Digital gastrointestinal care startup Oshi Health announced Tuesday it had raised $23 million in Series A funding.
Flare Capital Partners, Bessemer Venture Partners and Frist Cressey Ventures co-led the round, with participation from CVS Health Ventures and Takeda Digital Ventures alongside individual investors including athenahealth cofounder Jonathan Bush and Headspace Health CEO Russell Glass.
The influx of capital will be used to scale Oshi’s virtual GI care platform.
“Stigmatized GI conditions affect tens of millions of people, causing unnecessary suffering and billions of dollars in avoidable spending,” Oshi Health CEO Sam Holliday said in a statement.
“We have completely redesigned GI care delivery with our integrated, virtual-first model to address two core tenets: increasing access to the care that solves the patients’ needs and lowering the total cost of care for patients and purchasers. We are thrilled to join forces with this stellar group of healthcare investors to aggressively scale delivery of our life-changing, value-based care.”
Oshi originally launched an app in 2018 to help people with inflammatory bowel disease manage their condition.
Fitness and workout class app FitOn has closed an $18 million Series B funding round, according to TechCrunch.
The round was led by Delta-v Capital with participation from Accel, Telstra Ventures, Crosscut Ventures, Maverick Ventures and Second Avenue Partners.
The funding will allow the company to add new hires and speed the release of new products.
“For a business still two years in the making, we are satisfied with revenue and have lots of opportunity to build large-scale business,” cofounder and CEO Lindsay Cook told TechCrunch. “In this anti-diet culture, it is not about the ‘perfect body,’ but promoting self-care. We are building a lifestyle brand encouraging people to do a 10-minute workout here and there.”
Fitness classes are an increasingly popular space, with big names like Apple expanding its Fitness+ offerings and Amazon launching its own workout options.
Toronto-based KixCare, a pediatric virtual care platform, announced it had raised $2 million in seed funding.
Esplanade Ventures led the round with participation from Horizon Capital and angel investors.
The capital will go toward the company’s expansion in Canada as well as improving the virtual care platform by adding new healthcare services and additional features.
“The reception to KixCare’s launch this summer has demonstrated that Canadian families are ready to embrace digital options for pediatric care,” CEO Daniel Warner said in a statement.
“Our company’s cofounders are not just doctors, but parents and grandparents too. As a result, we understand how the current model of children’s healthcare often fails to meet the needs of both families and providers. We could not be more excited to grow, develop and scale KixCare, and to introduce Canadian families to the future of children’s healthcare.”
Other players in the digital pediatric space include Brave Care, which recently raised $25 million, and teletherapy provider DotCom Therapy, which last month announced a partnership with in-school telehealth provider Goodside Health.
Healthcare services company Tegria has raised $6.728 million in private placements, according to a Form D filing with the Securities and Exchange Commission.
Providence, a large Catholic health system, launched the company last year to collect the system’s healthcare tech and operations acquisitions and investments.
Tegria has made several acquisitions this year, and in August partnered with healthcare finance platform Cedar.