H|T: The Healthtech Times – Lumira Ventures hunts US medtech

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!

Optina raises $24 million to bolster AI-powered early Alzheimer detection device (BETAKIT)

Named “awAIR,” the company is working towards submitting data related to the cerebral amyloid status test for Alzheimer’s disease for its FDA regulatory submission.


What ideas and innovations do you have to bring to the table?

Real change happens when voices, skills, and ideas collide, focusing creative energy and collective passion towards the achievement of common goals.

By elevating and redefining healthcare, taking a more equitable, human-centred approach, Soaring with Roche is doing things differently to address five critically important health challenges: Aging Powerfully, Health Justice, Waiting for Healthcare, Health Literacy, and Data Sharing.

Together we will tackle the biggest challenges with the greatest opportunities to make a positive and lasting impact on the lives of all people living in Canada.

Learn more at Soaring With Roche.

Hinge Health rakes in $600M investment from Coatue, Tiger Global, boosting valuation to $6.2B (FIERCE HEALTHCARE)

Fast-growing digital health company Hinge Health clinched $400 million in a financing round amid soaring demand for virtual physical therapy services.

Lumira Ventures latest Canadian VC to jump on SPAC trend in pursuit of US medtech firms (BETAKIT)

Lava intends to leverage Lumira’s team, relationships, experience, and database of healthcare investment opportunities.

Ford government pledged $2.5 million to Facedrive for bracelets to fight COVID — but employees say the tech ‘never worked like it should.’ How were so many alarms missed? (TORONTO STAR)

What remained after everything, all the lawsuits and the tumbling stock and the government cash, were the bracelets, black and never quite beeping like they should, one last little mystery, still unsolved, right in the heart of it all.

Better Therapeutics goes public through SPAC, will put proceeds toward first digital therapeutic (MED CITY NEWS)

The startup is developing digital therapeutics that use cognitive behavioral therapy-based programs to address cardiometabolic conditions.

Following refocus and rebrand, Lydia AI secures $10 million CAD to make health insurance more inclusive (BETAKIT)

Insurtech startup Lydia AI, formerly Knowtions Research has raised $10 million CAD to launch the first series of insurance products using its health score technology in Taiwan, as it targets the Asia-Pacific insurance market.

Medable scores more than $300M for decentralized clinical trials (MOBIHEALTHNEWS)

This new funding round brings the company’s total raise to $521 million.

Neo Financial’s Series B leads Calgary’s venture funding bounce back in Q3 (BETAKIT)

Following a poor Q2 for tech investment, Calgary bounced back in the third quarter. Elsewhere, Toronto startups broke venture funding records again, Montréal and British Columbia continued to see strong results, and Waterloo Region saw deal volume hit a two-year low.

Truepill’s $142M series D boosts valuation to $1.6B as it expands reach to health plans, providers (FIERCE HEALTHCARE)

With the latest funding round, Truepill has reached unicorn status, with its total valuation at $1.6 billion, according to the company.

Steadiwear raises $1.1 million CAD to fuel launch of glove designed to combat hand tremors (BETAKIT)

Fresh funding in hand, Steadiwear plans to begin rolling out the Steadi-Two next year, as it looks to improve the lives of more people suffering from Essential Tremor and Parkinson’s disease.

A security bug in health app Docket exposed COVID-19 vaccine records (TECHCRUNCH)

The bug, now fixed, allowed access to other people’s vaccination records.

EmergConnect raises $350,000 to fund emergency room wait time predictor (BETAKIT)

The financing was led by Loyal VC, a global startup index fund, and saw participation from Maple Leaf Angels and Front Row Ventures.

Google hires ex-Headspace executive amid ongoing digital health push (FORBES)

Megan Jones Bell, who previously served as the Chief Strategy and Science Officer at Headspace, is joining Google.

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.

0 replies on “H|T: The Healthtech Times – Lumira Ventures hunts US medtech”