Capital Firm Updates

Rock Health

Venture capital and health system investors are bullish on tech startups | Modern Healthcare | 1/18/2020

… been a growing area for investment in the past decade. Digital health startups have raised $39.5 billion since 2011, with 40% of that raised in 2018 and 2019 alone, according to a report from Rock Health , an early-stage digital health venture fund that also compiles research on the sector. In 2019, more than 600 investors poured $7.4 billion into 359 digital health startups. Those dollars can serve as food …

Carrick Capital Partners

ROOM8 Adds Silicon Valley Pioneer Ken Coleman to Board | PR Newswire | 1/16/2020

SAN FRANCISCO , Jan. 16, 2020 /PRNewswire/ – Today, ROOM8 , a data company optimizing co-living through roommate matching and apartment search services, named Silicon Valley visionary and revered tech advisor Ken Coleman to its board. Coleman is the chairman at EIS Group, a software provider serving the insurance industry. Coleman is a special advisor to Andreessen Horowitz, Carrick Capital Partners, CSAA Insurance Group, and Pinterest. In addition to EIS Group, Coleman …

Viking Global Investors

Health technology company Color scores $75M funding round to scale its infrastructure | FierceHealthcare | 1/16/2020

Health technology company Color scores $75M funding round to scale its infrastructure by Jan 16, 2020 12:24pm Burlingame, California-based Color is working to better integrate clinical-grade genomic testing into care. (Color) Health technology and precision genomics company Color has raised $75 million in a series D funding round led by T. Rowe Funds and Viking Global Investors. The Burlingame, California-based company counts Apple, Verily, Northshore University HealthSystem …

Felicis Ventures

Another women-led venture firm gains momentum, with Uber exec Rachel Holt as cofounder | TechCrunch | 1/15/2020

… took the wraps off her own digital health-focused venture firm, Define Ventures, which raised an impressive $87 million in commitments for its debut. Some time this year, longtime VC Renata Quintini — formerly of Felicis Ventures and Lux Capital — is expected to close the debut fund that she is raising with Roseanne Wincek, formerly of IVP. (The reported target for their new outfit, Renegade Partners, is $300 million .) Last month …

Norwest Venture Partners

Uplevel Emerges from Stealth Mode with $7.5 Million in Funding to Power Engineering Team Effectiveness | PRWeb | 1/15/2020

Uplevel Emerges from Stealth Mode with $7.5 Million in Funding to Power Engineering Team Effectiveness Share Article 10 companies representing almost 4,000 engineers use Uplevel to empower their engineering teams with actionable data. SEATTLE Uplevel, a company that leverages both machine learning and organizational science to empower engineering effectiveness, today announced that it is launching with $7.5 million in seed venture funding from Norwest Venture Partners, Madrona Venture Group, and …

McKesson Ventures

Matternet Raises Strategic Investment from McKesson Ventures | PR Newswire | 1/15/2020

… strategic investment from McKesson Ventures. The round of funding will provide Matternet with access to a broad set of opportunities in the U.S. healthcare logistics market and accelerate existing partnerships in key international markets. McKesson Ventures joins Matternet’s roster of strategic investors Boeing, Sony and Mercedes-Benz, alongside its growing list of strategic partners UPS and Swiss Post. (PRNewsfoto/Matternet) Matternet is moving full-speed ahead with its mission to …

Maverick Ventures

Concerto HealthAI’s $150M Series B, Komodo Health’s $50M Series C and more digital health funding news | MobiHealthNews | 1/15/2020

It’s been a busy week for digital health funding, with more raises announced by Arcadia, Cardiologs, Covera and others. Concerto HealthAI, the maker of a clinical insight generation platform that employs real-world data in its analyses, has closed $150 million in aggregate Series B financing. Declaration Partners headed the investments, which also featured Maverick Ventures, AllianceBernstein PCI and SymphonyAI Group. Concerto boasts 90% year-over-year revenue growth for …

Warburg Pincus

Clearlake Capital-Backed symplr Names Software Industry Veteran Kevin Kemmerer As Executive Chairman | PR Newswire | 1/14/2020

… Executive Vice President, Product Management at iPipeline, a leading provider of cloud-based software solutions for the life insurance and financial services industry. Prior to iPipeline, Mr. Kemmerer was an Executive-in-Residence at Warburg Pincus and EVP and Managing Director of Safeguard Scientifics, where he led the company’s technology deal team and was responsible for eight of Safeguard’s companies in the enterprise software and internet markets. Earlier in his …

Launchpad Digital Health

Launchpad Digital Health Raises New Capital, Closes First 4 Investments via Second Venture Fund, LDH Ventures II | PR Newswire | 1/14/2020

