This roundup is supposed to spotlight among the most notable funding rounds of the month and isn’t meant to be complete.
Well being tech firms made a number of main funding bulletins in July. Here’s a listing of among the largest funding rounds.
Flo Well being raises $200 million in Sequence C funding
London-based Flo Well being is a girls’s well being app that provides interval and ovulation monitoring, tailor-made well being insights, visible content material and a non-public neighborhood for asking questions. The app additionally has a function known as Flo for Companions, which permits customers to coach their companions on their menstrual and reproductive well being.
The $200 million funding was from Basic Atlantic. The funding “will assist place Flo for its subsequent part of progress, with a give attention to increasing into new person segments together with perimenopause and menopause, enhancing its tech-driven well being insights, and pursuing strategic growth alternatives,” in accordance with the announcement. The corporate’s valuation is now past $1 billion.
HarmonyCares pulls in $200 million
Troy, Michigan-based HarmonyCares is a value-based supplier of home-based major care companies. It significantly focuses on high-risk sufferers. The corporate has home-based major care practices throughout 15 states.
Its $200 million funding spherical was led by Basic Catalyst, McKesson Ventures and a “giant nationwide payor.” The spherical additionally included participation from K2 HealthVentures, Rubicon Founders, Valtruis, HLM Capital and Oak HC/FT. The funding will assist the corporate broaden to extra markets and construct new applied sciences to enhance medical outcomes and affected person satisfaction.
Spring Well being rakes in $100 million in Sequence E funding
New York Metropolis-based Spring Well being is a psychological well being firm for employers and well being plans. It gives meditation, teaching, remedy, treatment and different companies. Its Precision Psychological Healthcare providing analyzes knowledge on sufferers’ signs and socio-demographic data to find out the very best care plan for every affected person.
The $100 million Sequence E funding spherical was led by Technology Funding Administration and included participation from Kinnevik, William Okay Warren Basis, RRE and Northzone. It brings Spring Well being’s valuation to $3.3 billion. The funding will help product and expertise growth and assist the corporate broaden to new audiences.
Headway raises $100 million in Sequence D funding
New York Metropolis-based Headway helps psychological well being clinicians settle for sufferers by way of insurance coverage by supporting them with credentialing, onboarding, medical coaching, scheduling, billing and different companies. On Headway’s platform, sufferers can seek for psychological well being suppliers by location, concern and insurance coverage provider, and schedule an appointment inside 48 hours.
The $100 million Sequence D funding spherical was led by Spark Capital and included participation from Thrive Capital, Accel, a16z and Forerunner Ventures. The spherical brings the corporate’s valuation to $2.3 billion. Headway is utilizing the funding for its growth into Medicare Benefit and Medicaid.
Thyme Care secures $95 million in Sequence C funding
Nashville, Tennessee-based Thyme Care works with well being plans, employers and risk-bearing suppliers throughout 31 states to help sufferers combating most cancers. It gives care navigation companies, expertise and knowledge insights and therapeutic interventions. The corporate additionally helps sufferers perceive their analysis, discover a most cancers physician and obtain medical care between appointments.
The $95 million capital increase consists of $55 million in fairness funding from Harmony Well being Companions, CVS Well being Ventures, City Corridor Ventures, a16z Bio + Well being, AlleyCorp, Echo Well being Ventures, Frist Cressey Ventures and Foresite Capital. Banc of California is offering $40 million in debt financing. The funding will assist Thyme Care develop its enterprise by including extra partnerships with risk-bearing entities.
Picture: Abscent84, Getty Photos
