A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH
- Clover Health, a health insurance startup, raised $130M in a round led by GV and other investors. Link.
- Babylon Health, a digital platform that combines AI and telemedicine, raised $60M in a round led by Vostok New Ventures, Kinnevik and NNS Holdings. Link
- ScriptDash, a digital pharmacy, has rebranded itself as Alto Pharmacy and raised $23M in a round led by Greenoaks Capital. Other investors include Jackson Square Ventures, DST, Meritech Capital, Y Combinator, among others. Link
- Capsule Pharmacy, a digital pharmacy, raised $20M in a round led by Thrive Capital, with participation from Sound Ventures and Virgin Group. Link
- DocPlanner, an online doctor appointment booking platform, raised $17M in a round led by Enern Investments with participation from One Peak Partners and existing investor Target Global. Link
- Aira, a smart eye-wear that provides remote assistance for visually impaired, raised $12M in a round led by Jazz Venture Partners and, Arboretum Ventures. Other investors include Lux Capital, ARCH Venture Partners, Felicis Ventures, National Federation of the Blind. Link
- Rested, a mobile application for sleep apnea risk assessment, raised $7M from undisclosed investors. Link
- MyHealthTeams, a Social networking platform for people affected by chronic conditions, raised $7M in a round led by Qiming Venture Partners. Other participating investors include 500 Startups, Adams Street Partners, CVS Health, Westly Group and HealthTech Capital. Link
- Beddit, a smart sensor track sleep has been acquired by Apple. Link
- Hello, a smart device to track sleep behavior, announced that the company will soon be ceasing operations. Link
SOME INTERESTING STARTUPS FOUND
Zoon (2016, San Mateo) – Mobile application for sperm analysis.
Hellocare (2016, La Ciotat, $1M) – Telemedicine platform.
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 U.S. News, Summit Partners, Comcast Ventures, VantagePoint Capital Partners, Peacock Equity, Kaiser Permanente Ventures, Mitsui, Trinity Capital Investment, Investor Growth Capital, PeakSpan Capital, REV.
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, $320M) – 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 Summit Partners, Wells Fargo, TomorrowVentures, Heritage Group, Claritas Capital, OPRAH, Arsenal Venture Partners, Galen Partners, HCA, HMSA, Wellington Management, Swiss Re, New Evolution Ventures, Sony Pictures Television, and Trinity Health.
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, Matrix Partners China, and K2VC (Xianfeng Evergreen).
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 Sequoia Capital, ZhenFund, Ceyuan Investment Consulting, By-Health, Haitong International Securities Group, Tisiwi Ventures, and Bertelsmann Asia Investment Fund.
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 Canaan Partners, Mayo Clinic, Rock Health, Kaiser Permanente Ventures, Endeavour Vision, 5AM Ventures, Emergent Medical Partners, NCI, Fountain Healthcare Partners, Mission Bay Capital, GE Ventures, Labuan IBFC, Cota Capital, Xeraya Capital, Mayo Clinic Ventures, and Hikma 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 and Bertelsmann Asia Investment Fund.
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 Pritzker Group, Slow Ventures, Armada Investment, Breyer Capital, Slow Ventures, March Capital Partners, Singulariteam, and HashTag One.
Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Lux Capital, Abundance Partners, Montage Ventures, Goodwater Capital, Streamlined Ventures, Summation Health Ventures, QueensBridge Venture Partners, and Sound Ventures.
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 Goldman Sachs, Morningside Group, Tencent, Fosun International, Hillhouse Capital, Shandong Tyan Home, Qiming Venture Partners, CDB Capital, Fosun Kinzon Capital, Morningside venture Capital, and F&H Fund Management.
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 Khosla Ventures, Atomico, Goldman Sachs, Founders Fund, DST Global, Bezos Expeditions, Vast Ventures, Baillie Gifford, Social Starts, Haystack Partners.
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 Fidelity Investments, Khosla Ventures, Goldman Sachs, Founders Fund, General Catalyst Partners, Thrive Capital, Glynn Capital, Lakestar, Western Technology Investment, Red Swan Ventures, Formation 8, CapitalG, Breyer Capital, Wellington Management, Darwin Ventures, The Cambria Group, Lerer Hippeau Ventures, Ping An Ventures, BoxGroup, Nima Capital, 8VC, and Brainchild.
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, Brightstone Venture Capital, 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 JD.Com, Orient Securities, Tuspark Ventures, Nine co-venture, Greenwoods Investments, Grand Yangtze Capital, Govtor Capital, and Share Capital.
Yiyao (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.Backed by China Equity Group, and Ivy Capital, ClearVue Partners.
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, Thrive Capital, True Ventures, Kapor Capital, Rock Health, Homebrew, BAM Ventures, NFX Guild, Syno Capital, and 8VC.
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 Accel Partners, Atlantic Labs, TA Ventures, and CLI Ventures.
CLINICAL TRIAL ENROLLMENT
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.