Healthcare innovation

StartUp Health Insights: Sift Healthcare Closes Series…

StartUp Health Insights: Sift Healthcare Closes Series…

Sift Healthcare, which joined StartUp Health in 2018, is revolutionizing healthcare payments with AI.

Investors, learn how you can back Health Transformers such as Justin Nicols of Sift Healthcare through the StartUp Health Moonshots Impact Fund.

This week, we saw more than $235M in health innovation funding, including $9M for StartUp Health portfolio company Sift Healthcare. The Series A round was led by Allos Ventures and First Trust Capital Partners, with participation from Rock River Capital Partners and the Winnebago Seed Fund. Sift Healthcare, a Milwaukee, WI-based healthcare payments analytics and data science company, will use the funds to accelerate sales of its denials management and patient payment solutions and launch its mid-cycle denials prevention solution. <source>

Other recent deals included:

ForSight Robotics, a Yokneam, Israel-based developer of a platform for ophthalmic robotic surgery, raised $55M led by Adani Group, with participation from Eclipse Ventures, Mithril Capital, Provenio Capital, Precision Capital, Reiya Ventures, the Ljungstrom family office, and other private investors. <source>

NutriSense, a Chicago, IL-based metabolic health tech platform, raised $25M led by 1315 Capital. <source>

Canvas Medical, a San Francisco, CA-based electronic medical records (EMR) startup, raised $24M led by M13, with participation from Inspired Capital, IA Ventures, and Upfront Capital. <source>

Wysa, a Bengaluru, India-based mental health messaging tool, raised $20M led by HealthQuad, with participation from British International Investment, W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures. <source>

Xilis, a Durham, NC-based biotechnology company developing a precision oncology platform, raised $19M led by FPV Ventures, with participation from Alexandria Venture Investments, EQT Life Sciences, Mubadala Capital Management, Pear Ventures, GV, the Duke Angel Network, Catalio Capital Management, Two Sigma Ventures, Felicis Ventures, Alix Ventures, and others <source>

Gravie, a Minneapolis, MN-based health benefits company, raised $15M from existing investors. <source>

Nucleus Genomics, a New York, NY-based consumer genetic testing and analysis company, raised $14M led by Seven Seven Six. <source>

Walla, a San Diego, CA-based fitness studio management software company, raised $13M from <source>

Brightline, a Palo Alto, CA-based provider of virtual behavioral healthcare for children, adolescents, and families, raised $10M led by Northwell Health. <source>

SpinTech MRI, a Bingham Farms, MI-based developer of a quantitative magnetic resonance imaging (MRI) platform, raised $6.5M led by Level 8 Ventures and Genesis Innovation Group’s Cultivate Capital Fund. <source>

Healshape, a Villeurbanne, France-based regenerative medicine company aiming at providing natural & long-lasting breast reconstruction solutions to women through 3D bioprinting, raised €6M ($6.1M) led by Go Capital, Demeter, and Bpifrance, with participation from Crédit Agricole Création and Win Equity. <source>

Hintsa Performance, a Helsinki, Finland-based provider of coaching and wellbeing services, raised €5.1M ($5.2M) led by Paul Polman, K5 Global, James Corden, and Charles Plowden. <source>

Cornerstone AI, a San Francisco, CA-based company working on healthcare’s data challenges to improve research and care, raised $5M led by Healthy Ventures, with participation from Initiate Ventures. <source>

Kyros, a Minneapolis, MN-based provider of a digital marketplace bringing providers, clients, and recovery organizations together, raised $4.4M led by Rally Ventures. <source>

Resolve, a Hanover, NH-based healthcare startup which aims to make healthcare bills fair, raised $3.3M led by AlleyCorp, with participation from the founders of Funding Circle, Collective Health, Collective Medical, Nomi, Compass, and Seamless. <source>