park Venture Partners, Echo Health Ventures. Link
  • Ivbar, an analytics solution to monitor resource utilization and health outcomes for patients raised $5.8M in an equity investment round from Summa Equity. Link
  • NarrativeDx, a cloud-based platform that helps healthcare administrators improve their care based on what patients say about the care services they receive raised an undisclosed amount in Series A funding led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Link
  • EvidenceCare which provides a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside raised a $5 million funding round led by Auctus Group. Link
  • Voxelcloud which provides automated medical image analysis solutions using AI raised $10M in Series A funding from Sequoia Capital. Link
  • Apri Health which provides clinical analytics solutions to support evidence-based medicine and for business intelligence landed $500,000 in convertible debt financing as it seeks to expand its market focus. Link
  • Medicalis which provides imaging workflow and clinical decision support (CDS) solutions at the enterprise level was acquired by Siemens Healthineers. Link
  • WhiteCloud Analytics, a provider of value-based performance management solution was acquired by online training company Relias Learning. Link
  • Life2, a healthcare focused predictive analytics company that helps caregivers predict and manage future health risk raised $1.5 million in Series A financing from MDI Ventures. Link
  • CancerGene Connect, a cloud-based, SaaS provider of genetic counseling productivity tools and systems was acquired by Invitae Corporation. Link

SOME INTERESTING STARTUPS FOUND

EyeMind  (2017, Tel Aviv) – A VR-based platform to diagnose and monitor ADHD.
Haylo (2017, Brisbane) – An AI-based app to predict differential diagnosis for patients.

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
Modernizing Medicine (2010, Boca Raton, $328.74M) – 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.
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.

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 # 104 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE IT

  • Conversa Health, a personalized patient engagement platform that helps enables providers to educate and empower patients raised $8M in Series A round led by Northwell Ventures, the corporate venture arm of Northwell Health, with participation from Epic Ventures, Healthgrades. Link
  • QuickFlo Health which offers a decision support platform for faster triaging of, stroke patient raised $698,552 for working capital and future acquisitions. Link
  • InsightRX, a precision medicine company which offers to optimize drug dosage for the individual patient raised funding from OSF, Ventures and Greatpoint Ventures Innovation Fund. Link
  • Hospicesoft, a supplier of cloud-based software for hospices was acquired by Optima Healthcare Solutions, a leading provider of cloud-based software for post-acute care providers. Link
  • Vericred, a technology-enabled information services company that offers healthcare provider information raised $5.5M from FCA Venture Partners. Link
  • Upfront Healthcare which offers a data analytics platform to help clinics schedule and allocate resources raised $6 million in Series A funding from Martin Ventures, Nashville Capital Network,  Hyde Park Venture Partners, Echo Health Ventures. Link
  • Omnicell which provides automated patient-centric medication and supplies management and business analytics solutions for healthcare organizations raised Post-IPO funding. Link
  • EvidenceCare which provides a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside raised a $5 million funding round led by Auctus Group. Link
  • Vital Connect, a medical device and healthcare solutions company applying biosensor technology and data management systems to aid in decision-making paradigms of physicians $33 million in Series C funding from  Baxter Ventures, MVM Life Science Partners. Link
  • Ivbar, an analytics solution to monitor resource utilization and health outcomes for patients raised $5.8M in an equity investment round from Summa Equity. Link
  • NarrativeDx, a cloud-based platform that helps healthcare administrators improve their care based on what patients say about the care services they receive raised an undisclosed amount in Series A funding led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Link
  • Voxelcloud which provides automated medical image analysis solutions using AI raised $10M in Series A funding from Sequoia Capital. Link
  • Viz is an AI medical imaging company that helps optimize emergency treatment raised $8 million from Danhua Capital, Innovation Endeavors, and AME Cloud. Link
  • Apri Health which provides clinical analytics solutions to support evidence-based medicine and for business intelligence landed $500,000 in convertible debt financing as it seeks to expand its market focus. Link
  • Carrum Health provides employers with a cloud-based marketplace platform that directly connects employers of all sizes to high-value care providers, full episode of care bundled payments and big data analytics raised $7M from Wildcat Venture Partners, SJF Ventures, and SpringRock Ventures. Link
  • HelloWallet improves the performance of organizations by providing independent guidance that aligns corporate spending with human capital needs was acquired by KeyBank. Link
  • Kinnser software offers web-based software solution for point of care, billing and administration services to home health agencies was acquired by Mediware. Link
  • Outcome Health formerly called ContextMedia which provides healthcare professionals in chronic disease care with a suite of patient education solutions utilizing the latest digital media technology raised $500M from Goldman Sachs, CapitalG and Pritzker Group Venture Capital. Link
  • eVisit, a telemedicine patient engagement software platform for small to medium sized healthcare provider practices raised $2 million in early stage funding from venture capital firms Kickstart Seed Fund, Arizona Founders Fund. Link
  • Medicalis which provides imaging workflow and clinical decision support (CDS) solutions at the enterprise level acquired Siemens Healthineers. Link
  • Conduit Technology, a leading provider of documentation and workflow solution as acquired by the leading provider of cloud-based software to improve business and clinical performance of post-acute care organizations. Link
  • WhiteCloud Analytics, a provider of value-based performance management solution was acquired by Bertelsman. Link
  • Digital Pharmacist, a provider of the SaaS solutions to community pharmacies to manage customer relationships and increase online presence raised $6.5M in series B financing round led by Activate Venture Partners in New York City, NY and LiveOak Venture Partners in Austin. Link
  • Life2, a healthcare focused predictive analytics company that helps caregivers predict and manage future health risks raised $2M in Series A financing from MDI Ventures. Link
  • Athena Health entered into a definitive agreement to acquire Praxify Technologies, a Palo Alto-based EHR optimization company for approximately $63M in cash. Link
  • ABI Health, part of AB Innovative, provides a suite of healthcare products and services to healthcare provider raised a $1M funding round by Norwest. Link
  • Mevia which develops intelligent solutions for the pharma cos, pharmacies and consumers to monitor medication adherence raised $426K from  K-Svets and Chalmers Ventures. Link
  • Carena, a telemedicine company that offers web and mobile app-based video consultation with the doctor raised a $6M Series A Funding Round led by Mckesson Ventures, Catholic Health Initiatives and Cambia Health Solutions. Link
  • Digital pharmacy startup ScriptDash got a new name this week, along with $23 million in Series B financing. Link
  • NowRx which provides an online platform for ordering medicines within an hour raised $2 million in seed funding. Link
  • CancerGene Connect, a cloud-based, SaaS provider of genetic counseling productivity tools and systems was acquired by Invitae Corporation. Link
  • Figure 1, a crowdsourced medical image library that healthcare professionals can use to share, rank, and discuss images raised $10 million in Series B funding from Kensington Capital Partners. Link
  • Omada Health which provides a mobile app for chronic disease prevention, through behavior change programs raised $50M in a round  led by Cigna (NYSE: CI) with participation from new investors Civilization Ventures and Sanofi Genzyme BioVentures, and previous investors U.S. Venture Partners, Andreessen Horowitz, Norwest Venture Partners, Humana, Kaiser Permanente Ventures, Providence Ventures, dRx Capital, and GE Ventures. Link
  • Spry Health, CA-based provider of remote patient monitoring solutions has raised $5.5 million in Series A funding led by Grove Ventures with participation from the Stanford-StartX Fund. Link
  • Osso VR provides a platform for surgical simulation training in virtual reality raised $2M in seed funding in a round led by Signalfire, with participation from Anorak Ventures. Link
  • ChartSpan, a patient-facing personal health record tool, which can import records in various electronic formats, can convert paper records into structured data using machine learning and optical character recognition raised $16 million in new capital led by Cypress Growth Capital. Link
  • Regroup Therapy which provides virtual behavioral health teams to healthcare providers raised $6M. Link

