H|T: The Healthtech Times – Grin takes a bite out of Canada

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!


WELL Health to acquire majority stake in US-based digital pharmacy startup Wisp (BETAKIT)

The deal follows an impressive quarter of growth for WELL Health, which pulled in $61.8 million in revenue in the second quarter of 2021, an increase of 484 percent from the same period last year.


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Cityblock Health raises another mega-round of funding, tipping its valuation over $5 billion​ (STAT NEWS)

CityBlock raised a $400 million funding round led by SoftBank. It plans to put the capital toward its goal of serving 10 million members by 2030.


New York teledentistry platform Grin enters Canadian market (BETAKIT)

Grin’s solution consists of the Grin App, Grin Scope, and Grin Scope mini. All are FDA listed medical devices, and certified through Health Canada.


Whoop raises another $200M for its athlete-focused fitness wearable (TECHCRUNCH)

The company also announced that it has acquired sports tech startup PUSH.


FedDev Ontario commits combined $12 million to OneEleven and new Waterloo-London healthtech hub (BETAKIT)

FedDev Ontario’s $2 million investment comes after a period of turmoil for OneEleven.


Buoyed by COVID-19 tests, Cue files for IPO (MED CITY NEWS)

The San Diego-based company began marketing its first product, a portable COVID-19 test, after receiving an emergency use authorization last year.


Quip’s new $100M round will usher in more than just clean teeth (TECHCRUNCH)

Quip is on a mission to be the go-to platform for both personal and professional oral care, and a new $100 million cash infusion is giving the New York-based company fuel to do it.


Maple continues push for all-in-one virtual care with new mental health offering (BETAKIT)

Maple CEO Brett Belchetz previously told BetaKit that the firm had yet to file for an IPO, nor has Maple’s board of directors made a formal decision to do so.


Telehealth startup Calibrate clinches $100M in fresh funding to expand its weight loss platform (FIERCE HEALTHCARE)

In its first year since launch, weight loss telehealth platform Calibrate raised $100 million in capital funding from investors.


Meet Altos Labs, Silicon Valley’s latest wild bet on living forever (MIT TECHNOLOGY REVIEW)

Funders of a deep-pocketed new “rejuvenation” startup are said to include Jeff Bezos and Yuri Milner.


Revenues up at Think Research, net income decreases (BETAKIT)

Think Research also said higher stock-based compensation contributed to the drop in net income, although it was partially offset by higher revenue for the period.


Mattress startup Eight Sleep aims to detect cancer. Investors just valued it at nearly $500 million (FORTUNE)

Within the year, the company plans to roll out features that could flag if a user is showing early signs of the flu. And later down the line, even cancer as it builds more sophisticated hardware.


Jury of 12 chosen for Theranos founder Holmes’s fraud trial (BNN BLOOMBERG)

A jury of seven men and five women was sworn in Thursday for the criminal fraud trial of Elizabeth Holmes over charges that the Theranos Inc. founder defrauded investors and patients.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.