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Following refocus and rebrand, Lydia AI secures $10 million CAD to make health insurance more inclusive (BETAKIT)
Insurtech startup Lydia AI, formerly Knowtions Research has raised $10 million CAD to launch the first series of insurance products using its health score technology in Taiwan, as it targets the Asia-Pacific insurance market.
23andMe jumps into telehealth, prescription drug delivery with $400M buyout of Lemonaid Health (FIERCE HEALTHCARE)
23andMe, which went public in June via a merger with Richard Branson’s blank check company, will pay $400 million for Lemonaid Health, with 25% of the purchase price in cash and the rest in shares of 23andMe.
Steadiwear raises $1.1 million CAD to fuel launch of glove designed to combat hand tremors (BETAKIT)
Fresh funding in hand, Steadiwear plans to begin rolling out the Steadi-Two next year, as it looks to improve the lives of more people suffering from Essential Tremor and Parkinson’s disease.
It struck a deal to acquire RubiconMD for $130 million in cash, with another $60 million in milestone payments.
The financing was led by Loyal VC, a global startup index fund, and saw participation from Maple Leaf Angels and Front Row Ventures.
The company plans to use the funding to expand into new regions. It aims to operate nationwide by 2023.
Fresh off the final closing of its $25 million initial fund, Raven is now looking to write $250,000 to $2 million cheques into purpose-driven Indigenous-led enterprises.
Telemedicine startups face uncertain regulatory terrain (WALL STREET JOURNAL)
Some states are rolling back waivers that enabled wider use of telemedicine during COVID-19 pandemic.
With responses from over 1,000 startup and SMB leaders, the results show a potential misalignment between leaders’ stated challenges, priorities, and areas for investment.
Bardavon Health raises $90M, looks to expand MSK solution beyond workers’ compensation (MED CITY NEWS)
The Kansas-based company has built up a network of physical therapists and a technology platform for workers’ compensation. Now, with $90 million in new funding, it plans to expand into new services for musculoskeletal care.
Everly Health buys startup Natalist to expand its reach into women’s health, retail products (FIERCE HEALTHCARE)
With the acquisition, Everly Health, the parent company of health-testing kit brand Everlywell, is pushing deeper into women’s health and retail products.
Papa’s care team will coordinate with Uber Health and Papa companions to provide transportation for seniors.