NewSpring closes $180M healthcare fund
NewSpring, a private equity firm, closed a $180 million fund focused on healthcare.
NewSpring has already made six investments from the fund, including in Healthworks, a cardiovascular staffing company; Prosperity Behavior Health, a process outsourcing company for behavorial health; and Verisma, a disclosure management technology company.
Read more: From AI to M&A: 6 digital health investors weigh in on 2024
The fund will focus on investments ranging from $10 million to $25 million in lower-middle market healthcare companies that have between $10 to $100 million in revenue.
Mayo Clinic invests in VMocion
VMocion, a virtual reality company, received a $3 million seed funding from Rochester, Minnesota-based Mayo Clinic and an additional group of investors.
The $3 million seed round will allow VMocion to further invest in its technology offerings.
VMocion aims to prevent motion sickness related to usage of virtual reality by raising the threshold of the vestibular sensation of motion, mitigating the brain's perception of it. VMocion said in a press release it has an agreement with Mayo Clinic to use the health system's technologies to develop a solution that would negate the need to use pharmaceutical or invasive means to overcome VR illness or motion sickness.
Mayo has an undisclosed financial interest in the technology VMocion is developing, according to the release.
Devoted Health closes $175M Series E round
Devoted Health, an insurtech focused on Medicare Advantage, closed a $175 million Series E funding round last week. Read more.
Tava Health nabs $16M
Tava Health, a digital mental health company, secured $16 million in funding, according to a Securities and Exchange Commission filing.
Tava plans to raise an additional $4 million but didn't specify a timeline, according to the filing.
Tava has deveoped a software platform for employers that allows employees to connect with professional mental health counselors. The company raised a $10 million Series A funding round in December 2021 led by Rose Park Advisors. No investors for the latest round were disclosed in the company's filing.
Tava did not immediately respond to a request for comment.
Arbital secures $10M in Series A funding
Arbital Health, a technology startup, secured $10 million in Series A funding round.
The round was led by digital healthcare investor Transformation Capital. Shaper Capital, Healthy Ventures, Flex Capital and Underdog Labs also participated.
Arbital sells software that helps employers and payers quantify the value of point solution health vendors. In addition to the funding, the company also announced it acquired Santa Barbara Actuaries, an actuarial and healthcare consulting firm specializing in value-based care and data analytics solutions.
Terms of the acquisition were not disclosed publicly.