SOME INTERESTING STARTUPS FOUND

Impathiq  (2017, Scottsdale) – Makes a data informatics platform that allows hospitals and health systems to integrate new apps and programs into their electronic medical records in accordance with interoperability standards.
GaitBetter (2017, Tel Aviv) – An early stage company focussed on developing VR simulation-based treadmill solution for improved mobility and reduced falling risks primarily among the elder population.

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 # 105 – Life Sciences- Software

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – LIFE SCIENCE – SOFTWARE

  • ImageIQ, an imaging CRO offering its services for preclinical R&D, clinical trials, product development and process automation was acquired ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials. Link
  • BC Platforms which develops software platforms for next-gen sequencing has raised $10M round led by Debiopharm Innovation Fund and Tesi, a Finnish venture capital and private equity company. Link
  • MedAvante which provides technology-enabled signal detection solutions in clinical trials of treatments for central nervous system (CNS) disorders was acquired by WCG. Link
  • Edico Genome develops bioinformatics processor chip that helps in DNA analysis has raised $22M in Series B funding from Qualcomm Ventures, Axon Ventures and Dell Technologies Capital. Link
  • VerAvanti is developing Scanning Fiber Endoscope (SFE) which may help interventional cardiologists to diagnose individuals at-risk for stroke and cardiovascular events has raised $540K in a seed funding round. Link
  • Scientist (formerly Assay Depot) which operates a network of online markets for outsourcing biomedical research services and supplies has raised $24M in Series C funding from Bootstrap Ventures, 5AM Ventures and Heritage Provider Network. Link
  • Castorwhich is a web-based system that enables researchers to build electronic Case Report Forms (eCRFs) for safe and valid data collection for medical research has raised $1.3M from the European Commission’s Horizon 2020 fund. Link
  • Ovation.io which offers products for knowledge capture and collaboration for scientists to manage data, analyses, notes, protocols, insights and the relationships between each of these items has raised $1.5M in Series A from StageDotO, and existing investor Longfellow Ventures. Link
  • Medrio which offers an integrated eClinical Software as a Service (SaaS) platform with a fully hosted Electronic Data Capture (EDC) system has raised $30 million equity investment from Questa Capital Management. Link.
  • Aces Health, a healthcare tech startup focusing on pharmaceutical and biotech companies, has developed a flagship BYOD app platform that saves critical time and money in the clinical research phase of drug development has raised $75K in Series. Link
  • A US firm MedSource has acquire the data services division of Datatrial, a UK based international biometrics and technology company that supports clinical trials. Link
  • Pine Biotech which has developed a platform named “T-Bio Platform” which integrates all of the omics data types that can be viewed through an interface has raised $1M in seed funding. 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
  • Life sciences consulting firm Parexel is teaming up with Sanofi to research the role of wearables in clinical trials. Link

SOME INTERESTING STARTUPS FOUND

iChemdesign (2016, SFO) – An application for generation of virtual 3D chemical libraries.
Patientiq (2016, Chicago) – An HIPAA compliant analytics application that integrates clinical data from EHR and patient-reported outcomes.
In Silico Laboratory (2016, Ljubljana) – Tool for prediction of protein binding sites and protein-ligand interactions.

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 # 106 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • Spectranetics, a developer of vascular intervention devices, is to be acquired by Royal Philips for $2.16B approximately. Link
  • Novadaq Technologies is to be acquired by Stryker for $700M for its line of fluorescence imaging technology. Link
  • InterValve, a developer of TAVR devices, is to be acquired by Venus Medtech for an undisclosed amount. Link
  • Electrical Geodesics, a developer of EEG devices, is to be acquired by Royal Philips for $36.7M. Link
  • CardioProlific, a developer of peripheral thrombectomy devices, is to be acquired by Royal Philips. Link
  • Spirox, a developer of absorbable nasal implant, is to be acquired by Entellus Medical for $81M. Link
  • Bonesupport, a developer of injectable antibiotic-eluting bone graft substitutes, closed its IPO, raising a total of approximately $57.1M. Link
  • Cobalt Light Systems, a developer of Raman spectroscopic instruments, is to be acquired by Agilent Technologies for $52M. Link
  • Glooko, a developer of a diabetes management platform, raised $35M in a Series C round, led by Insulet and Mayo Clinic. Link
  • Reva Medical, a developer of balloon-expandable and bioresorbable drug-eluting stent, raised $35M in a post IPO round. Link
  • Vertos Medical, a developer of devices for lumbar spinal stenosis, raised $28M in a Series F financing round. Link
  • C.R. Bard received FDA approval for its LifeStream covered iliac stent for treating peripheral artery diseases. Link
  • Infuseon Therapeutics received FDA 510(k) clearance for its CNS drug delivery device. Link
  • ConforMIS received FDA 510(k) clearance for its primary iTotal Hip replacement system. Link
  • Channel Medsystems received the CE Mark for its Cerene cryotherapy endometrial ablation device, for the treatment of heavy menstrual bleeding due to benign causes. Link

SOME INTERESTING STARTUPS FOUND

Pykus Therapeutics (Unfunded, Boston, 2016) –  A dissolvable intraocular device for use during retinal surgery.
SuraMedical (Unfunded, Minneapolis, 2016) – A wearable device for the treatment of chronic leg wounds in the setting of leg edem.

