StartUp Health Insights: $1.7B+ in Health Innovation Funding This Week | Week of Jun 30, 2021

In addition to several huge rounds that were reported, StartUp Health portfolio companies RxRevu and Lazurite (fka Indago) brought in new funding.

This week saw more than $1.7B in health innovation funding reported, led by £425M ($600M) for CMR Surgical, a Cambridge, UK-based surgical robotics company. The Series D financing round was led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group, with participation from RPMI Railpen, Tencent, Chimera, LGT, Lightrock, Watrium, Cambridge Innovation Capital, PFM Health Sciences, and GE Healthcare. <source>

Other recent deals included:

StartUp Health portfolio company Lazurite (fka Indago), a Cleveland, OH-based patient-dedicated, surgeon-focused company driving medtech innovation, raised $10M led by AUA Capital Management. <source>

StartUp Health portfolio company RxRevu, the Denver, CO-based leading provider of integrated decision support tools which improve patient access to care, raised an undisclosed amount in a strategic partnership withProvidence Ventures. <source>

4G Clinical, a Wellesley, MA-based company that makes software to speed up clinical trials, raised over $230M from Goldman Sachs Asset Management. <source>

Gympass, a São Paulo, Brazil, and New York, NY-based exercise and corporate wellness platform, raised $220M from Softbank, General Atlantic, Moore Strategic Ventures, Kaszek, and Valor Capital Group. <source>

AlayaCare, a Montreal, QC-based home and community care software company, raised C$225 ($182M) led by Generation Investment Management, with participation from Klass Capital, Inovia Capital, CDPQ, and Investissement Québec. <source>

HealthVerity, a Philadelphia, PA-based developer of the IPGE (Identity, Privacy, Governance, and Exchange) platform for health insights, raised $100M led by Durable Capital Partners, with participation from all existing investors including Flare Capital Partners, Foresite Capital, and Greycroft. <source>

XSOLIS, a Nashville, TN-based healthtech firm focused on improving healthcare operations, raised $75M from Brighton Park Capital. <source>

Kindbody, a New York, NY-based fertility and family-building startup, raised $62M led by Claritas Health Ventures, with participation from Bramalea Partners, Monashee Investment Management, Eldridge, GV (formerly Google Ventures), Perceptive Advisors, RRE Ventures, and Rock Springs Capital. <source>

Novocardia, a New York, NY-based cardiovascular care delivery platform, raised $53.7M led by Deerfield Management Company. <source>

Wellthy, a New York, NY-based digital care concierge platform that partners with employers to find care for employees and their families, raised $35M led by Rethink Impact, with participation from Hearst, Polaris Partners, and Eldridge. <source>

NexHealth, a San Francisco, CA-based patient experience management platform, raised $31M, co-led by Jeffrey Katzenberg and Josh Buckley. <source>

Paceline, a San Francisco, CA-based retail health and wellness platform that incentivizes consumers to live a healthy lifestyle, raised $29.5M led by Acrew Capital, with participation from Mubadala Capital and existing investors. <source>

Bicycle Health, a Boston, MA-based virtual care provider of evidence-based treatment for opioid use disorder, raised $27M led by Questa Capital, with participation from City Light Capital, Emily Melton, and SignalFire. <source>

xCures, a San Francisco, CA-based platform that connects cancer patients and physicians with investigational or approved therapies, raised $12.69M led by Boehringer Ingelheim Venture Fund, with participation from Vanedge Capital, Harmonix Fund, Metaplanet, and other investors. <source>

DrChrono, a Mountain View, CA-based maker of a mobile-friendly EHR, billing, and practice management platform, raised $12M from ORIX Growth Capital. <source>

FIGUR8, a Boston, MA-based med tech startup focused on wearable musculoskeletal technology, raised $12M led by Taiwania Capital, with participation from E14 Fund, Phoenix Venture Partners, and P5 Health Ventures. <source>

NuvoAir, a Boston, MA-based startup that uses an app to listen to night-time coughing to inform people with ongoing respiratory illnesses and help them manage their health, raised $12M led by AlbionVC, with participation from KAYA (formerly Enern), Amino Collective, Spiltan, Industrifonden, and Novartis Pharma AG (dRx Capital). <source>

Tripp, a Los Angeles, CA-based digital psychedelic platform to promote emotional wellbeing, raised $11M led by Vine Ventures, and Mayfield, with participation from Integrated, AlphaBridge Ventures, Beni VC, Berkeley Club, CJ Group, CTR Capital, Evolution, Robert Goldberg, Tony Greenberg, Grit VC, Incisive Ventures, Inflect Health, Iter Investments, Joanna Popper, Jim Dew, Joe Polish, JLS Fund, Lionheart Ventures, Matt Mullenweg, Mike DeLuise, Murtaza Hussain, NeoKuma, Presence Capital, PsyMed Ventures, Redbeard Ventures, Re.Mind Capital, Social Leverage, WhatIf Ventures, Mike Wilson, Mark Zittman, and other individual investors. <source>

Labviva, a SaaS application for healthcare procurement, raised $8M led by Senator Investment Group, with participation from B Capital Group | Ascent and Glasswing Ventures. <source>

Naborforce, Richmond, VA-based service that connects contractors with elderly people in need of companionship and someone to help with their errands, raised $2M led by Claritas Capital, with participation from angel investors. <source>

bttn., a Seattle, WA-based healthtech startup that automates the purchase of medical supplies, raised $1.5M led by Amol Deshpande. <source>