#insights
So far, digital health companies have raised $6.45B in 2014, according to StartUp Health Insights. Here are a few of the most recent deals:
Mobile glucose testing app Telcare secured $32.5M from Norwest Venture Partners, Sequoia, Qualcomm and others to enhance its diabetes monitoring services. The FDA-approved device already provides data analysis and patient reminders based on blood sugar readings as well as live tracking information for physicians. MedCity News
One-stop prescription stop MedAvail closed a $30M Series C round. MedAvail’s automated medication dispenser virtually connects users with pharmacists and also releases the prescribed drugs. Backed by Walgreens and others, the Canadian company is looking to bring its kiosks into pharmacies around the globe. Wall Street Journal
Phreesia, a check-in tablet for doctors’ offices, raised $30M in a round led by private equity firm LLR to accelerate product development and increase users. The durable Phreesia hardware is solely used for its software, which additionally manages practice workflows including payment processing, with a built-in credit card machine and consent signing. MobiHealthNews
100 customers strong, Seattle-based Limeade brought in $25M this week. The employee wellness platform uses gamification to provide incentives for workers who engage in healthy behaviors while tracking fitness analytics for employers. Limeade plans to use the new funds from OakHC/FT and others to double its team size and add new features to its interactive platform. Seattle Times
Consumer health record company CareSync raised $4.25M from Tullis Health Investors, Clearwell Group and others to continue its goal of empowering patients through their data. With 10,000 (mostly paying) users, CareSync allows patients to share their medical past with caregivers and others for better health management. The startup plans to use the new funds to support a national sales and marketing campaign. MedCity News
Mental health coaching startup Lantern landed $4M from Mayfield Fund and others. The virtual subscription service connects patients with coaches who use a survey to develop tailored exercises to help manage a variety of mental health problems, ranging from anxiety to low self esteem. The startup recently received $4M in grant funding from the NIH to study the prevention of eating disorders on college campuses. Reuters
Fitness tracker Moov added $3M to its Series A round from Banyan Capital and others. The device company, which secured $1M earlier this year through crowdfunding, was developed by a former Apple engineer and uses advanced sensor technology to track complicated physical activities, including swimming. The new cash will help Moov grow its team and expand its software to track more activities. TechCrunch
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