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 # 107 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Spry Health which provides a predictive analytics based monitoring wearable has raised $5.5M Series-A funding led by Grove Ventures with participation from the Stanford-StartX Fund. Link
  • AI startup Mindstrong which offers a behavioral health assessment platform has raised $14M funding led by ForeSite Capital and ARCH Venture Partners with participation from Optum Ventures, Berggruen Holdings and One Mind Brain Health Impact Fund. Link
  • Innovu, a provider of employee health management solution raised $6.5M in financing from an undisclosed investor. Link
  • Sigmacare, a CDSS-integrated EHR provider for long-term care is acquired by MatrixCare. Link 
  • PHEMI which offers big data solutions for healthcare raised $10M from Quark Venture, GF Securities, CTI Life Sciences Fund (CTI), BDC Capital Healthcare Venture Fund, and Yaletown Partners. Link
  • Cyder, a provider of patient flow management software is acquired by Cambio Healthcare. Link
  • Coviti Healthcare which provides analytics-driven payment accuracy solutions for healthcare payers announced an agreement to purchase a value-based payer-provider analytics company RowdMap for $70M. Link
  • Wellframe, an AI-based mobile care management solution provider raised $15M Series-B funding led by F-Prime Capital, with participation from existing investors including DFJ. Link

SOME INTERESTING STARTUPS FOUND

2bPrecise  (2016, Pittsburgh) – A provider of a cross clinical-genomic platform for precision medicine & scientific discovery.
Ibex (2016, Tel Aviv) – An AI-based digital pathology solution for cancer diagnostics.

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
Modernizing Medicine (2010, Boca Raton, $328.74M) – 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
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.

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, Bessemer 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, Guilford, $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, Fairfield, $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.
Evidation (2014, Menlo Park, $31M) – Data analytics platform to assess digital health technologies. Backed by Rock Health, GE Ventures, Sanofi-Genzyme BioVentures, Fresco Capital, B Capital Group and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and understaffing. 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.

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 # 108 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Better Doctor, a centralized hub for provider information raised $11M from Health Catalyst Capital, Vision+, Texo Ventures, SoftTechVC, LifeLine Ventures and B-ForeCapital. Link
  • Innovu, a provider of employee health management solution raised $6.5M in financing from an undisclosed investor. Link
  • Sigmacare, a CDSS-integrated EHR provider for long-term care is acquired by MatrixCare. Link 
  • PHEMI which offers big data solutions for healthcare raised $10M from Quark Venture, GF Securities, CTI Life Sciences Fund, BDC Capital Healthcare Venture Fund, and Yaletown Partners. Link
  • Glooko, a provider of diabetes data management platform raised $35M in Series – C  funding led by Georgian Partners, Insulet Corporation, Mayo Clinic, Canaan Partners, Social Capital, Medtronic, and Samsung NEXT. Link
  • PatientPoint, a provider of patient engagement solutions at the point of care raised $140M from Searchlight Capital Partners and Silver Point Capital. Link
  • Mediware completes the acquisition of Kinnser Software, which provides web-based software solutions for home healthcare organizations. Link
  • emocha which provides medication adherence platform raised $1M seed funding from Propel Baltimore Fund, Kapor Capital, Sand Hill Angels, Baltimore Angels, and Blue Jay Syndicate. Link
  • Myocardial Solutions which provides MRI-based diagnostic software for cardiac diseases raised $5M from undisclosed investors. Link
  • Muses Labs which provides SaaS solutions for personalized combination therapy to Alzheimer’s patients raised $2M from undisclosed investors. Link 
  • Solera Health which provides SaaS for population health management for chronic diseases raised $18.3M in financing from an undisclosed investor. Link
  • ChiroTouch, a leading provider of electronic health records and practice management software for the chiropractic market raised an undisclosed funding from a PE firm Waud Capital Partners. Link
  • CellTrak which provides integrated mobile solutions for home healthcare and hospice industry raised $11M from Boathouse Capital with participation from existing investor MK Capital. Link
  • Healthify which provides a community referral and social determinants management platform raised $6.5M  Series-A funding led by BlueCross BlueShield Venture Partners (BCBSVP) with participation from Primary Venture Partners (PVP) and Activate Venture Partners (AVP). Link
  • Cyder, a provider of patient flow management software is acquired by Cambio Healthcare. Link
  • Coviti Healthcare which provides analytics-driven payment accuracy solutions for healthcare payers announced an agreement to purchase a value-based payer-provider analytics company RowdMap for $70M. Link
  • Wellframe, an AI-based mobile care management solution provider raised $15M Series-B funding led by F-Prime Capital, with participation from existing investors including DFJ. Link
  • BloomAPI which provides an API platform for healthcare data management raised $2,4M seed funding led by Founders’ Co-op with participation from Y-Combinator, Slow Ventures, Section 32, Liquid 2 Ventures and Parker Conrad. Link

SOME INTERESTING STARTUPS FOUND

TrimAI  (2017, Durham) – Develops website and messaging integrated chatbots for automating patient education, hospital admission, and discharge processes.
Proactive Care (2017, Kfar Saba) – An AI-based patient engagement platform which provides personalized preventive health care plan based on patients’ EHR records.
Carey (2017, NYC) – An AI-based smarter patient treatment delivery platform that can be customized for any treatment, disease, clinic, and hospital.

LEADER BOARD – HEALTHCARE ANALYTICS

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, $78M) – 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.
PatientPoint (1987, Cincinnati, $140M) – Develops patient engagement solutions for healthcare providers at the point of care. Backed by Searchlight Capital, Silver Point Capital, Catterton.

