A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE IT
- HeartFlow, cardiovascular diagnostics company raised a funding of $100M in Series D. Link
- Livongo Health, a cloud-connected glucose meter to manage diabetes raised a funding of $49.5M in Series C in two tranches with investments from Merck Global Health Innovation Fund, Cowen Private Investments, Sapphire Ventures, Wanxiang America Corp. and Zaffre Investments. Link
- Early Sense, a contact-free patient monitoring solution raised a funding of $25M in Series G with investments led by Israel’s largest bank, Bank Hapoalim, with participation from Pitango Venture Capital, JK&B Capital and other previous investors. Link
- Centauri Health Solutions, technology Platform providing data management designed specifically for risk adjustment and quality-based revenue programs raised a funding of $50M in a PE round by Silver Smith Capital. Link
- Eligible, API for insurance verification raised a funding of $25.2M in Angel Funding. Link
- League, digital health platform that connects people to trusted health and wellness providers raised a funding of $25M in Series A led by Omers Ventures, with participation from Infinite Potential Technologies; Real Ventures; and BDC IT Venture Fund as well as strategic investors RBC, owner of Citi National; John Hancock’s parent company, Manulife Financial; and Power Financial Corporation. Link
- Simplee, an enterprise cloud platform (SimpleePay) that enables healthcare payments raised a funding of $20M in Series C from existing investors 83North and Heritage Group, and new investor American Express Ventures. Link
- Apixio, a software solution that enables healthcare organizations and their health plan affiliates to optimize reimbursement revenue for their Medicare advantage members raised a funding of $19.3M in Series D led by SSM Partners with participation from First Analysis and Bain Capital Ventures. Link
- Jiff Enterprises, a digital health apps platform for self-funded employers raised funding of $17.7M in the second tranche of Series C. Link
- Envera Health, a care coordination platform and a call center staffed by Envera nurses, decision support tools, as well as analytics and reporting raised funding of $14M in Series B led by Harbert Venture Partners and Noro-Moseley Partners with participation from New Richmond Ventures. Link
- Zebra Medical Vision, uses machine learning algorithms on imaging data to provide patient health insights raised funding of $12M in Series B led by Utah-based healthcare provider Intermountain Healthcare and Dolby Family Ventures, Israeli crowdfunding business OurCrowd, Salesforce CEO Marc Benioff and Khosla Ventures. Link
- Evidation, pulls medical, behavioral and contextual data and leverages those to arrive at a quantifiable result of the value of digital health technologies raised funding of $11.6M in Series B by B Capital Group. Link
- Procured Health, hospital supply chain applications, has closed $10M in Series B funding led by Heritage Group with participation from Health Insight Capital. Link
- PatientPop, offers an end-to-end marketing platform for healthcare providers to acquire, engage and retain patients raised funding of $10.5M in Series A, an extension to Series A round for a total of $20.5M in Series A funding led by venture firm Toba Capital, Athenahealth and Silicon Valley Bank. Link
- Lumiata, an Artificial Intelligence powered predictive analytics company for population health management, has closed $10M in Series B funding led by White Cloud Capital. Link
- Procured Health, hospital supply chain applications, has closed $10M in Series B funding led by Heritage Group with participation from Health Insight Capital. Link
- NantHealth providing an integrated, evidence-based, personalized approach to the delivery of care and the development of next generation healthcare solutions.files for a $92 million IPO. Link
- Navicure Receives Private Equity Investment from Bain Capital Private Equity. Link
- Mindoula Health a provider of virtual and in-person support to individuals and families facing behavioral health challenges acquires Care at Hand, a StartUp Health Company which has a mobile care management platform. Link
- MedAssets-Precyse a provider of revenue cycle technology and services acquires Equation a provider of cloud-based clinical and financial analytics to healthcare organizations. Link
SOME INTERESTING STARTUPS FOUND
Medifies (2016, SF) – Offers real-time communication system for interactions between healthcare professionals, patients, and attendants.
affirmhealth (2016, Tennessee) – Provides workflow integration and automation software to help health providers comply with controlled substance monitoring programs of regulatory bodies.
CareCDS (2016, Detroit) – Clinical decision support software for healthcare providers.
Halisi Tech (2016, Madrid) – Blockchain technology in the pharma supply chain by providing a tool to authenticate the origin of pharmaceuticals.
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. Went public in 2015.
Privia Health (2007, Virginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Lumeris (2001, Maryland Heights, $211M) – Provider of population health management solutions to health systems, payers and providers. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.
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.
Welltok (2009, Denver, $151.5M) – It provides a health optimization platform, CaféWell, is a collection of resources and programs that drive consumer engagement through a novel combination of social, gaming and personalized activities. Backed by Qualcomm Ventures, EMCAP partners, Interwest Partners, Bessemar Venture Capital.
Accolade (2007, Pennsylvania, $112M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
Grand Rounds (2011, SF, $106M) – Is technology company which provides healthcare concierge service to the patient. Backed by Greylock partners, Venrock and Harrison Metal.
Remedy Partners (2006, SF, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.
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. Went public in 2006.
iRhythm Tech (2006, SF, $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.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund,and Qualcomm Ventures.PROVIDER
Suite Solutions
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.
Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.EHR Platform
Flatiron (2012, NYC, 314M) – Offers cloud-based EHR platform, Analytics, Billing solutions for oncology practices. Backed by Roche, Google Ventures, First Round, SV Angel and LabCorp.
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.Practice Management
Guahao (2010, Hangzhou, $536M) – 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, $163M) – 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
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.
hc1.com (2011, Indianapolis, $35M ) – Cloud-based CRM solution. Backed by SCM Specialty Finance Opportunities Fund.
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, SF, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. Went public in 1994.
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. Went public in 2014.
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
Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.
Jiff (2009, Palo Alto, $50M ) – Digital health apps platform for employers providing healthcare plans for their employees.Backed by Rosemark Smart Capital, Venrock partners, Aeris Capital, Aberdare Ventures and GE Ventures.
Healthcare Delivery
Imaginehealth (2006, Midvale, $41M) – 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, $47M) – 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. Went public in 1992.
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, $56M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012, Ontario, $37M) – It is a healthcare technology company commercializing a self-service kiosk solution, the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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