b.well Connected Health raises $40M Series C funding round
b.well Connected Health, a patient experience software company, said on Monday it closed a $40 million Series C funding round.
Private equity firm Leavitt Equity Partners led the round.
Read more: General Catalyst, Cigna Group Ventures fuel busy funding week
b.well sells a white label consumer engagement software platform to health systems that aims to combine different patient data sources. The company said the round will help the company court and scale new customers. In October 2023, b.well announced an integration with technology giant Samsung, which aims to give Galaxy smartphone users additional control over their health records.
The capital brings the company’s total raised to $100 million.
UPMC arm leads investment in women’s health startup
Elektra Health, a women's health startup focused on menopause, received a $3.3 million funding round led by UPMC Enterprises, the venture capital arm of the University of Pittsburgh Medical Center
Along with UPMC Ventures, venture capital firms Wavemaker 360, Flare Capital Partners and Seven Seven Six Fund also participated in the round.
Elektra's digital health platform provides telemedicine care to women in three states as well as educational content and ways to connect with community resources. In a news release, Elektra said the funding will be used to expand its evidence-based care delivery platform across payers, self-insured employers and new markets.
The new funding brings Elektra’s total raised to $7.6 million.
Clinical data exchange company secures $25M
Moxe Health, a healthcare technology and clinical data exchange company, said on Thursday it raised $25 million in new capital.
Venture debt financing company Trinity Capital led the round.
The company uses technology to simplify the sharing of clinical information insights between payers and providers. The company said the capital will allow it to further scale its operations.
The funding brings the company's total raised to $50 million.
Reveleer secures $65M
Reveleer, a healthcare technology and data analytics company, said on Monday it raised $65 million in debt financing.
Specialty financing company Hercules Capital led the round.
The company uses natural language processing and artificial intelligence to help health plans and risk-bearing providers maintain quality improvement, risk adjustment and member management programs.
The round brings the company's total raised to $85 million.
Redi Health nabs $14M
Redi Health, a health management and patient support software company, closed a $14 million Series B funding round on Wednesday.
Venture capital firm Blue Heron Capital led the round. Venture capital firms Refinery Ventures, Mutual Capital Partners, Rev1 Ventures and M25 also participated.
Redi's software aims to connect providers, the pharmaceutical industry and patients with a software platform that provides brand-specific content, condition-focused trackers and digitally accessible financial assistance.
In a release, the company said it would use the funding to develop and launch new products.
Blackbird Health raises $17M in Series A
Blackbird Health, a telehealth and in-person provider of mental healthcare for kids and young adults, raised $17 million in a Series A funding round.
Venture capital firm Define Ventures led the round while VCs First Cressey Ventures and GreyMatter participated.
The company, which has three brick and mortar clinics as well as a virtual care offering, focuses on patients struggling with social and emotional, developmental and school-related challenges.
Blackbird said it will use the funding to expand service offerings, scale its clinical model nationwide and build more technology. It deploys computational models and machine learning algorithms that aim to help clinicians place patients in clusters with similar symptoms and brain features.
