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!
Future Fields raises $15.1 million CAD to equip more industries with bioreactors made from flies (BETAKIT)
Future Fields did not disclose who led the round, but noted that Bee Partners increased its equity stake. The round also saw participation from Toyota Ventures, Builders VC, AgFunder, Amplify Capital, Milad Alucozai of BoxOne Ventures, Green Circle Foodtech, Siddhi Capital, and Climate Capital.
Amazon completes One Medical takeover after FTC nod, discounts membership (REUTERS)
The acquisition, announced last July, gives the online retailer a virtual health offering as well as offices for in-person medical services for the first time.
Despite market conditions, 2022 second-highest year on record for Canadian venture capital BetaKit (BETAKIT)
In the fourth quarter, $2.5 billion CAD was invested across 162 deals, closing the year with $10 billion across 706 deals.
In contrast, the third quarter of 2022 showed an annual and quarter-over-quarter decline with just $896 million invested across 144 VC deals.
Apply to the Centre for Aging + Brain Health Innovation (CABHI)’s MC² Capital, in partnership with National Bank. MC² Capital supports early-stage Canadian healthtech and fintech companies to grow, scale and #getmarketready with an investment of up to $400,000.
Companies may also access additional investment of up to $400,000 from the Ontario Brain Institute, commercialization and funding support from Ontario Bioscience Innovation Organization, and business financing from Clearco.
To date, CABHI founders and companies have secured more than $400 million in carry-on investments and more than 50% of CABHI companies have received follow-on funding.
Could your startup be next?
Teladoc Health reports $13.7B net loss in 2022 (MOBIHEALTHNEWS)
The loss included $13.4 billion in noncash goodwill impairment charges related to the virtual care company's Livongo acquisition.
Felix Health CFO Paritosh Gupta on why finance leaders need a new approach to risk (BETAKIT)
Speaking on the Float Retained Learnings podcast, Gupta shared more about his belief that CFOs need to learn to experiment more.
Aledade Acquires Curia, Adds More Than 450 Primary Care Practices to Network (MEDCITY NEWS)
By adding 450 primary care practices to its network, the company claims to be the largest network of independent primary care. In total, the company now works with more than 1,500 independent primary care practices and health centers and has more than 150 value-based contracts across Medicare, Medicare Advantage, Medicaid and commercial plans.
OMERS Ventures enters 2023 with new playbook as firm looks to launch fifth fund this year (BETAKIT)
Four years after John Ruffolo's departure, OMERS Ventures has built its global venture fund out of Canada. But 2023 has brought more changes for the firm: with plans to launch its fifth fund this year, OMERS Ventures has overhauled its operational structure and unified under one global investment committee.
Apple makes major progress on no-prick blood glucose tracking for its watch (BNN BLOOMBERG)
The goal of this secret endeavor — dubbed E5 — is to measure how much glucose is in someone’s body without needing to prick the skin for blood. After hitting major milestones recently, the company now believes it could eventually bring glucose monitoring to market, according to people familiar with the effort.
Doctor-backed Clinify secures $2 million CAD to help digitize African medical records (BETAKIT)
Drawing on his past experience working in healthtech with IBM and Alberta Health Services (AHS), Omidele founded Calgary-based Clinify in 2020 to help digitize and centralize medical records across Africa’s healthcare system and improve patient outcomes.
The DIY Rape Kit Start-up Leda Health Won’t Quit (THE CUT)
The headlines were bad. Vicious, even. “DIY Rape Kits Are a Terrible Idea, Says Basically Everyone,” Vice sniped. “The Misguided ‘MeToo Kit’ Asks Us to Accept the Inevitability of Sexual Assault,” wrote the executive director of a Boston rape crisis center. “The At-Home Rape Kit Start-up Is a Useless Mess,” this magazine scoffed.
Nearly two years to the date after the Me Too movement erupted, 23-year-old Madison Campbell announced her plans to sell a product borrowing its name: MeToo Kits, an at-home alternative to the rape kits used in American hospitals nationwide.
Subscribe to The Healthtech Times
Don’t forget to subscribe to The Healthtech Times using the form below to make sure it hits your email inbox every week!