ConcertoCare snags $105M; Future lands $75M for fitness startup

Tech-backed home care provider ConcertoCare landed $105 million in Series B funding. Wells Fargo Strategic Capital led the funding round with participation from Obvious Ventures, Vast Ventures, the Schusterman Family Foundation, SteelSky Ventures, Pennington Partners and Deerfield Management. 

The company created a data analytics and decision support tool designed to help guide patient care. Additionally, the company uses digital devices for remote patient monitoring. 

The news is coupled with the announcement that ConcertoCare has purchased at-home primary care provider Crown Health. 

“This commitment from our new and existing investment partners enables us to continue innovating, growing and improving health outcomes and quality of life for these vulnerable patients who are too often failed by the traditional American healthcare system, a situation that is frequently exacerbated by health inequities,” Dr. Julian Harris, chairman and CEO of ConcertoCare, said in a statement. 

Fitness-focused startup Future announced a $75 million Series C funding round. This comes roughly a year and a half after the company raked in $24 million in Series B funding. As of today the company has gained $110 million in venture dollars. Trustbridge Partners led the round, with participation from Kleiner Perkins and individual investors. 

The company offers a membership-based fitness service that employs a one-on-one coaching model. The infusion of capital is expected to help fuel the company’s marketing and product development efforts. The company also plans to add new categories of health coaching in the future. 

The company has garnered celebrity attention from sister-brother duo Kate and Oliver Hudson. The pair are individual investors in the startup, and will be working with Future to host a podcast series. 

Getlabs, a Miami, Florida-based startup which lets patients book a lab test in their home, scored $20 million in Series A funding. The round was led by Emerson Collective and Minderoo Foundation, with participation from Tusk Venture Partners, Labcorp, Healthworx, Byers Capital and individual investors. 

The organization also announced the launch of its API service for healthcare organizations. Getlabs created a platform that allows patients to request a specialist to come to home or office. The labs can be drawn on site and delivered to a lab. According to the company’s webpage, patients are then able to get their labs from their doctor or Apple Health. 

Digital MSK company Formus Labs scored $5 million for its 3D joint-replacement-surgery planning tool. GD1 led the funding round, with participation from Punakaiki Fund, Icehouse Ventures, Pacific Channel and Flying Kiwis. 

Formus created a digital tool that can give surgeons automated and personalized plans for an individual patient’s joint replacement needs. 

The New Zealand-based company plans to use the cash to expand its products and move into the U.S. market. 

“Our goal is to make orthopedic surgery as simple as it can be by arming surgeons with the latest cutting-edge technology, so every joint replacement has a Formus plan that reduces the need for revisions, instills confidence and facilitates better outcomes for patients, at a lower cost,” Dr. Ju Zhang, founder and CEO of Formus Labs, said in a statement.