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 record of among the greatest 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 teach 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 section of progress, with a give attention to increasing into new consumer 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 main care providers. It notably focuses on high-risk sufferers. The corporate has home-based main care practices throughout 15 states.
Its $200 million funding spherical was led by Basic Catalyst, McKesson Ventures and a “massive 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 develop to extra markets and construct new applied sciences to enhance scientific 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 presents meditation, teaching, remedy, remedy and different providers. Its Precision Psychological Healthcare providing analyzes information on sufferers’ signs and socio-demographic info 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 Ok Warren Basis, RRE and Northzone. It brings Spring Well being’s valuation to $3.3 billion. The funding will assist product and expertise growth and assist the corporate develop 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, scientific coaching, scheduling, billing and different providers. On Headway’s platform, sufferers can seek for psychological well being suppliers by location, concern and insurance coverage service, 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 assist sufferers combating most cancers. It gives care navigation providers, expertise and information insights and therapeutic interventions. The corporate additionally helps sufferers perceive their analysis, discover a most cancers physician and obtain scientific care between appointments.
The $95 million capital elevate contains $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.
Photograph: Abscent84, Getty Photographs