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, $96M) – 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, $168M, 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, $75M) – 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 the Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 109 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • YogaWorks, a company providing offline and online yoga classes, has filed for an IPO in June 2017 to raise $67.5M. Link
  • Peloton Cycle,  an online and app based marketplace for streaming of live bike fitness classes or booking of nearby classes, has raised $325M in a funding round led by Fidelity Investments, True Ventures, Wellington Management and Kleiner Perkins. Link
  • ClassPass, a company providing membership program for fitness classes across multiple gyms and studios, has raised $70M in a funding round led by Temasek. Link
  • Headspace, a mobile application offering guided meditation sessions and mindfulness training, has raised $37M in a funding round led by Spectrum Equity. Link
  • Dream, a wearable device for tracking and improving the sleep quality of the user, has raised $9M in a funding round led by MAIF. Link
  • Light+, a mobile app that provides fitness assistance, has raised $9M in a round led by Puhua Capital. Link
  • Kenzen, a smart patch for health monitoring, has raised $5M in a round participated by Digitalis, Flex, the San Francisco 49ers, Hickory Ventures, Gaingels, and the Women’s Capital Connection. Link
  • Motiv, a smart ring for health monitoring, has raised $4M from an undisclosed investor. Link
  • Jawbone, a fitness wristband with an algorithm for activity and sleep tracking, has announced on that it is undergoing liquidation proceedings and is shutting down. Link
  • Pact, a gamification-based smartphone app for fitness goal adherence, has shut down. Link

SOME INTERESTING STARTUPS FOUND

Runtopia (2016, Chengdu) – A GPS run tracker which enables users to track their outdoor fitness activities.
Sana (2016, England) –  A smart sleeping mask, to help people with sleeping and neurological disorders.

LEADER BOARD – FITNESS AND WELLNESS

Physical Fitness – Tracking & Monitoring
Fitbit (SF, 2007, IPO) – Wireless wearable sensors to track person’s activities. Went public in 2015.
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.

Physical Fitness – Fitness Services
ClassPass  (NYC, 2011, $154M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 18 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.
KFit (Kuala Lumpur, 2015, $15M) – Membership pass for various gyms and fitness studios. Backed by   Sequoia Capital, 500 Startups, SIG, Mavcap, Asia Venture Group, SXE Ventures, InnoVen Capital, SEGNEL Ventures, Intres Capital, and Venturra Capital.

Physical Fitness – Training & Planning
Keep (Beijing, 2014, $37.5M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, and Bertelsmann Asia Investment Fund.
Hotbody (Beijing, 2014, $27M) – 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 fitness, yoga, meditation, and healthy cooking videos. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.

Physical Fitness – Exercising Solutions
Peloton Cycle (NYC, 2012, $444M) – 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.
Zwift (London, 2014, $45M) – Indoor cycling workouts with gamification. Backed by Shasta Ventures, COLOPL, Samchuly, Waypoint, and Novator Partners.
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 Fitness – 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.

Content Platforms
Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital.
Greatist (NYC, 2011, $8M) – Digital media company publishing health & fitness content. Backed by  StartUp Health, Floodgate, Vayner RSE, and Riverpark Funds.

Tools for Fitness Professionals
Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centers. 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, Javelin Venture Partners, and DFJ Frontier.

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

Mind & Body Wellness- Sleep Management
Sleep Number (Minneapolis, 1987, IPO) – Smart bed to track sleeping pattern. Went public in 1987.

Mind & Body Wellness – Stress Management
Happify (NYC, 2011, $14M) – Platform for improved mental & emotional health through gamification. Backed by Founder Collective, b-to-v Partners, Mangrove Capital Partners, TA Ventures, and Bridge Builders Collaborative.

Mind & Body Wellness – Mindfulness & Meditation
Headspace (LA, 2010, $74M) – Guided meditation sessions and mindfulness training. Backed by Allen & Company, WME Entertainment, Advancit Capital, Broadway Video, Deerfield, Breyer Capital, and Refactor 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.

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 # 110 – Medical Devices

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • NxStage Medical, a developer of home and critical care dialysis systems, is to be acquired by Fresenius for $2B. Link
  • TearScience, an ophthalmalogical medical device maker, is to be acquired by Johnson & Johnson‘s Vision business. Link
  • RTI Surgical sold its cardiothoracic closure business to A&E Advanced Closure systems for $60M. Link
  • KB Medical, a developer of robotic arm for assistance in spinal procedures, is to be acquired by Globus Medical. Link
  • CAS Medical System sold its non-invasive blood pressure monitoring tech portfolio to SunTech Medical for $4.5M. Link
  • Entellus Medical, a developer of products for treating chronic sinusitis, raised $50M in a Post IPO round. Link
  • Silk Road Medical, a developer of neuroprotaction devices for the Transcarotid artery revascularization procedure, raised $47M in a Series F round, led by  Norwest Venture Partners and funds managed by Janus Capital Management. Link
  • Amphora Medical, a developer of devices for the treatment of overactive bladder, raised $35.5M in a Series B round led by Longitude Capital and Boston Scientific Corporation. Link
  • Allurion Technologies, a developer of procedureless gastric balloon for weight loss, raised $27M in a Series C round led by Romulus Capital. Link
  • Simplify Medical, a developer of cervical artificial disc, raised $21M in a Series B round led by Life Sciences Partners. Link
  • Neuros Medical, a developer of neurostimulation therapy for chronic neuropathic pain, raised $20M in a Series A round led by U.S. Venture Partners. Link
  • Medtronic received FDA and CE Mark approval for its Avalus pericardial aortic surgical valve designed to treat aortic valve disease. Link
  • Aum Cardiovascular received FDA 510(k) clearance for its Cadence heart device designed to detect heart murmurs. Link
  • Spectranetics received FDA PMA approval for its Stellarex drug-coated balloon designed to treat patients with peripheral arterial disease. Link

SOME INTERESTING STARTUPS FOUND

Edge Surgical ($1.4M, Chicago, 2015) –  A digital depth gauge for the measurement of bones.
Xact Medical (Undisclosed, Cincinnati, 2016) – A robot-assisted needle delivery system.

