4.18.22
2 min. read

8 secret health tech investments

Issue 052

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 8 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…

 

8 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…

$14.6 million – ACTIV Surgical – “Activ Surgical is building hardware-agnostic surgical software that allows minimally invasive surgical systems (laparoscopes, arthroscopes and robots) to autonomously collaborate with surgeons.” Site

$11.1 million in equity and other securities – Cayaba Care – Is currently local to Philadelphia but the funding implies expansion aspirations. Services are a mix of in-person and virtual via text or email. “Home-based pregnancy care. Personal, friendly help between OBGYN visits from your own team of experts.” Site

$10 million – Heard Mental Health – Here’s a health tech stack company that was new to me: “Heard combines smart software with real humans to handle accounting, payroll and taxes for therapists.” Site

$5.7 million – Enara Health – Enara is in the increasingly competitive virtual weight loss market. “A holistic program developed and personalized just for you, the way you eat, your physical activity, and your genes.” Site

$5.4 million securities and SAFEs – RxLightning – “RxLightning digitizes, automates and streamlines the historically complicated manual enrollment process of starting a patient on specialty medications.” Site

$4.5 million – Prevounce Health – “Prevounce creates wellness that works for everyone, with practice-specific, software-based programs that make preventive care, chronic care management, and remote patient monitoring easier to prep for, perform, document, and bill.” Site

$2.3 million in debt and other securities – Marani Health – “Marani Health [is] an AI-powered platform for remote pregnancy care co-founded by the Mayo Clinic.” Site

$400,000 in a SAFE – Apaly Health – Blockchain health startup focused on “digital direct healthcare”. “Software to support direct contracting and transacting in healthcare.” Site

Let’s call that E&O Mondays Issue 052. 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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