May 24, 2024


We Do Health Right

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

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

Info-driven crisis reaction platform RapidSOS announced closing a $75 million funding spherical, bringing its whole money lifted to far more than $250 million. 

The New York-primarily based enterprise delivers emergency responders with serious-time health and place details ahead of they get there on the scene, collected from smartphones and other related products ranging from wearables to motor automobiles and close by surveillance methods. 

NightDragon led the latest spherical of funding, with added investments from Honeywell, BAM Elevate, Axon, Perception Companions, the Citi Impact Fund, M12, Highland Money Associates, Playground World, Forte Ventures, Avanta Ventures and C5 Cash. 

In 2021, RapidSOS announced the near of an $85 million Series C funding round led by Insight Companions, noting its system was in use between much more than 4,800 unexpected emergency communications facilities throughout the U.S.

At this time, the firm reports a presence in far more than 15,000 very first responder agencies on four continents. 

“For a ten years, we have experienced the privilege to master from our nation’s 1st responders to establish technological innovation that supports their life-saving get the job done,” Michael Martin, founder and CEO of RapidSOS, mentioned in a assertion. “Hundreds of millions of life are impacted just about every calendar year by the heroism of these people today, and we’re honored to have companions in this journey that share in a vision to transform protection, stability and emergency response.” 

Chicago-based mostly HealthJoy, a electronic personnel advantages system, elevated $60 million in Series D funding that it will use to accelerate development. 

The present round was led by Valspring Capital, with participation from new investors Endeavour Vision and CIBC Innovation Banking, bringing the total raised to more than $108 million. 

Present traders GoHealth co-founders Brandon Cruz and Clint Jones, US Undertaking Companions, Nueterra Funds, Health and fitness Velocity Capital and Epic also participated in the round.

HealthJoy, established in 2014, expanded its business enterprise from the particular person health insurance plan market to employee engagement and cost containment in 2016. 

The firm features Pleasure, a digital assistant that will help customers comprehend their advantages packages and navigate their care solutions through an AI-guided conversation. Along with displaying an individual’s protection, the platform incorporates 24/7 reside care company assistance and a log of historical claims information and facts and earlier discussions.

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

Faculty-centered pediatric telehealth service provider Hazel Well being introduced the closure of a $51.5 million Collection C1 funding spherical with participation from Owl Ventures, Tao Capital Associates, Memorial Hermann, Firework Ventures and Carrie Walton Penner by way of Fiore Ventures. 

Hazel Wellness partners with university districts to offer virtual care clinics within the faculty nurse’s office. Hazel also delivers devices to schools, these as thermometers and in excess of-the-counter medication, and trains college nurses and team on launching a go to and getting students’ vitals. 

The new spherical of funding will assistance the firm’s expansion and enable for continued solution innovation.

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

Navina, an Israeli startup developing an AI-based mostly system for major care suppliers, introduced a $22 million Collection B funding round led by ALIVE Israel HealthTech Fund, with participation from present traders Grove Ventures, Schusterman Household Investments and Vertex Ventures Israel.

The firm’s device builds “affected individual portraits” that reorganize disparate affected person data for accessible clinician assessment and highlights information that could be clinically appropriate to each individual circumstance. 

The most current round, which doubles the complete financial investment to day to $44 million, will be made use of to speed up the firm’s growth and adoption between U.S. medical doctor teams and the company health care market place. 

Navina will also more commit in its AI technological innovation and medical algorithms and extend its integration of rising facts sources. 

Galen Robotics, which touts a assistance design for its surgical robotic platform, declared the first near for an oversubscribed $15 million Collection A funding spherical led by Ambix Healthcare Companions.

Galen employed the Series A funding to full its last robot prototype and submit the new collaborative soft tissue surgical robotic for Food and drug administration thing to consider. It will also use the money to increase scientific care groups, develop engineering, build surgeon schooling plans and enhance item improvement. 

The enterprise opened a second near for the Sequence A funding round for an supplemental $5 million, which it expects to wrap up quickly.

California-centered Midi Wellness, a digital treatment clinic for menopause, acquired a $14 million seed investment co-led by Felicis and SemperVirens.

Other contributors in the elevate include things like Emerson Collective, Operator Collective, Icon Ventures, Muse Capital, Metal Sky Ventures, and Anne and Susan Wojcicki. 

Midi Health delivers digital care guided by doctors and researchers who oversee a network of nurse practitioners and offers interventions from way of life coaching to prescription treatment. 

The firm currently delivers insurance plan-protected treatment in California and will use the new capital to grow functions nationwide and start partnerships with hospital programs and U.S. companies. 

Lumata Well being, a observe administration system for ophthalmology, raised $4 million in a Series A round.

The round, led by Cortago Ventures with participation from Wolfpack Trader Community and 30 training ophthalmologists, will assist the clever eye treatment administration platform scale its existence across the U.S. and improve its platform, building predictive analytics and incorporating automatic individual interaction pathways. 

The startup earlier gained more than $2 million in exploration funding from the Nationwide Eye Institute.