Flo Health gets $200M, 'unicorn' valuation
Flo Health, a consumer-facing application for reproductive health, received more than $200 million from growth equity investor General Atlantic in a Series C funding round.
The investment came with a “unicorn” valuation for London-based Flo Health of more than $1 billion.
Related: Digital health funding: Loyal raises $33.5M, CEO steps down
Flo Health’s app offers curated cycle and ovulation tracking for users experiencing menstruation, conception, pregnancy and menopause. The company said in a release it will use the funds to add Europe- and North America-based employees who work in research and development.
In June 2021, Flo Health settled with the Federal Trade Commission after it allegedly shared users' personal health information with Facebook, Google and other companies without consent.
Spring Health receives $100M from Al Gore-led investor, others
Spring Health, a digital mental health company focused on employers and health plans, announced it raised $100 million in a Series E funding round led by Generation Investment Management. Read more.
CoachCare nabs $48M for remote patient monitoring
CoachCare, a remote patient monitoring company, received $48 million in a strategic growth round.
Private equity firm Integrity Growth Partners led the round.
CoachCare has developed a platform that helps providers run virtual care management programs. The company said in a release the funds will enable it to accelerate growth while remaining founder-led.
Healx takes in $47M for AI drug discovery
Artificial intelligence startup Healx received $47 million in a Series C funding round.
Venture capital firms Atomico and R42 Group co-led the round. Other investors included venture capital firms Ayana Capital, o2h and VU Venture Partners.
Healx uses AI to develop drugs for rare diseases. The company said in a release it will use the funds to develop medicines for rare oncology, renal and neurodevelopmental disorders.
