#2024: A New Approach to Tracking Health Tech and Digital Health Investments
Fierce Healthcare Unveils New Strategy for Monitoring Health Tech and Digital Health Investments
January 23, 2024
By: [Your Name]
Fierce Healthcare is revolutionizing the way we track health tech and digital health investments. Instead of continuous fundraising tracking, we are introducing a weekly roundup of financing rounds, ensuring up-to-date coverage of notable investments in the healthcare sector. Exciting new companies and significant funding rounds will still receive in-depth profiling, providing our readers with comprehensive insights into the ever-evolving landscape of healthcare innovation.
Weekly Fundraising Tracker: A Comprehensive Overview of Recent Investments
For the first edition of our weekly fundraising tracker, we present a comprehensive overview of funding rounds from January 1 through January 19, 2024.
Forta Secures $55 Million for Autism Therapy
– Forta, a leading provider of family-powered autism therapy, has secured $55 million in a series A funding round.
– The round was led by Insight Partners with participation from renowned investors and founders in the healthcare and technology industries.
– Forta plans to expand its applied behavior analysis (ABA) therapy practice and develop innovative clinical algorithms, further enhancing its mission to provide effective and accessible autism therapy.
Harbor Health Raises $95.5 Million for Primary and Specialty Care
– Harbor Health, a prominent primary and specialty clinic group, has obtained an additional $95.5 million in funding, bringing its total investment to over $128 million.
– The funding round was led by General Catalyst with strong participation from Alta Partners and continued support from 8VC.
– The funding will fuel the expansion of primary care services, broaden specialty care offerings, and develop patient-centric care journeys, transforming healthcare delivery for communities across the nation.
Vita Health Secures $22.5 Million for Virtual Suicide Prevention
– Vita Health, a provider of clinically validated suicide prevention services, has closed a $22.5 million series A funding round, demonstrating the growing recognition of mental health as a critical component of overall healthcare.
– The investment will support the rapid expansion of life-saving services for youth and adults nationwide, reaching those in need with timely and effective suicide prevention interventions.
– Vita Health’s behavioral health care pathways have demonstrated significant reductions in suicide attempts and deaths, offering hope for a future where suicide prevention is accessible and effective.
Parallel Learning Raises $6.1 Million for Teletherapy Platform
– Parallel, a K-12 teletherapy platform for children with special needs, has secured a new round of funding totaling $6.125 million, led by Rethink Impact with participation from insiders.
– The funding will enable Parallel to expand its provider network, enhance its teletherapy platform, and further its mission of providing equitable access to high-quality therapy services for children with special needs.
– Parallel partners with K12 Schools and Districts to provide comprehensive teletherapy services, transforming the way special education is delivered, ensuring that every child has the opportunity to reach their full potential.
DecisionRx Obtains $100 Million Credit Facility for Precision Dosing
– DecisionRx, Inc., a pioneer in precision dosing and medication management, has entered into a $100 million credit facility with global investment firm Carlyle, underscoring the growing importance of personalized medicine.
– The company’s technology aims to improve patient outcomes and reduce healthcare costs by optimizing prescribing decisions, leading to safer and more effective medication use.
– The funding will support DecisionRx’s growth and enable comprehensive medication reviews for over 100,000 patients, transforming the way medication is prescribed and managed, improving patient safety and reducing healthcare costs.
Artisight Secures $42 Million for AI-Driven Hospital Platform
– Artisight, a provider of AI-driven hospital infrastructure and optimization solutions, has raised $42 million in an oversubscribed series B funding round, led by strategic and client health system investors, along with series A investors, including chipmaker NVIDIA.
– The Artisight platform combines IoT sensors, deep learning, and open integration standards to enhance patient care and safety, creating a new era of intelligent and efficient hospital operations.
– The funding will accelerate Artisight’s growth and enable the expansion of its AI-powered solutions to more hospitals, improving patient outcomes and reducing healthcare costs.
Health In Her HUE Raises $3 Million for Racial Health Disparities
– Health In Her HUE, a digital health platform addressing racial health disparities for Black women and women of color, has secured $3 million in seed funding, led by Seae Ventures with participation from leading investors and foundations.
– The funding will fuel the company’s growth, talent acquisition, and development of new programs and products, empowering Black women and women of color to take control of their health and well-being.
– Health In Her HUE provides a directory of diverse healthcare providers, educational health content, and virtual events and forums, creating a supportive community and addressing the unique health challenges faced by Black women and women of color.
DigitalOwl Secures $12 Million for AI-Powered Medical Record Summarization
– DigitalOwl, a provider of AI-powered medical record summarization for insurance companies, has raised $12 million in series A funding, led by Reinsurance Group of America, with a strategic partnership agreement for integrating DigitalOwl’s technology into RGA’s systems.
– The company’s machine-learning platform assists underwriters and claims adjusters in their work, streamlining insurance processes and improving efficiency, leading to faster claim processing and better customer service.
– The funding will support DigitalOwl’s growth and enable the expansion of its AI-powered solutions to more insurance companies, transforming the way medical records are processed and analyzed.
Rune Labs Raises $12 Million for Parkinson’s Disease Tracking App
– Rune Labs, a startup developing an app to track symptoms of Parkinson’s disease, has secured $12 million in a strategic funding round, led by a new brain disorder fund, Nexus NeuroTech Ventures, with participation from existing investors.
– Rune Labs’ StrivePD software ecosystem for Parkinson’s disease received FDA clearance to collect patient symptom data through Apple Watch, providing valuable insights for patients and healthcare providers.
– The funding will support the adoption of Rune Labs’ technology among health plans for managing care for members with Parkinson’s disease, improving patient outcomes and quality of life.
XRHealth Secures $6 Million for Extended Reality Platform
– XRHealth, a provider of extended reality (XR) platform for mental and physical health, has secured $6 million in funding, led by Asabys Partners, with participation from NOVA Prime Fund and Clearbrook, LLC.
– The funding will support the growth of the combined entities following the merger between XRHealth and Amelia Virtual Care, creating a leading provider of immersive and effective XR-based healthcare solutions.
– XRHealth’s platform integrates XR technology, licensed clinicians, and advanced data analytics to provide comprehensive therapeutic care solutions, transforming the way mental and physical health are treated.
Shimmer Raises $2.2 Million for Virtual ADHD Coaching
– Shimmer, an online coaching platform for adults with ADHD, has secured $2.2 million in seed funding, co-led by Worklife Ventures and SeedtoB Capital, with participation from other investors.
– Shimmer delivers live sessions with expert ADHD coaches, facilitated by AI-driven digital capabilities, providing personalized support and guidance for individuals with ADHD.
– The funding will support Shimmer’s growth and enable the expansion of its AI-focused product development, transforming the way ADHD is managed and treated, improving the lives of individuals with ADHD.
Nabla Secures $24 Million for Ambient AI Assistant
– Nabla, a provider of an ambient AI assistant for practitioners, has raised $24 million in series B funding, led by Cathay Innovation, with participation from ZEBOX Ventures.
– Nabla’s AI-powered tool autonomously captures physician-patient encounters, saving clinicians time and improving care, reducing documentation burden and improving patient engagement.
– The funding will support Nabla’s expansion across U.S. health systems and the launch of additional language options, transforming