This summary is published monthly. This is intended to highlight some of this month's most notable funding rounds and is not meant to be comprehensive.
Several major funding announcements were announced in the payer/employer space this month. Below is a list of some of the largest funding rounds.
- HiLabs increase $39 million in Series B funding
HiLabs, based in Bethesda, Maryland, is a company that primarily serves health insurance companies and uses AI to manage dirty data. The company offers products for provider data accuracy, clinical outcomes, payment accuracy, and value-based care.
the The Series B funding round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital. In total, HiLabs has raised approximately $41 million. Amit Garg, his CEO and co-founder of HiLabs, previously told MedCity News:
- pelago secure $58 million in Series C funding
Based in New York City, Pelago is a virtual clinic for substance use management. We provide services to employers and health plans, and support members affected by tobacco, alcohol, and opioids. We provide treatment programs that utilize behavioral therapy and drug therapy.
Pelago's Series C funding round was led by Atomico and included the following participants: Kinnevik AB, Octopus Ventures, Y Combinator, Eight Roads, GreyMatter Capital. The company has raised a total of $151 million. Pelago plans to use these funds to “accelerate its product roadmap, extend continuum of care and advance clinical research efforts,” according to a news release.
- brightside health nubs $33 million in Series C funding
San Francisco-based Brightside Health is a telehealth company that provides treatment and psychiatry to people with mild to severe depression, anxiety, and other mood disorders. It also offers a program called Crisis Care, which treats people who are actively considering suicide, have recently attempted suicide, or need follow-up care. Its services are available in all 50 states and can be paid for by insurance.
The company's Series C funding was led by S32 and included participation from Kennedy Lewis, Time BioVentures, Anne Wojcicki of Redwood Pacific, ACME, Mousse Partners, and Triventures. Brightside Health plans to use the funding to expand into new markets and create new services. The company has raised more than $100 million in total.
- healthy person increase $32 million in Series A funding
New York City-based Healthee is an AI-powered employee benefits app. We offer open enrollment guidance, billing and billing support, appointment booking, and her 24/7 access to your care team.
Series A funding round It was co-led by Fin Capital, Glilot Capital Partners and Group11, with participation from TriNet. The funding will “fuel the strategic expansion of the business, accelerate product development and support expansion efforts,” the news release said.
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