A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – CONSUMER HEALTH -TECH
- Livongo Health, a cloud-connected glucose meter, and an online coaching program to manage diabetes, has raised $44.5M in Series C round, led by Merck Global Health Innovation Fund, Cowen Private Investments, Sapphire Ventures, Zaffre Investments, and Wanxiang America Corporation. Link
- Livongo Health has also raised a strategic investment worth of $5M from Humana to support the company’s growth. Link
- 1mg, O2O delivering prescription and OTC and marketplace for booking diagnostic test, has raised $16M in a round led by Maverick Capital Ventures, with participation from Sequoia India and Omidyar Network. Link
- Naya Health, a smart breast pump that tracks mother’s milk production pattern and parenting app, has raised $4 million in seed funding from Tandem Capital, S-Cubed Capital, NewGen Partners, Astia Angels, and Stanford’s StartX. Link
- DocsApp, a medical consultation app, raised $1.2m in seed round led by Rebright Partners, and angel investors Anand Rajaraman and Venky Harinarayan. Link
- Parasail Health, an online lending platform for patients to finance the cost of their deductibles and other out-of-pocket medical expenses, closed a seed funding round of undisclosed amount. Link
- Heritage Group has closed its second innovation fund with 15 healthcare organizations as limited partners. Link
- Zocdoc, an online appointment booking portal with doctors for patients, is connecting its online scheduling platform with Epic via API. Link
- Health Tap, a tech-enabled Q&A and video consultation platform for patients and doctors, creates chat bot for Facebook’s Messenger app. Link
- Amino, an appointment booking service that uses claims data to help consumers choose a doctor, has got access to Medicare claims data and has been certified by the Centers for Medicare and Medicaid Services to create new healthcare quality measures focused on the healthcare consumer experience. Link
- Beam Technologies, a connected toothbrush company, has launched SmartPremiums, its dental insurance plan, in California. Link
- Akili Interactive Labs will soon launch a clinical trial to evaluate the efficacy of its video game intervention for children with ADHD. Link
- The market for mobile personal emergency response systems (PERS), will grow at a CAGR of 40% and will reach 3.4 million by 2021, according to a report from Berg Insight. Link
SOME INTERESTING STARTUPS FOUND
Room2Care (2014, Miami Beach) – An online platform which connects people who want to provide elderly caregiver service in their own home with care-seekers. Provides elders shared housing and nursing home care services.
LEADER BOARD – CONSUMER HEALTH -TECH
PERSONAL HEALTH MANAGEMENT
PATIENT EDUCATION
Information Portal
WebMD (1996, NYC, IPO) – Online platform providing health-related information to consumers and healthcare professionals. Went public in 2005.
Healthline Networks (2005, SF, $154M) – Health information portal. Also started providing appointment booking service through the platform by acquiring YourDoctor. Backed by Summit Partners, Trinity Capital Investment, Investor Growth Capital, Reed Elsevier Ventures, Vintage Point Capital Partners, Kaiser Permanente Ventures and U.S. News.
Community
DYX (2000, Beijing, $82M) – Online social media platform for people providing pharmaceuticals and healthcare information. Backed by Tencent, Shunwei, DCM.
Sharecare (2010, Atlanta, $39M) – A social platform that allows people to ask, learn and act upon questions of health and wellness to the experts. Backed by NEV, Wellington, Tomorrow Ventures, Galen Partners, Heritage Group, andTrinity Health.
PERSONALIZED ADVICE
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.
PicWell (2012, Philadelphia, $7M) – Online predictive recommendation engine that enables consumers to select their health plan. Backed by MassMutual Ventures.
MONITORING
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, $64M) – 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. Backed by Qualcomm Ventures and Sequoia.
DIY DIAGNOSTIC SOLUTIONS
Scanadu (2011, Mountain View, $47.5M) – Makes medical devices for measuring body vitals. Backed by AME Cloud Ventures, Relay Ventures, Three leaf Ventures, Tencent, CBC Capitals, Fosun, IGlobe Partners, Vegastech Fund, Mindful Investors, Redmile Group and Broe.
