Walmart, the Benton, Arkansas-based retail giant, is partnering with Kindbody, the New York City-based fertility startup. Walmart named Kindbody as its fertility provider for its employees. Kindbody has more than 30 clinics across the country, including a new clinic and in vitro fertilization (IVF) lab in Rogers, Arkansas. The company uses a combination of virtual and in-person care. Kindbody has raised $190 million in funding and is valued at more than $1 billion.
Town Hall Ventures, the New York-based venture capital firm that invests in healthcare companies that cater to underserved communities, closed a $350 million round. The news was first reported by Forbes. The firm has invested in Bright Health, Cityblock Health, Signify Health and VillageMD. Andy Slavitt, former administrator of the Centers for Medicare and Medicaid Services, is a general partner and founder at Town Hall.
Grow Therapy, a New York-based behavioral health startup, received $75 million in Series B financing. The company helps therapists start and grow their practices. It will use the funds to expand its commercial insurance and Medicare and Medicaid coverage to all 50 states and improve the provider and patient experiences. The round was led by TCV, co-led by Transformation Capital with support from existing backers SignalFire and SVB.
Other deals and rounds:
Kahun, an AI-powered clinical reasoning tool for physicians, raises $8 million in seed funding.
Arcascope, a developer of a smartphone app called Shift, closed $2.85M seed funding.
CraniUS, a developer of a medical device that enables chronic medicine delivery directly to the brain, closed a $19.4M in a Series A funding round.
Optellum, an AI platform that helps physicians diagnose and treat early-stage lung cancer, raised $14M in a Series A funding round.
Tavros Therapeutics, a precision cancer therapies platform specifically tailored to areas of high unmet clinical need, closed $7.5M Seed II financing.
DocSpera, an AI-powered automated surgical workflow solution for hospitals and ambulatory surgery centers, raised $10M in a Series B financing round.
careviso, a prior authorization and financial transparency healthcare organization, raised $17 million in a Series B funding round.
XP Health, a digital eye health benefits platform company, raised a $17.1 million Series A funding round.
CIONIC, a maker of connected smart sleeves that continuously monitor movement in real-time to evaluate muscle firing and limb position, raised $12.5 million in a Series A financing round.
Wellable, a technology platform that enables organizations to create wellness programs for their employees, acquired Sweat Factor, which provides an online library of over 600 on-demand, at-home workouts.
Prescryptive Health, a prescription drug pricing data company, has acquired Northwest Pharmacy Services, a full-service, non-profit pharmacy benefit manager.
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.