H|T: The Healthtech Times – AbCelleration


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Following Series A raise, Medchart adds VP of product design to support product development, expansion (BETAKIT)

“When you look at [Medchart’s] mission, when we think about being able to essentially impact lives, save lives, build a business that helps entrepreneurs build their business, it’s just super exciting,” Callahan told BetaKit.


MCI Onehealth logo

How tech can promote a collaborative, patient-centric approach in healthcare

“Innovation is not just about technology. It’s the mechanism by which you organize and sequence how you actually deliver healthcare, and how to actually understand the patient-doctor relationship.”

In an interview with BetaKit, Saleema Khimji, the Chief Innovation Officer at MCI Onehealth, shared how the current siloed ecosystem of researchers, governments, and private sector companies can fail patients – and why a new patient-centric model based on collaboration needs technology to thrive.


Behavioral health startup Spring Health valued at $2B (MED CITY NEWS)

The company, which offers mental health solutions for employers and health plans, recently closed a $190 million series C round, that included both equity and debt.

AbCellera acquires TetraGenetics, announces multi-year partnership with Moderna (BETAKIT)

“Integrating TetraGenetics’ capabilities into AbCellera’s technology stack provides an optimized protein source for AbCellera’s antibody discovery,” said AbCellera in its announcement.

Synthetic DNA healthtech helping the vaccine race secures $125m (SIFTED)

The field of genetic medicine is growing at pace: but it relies on a supply of DNA.

MedStack secures $3.93 million CAD to capitalize on increased demand for healthtech (BETAKIT)

Gopalan called MedStack’s latest round a “Pre-Series A.” The round follows a $2.4 million CAD ($1.8 million USD) seed round the startup closed in early 2019, which BVI later joined, bringing the total to $2 million USD.

Definitive Healthcare hauls in $420M in IPO, joining steady stream of healthtech firms to go public (FIERCE HEALTHCARE)

Goldman Sachs, JPMorgan, Morgan Stanley, Barclays, Credit Suisse and Deutsche Bank are the joint bookrunners on the deal.

Think Research switches banks, increases credit facility to $28 million (BETAKIT)

The change in credit lenders came after Think Research posted its second-quarter 2021 results, showing record revenue of $10.2 million CAD in Q2 2021, an increase of 167 percent over the same period in the previous year.

Commure nabs $500M in funding for health software (MOBIHEALTHNEWS)

Human Capital and Greenoaks Capital led the latest round, according to Insider’s reporting.

PocketHealth hires Nick Stein as CMO (BETAKIT)

Last April, the startup raised $9.1 million CAD in its first round of funding, which was led by Toronto’s Radical Ventures.

A closer look at Theranos’ big-name investors, partners and board as Elizabeth Holmes’ criminal trial begins (CRUNCHBASE)

Theranos was once a Silicon Valley golden child, expanding rapidly, partnering with a major pharmacy, and raising over a billion dollars in funding.

RBCx partners with CAN Health Network to increase Canadian medtech firms’ access to capital (BETAKIT)

As CAN Health’s first financial services provider, RBC, through RBCx, will expand the network’s offering from access to Canadian healthcare organizations and procurement opportunities to banking services.

With $100M in new funding, Tia CEO says the ‘tide has turned’ for investing in women’s health (MED CITY NEWS)

Amid a surge of financing into women’s health startups, CEO Carolyn Witte said investors’ perspectives are changing.

Michael Peters to replace Pascale Audette as CEO of Carebook (BETAKIT)

Peters is set to replace Pascale Audette, who has served as Carebook’s CEO since 2016. The company made its TSXV debut in October 2020, following the completion of a reverse takeover.

Digital wound care startup pushes into decentralized clinical trials market (FIERCE HEALTHCARE)

Swift Medical, a startup that built an app for remote wound care, is expanding into technology to support decentralized clinical trials, taking on a more than $44 billion market that’s steadily growing.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache. He was also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award.

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