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 # 111 – Consumer HealthTech

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH

  • CarePayment, a healthcare finance company, secured $90M in debt from Comvest Capital. Link.
  • Headspace, a mobile application offering guided meditation sessions and mindfulness training, has raised $37M in a round led by Spectrum Equity. Link
  • Glooko, a diabetes management solution provider, has raised $35M in a round led by Georgian Partners. Link
  • Push Doctor, an online doctor consultation platform, has raised $26M from a syndicate of global investors. Link
  • Kry, an online telemedicine platform, has raised $23M in a round led by Accel. Link
  • Ottonova, a health insurance provider has raised $12M in a round participated by Debeka, Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, BtoV and STS Ventures.Link
  • Yao123.Com, an online pharmacy store has raised $18M in funding. Link
  • ChartSpan, a personal health record company, has raised $16M in a round led by Cypress Growth Capital. Link
  • 1mg, an Online hyperlocal pharmacy marketplace with doctor listing and tele-consultation platform, has raised $15M in a round led by HBM Healthcare Investments. Link
  • Viome, a Machine learning based bioinformatics solutions, has raised $15M in a round led by Khosla Ventures. Link
  • Gravie, a health insurance marketplace, has raised $14M in a round led by Split Rock Partners. Link
  • Intuition Robotics, the developer of a social robot that acts as a companion for the elderly, has raised $14M in a round led by Toyota Research Institute. Link
  • Arivale, a provider of direct-to-consumer genetic testing, has raised $14M. Link
  • Biovotion, the developer of a Wearable vital sign monitoring device, has raised $13M in a round led by Swiss Re. Link
  • Impact Health, a health insurance comparison provider using predictive modeling, has raised $13M in a round from Techstars Central and Foundry Group. Link
  • Day Two, a health-tech company providing personalized nutrition recommendations, has raised $12M. Link
  • Maven, a  telemedicine app that caters to the healthcare needs of women, has raised $11M in a round led by Spring Mountain Capital. Link
  • Circulation, a provider of on-demand medical transportation, has raised $10.5M in a round co-led by Flare Capital Partners and The Providence Service Corporation. Link
  • Your.MD, an m-health company, has raised $10M in a round led by Orkla Ventures. Link
  • Haohushi, an online platform to book nurses for home care services, has raised $9M. Link
  • Rythm, developer of Dreem, a wearable sleep tracking device, has raised $9M from private investors. Link
  • DocASAP, an online platform to book doctor and dentist appointments, has raised  $9M. Link
  • CirrusMD, a telemedicine company, has raised $7M in a round led by Colorado Impact Fund. Link
  • Buoy Health, a AI-powered platform for self-diagnosis of medical symptoms, has raised $7M in a round led by F-Prime Capital Partners. Link
  • WebMD, an online health related information for patients and providers, has been acquired by KKR. Link
  • Best Doctors, a second opinion platform, has been acquired by Teladoc. Link
  • Helix, a genetic sequencing company, has launched the first online marketplace for DNA-powered products by forging partnerships with various companies. Link

SOME INTERESTING STARTUPS FOUND

Qolware (2017, Munich) – Health monitoring and emergency alarm system for smartwatch
PKvitality (2017, Paris) – Connected watch for tracking blood glucose

LEADER BOARD – CONSUMER HEALTH TECH

PERSONAL HEALTH MANAGEMENT
ONLINE INFORMATION SEARCH
Medical Content Providers
WebMD (1996, NYC, Acq.) – 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 U.S. News, Summit Partners, Comcast Ventures, VantagePoint Capital Partners, Peacock Equity, Kaiser Permanente Ventures, Mitsui, Trinity Capital Investment, Investor Growth Capital, PeakSpan Capital, REV.

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, $300M) –  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   Summit Partners, Wells Fargo, TomorrowVentures, Heritage Group, Claritas Capital, OPRAH, Arsenal Venture Partners, Galen Partners, HCA, HMSA, Wellington Management, Swiss Re, New Evolution Ventures, Sony Pictures Television, and Trinity Health.
Your.MD (2013, London, $17M) – 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, Matrix Partners China, and K2VC (Xianfeng Evergreen).
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 Sequoia Capital, ZhenFund, Ceyuan Investment Consulting, By-Health, Haitong International Securities Group, Tisiwi Ventures, and Bertelsmann Asia Investment Fund.
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 Canaan Partners, Mayo Clinic, Rock Health, Kaiser Permanente Ventures, Endeavour Vision, 5AM Ventures, Emergent Medical Partners, NCI, Fountain Healthcare Partners, Mission Bay Capital, GE Ventures, Labuan IBFC, Cota Capital, Xeraya Capital, Mayo Clinic Ventures, and Hikma 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 and Bertelsmann Asia Investment Fund.
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  Pritzker Group, Slow Ventures, Armada Investment, Breyer Capital, Slow Ventures, March Capital Partners, Singulariteam, and HashTag One.
Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Lux Capital, Abundance Partners, Montage Ventures, Goodwater Capital, Streamlined Ventures, Summation Health Ventures, QueensBridge Venture Partners, and Sound Ventures.

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   Goldman Sachs, Morningside Group, Tencent, Fosun International, Hillhouse Capital, Shandong Tyan Home, Qiming Venture Partners, CDB Capital, Fosun Kinzon Capital, Morningside venture Capital, and F&H Fund Management.
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  Khosla Ventures, Atomico, Goldman Sachs, Founders Fund, DST Global, Bezos Expeditions, Vast Ventures, Baillie Gifford, Social Starts, Haystack Partners.

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  Fidelity Investments, Khosla Ventures, Goldman Sachs, Founders Fund, General Catalyst Partners, Thrive Capital, Glynn Capital, Lakestar, Western Technology Investment, Red Swan Ventures, Formation 8, CapitalG, Breyer Capital, Wellington Management, Darwin Ventures, The Cambria Group, Lerer Hippeau Ventures, Ping An Ventures, BoxGroup, Nima Capital, 8VC, and Brainchild.

Aggregator
GoHealth Insurance (2001, Chicago, $50M) – Online price comparison and shopping portal for health insurance. Backed by NEP.
Gravie (2013, Minneapolis, $44M) – 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,  Brightstone Venture Capital, 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  JD.Com, Orient Securities, Tuspark Ventures, Nine co-venture, Greenwoods Investments, Grand Yangtze Capital, Govtor Capital, and Share Capital.
Yiyao  (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.Backed by China Equity Group, and Ivy Capital, ClearVue Partners
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, Thrive Capital, True Ventures, Kapor Capital, Rock Health, Homebrew, BAM Ventures, NFX Guild, Syno Capital, and 8VC.
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 Accel Partners, Atlantic Labs, TA Ventures, and CLI Ventures.

