SentiAR , 1upHealth , Oshi Health
After a turbulent few years for home fitness, Tonal gets fresh funding and new CEO
Weight training platform Tonal got a $130M raise, led by L Catterton, Cobalt, Dragoneer, Kindred Ventures and THVC.
Tonal is a smart home gym that uses artificial intelligence and coaching to provide strength training.
Krystal Zell is the Chief Executive Officer of Tonal. She joined the company in July 2022 as President. Zell says her primary focuses have been on marketing and channel. The company doesn’t disclose the location of its manufacturing for fear of losing a “competitive advantage,” though domestic/local manufacture and assembly have clearly been top of mind for many big-ticket home fitness makers, particularly in the wake of years of supply chain constraints. On the marketing side, that means casting a smaller, more targeted net. At the height of the connected fitness crazy, high-cost national advertisements were suddenly par for the course, in a bid to capture the attention of consumers who suddenly found themselves stuck at home.
After a turbulent few years for home fitness, Tonal gets fresh funding and new CEO | TechCrunch
Following a few roller coaster years for home fitness, Tonal announces a new CEO and funding focused on getting the firm to profitability.
Digital Mental Health Company Spring Health Raises $71M, Hits $2.5B Valuation
Digital behavioral health benefits company Spring Health has raised $71 million in a new funding round. This brings the unicorn’s valuation to a whopping $2.5 billion.
New York-based Spring Health is a B2B behavioral health organization that teams up with employers and health plans to offer digital support, meditation exercises, coaching, therapy and medication. Its clients include Microsoft, The Hershey Company, JB Hunt, Bumble and Fujifilm.
The new round comes less than two years after the company closed a $190 million Series C funding round. In total, the company has raised more than $370 million in venture funding.
Founded in 2016, the startup has been focused on growth of late. It announced that the company doubled its headcount in 2022.
https://bhbusiness.com/2023/04/12/digital-mental-health-company-spring-health-raises-71m-hits-2-5b-valuation/?mc_cid=9ec2f3f892&mc_eid=df5e82ed1d1upHealth pockets $40M Series C
1upHealth today announced the close of a $40M Series C investment led by Sixth Street Growth with participation from existing investors F-Prime Capital, Jackson Square Ventures, and Eniac Ventures.
1upHealth will use this latest investment to expand product development and customer growth teams and accelerate efforts to lead the digital transformation of the healthcare industry in the cloud.
1upHealth’s FHIR®-native platform designed for interoperability and modern computing is used by over 75 enterprise organizations including leading national and regional health plans, the highest performing CMS ACOs, international clinical research organizations, and over 20 state medicaid agencies. By leveraging the industry’s FHIR standard, modern and open cloud architecture, and restful APIs, 1upHealth helps customers acquire, store, and interact with the data needed to power their business operations and analytics.
Health Data Cloud Leader 1upHealth Raises $40 Million Series C led by Sixth Street Growth | Business Wire
1upHealth today announced the close of a $40M Series C investment led by Sixth Street Growth with participation from existing investors F-Prime Capita
Oshi Health Raises $30M Series B Funding to Scale Access to Its Virtual Multidisciplinary Digestive Care
Oshi Health, the virtual specialty care company transforming gastrointestinal (GI) health outcomes and economics, today announced that it has raised $30 million in Series B funding led by Koch Disruptive Technologies (KDT) and joined by existing investors Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures and Takeda Digital Ventures.
This funding will bolster the company’s market leadership and momentum, as its recent clinical study results are driving accelerated contracting with payers and employers to reimburse access to Oshi Health as a covered benefit. The rigorous clinical trial of Oshi Health’s differentiated clinical model, conducted by a national health plan in a large commercially insured population, showed 92% of patients report symptom improvement with 98% patient satisfaction. These outcomes are even more significant in conjunction with driving all-cause medical cost savings of $10,292 per patient in just six months.
