Cartwheel Health nabs $20M for school-based mental health
Cartwheel Health, a digital mental health company focused on school-aged children, closed a $20 million Series A funding round.
Cartwheel said the funding will allow it to expand its telehealth therapy services in new and existing states. The company operates in five states and serves more than 50 school systems.
Cartwheel is part of a growing number of mental telehealth companies offering therapy to school-aged children by working with local schools. The company bills private insurance and Medicaid for services and charges schools for non-billable services like case management.
Menlo Ventures led the round, which also included Reach Capital, General Catalyst, BoxGroup and Able Partners.
Google Ventures invests in women’s health startup
Midi Health, a telehealth company focused on women between the ages of 35 and 65, received $25 million in funding from Google Ventures and other venture capital firms. The company will use the funding to expand operations and launch additional partnerships with U.S. health systems and employers. Midi's goal is to offer care in 50 states by the end of next year. Read more here.
Women’s health company Envy secures $14M
Evvy, a company that has developed a virtual care platform for women's health, closed a $14 million Series A funding round.
Envy offers at-home testing and virtual consultations for women in select states and coaching to customers. The funds from this round will be used to scale access to its testing and care platform while expanding its artificial intelligence diagnosis tool as well as other tech capabilities. The company is also developing tests for sexually transmitted infections and antibiotic resistance as an add-on to its existing vaginal microbiome test.
Venture capital firm Left Lane Capital, which has invested in Calm and Talkiatry, led the round. Other investors were General Catalyst, Labcorp Venture Fund, RH Capital, Ingeborg Investments and G9 Ventures.
Incubator makes $3M pre-seed bet on long-term care
Red Cell Partners, a technology incubator focused on healthcare and national security, launched Savoy Life publicly with a $3 million investment.
Savoy will offer virtual care coordination and telehealth to long-term care facilities. The company plans to use the round to launch its three initial products: a platform to improve facility occupancy rates, a remote monitoring product and a telehealth solution specializing in geriatric primary care and psychiatry.
Red Cell has previously invested in medication management tech company Hero Health and incubated precision medicine company Zephyr AI.
Nvidia-backed company gets $81M
Evozyne, an AI drug discovery company, has announced an $81 million Series B round. The funds will be used to develop an AI platform that can discover new therapeutic proteins. The round was led by new investors Fidelity Management & Research Company and OrbiMed with participation from Nvidia's venture arm and previous investors Paragon and Valor Equity Partners. Read more here.