6.06.22
3 min. Read

Nine secret health tech investments

Issue 055

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 9 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…

 

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

Instead of rehashing the dozens of funding deals you’ve already read about, 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. Read on for more funding you might see reported elsewhere in the weeks ahead…

$46.3 million – Digital Diagnostics – One of the company’s SaMDs is DermSpot, “an algorithm that uses artificial intelligence (AI) and highly standardized skin images to autonomously detect melanoma, squamous cell carcinoma, and basal cell carcinoma.” More generally, the company describes its offerings like this: “Our AI systems are autonomous – not assistive – enabling disease detection in primary care that would typically involve specialists.” Site

$35.7 million – Boulder Care – This virtual clinic offers “whole-person, coordinated outpatient care, including prescriptions for Suboxone and other medications for addiction treatment (MAT), delivered entirely through a secure, private app on your phone.” The company’s two current focus areas are alcohol use disorder and opioid use disorder. Site

$23.4 million – Perry Health – This company was formerly known as Robin Health, and is a Type II diabetes-focused virtual clinic that seems to focus on Medicare patients. “Perry provides care between doctor visits. Our members receive a cellular-connected glucometer and unlimited strips, shipped for free directly to their home. With our meter, blood glucose readings are transmitted automatically to our care team of doctors, nurses, and dietitians. This team delivers preventative care, nutritional education, and guidance around medication usage 7 days a week.” Site

$22.7 million – Socially Determined – “Socially Determined provides Social Risk Intelligence solutions to organizations committed to addressing the Social Determinants of Health (SDOH) impacting their communities and populations. The company’s platform, SocialScape, delivers unmatched insights into social risk dynamics and their effect on health outcomes and business performance through secure, scalable data processing and proprietary analytics. With SocialScape’s unparalleled view of social risk and Socially Determined’s advisory services expertise, clients can deploy interventions and investments that translate to quantifiable impact.” Site (The local business news site Washington Business Journal also picked this up this week, but no other sites did — as far as I can tell.)

$8.9 million – Octagos Health – The company has developed “a multifaceted approach to remote monitoring with a solution that balances the power of cutting edge software and a human touch with service provided by cardiac device experts. Our solution allows clinicians to focus on other ways of delivering meaningful healthcare and more efficiently manage their remotely monitored patients.” Site

$7.5 million – Datacubed Health – The company develops tech for remote clinical trials: “The Datacubed Linkt platform represents a unique opportunity to provide a single hub that can simplify participation – from consent to data collection to televisits, while driving greater patient compliance and retention.” Site (NY-focused tech site AlleyWatch picked up this news last week, but no health new sites have — as far as I can tell.)

$3.7 million – Aavia – This company makes a period tracking app and smart pill case. “Take the birth control pill? Our smart case contains sensors that know exactly what time you took your pill, reminds you until you actually take it, and automatically records it in the app.” Site (NY-focused tech site AlleyWatch also picked this up last week.)

$1.5 million – Counslr – “Counslr is a platform providing college students with remote text-based mental health counseling. Our goal is to help you prioritize your mental health, on your own schedule, from the comfort of your own device. Counslr is available for free to all students at partnered colleges and universities.” Site

$1.3 million – Doctivity – The. “Doctivity is an intuitive software platform that increases revenues through service line optimization and referral management by reducing leakage, improving operating performance and growing market share.” Site

Let’s call that E&O Mondays Issue 055. 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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