Kinsa (2012, NYC, $12M) – Smart thermometer. Backed by KPCB, FirstMark Capital, and Founder Collective.
THERAPEUTIC SOLUTIONS
HeadSpace (2010, LA, $39.5M) – Provider of online guided meditation resources, accessible to users through the company’s website and via a mobile app. Backed by Advancit capital, Allen investments, Breyer Capital, Broadway Video, Deerfield, WME entertainment.
Chrono Therapeutics (2004, Waltham, $32M) – Device with programmable passive transdermal drug delivery for smoking cessation. Backed by National Cancer Institute, RockHealth, Canaan Partners, 5AM Ventures, Fountain Healthcare Partners, Mayo Clinic, and GE Ventures.
MEDICATION ADHERENCE
Mango Health (2012, SF, $8M) – Mobile app that helps consumers comply with their medication through games. Backed by KPCB, Bullpen capital, First Round Capital, Floodgate, RockHealth, and Baseline Ventures.
MediSafe (2012, Boston, $7M) – App for medication adherence. Backed by Qualcomm Ventures, SevenVentures, Lool Ventures, Pitango Venture Capital, 7wire Ventures, and TriVentures.
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, San Francisco, $13M) – Personal health information log book. Backed by NEA, and Catamount Ventures.
HEALTHCARE DELIVERY
DOCTORS
Telemedicine
TelaDoc (2002, Dallas, IPO) – Telemedicine provider offering web and mobile based video consultations. IPO June 2015.
AmericanWell (2006, Boston, $123M) – Telehealth platform that connects users with doctors over the video feed. Backed by Inventures Alliance Management Company.
Homecare
Pager (2014, NYC, $24M) – Mobile app for on-demand doctor house call. Backed by NEA, Summation Health Ventures, Goodwater Capital, Montage Ventures, Lux capital.
Heal (2014, LA, $10M) – Mobile app for on-demand home visits for a family doctor. Backed by Slow Ventures, Pritzker Group, March CP.
Appointment booking
Guahao (2010, Hangzhou, $536M) – 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, $225M) – 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
DxLabs
Theranos (2003, Palo Alto, $492M) – Blood testing solution which claims to provide fast and high-quality tests at 1/1,000 sample size of the typical blood draw, directly marketed to consumers. Backed by ATA Ventures, DFJ, and Continental Ventures.
Dx Kits
Ancestry (1983, Provo, IPO, Acq.) – Website offering family history information, historical records, and other genealogical information. Enables users to create their family tree and helps them discover, preserve and share their family history.
23andMe (2006, SF, $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
MD Save (2012, Brentwood, $15.5M) – Online marketplace providing discovery and appointment booking facility for healthcare services. Backed by MTS Health Investors.
WellnessFX (2010, SF, $6M) – An online platform which allows users to search for diagnostic tests, book appointments and do transactions online. Users provide samples offline and get reports online. Also provides training to monitor personal health. Backed by Javelin Ventures, Floodgate, Voyager Capital, and HealthTech Capital.
HEALTH INSURANCE
Internet-first Insurance providers
Oscar Health (2012, New York City, $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, $26M) – 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, $148M) – 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, Cambridge, $63M) – Mobile app-enabled telepharmacy service 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
Marketplace
Care.com (2006, Waltham, IPO) – Online marketplace connecting families requiring babysitters and nannies (for children, senior adults or disabled), pet care, housekeeping with caregivers.
HomeHero (2013, Santa Monica, $23M) – Web-based marketplace, which helps families find, hire and manage in-home care for seniors. Backed by Tencent, Social Capital, Graham Holdings, and Science.
Own-Fleet
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.
Honor (2014, SF, $20M) – 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, and Kapor Capital.
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, $19M) – Online clinical trial enrollment platform and DNA mapping from partnered labs. Backed by Apple Tree Partners.
TrialReach (2009, Richmond, $16M) – 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.