Wheel raises $150M, Massive Well being scores $75M and extra digital well being fundings
Wheel, a digital care staffing and companies vendor, raised $150 million in a Collection C funding spherical led by Lightspeed Enterprise Companions and Tiger World.
Different buyers taking part within the spherical embrace Coatue, Salesforce Ventures, CRV, Tusk Enterprise Companions and Silverton Companions. The Collection C comes lower than a 12 months after a $50 million spherical from Might, and brings the corporate’s complete increase to $216 million.
Launched in 2018, the telehealth startup plans to make use of the capital to spend money on its platform and develop diagnostics companies. It additionally plans to rent extra employees, develop its community of clinicians, enhance its medical platform and add to its supplier onboarding and education schemes.
“Telehealth 1.0 introduced healthcare visits on-line however corporations are nonetheless struggling to fulfill their sufferers’ care wants,” Wheel CEO and cofounder Michelle Davey mentioned in a press release. “We acknowledged that so as to transfer the healthcare business ahead and really ship on the promise of virtual-first care, we’d like each the infrastructure and workforce that may ship ‘anytime, anyplace’ care. We’re excited to proceed main the cost and making customized care a actuality.”
Digital therapeutics firm Massive Well being scored $75 million in Collection C funding.
The spherical was led by SoftBank Imaginative and prescient Fund 2, with participation from ArrowMark Companions, Octopus Ventures, Gilde Healthcare, Kaiser Permanente Ventures and Morningside Ventures.
The corporate, which makes the Daylight therapeutic for anxiousness and Sleepio for insomnia, mentioned the funding will pace its industrial progress and product technique. It mentioned it plans to launch six new digital therapeutics by 2024.
Massive’s final funding spherical got here in June 2020 with a $39 million Collection B increase.
“Our digital therapeutics provide an equitable, secure and efficient non-drug different at an enormous scale, and our merchandise are backed by main medical proof, with greater than 28,000 individuals throughout our medical research,” cofounder and CEO Peter Hames mentioned in a press release.
“With robust industrial partnerships, together with the flexibility to invoice by the PBM [pharmacy benefit manager], we now have the rails in place to enhance well being outcomes at an unlimited scale. We’re proud to announce our Collection C funding, which is able to additional gasoline our progress and the mass adoption of digital therapeutics.”
NuvoAir, a digital well being firm centered on managing continual respiratory situations, introduced an $11 million extension to its Collection A spherical, bringing its complete to $25 million.
The funding, which got here from Hikma Ventures, shall be used to develop NuvoAir’s platform and its workforce, launch medical companies with suppliers and payers, and work on new medical trial partnerships.
“We’re actually excited to have Hikma Ventures be part of our current buyers to assist us develop our distinctive service mannequin and know-how to help a very affected person centered strategy to delivering medical care and medical trials,” Lorenzo Consoli, founder and CEO of NuvoAir, mentioned in a press release.
Scientific trial platform Topography Well being launched out of stealth Wednesday with $21.5 million in Collection A funding.
The spherical was led by Bain Capital Ventures, with participation from current investor Andreessen Horowitz. The corporate additionally raised $6 million in seed funding in 2020.
The startup gives a platform and help for physicians to run medical trials of their communities.
“Few physicians have the help and infrastructure to proceed advancing medical innovation and analysis in personal follow,” CEO and cofounder Alexander Saint-Amand mentioned in a press release. “By collaborating with personal follow physicians and equipping them to be medical investigators, we are able to develop affected person knowledge units, deal with a wider vary of continual or life-threatening situations, and provides extra Individuals entry to the healthcare and therapies they deserve.”
Mantra Well being, a digital psychological well being startup for faculty college students and younger adults, raised $22 million in a Collection A financing spherical led by VMG Companions.
Different buyers taking part embrace New Market Enterprise Companions, Parts Well being Ventures, 14W, Alumni Ventures, Canaan Companions, World Founders Capital, Baleon Capital, Western Tech Investments and Metropolis Mild Capital.
The corporate will use the funds to develop its community of suppliers, enhance its medical infrastructure and improve its capabilities to deal with a wide range of psychological well being wants, together with for extra extreme situations. It additionally will use the proceeds to develop its scholarship for college kids from marginalized backgrounds who’re finding out to hitch psychological well being professions.
“There’s an pressing demand to take away the obstacles that exist for younger adults to entry evidence-based and culturally competent psychological well being care,” Mantra cofounder and CEO Ed Gaussen mentioned in a press release. “With this infusion of latest capital, we’ll give attention to eradicating these obstacles by dealing with extra advanced diagnoses, constructing a extra strong supplier community throughout 50 states, and doubling down on insurance coverage partnerships.
“We’re additionally excited to proceed investing in the way forward for psychological well being professionals by our Variety Scholarship program to verify all younger adults in America have the psychological help they should succeed inside their attain.”
