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

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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.


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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.


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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.