fundraising
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TytoCare Rakes In $49M for Its Virtual Care Platform
Virtual care company TytoCare recently raised $49 million in growth financing, taking its total funding to date to $205 million. CEO Dedi Gilad declared that his company was founded to solve a fundamental problem with traditional telehealth services: people do not trust them, so they do not use them.
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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‘Hope Is Not a Business Model’: Digital Health Fundraising Advice from 2 VCs
Two VCs from Merck Global Health Innovation Fund recently offered fundraising advice for digital health companies. They told these firms to expect slower funding timelines, urged them not to be afraid of down or flat rounds, and advised them to spend time nailing down the specifics of their growth narrative.
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Why One Analyst Is Encouraged by Healthcare IT’s Fundraising Rebound
Healthcare IT companies experienced a bounceback in venture capital deal activity during Q1 of 2023. Rebecca Springer, PitchBook ’s lead healthcare analyst, said she is optimistic that healthcare IT startups will be able to keep this momentum going, especially those focused on staffing and value-based care enablement.
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Digital Health Funding Steadied in Q1 After a Year of Decline
Global funding for digital health companies finally stabilized in Q1 of this year. The sector raised $3.4 billion — this marks the first time the digital health world didn’t experience a quarter-over-quarter funding decline since Q4 of 2021. By holding steady, digital health startups defied the dwindling fundraising totals seen across the broader venture capital landscape, where funding dropped by 13% quarter-over-quarter.
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Zus Health Snags $40M, Strikes Partnership with Elation Health
Zus Health — Jonathan Bush’s health data platform that provides patient information at the point of care — recently closed a $40 million funding round. It also announced a partnership with Elation Health, a company that sells its EHR and other technology solutions to primary care providers. Elation will be integrating Zus’ API into its own data collaboration systems.
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Which Digital Health Startups Are Most & Least Suited to Raise Capital in 2023?
Last year’s digital health investment trends have left some startups feeling uneasy about their ability to raise capital in the new funding environment. Venture capitalists think companies that have a demonstrable return on investment and serve multiple stakeholders will probably have the easiest time securing capital, while point solutions and startups in crowded markets will face a tougher environment.
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Which Health Tech Companies Might Go Public or Get Acquired in 2023?
As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.
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Carallel to Expand Caregiver Support Footprint With $8.2M Fundraise
Carallel, a startup that provides digital tools to support family caregivers, recently raised $8.2 million in Series A funding. The Chicago-based company’s services are offered as a benefit by health plans and employers.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
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Why 1 VC is Fed Up with the Concept of Digital Health Unicorns
There are currently 97 global digital health companies that are considered unicorns. But getting caught up with the idea of digital health unicorns isn’t very sustainable, according to Emilly Melton, managing partner at Threshold Ventures. Instead of focusing too much on their valuations, she recommended that startups simply focus on getting the capital they need in order to reach the next stage of inflection.
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Jonathan Bush’s 3 Rules for Digital Health Startups to Follow Amid a Looming Recession
Jonathan Bush has three rules he thinks digital health startups should follow as the country prepares for a likely recession. They should ensure their technology accomplishes a task that healthcare stakeholders need fulfilled, be very clear about how they can make more money doing their job than their competitors, and find “people who are unhinged enough” to try their product.
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TimeDoc Health raises $48.5M in bid to reduce admin burden for physicians and assist with care coordination
TimeDoc plans to hire about 350 additional employees in 2022, according to CEO Will Boeglin. That includes additional care coordination staff, sales and marketing personnel and tech developers.
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Perfecting the fundraising pitch
Few things turn off an investor faster than an entrepreneur getting defensive or combative during a pitch as it foreshadows how the entrepreneur would act under more pressure.
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Myth #1: My existing network will open enough doors to get us funded!
Big network? Big deal! The reality is that only one network matters when it comes […]