… more than 30 investments in the sector, and generally leads the Seed and A rounds that it participates in, and the firm has provided significant liquidity to its Limited Partner investors. The founders of Launchpad Digital Health have funded and operated companies for the past two decades. Successful LDH investments have included companies such as Medable, Limelight Health, Hint Health, Tueo Health, Stop Breathe & Think, Breezometer, InsightRx, Patch, Smileyscope and …

Mercato Partners

Kalderos Named One Of The Best Places To Work In Chicago For 2020 | PR Newswire | 1/13/2020

… in 2016 with a mission to redefine how the business of healthcare performs, Kalderos is committed to creating drug discount management solutions that solve for non-compliance in drug discount programs. In May 2019 , Mercato Partners invested $7 million to help Kalderos further its mission. Over the last nine months, Kalderos has quadrupled in size, achieving its growth goal. Additionally, the company was recognized by Mayor Lori Lightfoot at Chicago …

RRE Ventures

Kindbody Opens San Francisco Flagship Clinic In Financial District | PR Newswire | 1/13/2020

SAN FRANCISCO Kindbody, a women’s health and technology company, today unveiled its San Francisco flagship clinic located in the Financial District. The new clinic occupies a street level storefront, a departure from other traditional clinics often found in medical office buildings. Kindbody’s rapid national expansion began in New York City as the first retail-level women’s health and fertility destination serving consumers directly and through employers as a fertility benefits …

Apax Partners

Another former Kleiner partner launches a fund; this time it’s Lynn Chou O’Keefe with Define Ventures | TechCrunch | 1/13/2020

Kleiner is known for many things. Among them, increasingly, is the growing number of people who’ve logged time at the firm, then struck out on their own to hang their own shingles. The latest among them: Lynne Chou O’Keefe, who joined Kleiner Perkins in 2013 as a partner in its life sciences group, where she focused on digital health and connected devices. Today, Chou O’Keefe is taking the wraps off …

Kaiser Permanente Ventures

Vesta Healthcare Announces $30 Million Series A Led by Oak HC/FT and Deerfield to Engage and Support Caregivers | Business & Finance | heraldchronicle.com | Business Wire | 1/13/2020

… the care team, announced the close of a $30 million Series A. The round was co-led by Oak HC/FT and Deerfield Management Company and includes investment from existing investors, Lux Capital and Kaiser Permanente Ventures as well as new investors Generator Ventures, CareCentrix, Epstein Partners and Nationwide Ventures. The capital will be used to expand product development, engineering, and sales and marketing as well as to support new …

The Carlyle Group

WindRose Health Investors Completes Sale of Trust Healthcare Consulting Services, LLC | PR Newswire | 1/13/2020

… it has completed the sale of substantially all of the assets of its portfolio company, Trust Healthcare Consulting Services, LLC (“TrustHCS” or the “Company”), to a healthcare joint venture established by an affiliate of The Carlyle Group and Cannae Holdings. Terms of the transaction were not disclosed. TrustHCS is a provider of staffing and advisory services for coding, clinical documentation improvement (“CDI”), denial management, and coding education solutions. TrustHCS leverages …

The Venture Reality Fund

Embodied Labs Raises $3.2 Million in Seed Funding With Diverse Investors Across Aging, Tech and Impact Funds | PR Newswire | 1/13/2020

… VR) to revolutionize training for the aging care workforce, announced its seed funding of $3.2 million led by top age-tech investor, Ziegler Link·Age Fund , co-led by the leading immersive tech investor, The Venture Reality Fund , as well as SustainVC , a social impact fund in healthcare and education, WXR Fund , investing in women and the next wave of computing, and [email protected] , a social impact fund that invests …

ARCH Venture Partners

EQRx Launches to Create Innovative Medicines at Dramatically Lower Prices for People, Healthcare Systems and Society | Business Wire | 1/12/2020

CAMBRIDGE, Mass.- EQRx announced today that it is launching to create novel, patent-protected medicines at prices that are more affordable for people and sustainable for healthcare systems. EQRx, a first of its kind biotechnology company, is focused on re-engineering the process from drug discovery to patient delivery with the goal of offering a market-based solution for the rising cost of medicines. Leveraging advances in science and technology …

LongueVue Capital

LongueVue Capital Adds Experienced Healthcare Operating Partners to Support New & Existing Investments | PR Newswire | 1/10/2020

NEW ORLEANS , Jan. 10, LongueVue Capital Partners (“LVC”), a partnership-driven, operator-centric private equity firm based in New Orleans with approximately $500 million of assets under management, announced today that Geoff Glass and Pete Allen have joined the firm as healthcare Operating Partners. Geoff, a seasoned pharma services executive, will focus on the life science space. Pete, a healthcare executive with broad reaching experience, will focus on medical devices …

