Health tech venture capital firm Flare Capital Partners closed a third fund with a total of $350 million in committed capital.The company’s earlier two funds were in July 2019 and April 2015. The company says it invests in early-stage health tech companies focused on value-based healthcare, leveraging mobile solutions, big data analytics technologies, and secure infrastructure. Some its current portfolio companies include Bright Health, higi, Oshi Health and Welltok.
Vivian Health, an online healthcare job marketplace, received a $60 million primary and secondary equity investment. The investment was led by Thoma Bravo with participation from the company’s parent company, InterActiveCorp and Collaborative Fund. The new capital will be used to accelerate Vivian’s growth and further its scale among healthcare clinicians and employers, as well as to support future M&A initiatives.
Concert Health, a virtual behavioral health clinic company, closed a $42 million Series B financing round. The round was led by Define Ventures with participation from Healthy Ventures, Vertical Venture Partners, Townhall Ventures, CommonSpirit Health and Advent Health. The company works with primary care clinics, women’s health and pediatric practices to provide behavioral health services for their patients. It says it will use the funding to scale up its services and expand its availability. It’s currently in Arizona, California, Connecticut, Florida, Georgia, Missouri, New York, North Carolina, South Carolina, Texas and Washington.
Other funding rounds and deals:
• Adona Medical, a heart management platform company, secured $37.5 million is Series B funding.
• Enlyt Health, a patient engagement solutions company, raised $10 million in a Series A funding round.
• Syllable, an AI-powered patient engagement platform, raised $40 Million in a Series C funding round
• HealthBeats, a platform for remote and real-time vitals monitoring using clinical-grade medical devices, raised $3 million seed round.
• AI Medical Service (AIM), an AI-powered diagnostic imaging platform, raised $70 million of financing round
• HeartCloud, which develops at-home healthcare tech, raised $1.5 million in a seed financing round.
• Press Ganey, a patient survey company acquired Forsta, a market research, customer experience and employee experience technology company.
• Truemeds, an Indian-based telehealth company, raised $22 million in a Series B funding round.
• Ruth Health, a telehealth platform built for women, raised a $2.4 million seed funding.
• NotiSphere, a cloud-based healthcare communication company, raised a $3.6 million seed funding.
• IMPLICITY, an AI-driven cardiac remote monitoring platform, raised $23 million in a Series A funding round.
• Impiricus, an AI-powered virtual assistant that automates daily doctors' and healthcare practice tasks, closed a $3 million seed financing.
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.