Jun 30,2021

SWORD Health Raises $85M Series C, Highlighting Industry-Leading Growth to Revolutionize Musculoskeletal Care

The virtual MSK provider drew up $85 million in a series C funding round led by General Catalyst with participation from BOND, Highmark Ventures and BPEA along with returning investors Khosla Ventures, Founders Fund, Transformation Capital and Green Innovations. The fresh capital follows quickly on the heels of a $25 million series B round in January, raising the total to $135 million to date. The company plans to use the fresh capital to build its value-based MSK platform to help reduce costs to payers, employers and providers.

FUNDING SERIES C
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Sep 08,2021

RecoveryOne Closes $33 Million Series C Financing

RecoveryOne, a leading innovator in evidence-based solutions that personalize and improve the path to recovery from musculoskeletal (MSK) conditions, today announced completion of a $33 million Series C funding round co-led by Cobalt Ventures, a wholly-owned subsidiary of Blue Cross and Blue Shield of Kansas City (Blue KC), and TELUS Ventures, the strategic investment arm of Canadian telecommunications and health technology company TELUS. The Series was rounded out by Cigna Ventures, 7wireVentures, and Leverage Health Solutions. RecoveryOne will utilize the investment capital to fuel continued growth in the payer and employer markets.

FUNDING SERIES C
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Sep 23,2021

Meru Health secures $8M in debt for ‘holistic’ online mental health platform

As COVID forced people to seek online options for all types of healthcare, including mental health, it’s no surprise that Meru Health grew its customer base by 10x and saw about 700% revenue growth in 2020. And today, the startup is announcing that it has secured $38 million in a Series B round of funding, bringing its total raised since its 2016 inception to $51.3 million. Industry Ventures led the $30 million equity round. The remaining $8 million was secured in debt. Early backers Bold Capital Partners, Foundry Group, Freestyle VC, FMZ Ventures and Leksell Social Ventures also participated in the equity financing, while J.P. Morgan funded the debt portion of the round.

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Sep 23,2021

Meru Health secures $30M in equity for ‘holistic’ online mental health platform

As COVID forced people to seek online options for all types of healthcare, including mental health, it’s no surprise that Meru Health grew its customer base by 10x and saw about 700% revenue growth in 2020. And today, the startup is announcing that it has secured $38 million in a Series B round of funding, bringing its total raised since its 2016 inception to $51.3 million. Industry Ventures led the $30 million equity round. The remaining $8 million was secured in debt. Early backers Bold Capital Partners, Foundry Group, Freestyle VC, FMZ Ventures and Leksell Social Ventures also participated in the equity financing, while J.P. Morgan funded the debt portion of the round.

FUNDING SERIES B
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Oct 28,2021

Tilak Healthcare Raises €7m to Deploy Its Remote Vision Monitoring Platform

Tilak Healthcare, a pioneering company developing mobile games with medical modules to monitor patients with chronic ophthalmological conditions, has announced a €7 million fundraising round managed by Elaia, with the participation of Swen Capital Partners, Matmut Innovation, and co-founder and long-time investor iBionext Growth Fund. This latest investment shows continued confidence in the company.

FUNDING SERIES A
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Nov 16,2021

Manchester startup Xploro focuses on international expansion with £100K loan

Based in Manchester, Xploro, a platform using augmented reality, artificial intelligence and gameplay delivers health information to young patients. Now, the company has secured a loan of £100K from the Greater Manchester Export Fund, backed by the Recovery Loan Scheme and delivered by GC Business Finance, a specialist lender.

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Nov 22,2021

Sword Health Raises $163M and Reaches $2B Valuation as the Fastest-Growing Digital MSK Company

The primary funding round of $163M was heavily oversubscribed, resulting in investors purchasing an additional $26M, in a secondary transaction which propelled the valuation to $2B. The Series D funding round led by Sapphire Ventures, a leading global technology-focused venture capital firm with participation from new investors Sozo Ventures, Willoughby Capital, ADQ and Localglobe, and from all major investors including General Catalyst, Khosla Ventures, Founders Fund, Bond, Transformation Capital, and Green Innovations. This brings the total primary and secondary transactions to more than $320M invested in SWORD, with the current round valued at $1.8B, catapulting it to healthtech unicorn status.

FUNDING SERIES D
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Dec 01,2021

Dawn Health raises $25M in Series A

The Danish HealthTech and healthcare SaaS provider Dawn Health, operating in the UAE and Denmark, has successfully raised $25M in their latest funding round to expand their MENA base. The Series A round was led by a consortium of veteran investors including three Danish entities, namely Chr. Augustinus Fabrikker, Vaekstfonden - The Danish Growth Fund, and angel investor Lars Marcher. Following the investment, Lars Marcher will assume the role as Chairman of the Board of Directors, accompanied by John Rubek Lauritsen from Chr. Augustinus Fabrikker and Mads Lacoppidan from the Danish Growth Fund.

FUNDING SERIES A
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May 10,2022

Finland’s Meru Health received a notable grant to conduct a study to evaluate its mobile app program

Finnish-based digital healthcare platform Meru Health has received 2 million dollars from the National Institute of Mental Health in research into digital mental health program. The company will benefit from the grant to carry out a study on 300 primary care patients who are suffering from major depression. This study will be conducted to see the result of its 12 week-long mobile app program.

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May 26,2022

Simplyhealth makes second significant investment of 2022 by taking stake in Ampersand Health

The UK’s leading health and dental plan provider Simplyhealth, has announced it has invested in Ampersand, provider of digital therapies for inflammatory conditions. This collaboration will help accelerate the adoption of digital therapeutics in the UK, reducing outpatient appointments, improving health outcomes and cutting unplanned hospital visits for patients suffering with a broad range of inflammatory conditions.

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