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Amplitude Ventures’ precision health fund exceeds $200 million target following final close (BETAKIT)
Amplitude Ventures is a spin-out of BDC, which notably provided the largest capital commitment to Amplitude’s fund in 2019.
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Mental health provider LifeStance Health valued at more than $7B as stock jumps following IPO (FIERCE HEALTHCARE)
After the IPO, TPG, Summit Partners and Silversmith Capital Partners will make up a block owning 66% of LifeStance’s shares.
In September, LifeSpeak raised a $42 million equity investment in its first institutional round of financing, led by Round13 Capital.
Ottawa funds domestic PPE efforts as Quebec mask maker Medicom set to make filter raw material in Canada (THE GLOBE AND MAIL)
Ottawa pledges $29-million to secure supply of respiratory masks for Canadians in future health crises, as part of a $39-million investment by AMD Medicom Inc.
Mental health startup Lyra Health now worth $4.6B with latest megaround (FIERCE HEALTHCARE)
High-flying startup Lyra Health, a provider of mental health benefits for employees, banked $200 million in new funding to raise its valuation to a reported $4.6 billion.
Verily joins a series of large US tech firms that have sought to take advantage of Canada’s strong pool of software engineering talent. This list includes MasterClass, which BetaKit reported plans to open a new hub in Kitchener-Waterloo.
The offering comes at a time when numerous firms are cashing in on a boom in the health tech sector, which has received a boost from the COVID-19 pandemic.
To better understand the current state of Canadian startups and small businesses, BetaKit has joined forces with Cisco Designed to create a brief survey.
Bright Health sets terms for $1.3B IPO (MED CITY NEWS)
It will trade on the New York Stock Exchange under the symbol “BHG,” according to a recent SEC filing.
In April, AbCellera announced plans to open a new 380,000 square-foot hub in Vancouver that would serve as its new headquarters, which will comprise two facilities set to be completed in the next two to three years.
23andMe shares pop on Nasdaq (CRUNCHBASE)
Shares of consumer genetic testing and research company 23andMe jumped 21 percent on the Nasdaq on the company’s first day as public company.
Apple struggles in push to make healthcare its greatest legacy (WALL STREET JOURNAL)
Apple has envisioned an audacious plan for healthcare, offering its own primary-care medical service with Apple-employed doctors at its own clinics, according to people familiar with the plan and documents.
Earlier this year, WELL completed its largest acquisition to date, purchasing the issued and outstanding shares of Vancouver-based CRH Medical.