CLINICAL TRIAL ENROLLMENT
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 # 112 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Availity, a healthcare information technology company, secured $200M in debt. Link
  • CarePayment, a healthcare finance company, secured $90M in debt from Comvest Capital. Link.
  • Blue Health Intelligence, a health intelligence company, raised $43M in financing from undisclosed investors. Link
  • Gravie, a health insurance marketplace, has raised $14M in a round led by Split Rock Partners. Link
  • Impact Health, a health insurance comparison provider, raised $13M in a round from Techstars Central and Foundry Group. Link
  • Happify Health, the provider of evidence-based behavioral health programs for employers and health plans, raised $9M in a round led by TripleTree Holdings. Link
  • Hinge Health, developer of digital healthcare solutions for employees to recover from musculoskeletal disorders, raised $8M in a round led by Atomico. Link
  • PhysIQ, a personalized physiology data analytics platform, raised $8M in a round led by 4490 Ventures. Link
  • Bright.md, the developer of a virtual physician assistant for hospitals and patients, raised $8M in a round led by B Capital Group. Link
  • iVinci Health, developer of a cloud based patient revenue management system for healthcare providers, raised $7.5M from undisclosed investors. Link
  • Limelight Health, the provider of quote engine solution for health insurance professionals, raised $7M in a round led by MassMutual Ventures. Link
  • Somatix, the provider of analytics software for scanning smoking pattern, raised $6M in a round led by Digitalis Ventures. Link
  • Medicom, a healthcare communications company, has raised $5M from undisclosed investors.Link
  • Silversheet, the provider of Medical credentialing solutions for healthcare organizations, raised $5M in a round led by Summation Health Ventures. Link
  • CloudMedx, a health technology company, raised $4M from undisclosed investors. Link
  • IllumiCare, the provider of clinical and financial intelligence platform at the point of care, raised $4M from undisclosed investors. Link
  • Protenus, the provider of analytics-driven solution for protecting patient privacy and preventing health data breaches, raised $3M in a round led by Kaiser Permanente Ventures. Link
  • UniteOR, a healthcare company that specializes in managing surgical trays in hospital operating rooms, raised $3M. Link
  • Cardiac Insight, developer of point-of-care cardiac diagnostics for sports medicine, raised $3M from undisclosed investors. Link
  • WiserCare, a provider of decision support software for patients and physicians, raised $2.5M from undisclosed investors. Link
  • hearX, the provider of mobile-based hearing test solutions, raised $2M from undisclosed investors. Link
  • InDemand Interpreting, the provider of medical interpretative service, raised $2M from undisclosed investors. Link
  • EazyScripts, a provider of e-Prescribing software for telemedicine providers, raised $2M from Bluff Point Associates. Link
  • PharMerica, a provider of decision support software for dispensing in pharmacy, has entered into an agreement to be acquired by KKR and Walgreens Boots Alliance for $1.4B. Link
  • Allscripts has entered into an agreement to acquire McKesson for $185M. Link
  • EagleDream Health, a cloud-based analytics company, has been acquired by NextGen Healthcare Information Systems for $26M. Link
  • Hemasource, a technology-enabled distributor of medical products, was acquired by Ridgemont Equity Partners. Link
  • Talyst, the provider of pharmacy management solutions to pharmacies and hospitals, was acquired by Swisslog. Link
  • DeVero, the provider of cloud-based electronic health records for home healthcare organizations, was acquired Netsmart Technologies. Link
  • Random42, a provider of AR and VR based scientific communications for healthcare industry, was acquired by Graphite Capital. Link
  • Medisec Software, a healthcare technology provider, was acquired by Clanwilliam Group. Link

SOME INTERESTING STARTUPS FOUND

VLIPPmed (2017, London) – A global Virtual Reality platform that provides healthcare professionals and medical students with access to “real life” immersive training content through an innovative 360° experience.
inRecovery (2017, Santa Monica) – An integrated addiction recovery platform using Blockchain and an AI based intelligence engine.
Kinometrix (2017, Washington D.C.) – A platform for clinicians to assess patients so as to help improve their outcomes.

LEADER BOARD – HEALTHCARE ANALYTICS

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, $77.5M) – 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, $163M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
PatientPoint (1987, Cincinnati, $140M) – Develops patient engagement solutions for healthcare providers at the point of care. Backed by Searchlight Capital, Silver Point Capital, Catterton.

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, $96M) – 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, IPO) – 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, IPO) – 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, $160M) – 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, $520.5M) – 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, $179.5M) – 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, $168M, 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, $75M) – 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, $68.5M) – 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, $41M, Acq.) – Social network for physicians. Acquired by WorldOne in July 2012.

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, $185M) – 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, $92M) – 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 the Healthcare Analytics feed.


Tracxn Healthcare Newsletter # 113 – Medical Devices

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RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • NeoTract, a developer of minimally invasive devices to treat lower urinary tract symptoms, is to be acquired by Teleflex for $1.1B. Link
  • Vertera Spine, a developer of interbody implants for spinal fusion, is to be acquired by NuVasive. Link
  • Minimally Invasive Devices, a developer of Laparoscopic visualization system, is to be acquired by McAfee Capital. Link
  • ClearCorrect, a developer of of clear alignersof clear aligners, is to be acquired by Straumann Group. Link
  • Medi-Line, a developer of active and non-active implants, is to be acquired by Nexeon MedSystems. Link
  • BioQ Pharma, a developer of ready‐to‐use infusible pharmaceuticals for post-surgical pain and sedation, raised $55M in a Series D round led by Madryn Asset Management. Link
  • Establishment Labs, a developer of silicone-filled breast and body shaping implants, raised $55M in a Series D round, led by Madryn Asset Management. Link
  • ElectroCore, a developer of non-invasive vagus nerve stimulation devices, raised $36M in a Series B round. Link
  • SetPoint Medical, a developer of bioelectronic therapy for chronic inflammatory diseases, raised $30M in a Series D round. Link
  • ClaroNav received FDA 510(k) clearance for its NaviENT surgical navigation system designed for endoscopic sinus surgery and skull base surgery. Link
  • NuVasive received FDA 510(k) clearance for its redesigned Magec magnetically controlled growth modulation system. Link
  • Adherium received FDA 510(k) clearance for its smart inhaler monitoring device. Link
  • Smiths Medical received FDA 510(k) clearance for its CADD-Solis wireless ambulatory infusion pump. Link
  • Camber Spine Technologies received FDA 510(k) clearance for its Spira open matrix anterior lumbar interbody fusion device. Link

SOME INTERESTING STARTUPS FOUND

Attune Medical (Unfunded, Chicago, 2017) –  An Esophageal cooling device.
IanTech (Undisclosed, Reno, 2015) – An interventional device for cataract surgery.