Oshi Health is currently available to over 20 million people as a preferred in-network virtual gastroenterology clinic for national and regional insurers, as well as their employer customers. Oshi also partners with community GI practices in a collaborative hybrid model to extend access to care, including reimbursed access to dietary and behavioral therapies proven to improve GI outcomes.
https://www.vcaonline.com/news/2023041113/oshi-health-raises-30m-series-b-funding-to-scale-access-to-its-virtual-multidisciplinary-digestive-care/Scene Health Raises $17.7M To Improve Medication Adherence for Medicaid, Medicare Population
Baltimore, Maryland-based Scene Health, formerly known as emocha, is a mobile app that serves Medicaid and Medicare plans, as well as pharmaceutical companies and clinical research organizations. The app aims to help patients improve medication adherence. It does this by connecting users with a team of pharmacists, nurses and health coaches and uses daily asynchronous video check-ins to prompt patients take their medications properly. Scene Health is working to grow its reach after announcing Wednesday that it secured $17.7 million in Series B funding.
The funding round was led by ABS Capital Partners and includes participation from Claritas Health Ventures, PTX Capital, Kapor Capital and Healthworx, the investment arm of CareFirst BlueCross BlueShield. Since Scene Health was founded in 2014, it has raised more than $25 million total.
Scene Health Raises $17.7M To Improve Medication Adherence for Medicaid, Medicare Population - MedCity News
Scene Health’s $17.7 million Series B funding round was led by ABS Capital Partners and includes participation from Claritas Health Ventures, PTX Capital, Kapor Capital and Healthworx, the investment arm of CareFirst BlueCross BlueShield. Since Scene Health was founded in 2014, it has raised more than $25 million total.
SentiAR Closes $8.5M Series B Financing
SentiAR, a St. Louis, MO-based company advancing Augmented Reality (AR) visualization technology for medical procedures, raised $8.5M in Series A funding.
The round was led by cultivate (MD) Ventures with participation from MedVenture Partners alongside insider investors, including TechWald Holding, VCapital, QRM Capital, and Harmonix Fund.
The company intends to use the funds to launch additional partnerships and wider clinical deployments.
Founded by Dr. Jennifer Silva, MD, FHRS, FACC, FAHA, Dr. Jonathan Silva, PhD of Washington University in St Louis and Mike Southworth, MS. and led by CEO Berk Tas, SentiAR provides CommandEP, which integrates existing imaging systems to create a real time 3D holographic interface. This interface provides physicians with an interactive, 360-degree view of the patient’s specific anatomy to allow them to deliver cardiac ablation therapy to patients. The CommandEP system utilizes a specially designed headset worn by the physician allowing hands-free manipulation of the patient’s data, in addition to real-time heart anatomy and catheter locations inside the heart. The CommandEP system is designed to be utilized during cardiac ablation procedures to increase physician navigation accuracy and speed.
SentiAR Closes $8.5M Series B Financing
SentiAR, a St. Louis, MO-based company advancing Augmented Reality (AR) visualization technology for medical procedures, raised $8.5M in Series A funding
Remote care management platform MedArrive raises $8M
MedArrive, a care management platform that merges telehealth and in-person care, announced it received an $8 million strategic investment from Cobalt Ventures, a Blue Cross and Blue Shield of Kansas City subsidiary.
The round brings the company’s total raise to $40.5 million.
MedArrive offers a provider network of paramedics, EMTs and other healthcare providers who visit patients on behalf of their health insurance plan, providing in-home healthcare services, diagnostics, health assessments and preventative health measures. The company also assists with transportation, nutrition and mobility.
With the new investment, the company will increase its work with payers, grow its team, build its platform and expand into new markets.
Remote care management platform MedArrive raises $8M | MobiHealthNews
The funds will be used to grow the company’s team and platform, further its work with payers and expand into new markets.
Tara Mind Raises $3M in Pre-Seed Funding
Tara Mind, a Tysons, VA-based mental health company that enables safe and affordable access to psychedelic-assisted therapy (PAT), raised $3m in pre-seed funding.
Red Cell Partners made the investment.
The company intends to use the funds to expand its network of vetted PAT providers across the US and abroad and develop proprietary digital measurement-based care tools designed to ensure safety, optimize outcomes, and trigger early interventions when necessary.
Founded in 2022, Tara Mind is a Public Benefit Corporation that aims to expand access to psychedelic-assisted therapy (PAT). The company has built a network of vetted providers across the US and abroad to deliver PAT and is equipping them with proprietary digital measurement-based care tools that underpin the data-driven framework that supports value-based reimbursements for PAT by both employers and payors.
