StartUp Health Insights: Arcade Therapeutics Closes $3


The National Institute for Mental Health has awarded a $3.8M grant to Arcade Therapeutics and University of Texas Austin’s Institute for Mental Health Research to support a large clinical trial investigation and validation of Arcade’s game-based treatment for major depressive disorder (MDD).

StartUp HealthStartUp HealthFunders, learn how you can back Health Transformers like Raj Amin and Tracy A. Dennis-Tiwary, PhD, co-founders of Arcade Therapeutics.

New York, NY-based StartUp Health company Arcade Therapeutics is a leading developer of game-based therapies for mental health. A $3.8M grant from the National Institute for Mental Health (NIMH) will be used to support UT Austin’s large confirmatory efficacy trial assessing ABM-02, Arcade’s proprietary, game-based approach to treatment for major depressive disorder (MDD). <source>

Other reported health innovation funding this week included:

Headspace, a Santa Monica, CA-based digital mental health company, raised $105M in new debt financing from Oxford Finance. <source>

Halodoc, an Indonesian health tech company that provides telemedicine, medicine ordering, lab test and doctor appointment booking, third-party health insurance purchase, and at-home health testing, raised $100M led by Astra Digital, with participation from Openspace and Novo Holdings. <source>

RapidAI, a Menlo Park, CA-based platform that leverages deep learning to help diagnose vascular and neurovascular conditions, raised $75M led by Vista Credit Partners. <source>

Proprio, a Seattle, WA-based company that offers an FDA-cleared surgical navigation platform, raised $43M from Bird B and others. <source>

Octave Bioscience, a Menlo Park, CA-based precision care company focused on multiple sclerosis (MS) and other neurodegenerative diseases, raised $30M from Novartis (dRx Capital), Hikma Pharmaceuticals (Hikma Ventures), Intermountain Ventures, The Blue Venture Fund, Echo Health Ventures, Section 32, Northpond Ventures, Deerfield Management, Casdin Capital, and Merck Global Health Innovation Fund. <source>

Kasha, a Rwanda-based startup with a direct-to-consumer model offering last-mile delivery of health products for women and newborns in East Africa, raised $21M led by Knife Capital, with participation from Finnfund, DFC, Tim Koogle, Beyond Capital Ventures, Altree Capital, Bamboo Capital’s BLOC Smart Africa Fund, and Five35 Ventures. <source>

Entia, a London, UK-based cancer monitoring startup, raised £15.4M ($20M) led by BGF and Parkwalk Advisors. <source>

HerMD, a Cincinnati, OH-based company that offers comprehensive women’s healthcare either in-person or virtual, raised $18M led by JAZZ, with participation from Amboy Street Ventures and B-Flexion. <source>

Hippocratic AI, a Palo Alto, CA-based generative AI company developing safety-focused large language models for healthcare, raised $15M. <source>

Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, raised $12M co-led by QED Investors and Ventures Platform, with participation from Y Combinator, Tencent, Gaingels, and others. <source>

Family First, a Boston, MA-based technology platform to support caregivers’ mental health and wellbeing, raised $11M led by RPM Ventures and Eos Venture Partners, with participation from Wormhole Capital and Stephen Fromm. <source>

Alma Health, a UAE-based direct-to-patient digital healthcare company, raised $10M co-led by Knuru Capital and Hambro Perks Oryx Fund, with participation from e& capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures. <source>

CathVision, a Copenhagen, Denmark-based medtech company focusing on electrophysiology solutions for clinical decision-making, raised $9 million <source>

FeelBetter, a Tel Aviv, Israel-based AI medication management startup, raised $5.9M led by Firstime Ventures and Shoni Health Ventures, with participation from Random Forest VC, The Group Ventures, and Triventures. <source>

ReflexAI, a provider of AI-powered training and quality assurance tools for call centers in crisis response, 911 dispatch, and healthcare, raised $3.3M led by Footwork, with participation from Emerson Collective, Altman Capital, Gaingels, and individual backers. <source>

Béa Fertility, a London, UK-based fertility tech startup making clinical-grade fertility care available at home, raised $3.2M led by Octopus Ventures, with participation from JamJar, Forward Partners, Calm/Storm, and Q Ventures. <source>

Sanguina, a Peachtree Corners, GA-based biotech company focused on providing rapid home-based testing and management solutions, raised $2.8M led by Veritus Holdings, with participation from individual investors. <source>

Thymia, a London, UK-based mental health startup, raised $2.7M led by Kodori Ventures, with participation from Entrepreneur First, Syndicate Room’s Access, Calm/Storm, Form Ventures, and angel investors. <source>

Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.