A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH
- Blink Health, a startup focused on helping consumers find low prices on medications, raised $90M in a round led by 8VC. Link
- Livongo, a diabetes management company, raised $52.5M in a round co-led by General Catalyst, an existing investor, and Kinnevik. Other investors included Microsoft Ventures, American Investment Holdings, and EDBI along with all existing investors. Link
- HealthEngine, an online healthcare marketplace, raised $20M in a round led by led by Sequoia India with participation from Alium Capital, Go Capital among others. Link
- Kinsa, a developer of smart thermometers, raised $17M from GSR Ventures, Kleiner Perkins Caufield Byers, FirstMark Capital, and others. Link
- Cognoa, a developer of an app to assess child development, raised $12M in a round led by existing investor Morningside. Link
- Simple Contacts, which provides an app for remote prescription for contact lens, raised $8M in a round led by Goodwater Capital with participation from existing investors Justin Kan, Notation Capital, and Autonomous Ventures.Link
- Mango Health, a developer of an app for patient engagement and medication adherence, announced long-term partnership and investment from Express Scripts, a pharmacy benefit management organization. Link
- GlobalMed acquired telemedicine startup, TreatMD. Link
- 23andMe received FDA approval for marketing of first direct-to-consumer tests that provide genetic risk information for certain conditions. Link
- PatientsLikeMe, an online patient network platform, partnered with Shire Pharmaceuticals to improve research, treatment for rare diseases. Link
- HomeHero, a home care startup for seniors, announced that the company is ceasing operations and focusing on a new health venture. Link
SOME INTERESTING STARTUPS FOUND
Pillboxgo (2016, Dusseldorf) – Subscription-based periodic delivery of pre-sorted medicines. The company’s service helps those who are on multiple medications for chronic conditions for effective management of medication.
Homage (2016, Singapore, $1M) – Tech-heavy home healthcare platform for elderly people at home.
LEADER BOARD – CONSUMER HEALTH TECH
PERSONAL HEALTH MANAGEMENT
ONLINE INFORMATION SEARCH
Medical Content Providers
WebMD (1996, NYC, IPO) – Online platform providing health-related information to consumers and healthcare professionals. Went public in 2005.
Healthline (2005, SF, $154M) – Health information portal. Also started providing appointment booking service through the platform by acquiring YourDoctor. Backed by Summit Partners, Trinity Capital Investment, Investor Growth Capital, Reed Elsevier Ventures, Vintage Point Capital Partners, Kaiser Permanente Ventures and U.S. News.
Social Platforms
PatientsLikeMe (2004, Cambridge, $132M) – Online community for people with medical conditions. Backed by Omidyar Network, CommerceNet, Invus, Robert Wood Johnson Foundation, Collaborative Seed and, iCarbonX.
PERSONALIZED HEALTHCARE
Sharecare (2010, Atlanta, $220M) – Online platform for personalized health recommendations including expert resources, guidance, and programs based on the proprietary RealAge test results and other personal health data shared by the user. Backed by TomorrowVentures, Heritage Group, Claritas Capital, Arsenal Venture Partners, Hearst Communications, Galen Partners, Wellington Management, Swiss Re, New Evolution Ventures.
Your.MD (2013, London, $7M) – Mobile app which uses AI and Machine Learning technology to give personalized feedback to individuals as they speak or type their query. Backed by Smedvig.
MONITORING
Meet You (2013, Xiamen, $200.5M) – Social network for women and a menstruation period tracking app. Backed by SIG China, The Cathay Funds and Matrix Partners China.
Dayima (2012, Beijing, $66M) – App for period tracking and women’s health. It predicts period cycles based on past patterns, offering health tips on avoiding cramps and premenstrual syndromes, and links to an online forum where users can exchange their experiences on parenting, beauty, etc. Backed by By-Health, Haitong, BAI, Ce Yun Ventures, Sequoia, and ZhenFund.
TelCare (2008, Bethesda, $65M, Acq.) – Provides a wireless blood glucose meter with two-way messaging, that transmits to a care management server, along with a suite of iPhone and Android apps. Acquired by BioTelemetry in December 2016.
DIY DIAGNOSTIC SOLUTIONS
Cognoa (2013, Palo Alto, $20M) – Developing an app for developmental disorder assessment for children. Backed by Morningside Venture Capital.
ResApp Health (2014, Perth, $10M, Acq.) – Smartphone-based respiratory diseases diagnosis tools. Acquired by Narhex in July 2015.
THERAPEUTIC SOLUTIONS
Chrono Therapeutics (2004, Waltham, $80M) – Device with programmable passive transdermal drug delivery for smoking cessation. Backed by National Cancer Institute, RockHealth, Canaan Partners, 5AM Ventures, Fountain Healthcare Partners, Mayo Clinic, and GE Ventures.
MEDICATION ADHERENCE
Mango Health (2012, SF, $8M) – Mobile app that helps consumers comply with their medication through games. Backed by KPCB, Bullpen capital, First Round Capital, Floodgate, RockHealth, Express Scripts and Baseline Ventures.
