Skip to main content
Subscribe
  • Login
  • My Account
  • Logout
  • Register For Free
  • Subscribe
  • News
    • Current News
    • Providers
    • Insurance
    • Government
    • Finance
    • Technology
    • Safety & Quality
    • Digital Health
    • Transformation
    • ESG
    • People
    • Regional News
    • Digital Edition (Web Version)
    • Patients
    • Operations
    • Care Delivery
    • Payment
    • Midwest
    • Northeast
    • South
    • West
  • Blogs
    • AI
    • Deals
    • Layoff Tracker
    • HLTH 2024
    • Sponsored Content: Vital Signs Blog
  • Opinion
    • Letters
    • From the Editor
  • Events & Awards
    • Awards
    • Conferences
    • Galas
    • Virtual Briefings
    • Webinars
    • Nominate/Eligibility
    • 100 Most Influential People
    • 50 Most Influential Clinical Executives
    • 40 Under 40
    • Best Places to Work in Healthcare
    • Healthcare Marketing Impact Awards
    • Innovators Awards
    • Diversity Leaders
    • Leading Women
    • Best in Business Awards
    • The 2030 Playbook Conference
    • Innovations in Patient Experience
    • Leading Women Conference & Awards Luncheon
    • Leadership Summit
    • Workforce Summit
    • Best Places to Work Awards Gala
    • Diversity Leaders Gala
    • - Looking Ahead to 2025
    • - Financial Growth
    • - Hospital of the Future
    • - Value Based Care
    • - Looking Ahead to 2026
  • Multimedia
    • Podcast - Beyond the Byline
    • Sponsored Podcast - Healthcare Insider
    • Sponsored Video Series - One on One
    • Sponsored Video Series - Checking In with Dan Peres
  • Data & Insights
    • Data & Insights Home
    • Hospital Financials
    • Staffing & Compensation
    • Quality & Safety
    • Mergers & Acquisitions
    • Skilled Nursing Facilities
    • Data Archive
    • Resource Guide: By the Numbers
    • Surveys
    • Data Points
  • Newsletters
  • MORE+
    • Contact Us
    • Advertise
    • Media Kit
    • Jobs
    • People on the Move
    • Reprints & Licensing
    • Sponsored Content
MENU
Breadcrumb
  1. Home
  2. Digital Health
September 29, 2023 05:00 AM

Women's health companies lead this week's funding deals

Brock E.W. Turner
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    womens health investment
    MH Illustration/Istock

    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. 

    Read more: How long can these telehealth companies stay in school?

     

    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.

    Related Article
    Boston Children’s to add 5G network ahead of Epic EHR switch
    Blue Cross, UPMC venture arms back digital health company
    Intermountain-backed digital digestive startup nabs $31M
    Could AI eliminate third-party health tech vendors?
    Letter
    to the
    Editor

    Send us a letter

    Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.

    Recommended for You
    mh-20250516-oracle-cleveland-clinic-oracle
    Oracle, Cleveland Clinic, G42 partner to create AI platform
    data money blue
    Top digital health funding: AI, care coordination
    Most Popular
    1
    UnitedHealth Group to cut Medicare drug plan commissions
    2
    PBM limits could finally pass, if Congress moves its tax-cut bill
    3
    ACOs call on Oz to fix Shared Savings Program benchmarking issue
    4
    Where top executive search firms are seeing changes in demand
    5
    Investors welcome a maturing digital health market
    Sponsored Content
    Digital Health Intelligence Newsletter: Sign up to receive a twice-weekly (T, F) morning newsletter featuring the latest reporting on technologies, trends, players and money fueling the rapid changes in how healthcare is developed, paid for and delivered.
    Get Newsletters

    Sign up for enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox.

    Subscribe Today
    MH Magazine Cover

    MH magazine offers content that sheds light on healthcare leaders’ complex choices and touch points—from strategy, governance, leadership development and finance to operations, clinical care, and marketing.

    Subscribe
    Connect with Us
    • LinkedIn
    • Twitter
    • Facebook
    • RSS

    Our Mission

    Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data.

    Contact Us

    (877) 812-1581

    Email us

     

    Resources
    • Contact Us
    • Help Center
    • Advertise with Us
    • Ad Choices
    • Sitemap
    Editorial Dept
    • Submission Guidelines
    • Code of Ethics
    • Awards
    • About Us
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Modern Healthcare
    Copyright © 1996-2025. Crain Communications, Inc. All Rights Reserved.
    • News
      • Current News
      • Providers
      • Insurance
      • Government
      • Finance
      • Technology
      • Safety & Quality
      • Digital Health
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Blogs
      • AI
      • Deals
      • Layoff Tracker
      • HLTH 2024
      • Sponsored Content: Vital Signs Blog
    • Opinion
      • Letters
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • 40 Under 40
        • Best Places to Work in Healthcare
        • Healthcare Marketing Impact Awards
        • Innovators Awards
        • Diversity Leaders
        • Leading Women
        • Best in Business Awards
      • Conferences
        • The 2030 Playbook Conference
        • Innovations in Patient Experience
        • Leading Women Conference & Awards Luncheon
        • Leadership Summit
        • Workforce Summit
      • Galas
        • Best Places to Work Awards Gala
        • Diversity Leaders Gala
      • Virtual Briefings
        • - Looking Ahead to 2025
        • - Financial Growth
        • - Hospital of the Future
        • - Value Based Care
        • - Looking Ahead to 2026
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Sponsored Video Series - One on One
      • Sponsored Video Series - Checking In with Dan Peres
    • Data & Insights
      • Data & Insights Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Skilled Nursing Facilities
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • Newsletters
    • MORE+
      • Contact Us
      • Advertise
      • Media Kit
      • Jobs
      • People on the Move
      • Reprints & Licensing
      • Sponsored Content