Well Dot, an artificial intelligence startup that uses data and behavioral economics to provide daily health recommendations, has closed a $40 million Series A round that combines debt and equity funding. General Catalyst, John Doerr, Mosaic Health Solutions and Hellman & Friedman partners all returned after participating in the startup's $25 million seed funding round from last year.
Well Dot's approach looks to keep members engaged through rewards, in-app prompts, and phone support from live health guides, all of which is personalized using members' health data and analytics. The company onboarded its first customers near the end of 2019, and plans to use these funds "to continue to invest in our people and technology as we expand our user base, content and the breadth of the offering," CEO, chairman and cofounder Gary Loveman said in a statement.
Elation Health, the maker of a software platform for independent primary care practices, closed $40 million in Series C financing. Led by Generation Investment Management, the round also included prior backers Threshold Ventures and Kapor Capital.
In the announcement, Elation said that its technology is currently employed by 14,000 clinicians caring for 7 million patients, and that it helped deliver over 20 million live and virtual visits through its network. With the new money, the software company said that it plans to further expand its core platform while adding on new capabilities, and specifically highlighted billing and payment collection, patient population management, interoperability and quality reporting as areas of interest.
“We are investing in a future where primary care owns its powerful role in healthcare and every patient has a doctor they trust,” Kyna Fong, cofounder and CEO of Elation Health, said in a statement.
“The challenges of this pandemic have shown the resilience, dedication, and necessity of our independent practices. We’ve also seen an explosion in innovation, enabling our providers to care for patients in new ways, whether virtually or in-person. At a time when healthcare is reawakening to the importance of primary care, we are honored to partner with innovative providers delivering the highest-quality personalized care, at the lowest cost.”
Virtual obstetrics care management platform Babyscripts has raised $4 million in funding. The cash comes from a network of the startup's customers, which includes Banner Health, WellSpan Health and the Froedtert & the Medical College of Wisconsin regional health network, as well as the University of Colorado's CU Healthcare Innovation Fund.
The company's platform gives providers a better look at maternity patients through a dashboard and data collected from connected devices and apps. By partnering with its customers for the new investment, Babyscripts said that it is looking to incorporate their input and continue developing its product to meet their needs.
“From the beginning, we’ve set ourselves apart from other tech companies by partnering with physicians to make sure that we’re developing solutions that will actually be useful and improve outcomes, not just look and feel ‘cutting-edge’,” Juan Pablo Segura, cofounder and President of Babyscripts, said in a statement. “This investment is validation that health systems see the value of our solution – and they’re willing to put their money on it."
ConsejoSano, a startup that provides engagement tools designed to reach racial and ethnic minority patients, has raised just over $17 million, according to a recent SEC filing and a December 15 announcement from the company itself.
This is the San Francisco-based company's first raise since its $4.9 million Series A round in early 2017, and brings its disclosed lifetime raise to just over $24 million. The company highlighted COVID-19's exasperation of existing healthcare disparities, and said that its helped enable more than 50,000 telemedicine appointments for Medicare and Medicaid patients within the last several months.
The company did not specifiy how its new funds would be deployed.
