Welcome to the Series B-hive

So far, 2023 has been the year of unlabeled raises and extension rounds—but the summer's venture funding has us wondering whether the Series B is back. Over the past couple of months, Series B rounds were raised by Daybreak Health ($13M), Verifiable ($27M), Proprio Vision ($43M), Thyme Care ($60M), and Nursa ($80M). Back in H1 2022, we speculated that bigger early stage checks could lead to a crunch in subsequent raises; this recent return of the Series B illustrates how some savvy startups are responding to the market, leveraging rapid commercial growth and major enterprise partnerships to cross the Series B threshold. For the remainder of Q3, we'll be watching to see which companies make the Series B leap—and who stays in Series A (extension) land.

Will you be at HLTH this year? Don’t miss Rock Health in Las Vegas: RockHealth.org CEO Katie Drasser will hit the stage on Sunday, October 8 to discuss “The Infusion of Inclusion” with leaders from Kindbody, Oxeon, and the Government Employees Health Association. And on Monday, October 9, Rock Health Advisory CEO Tom Cassels will moderate the “Home Health’s in Escrow” panel, alongside executives from Humana, Sharecare, Elara Caring, and BrightStar Care. Register and save $150 off your ticket with the code: h23p_rock150.


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Recent Funding

  • Employee health and wellness solution Gympass raises another $85M
  • Per-diem nurse staffing marketplace Nursa secures $80M
  • Value-based cancer care navigation solution Thyme Care nabs $60M
  • Kyros Health collects $10.5M for its digital substance use disorder care management platform
  • Practice management and CRM software solution Keona Health bags $7M
  • Clinetic adds $5M for its EHR-based data, analytics, and insights software for life sciences
  • Zivian Health grabs $3M to connect nurses and PAs with collaborating physicians
  • GPT-based healthcare model developer Synthpop seeds $2.6M