H|T: The Healthtech Times – The biggest biotech IPO of 2019

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!


BetaKit

BenchSci’s total funding reaches $27 million as Gradient ups investment

Toronto-based BenchSci, an AI biomedical startup, has raised approximately $6.7 million CAD in financing, bringing its total funding to $27 million CAD.



CBC News

Ontario health report recommends more virtual visits, sharing ER wait times

Accessing medical records through a secure app, texting with health-care providers, using e-consultations for specialists — those are some of the ways Ontario’s special adviser on health care envisions the increased use of virtual care in the province.


Founders Factory Africa and Netcare to fund 35 healthtech startups

The application process is now open for FFA’s new Africa healthtech program, which will accelerate five startups a year and incubate two, FFA CEO Roo Rogers told TechCrunch.


Fortune

Digital health startup Omada snags another $73 million in funding: Brainstorm Health

Sean Duffy, the co-founder and chief executive at Omada Health, approached the company’s new $73 million funding round with a philosophical question: “What will healthcare delivery look like in 20 years? How should it look?”


BetaKit

Felix launches digital health platform following $750,000 seed round

Felix Health has launched a new digital healthcare platform, shortly after closing a $750,000 round of Seed financing in March.


They’re Ontario’s top-billing doctors, but for years their identities have been kept secret. Until now

He’s Ontario’s highest billing doctor: Narendra Armogan, an eye specialist with a bustling Mississauga practice, has charged the Ontario Health Insurance Plan an average of about $6 million a year.


Adaptive Biotechnologies set to go public with valuation above $2 billion in biggest biotech IPO of 2019

The company, which makes technology that can read the genetic information of the human immune system, increased its target price to $18 to $19 per share and could raise as much as $327.5 million from investors.


Six neurotech startups take home $50,000 from ONtrepreneurs Program

The ONtrepreneurs Program offers entrepreneurs a $50,000 investment, and one year of training, mentorship, and support.


With a portfolio including Acorns, Sweetgreen, and Ro, Torch Capital raises $60 million for its first fund

Jonathan Keidan, the founder of Torch Capital, had already built a portfolio before he raised single dollar for his inaugural venture capital fund, which just closed with $60 million.


Health startup cure.fit raises $120 million in fresh funding

Health and fitness start-up cure.fit announced it has raised $120 million in series D round of funding.


LATEST HEALTHTECH GRANT OPPORTUNITIES

3iOntario Digest presents a list of ongoing funding opportunities and other resources to accelerate health innovation.

CAN – UK-Canada Diabetes Research Team Grants (read more)

CAN – Alliance Grants (read more)

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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.