H|T: The Healthtech Times – SoftBank’s $100 million bet in health

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!

How startups can build resilience into their business models (BETAKIT)

Wayne Cuervo, General Manager of Cisco’s Toronto Innovation Labs, offers three pillars that startups need to build resilient businesses.

Whisper releases digitally connected hearing aid system and announces $35M funding round (MOBIHEALTHNEWS)

With the closing of this funding round, Whisper has raised a total of $53 million in funding.

Demand for virtual mental healthcare is soaring. Here are key trends on who is using it and why (FIERCE HEALTHCARE)

Teletherapy providers have seen record uptake since March, and the need for mental health support appears to be growing as patients confront the stress of the pandemic and social crises.

Healthtech startup raises funds for Brazil Oscar-copycat plan (BLOOMBERG)

Sami, a tech startup looking to replicate the success of Oscar Insurance Corp. in Brazil, is raising $15.5 million to take on the biggest players in the nation’s health-care insurance market.

Teledentistry is filling a cavity left by the pandemic, but some caution it can’t replace in-person visits (FORTUNE)

Supporters say teledentistry can help reach the 43% of rural Americans who lack access to dental care.

Contact-tracing apps: there’s no evidence they’re helping stop COVID-19 (THE CONVERSATION)

While this doesn’t mean we should write off contact-tracing apps altogether, the lack of evidence is a concern given the focus and money devoted to these apps and the policy decisions made around them.

How Bind Benefits’ CEO will use $105M to upend the health insurance market (MED CITY NEWS)

Insurance startup Bind Benefits just raised $105 million in a Series B funding round to further expand into the fully insured market.

Atlanta-based health tech startup Loyal raises $12.5 million Series A to personalize healthcare (HYPEPOTAMUS)

Atlanta-based healthtech company Loyal, known for improving how hospitals engage with patients through AI-powered tools, announced it has secured $12.5 million in Series A funding.

Lyra mental health service teams up with Calm meditation app (CNBC)

Calm and Lyra Health are partnering up to provide a larger scope of services for employees suffering from stress and burnout.

SoftBank’s $100 million diversity and inclusion fund makes its first bet … in health (BNN BLOOMBERG)

SoftBank’s Opportunity Fund has made the health insurance startup Vitable Health the first public commitment from its $100 million fund dedicated to investing in startups founded by entrepreneurs of color.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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