Form Health: Ashton Kutcher-founded VC firm leads $38M round
Weight loss telehealth company Form Health received $38 million in a Series B funding round.
Venture capital firm Sound Ventures, which was co-founded by actor Ashton Kutcher, led the round. Venture capital firms SignalFire, M13 and Next View Ventures also participated.
Related: Top digital health funding: Prior authorization startup gets $25M
Form Health provides telehealth weight loss care to patients through their employers. Like many other companies in digital health, its clinicians can prescribe the popular weight loss medications known as glucagon-like peptide agonists or GLP-1s. To help do so, the company is working with big pharmaceutical company Eli Lilly through its direct-to-consumer telehealth service called LillyDirect.
Form Health said in a release it plans to expand its reach with enterprise customers, hire more physicians and develop its technology.
The company was founded in 2019 and has previously raised $26.8 million in funding.
Koch-backed company leads $165M round for Sidecar Health
Insurance technology company Sidecar Health said it raised $165 million in Series D financing, with Koch Disruptive Technologies leading the round. Read more here.
NY Mets owner's investing platform joins $31M round for Adonis
Adonis, a healthcare financial technology company, received $31 million in a Series B funding round.
The round was led by Point72 Private Investments, an institutional private investing platform that is run by New York Mets owner Steve Cohen. Venture capital firms General Catalyst, Kin Ventures, Bling Capital and Max Ventures joined the round.
Adonis has developed a tech platform for providers that helps them bill patients and insurers by using artificial intelligence to address payment hurdles. The company said in a release it will use the funds to hire more employees, accelerate product innovation and sign more health system customers.
The company has raised $54 million since its founding in 2022.
Kevin Hart, Matt Damon, Pedro Pascal invest in Function Health
Function Health, a health platform startup, has secured $53 million in funding from Andreessen Horowitz and a few A-list celebrities, the company said Tuesday. Read more here.
Heyday Health takes in $12.5M from Google venture fund, others
In-home care startup Heyday Health received $12.5 million in an unlabeled funding round.
Gradient Ventures, a Google-backed venture capital firm for early-stage companies, participated in the round alongside Maven CEO Kate Ryder and venture capital firms Lionbird and Great Oaks Capital.
Heyday provides Medicare-eligible patients, as well as those dually eligible for Medicare and Medicaid, with a physical, behavioral and social assessment within their homes. The patients then have virtual access to a clinical team — including a physician, a nurse practitioner and a Health Ally — that works with them to design and manage their care plans.
The company sees patients in Northeast Ohio, along with Western and Central Kentucky. It plans to use the funds to continue to expand to the Cincinnati and Dayton area in Southwest Ohio and the Louisville area in Kentucky.
