98point6’s $118M Series E for test-based primary care, Savana’s $15M Series B for free-text extraction and more digital health fundings
Text- and app-based primary care startup 98point6 has hauled in a $118 million Series E round led by the Growth Fund of L Catterton and Activant Capital. Goldman Sachs Merchant Banking Division and other unnamed investors also took part.
The company’s on-demand primary care services for consumers and payers use artificial intelligence and a text-based interface to collect information about the user and build a patient profile before matching them with a practitioner. Per the latest announcement, the company’s platform now boasts over 240 commercial partnerships comprising 3 million members.
Following on the heels of a $43 million raise unveiled this spring, 98Point6’s newest funding will support R&D investment and further expansion of the startup’s medical practice for employers, health plans and retail customers.
“98point6 has experienced accelerated growth over the last year, due in part to the pandemic, as more organizations recognized the existing and undeniable desire for on-demand, digitally enabled care,” Robbie Cape, CEO and cofounder of 98point6, said in a statement. “The increased interest in 98point6 put us in a unique position to serve many in a time of need.”
Free text-data-extraction startup Savana has wrapped up a $15 million Series B. Cathay Innovation led the raise, with support from Seaya Ventures and MACSF.
The company’s AI software reviews doctors’ clinical notes to identify and pull out data that could have an impact on the patient’s care. Founded in 2014 in Spain, the startup says that its platform has processed more than 400 million English, Spanish, German and French EHRs.
With these funds, Savana said that it will be growing its team to support its expansion in the U.S.
“Our mission is to predict the occurrence of disease at the patient level,” CEO Jorge Tello said in a statement. “This focuses our resources on discovering new ways of providing medical knowledge almost in real time – which is more urgent than ever in the context of the pandemic. Healthcare challenges are increasingly global, and we know that the application of AI across health data at scale is essential to accelerate health science.”
JAXJOX, a connected home exercise technology company, announced this week $10 million in Series A funding. Dowgate Capital and Nigel Wray participated in the round, which brings the startup’s fundraising total to $17 million.
The company’s unreleased InteractiveStudio home gym includes a collection of free weights with performance-tracking capabilities, while delivering live and on-demand workout coaching through an attached 43-inch touchscreen TV or app. JAXJOX’s new funds will help the company prepare for launch and global retail expansion, and will also support R&D for its platform.
“There were in-home solutions for cardio and strength, but nothing that combined the two in one compact unit,” Stephen Owusu, founder and CEO, said in a statement. “We spent two years creating the ultimate community-centric home fitness solution that combines adjustable free-weight equipment, AI-powered performance tracking, and content for a wide variety of workouts.”
Navina, an Israeli startup developing an AI-backed platform for primary care providers, has closed a $7 million seed funding round headed by Grove Ventures.
The company’s tool builds “patient portraits” that reorganize disparate patient data for easier clinician review, and highlights information that could be clinically relevant to each case. Already adopted and integrated by U.S. organizations like the Northern Ohio Medical Specialists, Navina’s platform will receive further R&D support as a result of the funds. The company said that it will also be looking to push new business development initiatives among physician groups and enterprise healthcare.
“We recognize the role that primary care plays as a bottom-up catalyst for transforming the U.S. healthcare system,” Ronen Lavi, CEO of Navina, said in a statement. “We are creating a new world of simplicity, so that every physician in the United States, starting with primary care, can spend time with their patients, not their data. Navina contextually surfaces what’s important, based on the entirety of each patient’s data and history, leading to optimum patient wellness and increased shared savings for providers and payers.”
Women’s telehealth company Twentyeight Health announced yesterday the close of a $5.1 million seed funding round. The raise was headlined by Third Prime, but also saw support from Town Hall Ventures, SteelSky Ventures, Aglaé Ventures, GingerBread Capital, Rucker Park Capital, Predictive VC and angel investors such as Stu Libby, Zoe Barry and Wan Li Zhu. The company had previously raised $1.5 million in funding, bringing its total to $6.6 million.
Launched in late 2018, Twentyeight Health’s contraception telehealth business is active across Florida, Maryland, New York, New Jersey, North Carolina and Pennsylvania, and accepts payments through Medicaid. The company said that it’s aiming to expand into new U.S. states and add more women’s sexual and reproductive health medications and services during the coming year.
“Women who are on Medicaid, who are underinsured or without health insurance, often struggle to find access to reproductive health services, and these struggles have only increased with COVID-19 pandemic limiting access to in-person appointments,” Amy Fan, cofounder of Twentyeight Health, said in a statement.
“We are fighting for healthcare equity, ensuring that all women, particularly BIPOC women and women from low-income backgrounds, can access high quality, dignified and convenient care.”
TestCard, maker of a mobile-enabled home urine-testing platform, has closed £4.5 million ($5.8 million) in new funding from West Hill.
The company, which recently launched its kits in the U.K., has a staff of 25 that it plans to expand to 50 by the end of 2021. In addition to these hires, the company said that it expects these new funds to bridge the business until it puts together a Series A at some point in 2021.
“We are delighted to secure this level of funding while still in our early stages as a business. It’s clear that diagnostic testing is an attractive opportunity in the current climate,” Chris Craig-Wood, chief commercial officer, said in a statement. “This level of investor confidence speaks volumes about our ambitious growth plans in delivering disruptive, at-home healthcare solutions to the market across multiple territories.”
WiserCare, a digital decision support tool that also incorporates the patient’s preferences, has tied up a $3.6 million raise led by UnityPoint Health Ventures. Abundant Venture Partners and “several” prior backers also took part.
The company’s pitch for its clinical data and patient input tool is personalized care at scale, which it says results in higher engagement rates and satisfaction. With the additional money, WiserCare plans to build out the breadth and depth of its programs for health system and payer customers.
“This round positions us to expand our clinical portfolio and team to deliver WiserCare’s benefits at the population level, in partnership with a greater number of payers and health systems,” Dr. Arul Thangavel, CEO of WiserCare, said in a statement.
Coa, an online platform for group and one-on-one mental health therapy, brought in a $3 million seed funding round led by Crosslink Ventures. RedSea Ventures, Alpaca VC, Casper founder Neil Parikh, professional basketball player Kevin Love and other angel investors also participated.
Styled as a fitness program for the mind, Coa conducted a number of pop-up sessions for corporate employees that the startups says has raised demand for the yet-to-be-launched online platform among employer customers. The $3 million will not only help the company with that online launch, but will allow Coa to hire on a team of therapists, expand its program offerings and open up in-person locations.
“Our approach to mental health is not a band-aid; it’s a workout, honed by years of research and work with leaders,” Dr. Emily Anhalt, cofounder and chief clinical officer at Coa, said in a statement. “We see the launch of our studio as the first step toward making emotional fitness accessible to people from all walks of life at an affordable price.”
Caliber Fitness, a digital strength-training platform, has announced a $2.2 million seed investment headed by Trinity Ventures.
The company offers one-on-one virtual coaching through a subscription membership program that provides users with a personalized curriculum and regular check-ins. The company did not outline any specific plans for its new funds.
“The global pandemic has accelerated the massive consumer trend toward when-and-where-you-want-it mobile services, particularly in health and wellness,” Patricia Nakache, general partner at Trinity Ventures, said in a statement. “Caliber is uniquely positioned to be the leader in online fitness coaching with a platform that is focused on personalized human-to-human connection in an increasingly digital-first world.”
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