PERSONAL HEALTH RECORDS
CareSync (2011, Wesley Chapel, $22M) – The web and mobile application which allows patients to collect their electronic health records from different health care providers. Backed by Merck GHI, Greycroft, HMC, Tullis Health Investors, Clearwell group, and CDH Solutions.
CareZone (2010, SF, $13M) – Personal health information log book. Backed by NEA, and Catamount Ventures.
HEALTHCARE DELIVERY
DOCTORS
Telemedicine
Chunyu Yisheng (2011, Beijing, $244M) – Telemedicine platform for remote doctor consultation. Backed by BlueRun Ventures, CICC, ICH Group
AmericanWell (2006, Boston, $123M) – Telehealth platform that connects users with doctors over the video feed. Backed by Inventures Alliance Management Company.
Homecare
Heal (2014, LA, $52M) – Mobile app for on-demand home visits for a family doctor. Backed by Slow Ventures, Pritzker Group, March CP.
Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Summation Health Ventures, Goodwater Capital, Montage Ventures, Lux capital.
Appointment booking
We Doctor Group (formerly Guahao) (2010, Hangzhou, $520.5M) – Online platform for appointment booking with doctors and a healthcare information portal. Backed by Tencent, GS, HillHouse Capital, Fosun, CBD Capital, Morningside Ventures, Qiming Venture Partners, and Henderson Shandong Tiyanye Co.
ZocDoc (2007, NYC, $223M) – An online platform which helps users to find a nearby health practitioner and instantly book an appointment online. Also provides scheduling software to providers. Backed by Atomico, Founders Fund, Baillie Gifford, GS, Khosla Ventures, DST Global Solutions, SV Angel.
DIAGNOSTICS
Dx Kits
23andMe (2006, Mountain View, $232M) – A human genome research company enabling customers to study their ancestry, genealogy, and inherited traits. Backed by Google Ventures, MPM Capital, NEA, JJDC and Mohr Davidow Ventures.
Marketplace
WellnessFX (2010, SF, $6M, Acq.) – Online marketplace for preventive health diagnostic packages. Acquired by Health Elements in December 2013.
HEALTH INSURANCE
Internet-first Insurance providers
Oscar Health (2012, NYC, $727.5M) – An internet first health insurance provider that uses digital healthcare solutions to keep its members healthy. Backed by Thrive Capital, Founders Fund, General Catalyst, Khosla Venters, Red Swan, BoxGroup, Goldman Sachs, Wellington, Google Capital, Lakestar, and Fidelity International.
Aggregator
GoHealth Insurance (2001, Chicago, $50M) – Online price comparison and shopping portal for health insurance. Backed by NEP.
Gravie (2013, Minneapolis, $27M) – Online health insurance marketplace for consumers to choose and buy insurance, pay for it and manage all healthcare expenses at one place. Backed by Aberdare ventures, Split Rock Partners, and Firstmark Capital.
PHARMACY
7LK (2011, Guangzhou, $149M) – Online retailer of non-prescription drugs and health supplements such as pharmaceuticals, medical devices, and medical products. Backed by Grandyangtze, TusPark Ventures, and Govtor.
Yiyao (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.
PillPack (2013, Boston, $94M) – Mobile app-enabled which periodically sends the required medications to the user. Backed by Accel Partners, Sherpa Ventures, CRV, Menlo VC, Atlas Ventures, Slow ventures, Highline VP, QueensBridge VP, Founder Collective, IDEO, and Techstarts.
CAREGIVERS
Caregiver Discovery Platforms
Care.com (2006, Waltham, IPO) – Online marketplace connecting families requiring babysitters and nannies (for children, senior adults or disabled), pet care, housekeeping with caregivers. Went public in 2014.
Honor (2014, SF, $62M) – The web and mobile-based platform that allows users to find and book caregiver for elderly people. Backed by Andreessen Horowitz, RockHealth, Homebrew, True Ventures, Thrive Capital, 8VC, Syno Capital, and Kapor Capital.
HomeTeam (2013, Manhattan, $43.5M) – An online platform which allows people expert caregiver matching and a care team to promote healthy & active days. Backed by Kaiser Permanente Ventures, Oak HC/FT, Lux Capital, AI Ventures, and Recruit Strategic Partners.
MEDICAL TOURISM FACILITATOR
Medigo (2013, Berlin, $12M) – An online marketplace that facilitates searching, booking and arranging medical travel. Backed by Atlantic Labs, and Accel.
CLINICAL TRIAL ENROLLMENT
CureForward (2014, Cambridge, $27M) – Online clinical trial enrollment platform and DNA mapping from partnered labs. Backed by Apple Tree Partners.
Antidote (2008, London, $18M) – Search engine for clinical trials which helps patients to explore, understand and access clinical trials. Backed by Octopus Ventures, Amadeus Capital, and Smedvig Capital.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit the Consumer HealthTech feed.