A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – TELEMEDICINE
- Chunyu Yisheng, a smartphone marketplace app that lets users remotely consult with physicians, completed a $183M funding round. Link
- Teladoc, a provider of telehealth services, secures $50M in Debt financing from Silicon Valley Bank. Link
- MindCare Solutions, a provider of behavioral health care services through a telemedicine platform, raised $19M in Series A round of funding. Link
- Aligned Telehealth, a telemedicine and healthcare management company, closed a Series A equity funding of $12M. Link
- Avizia, a telehealth solution provider offering an end-to-end platform, raised $11M in Series A round of funding led by Blue Heron Capital and joined by Lavrock Ventures, NextGen Venture Partners, Middleland Capital, Waterline Capital, and Blu Ventures. Link
- 39 Hospital, a secondary diagnosis and consultation platform for severe problems via telemedicine application, raised $7.5M in Series A round of funding led by IDG Ventures. Link
- SnapMD, a cloud-based patient-to-provider telemedicine platform, raised $1.5M in Series A round. Link
- YourDost, an online counselling and psychological support platform, raised $1.2M in Series A round of funding led by SAIF Partners. Link
- SeeDoc, a mobile-based telemedicine platform which provides patients access to a network of doctors, raised $1M in its pre-Series A round of funding led by early stage venture fund YourNest, Sunil Goyal, founder and CEO, YourNest Angel Fund. Link
- TeleHealth 365, a cloud-based video conferencing solution for healthcare providers and their patients, received an angel round of funding from a private investor. Link
- HelathiestYou, a telehealth consumer engagement technology platform for the small to mid-sized employer market, got acquired by Teladoc for $125M. Link
SOME INTERESTING STARTUPS FOUND
Coordination Centric (2015, McAllen) – Monitor chronic conditions like Diabetes, Hypertension, Chronic Heart Failure & COPD and relays this information to their health care providers. Vitals are measured using at home monitoring devices and the results are sent to the health care coordinator via a cellular gateway.
LEADER BOARD – TELEMEDICINE
Tele-Consultation
Teladoc (2002, Dallas, IPO) – Telemedicine provider offering web and mobile based video consultation. Backed by Cardinal Partners, HLM Venture Partners, Trident Capital, New Capital Partners, Jafco Ventures, Kleiner Perkins Caufield & Byers, Greenspring Associates, BNY Mellon, Questmark Partners, FLAG Capital Management. Went public in July 2015.
Specialists On Call (2004, Reston, $132M) – Telemedicine services for Tele-Neurology, Tele-
American Well (2006, Boston, $123M) – Telehealth platform that connects users with doctors. Backed by Inventure Partners.
Doctor On Demand (2012, SF, $87M) – Telemedicine services based on a pay-per-use model. Backed by Venrock, Shasta Ventures, Qualcomm Ventures.
MDLIVE (2009, Sunrise, $74M) – Online and on-demand telemedicine services. Backed by Bedford Funding, Heritage Group, Sutter Health, Kanye Capital.
Tele-Monitoring
iRhythm Technologies (2006, SF, $95M) Remote cardiac rhythm monitoring device. Backed by Mohr Davidow Ventures.
Watermark Medical (2008, Boca Raton, $53M) Home sleep testing solutions to determine presence and severity of obstructive sleep apnea. Merged with SleepMed. Backed by Ballast Point Ventures.
MD Revolution (2011, San Diego, $34M) Platform for healthcare providers to predict and prevent chronic disease via behaviour change. Backed by Jump Capital.
Healthsense (2001, Mendota, $33M) Remote monitoring, emergency calls and wellness management solutions. Backed by Radius Ventures, Merck & Co., Mansa Capital, Merck Global Health Innovation Fund.
Tele-Rehabilitation
Pursuant Health (2007, Atlanta, $29M) Interactive healthcare platforms and kiosks. Backed by WellPoint, Novartis, Dell, Coinstar.
Tech Enablers
InTouch Health (2002, Santa Barbara, $64M) Proprietary communications and mobile robotic platform. Backed by Acacia VP, iRobot, Beringea.
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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