Digital chronic condition management company DarioHealth announced it closed a debt financing facility for up to $50 million by Callodine Group and Rand Capital.
The new funding restructures the company's prior credit facility and will be used to advance its B2B2C strategy across pharma partners, self-insured employers and payer organizations.
DarioHealth borrowed $32.5 million at closing, and...
Plenful, a workflow-automation platform for pharmacy and healthcare operations, has secured $50 million in Series B funding, bringing its total raise to $76 million.
Dahner cofounder Mitchell Rales and Arena Holdings co-led the round, with participation from Bessemer Venture Partners, TQ Ventures, Notable Capital, Susa/Kivu Ventures and other investors.
The company will use the funds for...
Woebot Health, maker of an AI-powered mental health chatbot, sent an email to users announcing it is retiring its app as of June 30.
Woebot's nonprescription digital mental health tool includes content specific to teens, including media literacy, bullying in school settings, and body image and psychoeducation.
According to Behavioral Health Business, members can download their conversation...
New York-based Healthee, a healthcare benefits navigation platform, announced an oversubscribed $50 million Series B funding raise led by Key1 Capital.
Existing investors Group11, Fin Capital and Glilot Capital Partners also participated in the round.
The company said in a statement that it did not formally launch the raise but rather was approached by the round's lead investor after tracking...
Nourish, a virtual nutrition counseling platform, announced it secured $70 million in a Series B funding round, bringing its total raise to $115 million.
J.P. Morgan Private Capital's Growth Equity Partners led the round, with participation from Y Combinator, Maverick Ventures, Thrive Capital, Atomico, G Squared, Pinegrove, Index Ventures and BoxGroup.
WHAT IT DOES
Nourish offers a virtual care...
Biolinq, a health technology company developing precision multi-analyte wearable biosensors for metabolic health, announced it secured $100 million in Series C funding.
Alpha Wave Ventures led the round with participation from existing investors AXA IM Alts, M Ventures, LifeSci Venture Partners, RiverVest Venture Partners, Hikma Ventures, Taisho Pharmaceutical, Features Capital and Aphelion...
$2M funding for carers of CALD people with dementia
Independent non-profit National Ageing Research Institute (NARI) has received federal grant funding for its project enabling digital support for culturally and linguistically diverse (CALD) people with dementia.
It obtained A$2.9 million ($1.8 million) from the Medical Research Future Fund for its five-year project, which will trial the iSupport...
hellocare.ai, which offers AI-enabled virtual care delivery for smart hospital rooms, has secured $47 million in an oversubscribed funding growth round.
HealthQuest Capital led the round with participation from several health systems and digital health investors, including UCHealth, Bon Secours Mercy Health, LRVHealth and OSF Ventures.
WHAT IT DOES
The Florida-based company provides a virtual...
Phantom Neuro, a neurotechnology company that offers a muscle-machine interface for controlling prosthetic limbs and robotic exoskeletons, announced an oversubscribed $19 million Series A funding round, bringing its total raise to $28 million.
Ottobock led the round with participation from existing investors Draper Associates, Time BioVentures, Breakout Ventures, Risk and Return, and LionBird...
The White House Office of Management and Budget (OMB) released two memos directed to the heads of all executive branch departments and agencies establishing policies on federal AI use and purchase of AI in government.
The memos, which align with an Executive Order President Donald Trump signed in January, replace former President Joe Biden's previous guidance (M-24-10 and M-24-18) but maintain...
