Israel-based VC Team8 raises $500M
Team8, a venture capital company largely focused on cybersecurity and artificial intelligence, said it has raised $500 million in new funds.
Team8 has earmarked $70 million for digital health companies, signaling the first time the Tel Aviv, Israel-based VC has gone after the sector. The company said in a release it will jointly build and invest the seed rounds for one or two digital health startups annually. The VC announced its first such investment Thursday in Fijoya, which has developed a platform for employer-sponsored health and wellness services.
Read more: UPMC Enterprises highlights digital health funding this week
In addition to the $70 million, Team8 will invest $235 million in existing digital health, cybersecurity enterprise infrastructure, and financial tech companies. The company has to date helped build and invested in 22 companies, most of which are in the AI and cybersecurity fields.
In the last few years, Israel-headquartered investors and digital health companies have attracted the interest of U.S.-based healthcare leaders.
Chamber Cardio gets $8M from General Catalyst, others
Chamber Cardio, a cardiology software company, received $8 million in a seed funding round.
Venture capital company General Catalyst is the lead investor, with round participation from AlleyCorp, Company Ventures, American Family Ventures and City Light.
Chamber helps health plans and cardiology practices transition to value-based care by providing data insights and offering care team support. The company said in a release the funds will be used to develop Chamber's technology, expand its cardiology network and add employees.
Healthee, health benefits tech company, gets $32M
Healthee, a health benefits tech company, raised $32 million in a Series A funding round.
The round was co-led by investors Fin Capital, Glilot Capital Partners and Group11. TriNet, a $5 billion human resources solutions company, also participated.
Healthee has developed an AI-enabled tool for employers that aims to help workers navigate their benefits. The company said in a release the funds will be used to accelerate product development and support expansion initiatives.
Read more: Health benefits startup raises $32M to help patients understand their medical costs
BrainCheck nabs $15M from UPMC Enterprises, others
BrainCheck, a digital cognitive assessment company, received $15 million in financing.
The round was co-led by UPMC Enterprises, the venture capital arm of UPMC. Other lead investors were venture capital firms Next Coast Ventures and S3 Ventures.
BrainCheck has developed a platform to help clinicians conduct patient cognitive assessments. The company said in a news release it will use the funds to expand innovation within its product portfolio and accelerate its commercial efforts.
This is UPMC Enterprises’ second investment in as many weeks. Last week, it invested in Elektra Health, a women's health startup focused on menopause. Nicholas Shapiro, vice president at UPMC Enterprises, is joining BrainCheck as a board member.
Bone Health Technologies receives $5M for wearable
Bone Health Technologies has received $5 million in funding.
The company has developed Osteoboost, a wearable that aims to protect postmenopausal women from loss of bone strength and density. The company said in a release the funding will be used to finalize development of Osteoboost before it launches commercially.
Venture capital firms Esplanade Ventures and Berkeley Catalyst Fund invested in the company, along with medical device manufacturer Terumo Medical.
