May 19,2020

Omada Health scores $57 million as coronavirus pandemic sparks investor interest in health tech

Omada Health is capitalizing on the sudden interest from investors. The company just pulled in $57 million from investment fund Perceptive Advisors, which focuses on health and life sciences, and it used some of that money to buy a smaller digital health start-up called Physera, which specializes in virtual physical therapy. Approximately $30 million of the total sum was used for the acquisition, a person familiar with the deal told CNBC.

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Jun 25,2020

Gendius diabetes AI development awarded £50,000

The Momentum Fund was established to support the introduction and adoption of needs-led, evidence-based innovations into the healthcare system within Greater Manchester. AI tool from Gendius to support patients to manage their diabetes, a clinical decision platform to help with earlier discharges from the Emergency Department and an online system to match clinician availability to patient needs in real-time were among four winners set to receive a share of £200,000 to improve health and care in Greater Manchester. Gendius have developed the Intellin app, which uses AI to calculate an individual’s risk of developing complications from their diabetes based on their clinical history.

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Jul 24,2020

Diabetes Management Platform Gendius Hits 250,000 Downloads as Latest Crowdcube Funding Round Overfunds

Gendius, a UK-based diabetes research company, has successfully raised 300,000 through its latest equity crowdfunding campaign on Crowdcube. The funding round comes less than a year after Gendius raised more than 500,000 through its first Crowdcube initiative.

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Aug 10,2020

Senseonics Announces a Financing Agreement with Master Special Situations, LLC on the Heels of Strategic Partnership with PHC Holdings Corporation

The company also announced a concurrent financing agreement with PHC Holdings Corporation, the parent company of Ascensia. In addition, Senseonics also announced a financing agreement with Masters Special Situations, LLC and affiliates thereof (“MSS”). The financing arrangements collectively provide for a total of up to $80 million of debt and equity capital, as $50 million invested by the PHC Holdings.

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Aug 10,2020

Senseonics Announces Strategic Collaboration with Ascensia Diabetes Care

Senseonics Holdings today announced the formation of a strategic partnership with Ascensia Diabetes Care, through a commercialization and collaboration agreement, which will make Ascensia the exclusive worldwide distributor of Senseonics’ Eversense® CGM systems. Ascensia’s parent company, PHC Holdings Corporation, will also provide up to $50 million to Senseonics through (i) the purchase of $35 million in aggregate principal amount of convertible debt securities in a transaction expected to close on or about August 14, 2020 and (ii) a commitment to purchase up to an additional $15 million in convertible preferred stock, at Senseonics’ option and contingent upon FDA approval of the 180-day Eversense sensor in the U.S..

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Sep 15,2020

Brighter receives SEK 21.7 million from exercise of TO4 warrants

The final exercise period for Brighter’s TO4 warrants is now completed. The company receives SEK 21.7 million and the number of shares increases by 10,867,670, to a total of 209,904,250 shares. With this, Brighter TO4 warrants ceases to exist.

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Sep 16,2020

DreaMed Diabetes Gets $5 Million Grant to Test Virtual Diabetes Care Solutions

DreaMed Diabetes expertise in the diabetes management space has positioned the company to receive a $5 million dollar grant as part of a research study to determine the effectiveness of virtual diabetes care. Funding for the research study comes from The Leona M. and Harry B. Helmsley Charitable Trust and will focus on determining if the virtual clinic model improves clinical and psychological outcomes for people with diabetes. DreaMed, with partner Cecilia Health, will provide a multi-faceted platform to fully evaluate the effectiveness of virtual clinics using DreaMed’s technology.

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Sep 25,2020

Hygieia Raises $1.7M Debt Finance

Hygieia received $1.7 million funding in a debt finance according to the SEC form registered.

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Oct 08,2020

Lark Health Raises $55 Million Series C to Bring A.I.-Driven Chronic Conditions Care to More People

Lark Health today announced it has closed a $55 million Series C funding round led by King River Capital, as well as a $15 million venture debt credit facility with Trinity Capital and Bridge Bank. The round also includes new investors Franklin Templeton, SteelSky Ventures, and Olive Tree Capital; and existing Lark investors Lightspeed Ventures, Asset Management Ventures, Dr. Jonathan Fielding of UCLA Fielding School of Public Health, and Weili Dai, co-founder of Marvell. Lark has raised a total of over $100 million in equity and debt funding to date.

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Oct 09,2020

Lark Health Raises $15 Million Debt Financing with Trinity Capital and Bridge Bank

Lark Health today announced it has closed a $55 million Series C funding round led by King River Capital, as well as a $15 million venture debt credit facility with Trinity Capital and Bridge Bank. The round also includes new investors Franklin Templeton, SteelSky Ventures, and Olive Tree Capital; and existing Lark investors Lightspeed Ventures, Asset Management Ventures, Dr. Jonathan Fielding of UCLA Fielding School of Public Health, and Weili Dai, co-founder of Marvell. Lark has raised a total of over $100 million in equity and debt funding to date.

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