GroundGame.Health and SameSky Health, two startups focused on underserved patient populations, announced they have merged.
After the deal was finalized, the combined company closed a $17 million funding round led by venture capital firm 7WireVentures.
GroundGame.Health has developed a platform that connects health plans with community-based health organizations to help an insurer’s members receive services related to social determinants of health. SameSky sells its platform to insurers to personalize member outreach and messaging based on someone’s cultural background.
The combined company follows the trend led by startups such as Unite Us and Socially Determined, which use technology and analytics to help insurers improve members' access to social services.
Transcarent, a care navigation startup, raised $126 million in a Series D funding round, the company said in a news release. The round brings Transcarent’s funding total to $450 million and values the company at $2.2 billion. Read more.
Nuvo Group, the company behind a remote pregnancy monitoring platform, completed a merger with special purpose acquisition company LAMF Ventures this week.
The combined company, which will go by the Nuvo name, debuted Thursday on Nasdaq under the ticker NUVO. Shares closed at $4.70 per share, which was down 25% from its opening price of $6.30 per share.
The company's platform enables the delivery of certain remote tests along with maternal and fetal heart rate monitoring. The company has relationship agreements with multiple health systems, including Penn Medicine and Banner Health.
The deal with LAMF Ventures was first announced in August 2023.
Trovo Health, an artificial intelligence company, began operations with $15 million in seed funding.
The sole investor in the round was digital health venture capital firm Oak HC/FT.
Trovo said in a news release it has developed AI-powered assistants to help specialty providers extend their capabilities. The company said it will use the funds to build out its technology platform, clinical operations and leadership team.
Livara Health, an orthopedic care management startup, raised $15 million in a Series B funding round.
Venture capital firm A1 Health Ventures led the round. The venture arm for Renton, Washington-based Providence was also an investor along with Polaris Partners and Martin Ventures.
Livara has developed a platform that offers access to virtual physical therapy, care navigation services and nutritional guidance for commercial and Medicare insurers. The company said it will accelerate the development of its technology and clinical capabilities.
Piction Health, a virtual dermatology care company, raised $6 million in seed funding.
Investors in the round included Flare Capital Partners, Techstars, Argon Ventures and Good Growth Capital.
Patients can share photos of their skin conditions on the company's platform, and through the assistance of an AI decision-support tool Piction’s clinicians send their diagnosis. Patients are then connected to a nurse practitioner to provide care instructions and answer any questions they might have. Nurses also can provide referrals to a local dermatologist if needed.
The company is available for patients in Massachusetts, Connecticut, New Hampshire and Florida. CEO Susan Conover said in an interview the funding will be used to expand the company's geographic footprint.
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