March mega deal madness
A year ago last week, the pandemic was declared a national emergency. 365 days later, the explosion of digital health funding that ultimately followed shows little sign of abating. With four mega deals announced within 48 hours last week—equating to a total of $805M in funding—Clarify Health, Unite Us, Strive Health, and Insitro’s fresh rounds represent a healthy proportion of the total funding raised so far this year. All told, the first quarter of 2021 is on track to close with more than double the number of mega deals compared to Q1 and Q2 of 2020 combined.
Headlines
Grand Rounds And Doctor On Demand To Merge
Multi-billion dollar deal brings together care navigation with telehealth CNBC | (Tweet)
AstraZeneca Presses Forward With Managing Chronic Conditions Digitally
Amaze platform is built atop startup BrightInsight’s infrastructure MedCityNews | (Tweet)
‘Concierge Medicine On Steroids’ Startup To Disrupt Employer-Sponsored Care
Former Livongo CEO Glen Tullman launches latest venture, Transcarent Forbes | (Tweet)
Tinder Is Giving Away Free Mail-In COVID-19 Tests
Dating app provides EverlyWell tests and confirmation that pandemic ingenuity knows no bounds The Verge | (Tweet)
Amazon Care Expands Telehealth For Employees And Other Companies
Two months post Haven wind-down, virtual services roll out nationally (+ home health aspirations) CNBC | (Tweet)
Recent Funding
- AI-driven drug discovery company Insitro collects $400M
- Unite Us lands $150M to scale up digital social care infrastructure
- $140M goes to kidney care company Strive Health
- AI-powered on-demand healthcare analytics platform Clarify Health receives $115M
- Mental health platform Happify Health lands $73M
- Viz.ai gets $71M to expand AI coordination services beyond stroke care
- Bigfoot Biomedical gets $57M to commercialize diabetes management platform
- Chronic disease management platform Glooko snags $30M
- Riva Health, a mobile cardiology app provider, banks $15.5M
- Healthcare IoT and cybersecurity company Cylera secures $10M
- Harmonize brings in $10M to advance remote monitoring services
- Digbi Health raises $5.4M to deliver precision care for chronic inflammatory illnesses
- Virtual chronic condition care platform eCare21 closes $2.7M