As the market changes, we are revising the digital health funding and deals roundup to focus on a handful of the week's most interesting deals instead of listing every single one.
SpectrumAi, a company focused on providing autism care, closed a $20 million Series A funding round led by CVS Health Ventures. The round will bolster the company’s applied behavior analysis electronic health record technology along with its analytics offerings. Along with CVS Health, funders included Cobalt Ventures,F-Prime, Frist Cressey and Autism Impact Fund. As more children are diagnosed with autism spectrum disorder, venture capital has poured into startups aiming to disrupt this space.
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Front, a health wearables company, raised $12 million in Series A funding round. The company says it can deliver more insights than other wearables including metrics on a person's mood, gut health, and fertility. The company also markets a product that includes glasses and supplements it says can reduce jet lag while traveling. The company charges nearly $3,000 for a one-time fee for access to certain membership tiers up to nearly $12,000 for four months of support. Front received funding from Los Angeles Dodgers-associated Elysian Park Ventures.
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OpenLoop, a white-label telehealth company, announced it raised $15 million in a Series A funding round Thursday. Nava Ventures led the round with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures. In addition to the capital, the company announced the launch of a nationwide insurance payer network, which will allow clinicians to offer reimbursable services to patients instead of exclusively utilizing cash pay in primary and specialty care. Currently, the company says its solutions are used by a network of 6,000 clinicians.
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Zus Health, a health data platform company, raised $40 million in financing. The company is run by former athenahealth CEO Jonathan Bush. Investors include JAZZ Venture Partners, F-Prime Capital, Maverick Ventures, and Andreessen Horowitz. Zus said it will use the funding to continue growing its platform with additional data sources, workflow and referral solutions. The company also signed a partnership with EHR company Elation Health to include Zus' solution in its EHR, which will help clinician access patient records from hospitals, clinics, labs and pharmacies.
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Atropos Health, physician consultation company that uses real-world data, formed a data-sharing partnership with OMNY Health, a healthcare data company. The deal will focus on cross-industry data sharing. In a release, the companies said the partnership will create more opportunities to use wider datasets and deepen the amount of available data. Real-world data has become increasingly popular as it uses existing data sources, such as EHRs, claims data, wearables and patient surveys, to draw hypotheses in patient populations. Experts say it is an alternative to traditional clinical trials and could bring drugs to market faster.