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 # 114 – Healthcare Analytics

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RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Cardiac Insight, a developer of diagnostic software and wearable medical devices raised $4.5M in Series C1 funding. Link 
  • MedAware which provides algorithm-rich solutions for the detection and elimination of prescription errors raised $8M in Series A funding from BD (Becton, Dickinson and Company), Gefen Capital, OurCrowd and Yingcheng City Fubon Technology. Link
  • Artemis Health, a company that offers a benefit optimization data platform for employers raised $16M in Series B funding led by F-Prime Capital with participation from previous investors Maverick Ventures and Kickstart Seed Fund. Link
  • GNS Healthcare, a precision medicine company has raised an additional $6M in equity from Amgen Ventures with participation from existing investor Alexandria Real Estate Equities. Link
  • Truvia which provides cloud-based data analytics solutions raised $25M in Series D funding led by McKesson Ventures, with participation from Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. Link
  • Sophia Genetics, a developer of AI technology for clinical genomics raised $30M Series D funding round led by Balderton Capital with participation from 360º Capital Partners and Invoke Capital. Link
  • RemitDATA which provides comparative data analytics technology is acquired by eSolutions for an undisclosed amount. Link
  • NextGen Healthcare has completed the acquisition of EagleDream Health that provides cloud-based analytics solution for $26M. Link

SOME INTERESTING STARTUPS FOUND

Dentistry (2017, Miami) – A provider of AI algorithms to detect caries from x-rays.
Qure.ai (2016, Mumbai) – An AI-based clinical decision support tool to analyze diagnostic images and provide insights.

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
Modernizing Medicine (2010, Boca Raton, $328.74M) – 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

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.

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, Bessemer 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, Guilford, $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, Fairfield, $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.
Evidation (2014, Menlo Park, $31M) – Data analytics platform to assess digital health technologies. Backed by Rock Health, GE Ventures, Sanofi-Genzyme BioVentures, Fresco Capital, B Capital Group and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and understaffing. 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.

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 # 115 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Cardiac Insight, a developer of diagnostic software and wearable medical devices raised $4.5M in Series C1 funding. Link 
  • Swisslog Healthcare Invests in the medication management technology company PipelineRx to establish a strategic partnership. Link
  • MedAware which provides algorithm-rich solutions for the detection and elimination of prescription errors raised $8M in Series A funding from BD (Becton, Dickinson and Company), Gefen Capital, OurCrowd and Yingcheng City Fubon Technology. Link
  • Artemis Health, a company that offers a benefit optimization data platform for employers raised $16M in Series B funding led by F-Prime Capital with participation from previous investors Maverick Ventures and Kickstart Seed Fund. Link
  • Brighter, a software platform connecting patients, providers, and payers raised $21M in Series D funding led by General Catalyst Partners with participation from DAG Ventures and existing investors, Mayfield, Benchmark, and Tenaya. Link
  • AbleTo, a provider of technology-enabled behavioral health solutions raised $36M in Series D funding led by Bain Capital Ventures including Aetna. Link
  • Lumity, a provider of health plans and benefits decision optimization platform has raised $19M in Series B funding led by DFJ, with participation from Social+Capital Partnership and True Ventures. Link
  • GNS Healthcare, a precision medicine company has raised an additional $6M in equity from Amgen Ventures with participation from existing investor Alexandria Real Estate Equities. Link
  • PriorAuthNow, a provider of prior authorization (PA) automation platform raised $3.6M funding round led by NCT Ventures with participation from Detroit Venture Partners (DVP). Link
  • ExplORer Surgical, a provider of intraoperative surgical and interventional procedure workflow management and analytics platform raised $3M Series A funding led by Aphelion Capital with participation from Elliott Management, the University of Chicago, M25 Group, and the Harvard Business School Angels of Chicago. Link
  • Regroup Therapy, a provider of virtual staffing of psychiatrists and mental health professionals raised $6M in Series A funding led by OSF Ventures with participation from Hyde Park Angels, OCA Ventures, HLM Venture Partners, Furthur Fund and Impact Engine. Link 
  • Truveris which provides cloud-based data analytics solutions raised $25M in Series D funding led by McKesson Ventures, with participation from Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. Link
  • Signet Accel, a healthcare interoperability software company raised $8M in Series A funding led by Edison Partners. Link
  • Sophia Genetics, a developer of AI technology for clinical genomics raised $30M Series D funding round led by Balderton Capital with participation from 360º Capital Partners and Invoke Capital. Link
  • Marketware, a provider of SaaS healthcare relationship technology raised $4.5M in Series B funding led by Epic Ventures with participation from Peak Ventures. Link
  • Call9, a provider of emergency medicine raised $24M in Series B funding led by Redmile with participation from Index Ventures, Refactor, Y Combinator and Western Technology Investment. Link
  • NextGen Healthcare has completed the acquisition of EagleDream Health that provides cloud-based analytics solution for $26M. Link
  • RemitDATA which provides comparative data analytics technology is acquired by eSolutions for an undisclosed amount. Link
  • Quest Analytics which provides provider network management software and services is acquired by Vestar Capital Partners. Link
  • Charm Health, a provider of multi-site patient care management system was acquired by Citadel Group for $8.2M. Link
  • T-System, a healthcare technology company is to be acquired by FNFV Group from Francisco Partners for $200M. Link
  • SinfoniaRx, a provider of medication therapy management solutions is acquired by Tabula Rasa for an undisclosed amount. Link
  • Strathspey Crown Holdings has reached an agreement with Alphaeon Corporation to acquire the ShoutMD social media platform in its entirety, including all technology and intellectual property rights. Link

SOME INTERESTING STARTUPS FOUND

SentiAR (2017, St. Louis) – A provider of 3D visualization platform for interventional cardiac procedures.
Genivity (2016, Chicago) – A provider of an AI-based finance planning solution for advisors to analyze health risks and care costs.
FraudScope (2016, Atlanta) –  A provider of an AI-based platform for detecting healthcare fraud, waste, and abuse. 

LEADER BOARD – HEALTHCARE ANALYTICS

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, $77.5M) – 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, $163M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.

PatientPoint (1987, Cincinnati, $140M) – Develops patient engagement solutions for healthcare providers at the point of care. Backed by Searchlight Capital, Silver Point Capital, Catterton.

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, $96M) – 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, IPO) – 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, IPO) – 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, $160M) – 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, $520.5M) – 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, $179.5M) – 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, $168M, 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, $75M) – 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, $68.5M) – 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, $41M, Acq.) – Social network for physicians. Acquired by WorldOne in July 2012.