TPG Growth

ChristianaCare and GoHealth Urgent Care announce new partnership to develop largest urgent care network in Delaware | PR Newswire | 1/10/2020

… metropolitan area, the San Francisco Bay Area , Hartford and South Eastern Connecticut, Winston-Salem and Charlotte, North Carolina , St. Louis and Springfield, Missouri , Oklahoma City, Oklahoma and Northwest Arkansas . GoHealth Urgent Care is a TPG Growth portfolio company, the middle market and growth equity investment platform of TPG, which has more than $103 billion of assets under management. To learn more, please visit www.gohealthuc.com . SOURCE GoHealth Urgent Care Related Links …

GHO Capital

GHO Capital Acquires Ardena, a Leading CDMO Providing Early Stage Drug Development and Manufacturing for Small-to-mid Sized Biopharma | Business Wire | 1/9/2020

LONDON- Global Healthcare Opportunities, or GHO Capital Partners LLP, the European specialist investor in healthcare, together with the existing management team has acquired Ardena, a specialist contract development and manufacturing organization (CDMO) focused on early phase drug development, from Mentha Capital. Ardena is a multi-service CDMO, assisting small-to-mid sized biopharma with services spanning the full development life cycle. The Company offers a comprehensive ‘Make, Analyse, File’ model …

SV Life Sciences

Centauri Health Solutions Welcomes Abry Partners as New Lead Investor | PR Newswire | 1/9/2020

PRNewswire/ – Centauri Health Solutions, Inc. (“Centauri” or the “Company”), an innovative provider of healthcare technology and services, today announced an agreement under which Abry Partners (“Abry”) will acquire a majority stake in Centauri. With this transaction, Abry, one of the premier sector-focused private equity investment firms in North America , adds Centauri to its growing portfolio of healthcare IT investments. Abry’s investment is intended to enable Centauri to further accelerate …

Drive Capital

Cox Enterprises Invests in Aver’s $27M Series C to Accelerate Implementation and Execution of Value-based and Bundled Payments Programs | Business Wire | 1/9/2020

COLUMBUS, Ohio–(BUSINESS WIRE)–Jan 9, 2020– Aver, the healthcare industry’s leading platform for bundled payment and value-based healthcare solutions, today announced the closing of the company’s $27 million Series C. In addition to major investment from Cox Enterprises, the round included participation from current investors Drive Capital, Heritage Group, Hearst Ventures and NCT Ventures. This investment will allow Aver to scale operations and grow platform capabilities with the …

Providence Ventures

Providence expands investment in patient-provider matching startup | Becker’s Hospital Review | 1/8/2020

Kyruus, developer of search and scheduling software for healthcare providers, closed a $42 million Series D funding round that included participation from Renton, Wash.-based Providence’s venture arm. Providence Ventures previously invested in Kyruus’ $25 million Series C in 2015, as well as a $10 million strategic fundraise closed in 2018. “To compete effectively with both traditional and new care options and collaborate with emerging digital platforms, health systems need …

FirstMark Capital

TraceLink to Present at the 38th Annual J.P. Morgan Healthcare Conference | PR Newswire | 1/8/2020

… the medicines they need, when they need them, safely and securely. For more information on TraceLink and our solutions, visit www.tracelink.com . TraceLink is funded by Georgian Partners , Willett Advisors LLC , Vulcan Capital , Goldman Sachs , FirstMark Capital , Volition Capital and F-Prime Capital . SOURCE TraceLink Related Links http://www.tracelink.com …

Flagship Pioneering

Applied BioMath, LLC to Hold Fourth Annual Quantitative Systems Pharmacology (QSP) Summit in Cambridge, MA | PR Newswire | 1/8/2020

… Foteinou, PhD, Principal QSP Scientist, Sanofi Sergio Iadevaia , PhD, Scientific Director, QSP Pharmacometrics and Data Analysis, Takeda Kathryn Miller-Jensen , PhD, Associate Professor of Biomedical Engineering, Yale University Michael Rosenblatt , MD, Chief Medical Officer, Flagship Pioneering Samuel Isaacson , PhD, Associate Professor of Mathematics and Statistics, Boston University Theresa Yuraszeck , PhD, Associate Director, CSL Behring Bo Zheng , PhD, Associate Director, Clinical Pharmacology, CSL Behring Simon Zhou , PhD, Executive Director, Clinical Pharmacology …

Founders Fund

23 Tech Predictions for 2020 | PR Newswire | 1/7/2020

Forecasting the future can be tricky, but when you’re steeped in an industry it is possible to assess where things are likely headed. Here are nearly two dozen predictions about what will happen with tech this year, made by founders and executives who are experts in their spaces. 1. The war for tech talent between the U.S. and Canada will intensify “For decades, the U.S. has attracted the best and …