Iris Telehealth, which offers telepsychiatry services for health systems and community health centers, raised $40 million in a Series B funding round. Concord Health Partners and Columbia Pacific Advisors led the round. The 9-year-old digital mental health company plans to use the additional funds to grow its clinical operations team, scale the go-to-market strategy and expand product and technical capabilities. The company said it has more than 200 hospital and community health center customers.
Real, a mental health app, raised $37 million in an oversubscribed Series B funding round. The round was led by Owl Ventures with participation from former Cityblock CEO and Chief Health Officer Iyah Romm and Chief Health Officer Dr. Sylvia Romm; Lightspeed Venture Partners; the Female Founders Fund; Forerunner Ventures and BBG Ventures. The company’s mental health app is designed for underserved populations including LGBTQIA+, immigrants and people of color. The company, which had a $10 million Series A round last year, offers a subscription service at $13 per month. It has attracted celebrity investors like Gwyneth Paltrow, Megan Rapinoe and Eric Kendricks.
Dialogue Health, a Canadian-based virtual health company, acquired London-based wellness platform company TicTrac in a deal valued up to CA $56 million. The addition of TicTrac gives Dialogue a high-margin, software-as-a-service subscription-based business model that works with employers and insurers. As part of the deal, Martín Blinder, CEO of Tictrac, will stay on and report to Cherif Habib, CEO of Dialogue. The transaction is expected to close within 30 days. It is the first major acquisition from Dialogue Health since the company went public in March 2021.
Other funding rounds and deals:
• DUOS, a virtual service for seniors, raised $15 million in a Series A funding round.
• MedTrainer, a healthcare compliance software company, raised $43 million in a Series B investment round.
• Forge Health, a virtual behavioral health treatment platform, secured $11 million in a funding round.
• 9am.health, a virtual care platform for people living with pre-diabetes or Type 2 diabetes, raised $16 million in a Series A funding round.
• Phable, a diabetes management app developer, raised $25 million in a Series B funding round.
• GripAble, a sensor-enabled handgrip device for physical and cognitive rehabilitation, raised $11 million in a Series A funding round.
• Medfin, a surgical cost and medical procedures comparison platform, raised $15 million in a Series B funding round.
• Ryse Health, a startup that provides tech-enabled, office-based and virtual care to patients with Type 2 diabetes, raised $3.4M in seed funding.
• Diligent Robotics, a healthcare robotic automation company, closed over $30 million in Series B funding.
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.