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, $185M) – 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, $92M) – 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 the Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 116 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • Headspace, a mobile app offering guided meditation sessions and mindfulness training, has raised $37M in Series B funding from Spectrum Equity. Link
  • Happify, an online platform offering solutions for mental & emotional wellbeing, has raised $9M in Series B financing from an undisclosed investor. Link
  • 8 Fit, a mobile app that offers workout and nutrition plans raised $7M in a Series A funding round led by Creandum and Eight Roads Ventures. Link
  • LVL Technologies, a company developing wearable sensors to monitor hydration levels, has raised $7M in a Series A financing round led by the Samsung Catalyst Fund and Maxim Ventures. Link
  • Welltory, a digital health startup offering stress & energy management app, has raised $1M in Angel funding by undisclosed investors. Link
  • PurelyB, a Malaysia-based health & wellness portal raised $300K via equity crowdfunding platform ATA Plus. Link
  • Meditation Studio, an app providing guided meditation lessons, has raised $202K in a seed funding round. Link
  • Voomfit, an online platform to book fitness and wellness services, has raised $193K in an Angel funding round. Link
  • CureFit launched new product Mind.fit to offer meditation and other mental fitness services. Link

SOME INTERESTING STARTUPS FOUND

Gixo (2016, San Francisco) – Gixo offers live video-based fitness classes through the mobile app.
Unyte (2016, Toronto) – Unyte offers a VR environment-based interactive meditation system.

LEADER BOARD – FITNESS AND WELLNESS

Physical Fitness – Tracking & Monitoring
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.
Athos (Redwood City, 2012, $51M) – Smart fitness tracking apparel connected through app. Backed by  Social Capital, MAS Holdings, Lightspeed Venture Partners, Felix Capital, DMC USA LTD, True Ventures, and DCM Ventures.

Physical Fitness – Fitness Services
ClassPass  (NYC, 2011, $154M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 18 other investors.

KFit (Kuala Lumpur, 2015, $15M) – Membership pass for various gyms and fitness studios. Backed by Sequoia Capital, 500 Startups, SIG, Mavcap, Asia Venture Group, SXE Ventures, InnoVen Capital, SEGNEL Ventures, Intres Capital, and Venturra Capital.

Physical Fitness – Digital Fitness Solutions
Keep (Beijing, 2014, $37.5M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, and Bertelsmann Asia Investment Fund.

Hotbody (Beijing, 2014, $27M) – 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 fitness, yoga, meditation, and healthy cooking videos. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.

Physical Fitness – Exercising Solutions
Peloton Cycle (NYC, 2012, $444M) – Fitness bike with access to live and on-demand classes. Backed by  Wellington Management, Fidelity Investments, KPCB, True Ventures, GGV Capital, Balyasny Asset Management, Comcast, L Catterton, Tiger Global Management, Grace Beauty Capital, Tugboat Ventures, and Brand Foundry Ventures.

Zwift (London, 2014, $45M) – Indoor cycling workouts with gamification. Backed by Shasta Ventures, COLOPL, Samchuly, Waypoint, and Novator Partners.
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 Fitness – 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.

Content Platforms
Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital.

Greatist (NYC, 2011, $8M) – Digital media company publishing health & fitness content. Backed by  StartUp Health, Floodgate, Vayner RSE, and Riverpark Funds.

Tools for Fitness Professionals
Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centers. 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, Javelin Venture Partners, and DFJ Frontier.

Commerce
HealthKart (Gurgaon, 2011, $34.5M) –  An online store for fitness and health products. Backed by Kae Capital, Sequoia Capital, Intel Capital, and Omidyar Network.

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

Mind & Body Wellness- Sleep Management
Sleepace (Shenzhen, 2012, $18M) – Connected sleep tracking devices to monitor user’s sleep quality. Backed by Ximalaya, Jingdong Group, Gobi Partners, and AV Capital.

Mind & Body Wellness – Stress Management
Happify (NYC, 2011, $22M) – Platform for improved mental & emotional health through gamification. Backed by btov Partners, Mangrove Capital Partners, Bridge Builders Collaborative, Founder Collective, TA Ventures.

Mind & Body Wellness – Mindfulness & Meditation
Headspace (LA, 2010, $74M) – Guided meditation sessions and mindfulness training. Backed by  Spectrum Equity, Advancit Capital, Allen & Company, Breyer Capital, Broadway Video, Deerfield, WME Entertainment, Refactor 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.

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 # 117 – Medical Devices

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RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • NeoTract, a developer of surgical devices for urological disorders, is to be acquired by Teleflex for $1.1B. Link
  • Apama Medical, a developer of radiofrequency balloon catheter system for the treatment of atrial fibrillation, is to be acquired by Boston Scientific for $175M. Link
  • Vios Medical, a developer of patient monitoring system, is to be acquired by Murata Manufacturing for $102M. Link
  • Micell Technologies, a developer of drug eluting coronary stent, raised $61.8M in a Series D round. Link
  • Sonendo, a developer of dental surgery equipment, raised $50M in a Series F round. Link
  • Rani Therapeutics, a developer of an oral biotherapeutics technology for the oral delivery of large drug molecules, raised $39M in a Series D round. Link
  • ElectroCore, a developer of non-invasive vagus nerve stimulation device, raised $36M in a Series B round. Link
  • EchoNous, a developer of an ultrasound tool for bladder and kidney care, raised $35M in a Series A round led by KKR. Link
  • Cambridge Medical Robotics, a developer of robotic arm for keyhole surgery, raised $26M in a Series A round from existing investors. Link
  • SPR Therapeutics, a developer of peripheral nerve stimulation system, raised $25M in a Series C round led by Frontcourt Ventures. Link
  • Abbott received FDA PMA approval for its FreeStyle Libre Flash glucose monitoring system as a replacement for blood glucose monitoring for adults with diabetes. Link
  • IntelliJoint Surgical received CE Mark approval for its IntelliJoint Hip 3D mini-optical navigation system. Link
  • Peerbridge Health received FDA 510(k) clearance for its Peerbridge Cor wireless electrocardiogram monitor. Link
  • LivaNova received FDA 510(k) clearance for its Optiflow Arterial cannulae. Link

SOME INTERESTING STARTUPS FOUND

Syntilla Medical (2014, Newbury Park) – An implantable radiofrequency coupled neurostimulation system for head pain.
Glyscend (2014, Baltimore) – An orally administered barrier pill for the treatment of diabetes and obesity.

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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