H|T: The Healthtech Times – Canada’s healthtech hotbed


The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!

Governor General’s Innovation Award winners include leaders of Swift Medical, Adaptiiv (BETAKIT)

This year, six individuals and groups have secured the honour, including two key members of Canadian healthtech startups.

Walmart deal shows expansion in telehealth, new front with Amazon (WALL STREET JOURNAL)

Both Walmart and Amazon are taking what they learn paying for the healthcare of their employees and starting to offer expansive healthcare services to customers.

Toronto became a healthtech hotbed in 2020 (BETAKIT)

Healthtech has emerged as a leading vertical for venture capital investment in the Greater Toronto Area as COVID-19 pushed governments and institutions to embrace health innovation.

Collective Health valued at $1.5 billion after funding infusion (BNN BLOOMBERG)

Startup Collective Health has reached a valuation of about $1.5 billion after raising $280 million in new funding in the latest sign that investors are eager to bet on private health-care companies.

Bonfire, Curiato, FutureVault among latest Canadian startups to make CEO change up (BETAKIT)

The trio of companies is the latest of a number of Canadian innovation sector organizations that have notable leadership changes in recent months.

AbCellera starts trials of treatment for COVID-19 variants, could be ready for widespread use by fall (THE GLOBE AND MAIL)

The news comes as the biotech company breaks ground on a new 380,000-square foot tech hub in Vancouver, and faces a more competitive world after COVID-19.

Talaris Therapeutics’ IPO raises $150M to transform solid organ transplants (MED CITY NEWS)

The biggest IPO belongs to Talaris Therapeutics, a company developing a cell therapy for organ transplant patients that could mean the end of lifelong immunosuppressive drugs that prevent rejection.

Vida Health lands $110M series D to expand provider network, invest in AI technology (FIERCE HEALTHCARE)

Vida Health has expanded its nationwide network of therapists, coaches, dietitians and diabetes educators by more than 400%.

How to better leverage SR&ED refunds to accelerate startup growth (BETAKIT)

Boast.AI’s Russ Armstrong explains how using Quarterly Advanced Refunds on SR&ED claims can dramatically accelerate startup growth.

Oura raises $100M, looks to add more health features to sleep-tracking ring (MED CITY NEWS)

The startup plans to more develop features that would help people better understand what to do with their health data.

Neuralink co-founder Max Hodak leaves Elon Musk’s brain implant company (CNBC)

Musk – who is also the CEO of auto and rocket makers Tesla and SpaceX – has invested tens of millions of his own money into Neuralink.

Headway raises $70M at a $750M valuation to help connect therapists with people and insurance schemes (TECHCRUNCH)

The rapid pace of funding, the backers and that valuation all underscore the timeliness of the concept, and also the traction that Headway is getting for its approach.

How startups can manage cashflow (BETAKIT)

Speaking with BetaKit, Xero Canada Country Manager Faye Pang shared her advice on how startups can properly set up their cash flow management.

Digital-health startups are booming. Their customers are overwhelmed. (WALL STREET JOURNAL)

Digital-health startups have boomed during the pandemic, raising record amounts of capital for a range of services. The message from some of their customers: Enough, already.

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.

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