Nurse staffing marketplace Incredible Health scooped up $80 million in Series B funding, boosting the startup’s valuation to $1.65 billion.
The round was led by Base10 Partners, with participation from Andreessen Horowitz, Obvious Ventures, Rethink Impact, Stardust Equity, 444 Capital Fund, Workday co-CEO Chano Fernandez and professional basketball player Andre Iguodala.
The startup announced a $15 million Series A in 2019. There are a number of tech-enabled healthcare staffing companies raising funds, including Nomad Health, Clipboard Health, IntelyCare and connectRN.
“Nurses are the backbone of the U.S. healthcare system, and they deserve the well-staffed teams and tools to not only succeed, but also feel fulfilled in their careers,” CEO and cofounder Dr. Iman Abuzeid said in a statement. “Our model has met the moment and changed the paradigm for both nurses and healthcare providers in the most challenging time in U.S. healthcare. We’re excited to accelerate our growth to affect even more change.”
Arine, which offers data analytics tools for medication management, raised $29 million in Series B equity and debt financing.
The round was led by 111° West Capital, with participation from MBX Capital, New Leaf Venture Partners, Katalyst Ventures and Super Capital Group. The company said it will use the investment to improve its platform to allow for value-based care at scale.
“The U.S. healthcare system is fractured and siloed, making it difficult for plans, providers and patients to align on safe and effective medication therapy,” CEO and cofounder Yoona Kim said in a statement.
“Arine overcomes the limits of traditional, manually driven medication management approaches by making the practice scalable. Our platform pulls insights from a complex ecosystem of clinical, socioeconomic and behavioral data to connect the dots between plans, providers and patients, with the goal of maximizing patient outcomes.”
KeyCare, maker of a virtual care platform built with the Epic EHR, announced it had wrapped up a $24 million Series A round.
The investment included participation from 8VC, LRVHealth, Bold Capital and Spectrum Health Ventures.
“We created KeyCare to make sure health systems had better options for expanding virtual care services to their patients in the most convenient and safest way possible,” CEO and founder Dr. Lyle Berkowitz said in a statement. “Being part of the Epic community helps ensure we have an incredibly powerful tech stack with easy connectivity to the majority of health systems in the nation.”
Care coordination software company CareHarmony raised $15 million in a Series A funding round led by Maverick Ventures, with participation from Nashville Capital Network.
The startup said it will use the funds to develop its CareBlocks tool, which aims to help providers personalize care journeys for their patients. It also plans to hire more staffers.
“This round of financing is a validation of CareHarmony’s vision to redefine what is possible in virtual care,” CareHarmony cofounder and CEO Gokul Mohan said in a statement.
“As we continue to scale, this capital will help us deliver on our commitment to bring efficient, impactful and measurable virtual care to every patient. The days of rationing care coordination to the top 1-2% most complex patients will soon be a thing of the past.”
AliveCor announced that the personal ECG maker had raised funds in a Series F round led by GE Healthcare.
Other participants in the round include NGK-NTK, through a CVC partnership with Pegasus Tech Ventures, and existing investors Khosla Ventures, Bold Capital Partners, Qualcomm Ventures and WP Global Partners. The company didn’t disclose an amount for the transaction. It last raised $65 million in 2020.
AliveCor said it plans to use the investment for subscription heart health-management services, including KardiaCare and KardiaComplete for patients, payers and employers, and KardiaPro targeted toward physicians. The company announced KardiaComplete in May.
“We deeply appreciate the ongoing support of GE Healthcare and the rest of our investors for their confidence in our vision as we continue to expand our footprint in digital health to serve our customers,” CEO Priya Abani said in a statement.
“This financing will help accelerate our growth into new strategic sectors and markets, enabling us to connect even more people to life-saving remote heart care.”