RepeatMD secures $50M Series A
RepeatMD, which has developed e-commerce software for patient-facing medical practices, secured $50 million in a Series A funding round.
The company's software provides sales and financing solutions for med spas, dermatologists, plastic surgeons, weight loss clinics and gynecologist practices.
The Series A round was co-led by growth equity funds Centana Growth Partners and Full In Partners. Venture capital companies PROOF and Mercury Fund also participated. Included in the total is a $10 million debt facility from Silicon Valley Bank.
RepeatMD will use the funding to grow its network of strategic partners and integrate artificial intelligence into the product. The company said the funding will also help scale its inbound revenue platform.
Intermountain Health spinout receives $10M from Amgen Ventures, Merck fund
Culmination Bio, a patient data intelligence company, received $10 million in funding.
Investors included venture funds Merck Global Health Innovation Fund and Amgen Ventures. Culmination Bio is a spinoff from Salt Lake City-based Intermountain Health.
The company has a library of 5 million de-identified patient samples and clinical data. Companies work with Culmination Bio for rapid access to retrospective patient data and faster access to prospective patients for studies.
Culmination will use the funding to expand commercial partnerships with pharmaceutical companies and hire additional staff.
Drug discovery company nets $6.5M seed funding round
Pepper Bio, a drug discovery data company, raised $6.5 million in a seed funding round.
The company said its platform translates layers of biological maps—including genes, RNA, proteins and protein functions—to offer researchers a more complete picture of how certain diseases impact biology.
The round was led by venture capital firm NFX. Merck Digital Sciences Studio, Silverton Partners, Mana Ventures, Tensility Ventures, VSX Ventures and others participated in the round.
Pepper Bio launched publicly in 2021 and was founded in 2020.
Local Infusion scores $10M in funding, plans expansion
The company plans to use the funds to expand services to New Jersey, Connecticut and Maryland next year. It also wants to expand the company’s proprietary referral and care coordination technologies. Read more.
Healthcare fintech nabs $19.7M in Series A
PayGround, a healthcare payments technology company, raised $19.7 million in a Series A funding round.
PayGround has a mobile app offering patients the ability to manage, track and pay medical bills. The company says its technology allows medical providers to reduce costs and simplify existing processes.
Venture capital firm SixThirty led the funding round. Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures participated.
PayGround said in a release it will use the round to expand in additional markets and grow its senior leadership team.