December 4, 2022


Keep Fit & Healthy

Emergency response platform RapidSOS raises $75M and more digital health fundings

4 min read

Facts-pushed unexpected emergency response system RapidSOS announced closing a $75 million funding round, bringing its total cash raised to more than $250 million. 

The New York-dependent company supplies crisis responders with authentic-time health and location data in advance of they get there on the scene, gathered from smartphones and other related units ranging from wearables to motor vehicles and nearby surveillance techniques. 

NightDragon led the newest round of funding, with supplemental investments from Honeywell, BAM Elevate, Axon, Insight Partners, the Citi Impression Fund, M12, Highland Funds Companions, Playground World-wide, Forte Ventures, Avanta Ventures and C5 Capital. 

In 2021, RapidSOS introduced the close of an $85 million Sequence C funding spherical led by Perception Companions, noting its platform was in use amongst much more than 4,800 unexpected emergency communications facilities across the U.S.

Now, the firm reviews a presence in far more than 15,000 very first responder agencies on four continents. 

“For a ten years, we have had the privilege to understand from our nation’s initial responders to establish technologies that supports their lifestyle-preserving operate,” Michael Martin, founder and CEO of RapidSOS, said in a statement. “Hundreds of millions of life are impacted just about every yr by the heroism of these folks, and we are honored to have companions in this journey that share in a eyesight to renovate security, safety and crisis reaction.” 

Chicago-dependent HealthJoy, a electronic personnel added benefits platform, lifted $60 million in Collection D funding that it will use to speed up advancement. 

The existing round was led by Valspring Cash, with participation from new traders Endeavour Vision and CIBC Innovation Banking, bringing the full elevated to more than $108 million. 

Present buyers GoHealth co-founders Brandon Cruz and Clint Jones, US Venture Partners, Nueterra Capital, Wellness Velocity Capital and Epic also participated in the spherical.

HealthJoy, started in 2014, expanded its business enterprise from the person well being insurance current market to worker engagement and price tag containment in 2016. 

The business features Pleasure, a digital assistant that will help people fully grasp their positive aspects packages and navigate their treatment solutions as a result of an AI-guided conversation. Together with displaying an individual’s coverage, the system includes 24/7 are living care supplier aid and a log of historical promises info and past discussions.

HealthJoy’s modern funding comes immediately after its $30 million Sequence C funding spherical in 2020 and $12.5 million Sequence B funding round in 2019.

Faculty-primarily based pediatric telehealth service provider Hazel Health introduced the closure of a $51.5 million Sequence C1 funding spherical with participation from Owl Ventures, Tao Money Associates, Memorial Hermann, Firework Ventures and Carrie Walton Penner as a result of Fiore Ventures. 

Hazel Health and fitness partners with college districts to offer virtual care clinics inside of the faculty nurse’s workplace. Hazel also delivers tools to schools, these as thermometers and around-the-counter medication, and trains college nurses and workers on launching a visit and getting students’ vitals. 

The new round of funding will help the firm’s expansion and allow for for ongoing products innovation.

Hazel announced a $33.5 million Collection C raise headed by Owl Ventures and Bain Cash Ventures in 2020.

Navina, an Israeli startup creating an AI-dependent system for principal care companies, introduced a $22 million Series B funding spherical led by ALIVE Israel HealthTech Fund, with participation from present traders Grove Ventures, Schusterman Household Investments and Vertex Ventures Israel.

The company’s device builds “client portraits” that reorganize disparate individual info for accessible clinician critique and highlights info that could be clinically applicable to each individual situation. 

The latest spherical, which doubles the complete financial investment to date to $44 million, will be utilised to speed up the firm’s progress and adoption among the U.S. physician teams and the company health care market place. 

Navina will also further more spend in its AI technology and medical algorithms and extend its integration of emerging facts resources. 

Galen Robotics, which touts a services design for its surgical robotic system, introduced the initial shut for an oversubscribed $15 million Collection A funding round led by Ambix Healthcare Associates.

Galen utilized the Sequence A funding to complete its remaining robot prototype and submit the new collaborative delicate tissue surgical robot for Fda thing to consider. It will also use the funds to increase medical care groups, expand engineering, build surgeon instruction systems and raise product or service improvement. 

The business opened a next near for the Sequence A funding spherical for an supplemental $5 million, which it expects to wrap up quickly.

California-based Midi Wellness, a digital care clinic for menopause, acquired a $14 million seed expense co-led by Felicis and SemperVirens.

Other contributors in the elevate include Emerson Collective, Operator Collective, Icon Ventures, Muse Funds, Steel Sky Ventures, and Anne and Susan Wojcicki. 

Midi Wellbeing delivers virtual care guided by physicians and researchers who oversee a network of nurse practitioners and delivers interventions from way of life coaching to prescription treatment. 

The organization now provides insurance policies-coated care in California and will use the new cash to grow functions nationwide and launch partnerships with medical center systems and U.S. businesses. 

Lumata Wellness, a observe administration system for ophthalmology, lifted $4 million in a Sequence A round.

The spherical, led by Cortago Ventures with participation from Wolfpack Investor Community and 30 training ophthalmologists, will enable the clever eye treatment management system scale its existence across the U.S. and improve its platform, creating predictive analytics and incorporating automatic affected individual conversation pathways. 

The startup formerly acquired additional than $2 million in analysis funding from the National Eye Institute. 

Leave a Reply