digital health funding
Like its competitors, the telehealth provider highlighted a major increase in business since COVID-19.
Telehealth and digital behavioral health were two of the most popular investment areas.
The EIT Health Wild Card Hackathon will comprise 45 participants from Europe who will come together online to find new solutions in women’s health and digital therapeutics.
Despite the uncertainty of COVID-19, funding deals during the last three months were generally on par with those of Q1 2020 and Q2 2019.
Also: NexHealth's $15 million Series A, Avive Solutions' $7 million raise and Cyclica's $16.9 million Series B.
This latest contribution was led by Mubadala Capital and Bpifrance.
Alphabet, General Catalyst, Kholsa Ventures, Lakestar, Thrive Capital and Baillie Gifford participated in this round.
The company will be expanding its global team and fleshing out its medical-device and software data-management platform.
Also: Optum Ventures leads unspecified investment into DocASAP; Wellsheet to build up engineering and go-to-market teams with $3.8 million Series A.
The funds will support new product development, as well as growth of its distribution channels and commercialization efforts.