A daily newsletter summarizing recent activity & interesting startups globally


  • Intelligent Medical Objects (IMO) delivers a comprehensive suite of integrated, clinician-friendly medical vocabulary solutions received a strategic investment from Ascension Ventures. Link
  • CrossTx offers cloud-based care coordination and referral management software for healthcare professionals $735k raised Angel Round led by the Frontier Angel Fund 2, a Pacific Northwest-based group of accredited angel investors. Link
  • Voxello provides solutions for impaired hospitalized patients who cannot communicate by traditional means, raised $287k from Mid-America Angels investment group. Link
  • Susmed, short for “Sustainable Medicine” takes user data, puts it through an algorithm, and then provides advice for fixing patients insomnia raised a seed round of $880K. Link
  • STI Technologies, a company that offers a card-based program allowing drug companies to distribute product samples to physicians and patients has reached a deal with an unnamed purchaser to sell for about $200 million. Link
  • Doctor.com which works with healthcare organizations of all sizes to optimize their online visibility received $5 million in Series A funding from Spring Mountain Capital. Link
  • Overl.ai, a New York-based healthcare automation intelligence startup was acquired by TruClinic, a provider of web-based telemedicine solutions for providers and organizations. Link
  • Moving Analytics which develops smartphone-based digital therapies for chronic disease management to help cardiac patients complete their rehab at home has raised a funding round from OCA Ventures.Link
  • Imaging Advantage which provides RadAdvisor, a cloud-based decision support platform for radiologists has signed a definitive agreement to be purchased by physician services firm Envision Healthcare. Link
  • WhiteSpace Health, a provider of data analytics and cloud-based healthcare intelligence was acquired by Omega Healthcare Management Services. Link
  • MediSafe a medication management platform, connecting patients and health providers  $14.5 million in Series B funding from  Qualcomm Ventures, Octopus Ventures, Pitango Venture Capital, 7wire Ventures, TriVentures and Merck Venture. Link
  • OhMD, a mobile app that facilitates communication between healthcare providers and patients $1.2M seed round led by Eideard Venture Capital. Link
  • Matrix Analytics which is developing tools and algorithms to aid in disease diagnosis and treatment raised seed round with an investment from billionaire investor Mark Cuban. Link
  • Curvo Labs which provides data platform for hospitals, surgery centers, and medical device companies to connect and share information raised $900k in seed funding led by Indiana-native Kent Parker, founder and President of Florida-based Snake Run Capital, with participation from Indianapolis-based Elevate Ventures. Link
  • Aledade which partners with independent, primary-care physicians to form and manage ACOs and creates software, platforms, and applications to assist with patient outreach, engagement and treatment raised $20M in funding led by Biomatics Capital, with participation from new investors including GV (formerly Google Ventures) and the Maryland Venture Fund, and existing investors Venrock and ARCH Venture Partners. Link
  • PokitDok an API platform that streamlines transactions for healthcare organizations received a strategic investment from GIS Strategic Ventures. Link
  • Simplifeye a SaaS product that helps doctors to be more efficient using wearables like the Apple Watch and providing the right information at the right time has raised $3M. Link
  • Eliza Corporation which provides integrated healthcare communication services for health plans, pharmacy benefit managers, and pharmaceutical companies was acquired by HMS Holdings Corp a leading provider of coordination of benefits, payment integrity, and care management solutions for payers for $170M. Link
  • Babel Health, a health data management company building SaaS applications for payers raised $1.5M in Bridge Fundings. Link
  • Carepredict, an intelligent monitoring solution for senior citizens raised an undisclosed funding round led by Las Olas Venture Capital. Link
  • Connecture which delivers solutions to integrate web-based sales, service and process automation to the health insurance industry raised $17.5M led by Francisco Partners. Link
  • EvidenceCare which provides a clinical decision support platform for clinicians to access patient-specific evidence-based treatment recommendations at the bedside closed $2M convertible Note B funding from NueCura Partners. Link
  • CareDox which is digitizing health and immunization records for schools, daycares, and camps raised $6.4m Series A funding round led by Digitalis Ventures with participation from First Round Capital, Giza Venture Capital, TEXO Ventures, and Prolog Ventures. Link
  • CoheroHealth, a respiratory care platform that enables adults and kids with respiratory illness to actively engage in their own care announced the addition of strategic investors Samsung NEXT and Omron Healthcare to oversubscribe their Series A round. Link
  • AliveCor has a device and application that will turn any smartphone into a clinical-quality electrocardiogram (ECG) recorder raised $30 million late-stage funding round led by medical device maker Omron Healthcare and the Mayo Clinic. Link
  • Sense.ly, a clinical platform which uses natural user interfaces to facilitate the assessment of a patient’s condition and provide insights raised $8M in Series B funding from StanfordStartX Fund, BioMed Ventures, Chengwei Capital, Mayo Clinic and Fenox Venture Capital. Link
  • THINKmd offers MEDSINC, an integrated point-of-care clinical assessment tool that enables a minimally skilled user to gather patient information, assess the severity of illness and provide treatment recommendations raised an undisclosed seed amount from Freshtracks Capital, Dai. Link
  • Polyglot Systems which provides software-based communication solutions designed to health care organizations. patient-provider communications was acquired by FDB the which is a leading provider of drug and medical device knowledge that helps healthcare professionals make precise decisions. Link
  • Livongo provides a system for diabetes management includes a glucose meter that transmits data to the cloud where they can be analyzed and monitored by the company’s diabetes educators raised an additional $52.5 million in a round led by General Catalyst and Kinnevik. Link


Qure.ai (2016, Mumbai) – An AI-based clinical decision support tool for analyzing diagnostic images and giving insight to the doctor.
Healthcode.io (2016, Singapore) –  A collaborative platform healthcare stakeholders including innovators, clinicians, researchers, and investors.
Vitalyze (2016, Phoenix) – Next generation predictive analytics engine helping healthcare professionals with quick and easy to understand information to provide personalized health and wellness care.


Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.
Privia Health (2007, Virginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Lumeris (2001, Maryland Heights, $211M) – Provider of population health management solutions to health systems, payers and providers. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.

Population Health Management
MedHOK (2009, Tampa, $77M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.
Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.

Patient Engagement
Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
MindMaze (2012, Lausanne, $118.5M) – Develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.

Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Care Coordination
Remedy Partners (2006, San Franciso, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.
PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.

Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.
iRhythm Tech (2006, San Franciso, $95M) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund,and Qualcomm Ventures.

Hospital Information Management Systems
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.
Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.

EHR Platform
Practice Fusion (2005, SF, $155M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB.

Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcareproviders. Backed by  Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.

Practice Management
We Doctor Group (2010, Hangzhou, $521M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.

Practo (2008, Bangalore, $125M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.

Home care Management
Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences.

Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.

Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.

Administrative Solutions
Livescribe (2007, Oakland, $156M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015.

Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.
Phreesia (2005, NYC, $76M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners.
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.

Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.

Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management.

McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.
Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.

Benefits Administration
Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.

Employee Fitness & Wellness
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners.
Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.

Healthcare Delivery
Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital.
Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital.

Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.

NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006.
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.
HealthEdge (2004, Burlington, $58M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.

Express Scripts (1986,Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.

CatamaranRx (1981,Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors and caregivers with prescription data to improve health outcomes.
Talyst (2012,Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012,Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

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