Kindbody, a tech-driven fertility clinic startup, raised $100 million in capital. The round brings the company’s total funding up to $290 million since it was founded in 2018. Kindbody was valued at $1.8 billion as part of the investment. The company provides fertility services such as egg freezing and in vitro fertilization to employees at its employer clients as well as virtual services. Life sciences investment firm Perceptive Advisors completely funded the round.
GoodRx offsets declining revenues by cutting expenses
B Capital, a multi-stage investment firm closed its inaugural healthcare fund, which will allocate over $500 million to healthcare companies. B Capital has 20 health technology and digital health companies in its portfolio including CapitalRX, a tech platform for pharmacy benefits management.
FTC fines BetterHelp $7.8M, alleges it shared consumers’ health info with advertisers
CodaMetrix, a revenue cycle management company for healthcare, closed a $55 million Series A round. The capital will used to speed up the company’s go-to-market strategy with payers and providers. The company’s software aims to make medical coding easier and more efficient. SignalFire led the round with support from several health system funds including Yale Medicine, CU Healthcare and Mass General Brigham participated.
Five Questions: The Journey Venture Studio’s Mark Moeremans
More deals and funding rounds:
Envisionit Deep AI, a medical imagining diagnostics platform, raised $1.6 million in funding.
VisionHealth, a digital therapy for lung disease, closed a pre-Series A round worth around $3.2 million.
BetterNight, a virtual sleep care platform, raised $33 million in growth funding.
Ryse Health, hybrid diabetes care company, raised $6.5 million in a Series A funding round.
If there is a digital health funding or M&A deal that we missed from this past week here, please email us.
Digital Health Business & Technology’s data team contributed to this roundup.