Martin Mignot’s Post

Digital (technologies) and Data is not enough in healthcare - anyone who has participated in healthcare tech/AI innovation knows how hard it is to be successful: go-to-market strategies are multi-pronged, with many possible pitfalls, require grit, focus, adaptations and constant innovation on the financial side for this complicated healthcare ecosystem. Steven Wardell's DigitalHealth discussions are great source of advice. #digitalHealth, #healthtech #AI #innovation

💵 Funding News: 🗓️ News Month: October, 2024 🚀 Semble Secures $15M Series B to Revolutionize Healthcare Operations! London-based Semble is paving the way for more efficient, data-driven healthcare with its integrated clinical system. Backed by Mercia Ventures, Octopus Ventures, Smedvig Ventures, and Triple Point, this funding marks a big step forward in transforming healthtech. What’s Next for Semble: 🔸Platform Expansion 🌍: Scaling operations across the UK and France. ▪️Enhanced Support 🩺: Continuing to empower 10,000+ healthcare professionals across 70+ specialties. 🔹Streamlined Workflows ⚙️: Advancing tools for better patient care and business insights. Led by Christoph Lippuner and Mikael Landau, Semble provides healthcare businesses with a robust system that simplifies operations, improves patient outcomes, and optimizes practice management. Innovation meets impact in healthtech. The future of clinical systems is here! 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs ♻️ Repost if you think this insight is worth sharing!

Function Health, an Austin, Texas-based health technology company, has closed its Series A funding round, bringing its total funding to $53 million. The round was led by Andreessen Horowitz (a16z) Bio + Health, with support from the a16z Cultural Leadership Fund and a diverse group of investors, including venture capital firms and high-profile individuals from the entertainment, sports, and technology sectors. The company offers a comprehensive health platform that provides over 100 lab tests. This allows users to monitor various aspects of their health, from heart and hormones to thyroid, nutrients, toxins, autoimmunity, and immunity. Function presents results in an easily understandable dashboard with clinician summaries and securely stores data to track health trends over time. Function plans to use the new funding to scale its technology and increase access to whole-body testing, aiming to empower more individuals to take control of their health. Since its beta launch in 2023, the platform has attracted nearly 50,000 members and amassed a waitlist of 200,000+ people, indicating strong market interest in its comprehensive health monitoring approach. https://lnkd.in/gEiRfNuD

Tuva Health, a Salt Lake City-based startup specializing in cleaning and analyzing health-care data, has raised $5M in seed funding. The round was led by Virtue , with participation from BoxGroup and YC. Aaron Weitzman | Axios https://lnkd.in/ezRa9bQf #HealthTech

🔥 Investor insights! Highmark Health Ventures' Prativa Joshi, shared details on… ✅ Key investment criteria ✅ Current market trends As an esteemed panelist at a MedtechWomen event at FINN Partners last week. Key Takeaways (excerpted and edited) 🚀 Investment Criteria 1.   Hard cost savings + 1-year ROI 2.   Positive patient outcomes 3.   Patient experience, NPS score≥80 Combines commercial contract (first) + strategic investment (after). No DTC. 💰 Funding –Invests $3-10M; Series A-C rounds –Follows Highmark Health strategy 📍 Priority Areas –Women's health + rural healthcare –Hybrid models, virtual+in-person 📈 Deal Flow and Exits –Deal flow is on the rise in 2024 –Exits picking up momentum in 2025/2026 🪢 Integration Readiness –Roadmap to integrate with EHRs (e.g., @Epic) and CRMs (e.g., @Salesforce) 🩺 Pilot Requirements –200-300 patients Highmark Health is a payer, a provider and more. Highmark Ventures offers a unique investment philosophy to match. What are your thoughts on Highmark Venture's investment approach?   __________   I'm Maureen, CEO Mingletoe LLC.   We create value with healthcare-aligned market strategy for investors and innovators.   P.S. Check out our shiny new site to learn more✨ #Healthcare #MedtechStartups #FounderAdvice #VCInsights #medicaldevices

🚀 Noteworthy promising Digital Health Ventures Founded in the United States 🇺🇸 At Galen Growth | Insights You Can Trust, we’ve identified emerging #DigitalHealth companies in the #US using a rigorous set of criteria. These #ventures were #founded after January 2020, have raised #funding after January 2023, and are currently in the #Angel to #SeriesA1 funding stages. From this pool, we’ve selected the #top five ventures based on their #AlphaScore in #HealthTechAlpha — a key #indicator of #potential and #performance in the Digital Health #ecosystem. These ventures are paving the way for the #future of #healthcare #innovation, and we’re excited to see how they will evolve in the coming months. 📊 Analysis by Galen Growth | Insights You Can Trust

"The pandemic experience was supposed to be a boon for direct-to-consumer disease treatments, digital therapeutics and decentralized care. But adoption turned out to be much slower than expected, and massive failures such as Pear Therapeutics sent investors scrambling for the exits. The big picture: The outlook could be improving for a few digital health companies — especially those offering novel uses of artificial intelligence." At the end of the day, it all comes down to adoption. My dad tells a story. A company launched a new cat food that would address a nutritional deficiency in existing cat foods on the market.  Everybody loved the cat food – sales, marketing, everybody in the C-Suite, and the board of directors. The salespeople had no problem getting shelf space for the cat food and competitors announced their intention to launch competing products. Cat owners eagerly snapped up the cat food. However, there was one small problem. The cats would not eat the cat food. In healthcare so many promising ideas seem to die because the healthcare professionals will not adopt them. Increasing the likelihood of adoption is a critical part of each startup's business plan.

Create Health Ventures Closes $21M Fund to Back Early-Stage Digital Health Startups Learn more & get our take 👇 https://lnkd.in/g4HTsmyN “We’ve heard firsthand from payers, providers, and pharmaceutical companies that their business goals are to elevate the patient experience, facilitate better health outcomes, and improve access to care for all, especially those with health disparities.” — Emma Cartmell, Co-Founder and Managing Partner at Create Health Ventures “More robust and holistic technology solutions that enable the recruitment and retention of trial participants are what’s needed to keep up with this rising demand.” — Amit Aysola, Co-Founder and Managing Partner at Create Health Ventures “It has been invaluable to partner with a firm of experts who have helped me build out my team operationally, scale my company quickly, and grow our customer base of health plans.” — Dr. Chip Grant, CEO at Watershed Health #healthcare #funding #SoHCNews

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TELUS Global Ventures invests in Homethrive and Rhino Health These investments scale innovations in elderly support management, secure healthcare data analysis, and advanced diagnostic technologies, leading to a more accessible, efficient and patient-centric care ecosystem TELUS Global Ventures (TGV) Ventures is participating in two new funding rounds with equity investments in Homethrive and Rhino Health. Illinois-based Homethrive addresses the growing need for elderly support by combining human expertise with digital solutions, making caregiving more manageable for families. Headquartered in Boston, Rhino Health transforms healthcare AI, bridging medical data sources and the researchers that need to analyze health data to speed up advancements in healthcare. These new investments bring the number of companies supported by the TELUS Global Ventures to more than 150. Read more at https://lnkd.in/gVQeH9Ft Subscribe to the CanadianSME Small Business Magazine by visiting https://lnkd.in/g_jpMD23 Terry Doyle, David C. Greenberg, Ittai Dayan MD