3.21.22
3 min. read

12 secret health tech investments.

Issue 050

Welcome back to E&O Mondays, the free newsletter from Exits & Outcomes that features health tech puzzles, M&A flashbacks, new and under-the-radar funding news, paid content teasers, and other digital health odds and ends.

 E&O Mondays.

In this issue:

  • Read on for 12 stealthy or under-reported digital health funding deals…
  • But first: If a friend recently told you to subscribe to E&O, they probably meant the paid version. The E&O Mondays newsletter is great and all but you’re missing the real deal: Sign up as a paying subscriber to E&O by clicking right here…

12 secret (or under-reported) health tech funding deals from recent weeks

Instead of rehashing the dozens of funding deals you’ve already read elsewhere, I focused this week on a few deals that you likely have not yet read about. (Unless noted otherwise in the write-ups below, these are all first in E&O — as far as I can Google.)

Keep in mind: Most of the amounts listed below are currently unannounced equity deals, so the full amount the company raises and eventually announces may be higher than the numbers you read here…

$20 million – VideaHealth – This Boston-based company uses AI to analyze dental x-rays. Its tech helps dentists catch more cavities. Site

$16.8 million – Cleerly – “Cleerly is a digital healthcare company creating a world without heart attacks. We design intelligent clinical technologies to help clinicians precisely identify and define heart disease earlier, so they can provide personalized, life-saving treatment plans for all patients throughout their care continuum. We measure atherosclerosis itself—plaque build-up in the heart’s arteries—not its indirect markers. Our AI-driven digital care platform offers simpler, faster, more accurate heart disease diagnostics and reporting that’s tailored to each stakeholder, improving overall clinical and financial outcomes.” Site

$10 million – VivoSense – One of: “VivoSense has… grown to service the pharmaceutical clinical trials industry using… software as the environment in which new digital biomarkers are created.” Site

$5.5 million – iScribe – “iScribe is a mobile app that fully integrates with your existing EHR platform in order to streamline medical documentation and restore an authentic physician-patient relationship. It is affordable, effective, and simple to install.” Site

$4.1 million convertible debt – BabySparks – Makers of a popular baby development and parenting app. Site

$3 million – EmmaCare – “EmmaCare is a Clinical Care Management virtual assistant, developed and designed to reduce the cost of care management by identifying and prioritizing tasks that require the care manager’s attention.” Site

$2.5 million in equity and other options – KeyCare – New startup founded and led by former MDLIVE exec Lyle Berkowitz MD. Healthx Ventures appears to be the lead investor. Details are thin on this one, but it looks like it will be some kind of virtual care offering, including the ability to review, schedule appointments with, and conduct virtual visits with healthcare professionals. No site yet.

$2.5 million – Spyn – Spyn’s founder and CEO is Gopi Prashanth Gopal who was a director of technology at Amazon leading a series of AI projects that included Amazon Go and the Dash Cart. Spyn appears to be using computer vision to help people use proper form while working out. Clear Ventures appears to be the lead investor. From their pitch to potential job applicants: “Be a part of the team that is empowering individuals to overcome the constraints of physical, temporal and virtual co-presence in form-based training.” Site

$2.3 million – Nurse-1-1 – New Hampshire’s York IE appears to be one of the company’s key investors. Nurse-1-1 is a nationwide network of nurse practitioners that offers virtual-care-as-a-service for other healthcare companies: “Embed our nationwide nurse network and on-demand chat tool anywhere in your patient journey. Receive data-driven insights, improve adherence, and help patients where they need extra support.” Site

$1.5 million in equity and other securities – Chill Anywhere – This startup is both DTC and employer-facing: “Chill Anywhere is a female-founded mindfulness platform that offers accessible meditation, mindfulness, yoga + stretching classes and content via both live and on-demand channels including a video-based app – Chill Anywhere. Enterprise grade analytics allow users and businesses to quantify results.” Site

$1 million in equity, debt and other options – Skywriter MD – Software company that helps virtual scribes transcribe patient visits. Site

$500,000 in SAFEs – MixLife – This one might be a bit of a stretch. It’s an online platform for creative classes but the hook is that it is designed to help people deal with mental health issues. Here’s the one-liner founder story: “We quit our secure jobs at Google in the middle of a pandemic because the need for mental well-being was spreading as fast as COVID-19.” Site

Let’s call that E&O Mondays Issue 050. Help me E&O subscribers, you’re my only hope: If you learned something from today’s issue, would you forward this newsletter to someone you think might be interested?
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