OCD-focused platform NOCD raises $35M and extra digital well being fundings
Digital obsessive-compulsive dysfunction (OCD) identification and administration platform NOCD closed a $35 million funding spherical co-led by Cigna Ventures and 7wireVentures.
Current buyers F-Prime Capital, Kaiser Permanente Ventures, Well being Enterprise Companions and Eight Roads Capital additionally participated within the spherical alongwith new investor Longitude Capital.
The Chicago-based firm offers video-based OCD remedy utilizing the publicity and response prevention approach, a technique of behavioral remedy that exposes an individual to a scenario that provokes an OCD response and studying to tolerate these stressors.
The corporate will use the funds to proceed increasing its community of therapists and additional advertising and marketing efforts with comic and TV persona Howie Mandel. The corporate may even work to reinforce its analytics capabilities.
“Cigna Ventures is targeted on working with corporations who’re bringing ahead revolutionary options that may extra successfully and effectively clear up a few of well being care’s greatest challenges,” Craig Cimini, head of Cigna Ventures, mentioned in a press release. “NOCD performs a important function within the behavioral well being ecosystem with a confirmed capacity to determine sufferers in want and seamlessly join them to evidence-based remedy and tailor-made assets.”
The most recent funding spherical follows NOCD’s bulletins in August that members of Aetna Insurance coverage and Blue Cross Blue Protect of New York would have entry to NOCD’s platform.
NOCD additionally closed a $33 million Sequence B funding spherical in 2021, a $4 million Sequence A in 2019 and $1 million seed funding spherical in 2018.
Calif.-based diagnostics startup Easy HealthKit garnered $8 million in Sequence A funding, bringing its complete increase to $12 million.
The spherical was led by Initialized Capital with participation from Kleiner Perkins, Quest Enterprise Companions and Kapor Capital.
Easy HeathKit affords testing for sexual well being, respiratory sicknesses and persistent circumstances like diabetes for house, clinic or pharmacy use with suggestions for session and remedy upon a constructive take a look at outcome.
The funding will assist Easy HealthKit increase its testing portfolio and produce its platform to underserved markets.
New York-based kids’s psychological well being platform Fort Well being introduced a $4.5 million increase from Blue Enterprise Fund.
Fort Well being was developed at Redesign Well being in partnership with the Little one Thoughts Institute, a nonprofit that focuses on serving to kids with psychological well being and studying issues. The startup affords a platform that connects main care and behavioral well being suppliers to enhance entry to psychological healthcare for kids.
Fort Well being is roofed underneath Aetna, Optum/United Healthcare and Geisinger Well being Plan business insurance coverage in New Jersey. The corporate says it plans to increase to New York and different states this yr.
The brand new funds shall be used to drive the corporate’s market enlargement.
Newel Well being acquired a $2.5 million grant from the Michael J. Fox Basis for Parkinson’s Analysis to additional analysis and develop Soturi, the corporate’s platform for sufferers with Parkinson’s Illness.
Soturi affords bodily, voice and speech workout routines and nervousness help in addition to symptom monitoring, treatment reminders and a wearable bracelet that may detect tremors.
Newel was constructed from an funding by Italy-based Healthware Ventures, the company VC of Healthware Group.
“This grant from The Michael J. Fox Basis marks the primary of many vital milestones for the corporate because it continues to develop its portfolio of digital options in order that the well being journeys of individuals residing with well being circumstances and their docs’ efforts will develop into as clear and profitable as will be,” Roberto Ascione, chairman of the board of Healthware Ventures, mentioned in a press release.
Canadian healthcare tech startup The Rounds, which affords a community for healthcare professionals throughout North America to attach and focus on medical subjects, garnered a further $1.6 million CAD ($1.19 million) in Sequence A funding.
The most recent funds from Atlanta-based Panoramic Ventures and Make investments Nova Scotia carry the firm’s Sequence A spherical to $6.7 million CAD ($4.99 million). The corporate introduced a $5.1 million increase in September.
“Our staff at Make investments Nova Scotia is proud to be a long-time supporter of, and investor in, The Rounds. The Sequence A fundraise will assist replicate the corporate’s success in Canada throughout key healthcare markets within the U.S. There has by no means been a greater time to interrupt down the geographic limitations stifling collaboration in specialty healthcare, and The Rounds is doing simply that,” Ben McDade, funding principal at Make investments Nova Scotia, mentioned in a press release.
