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SeamlessMD raises $4 million CAD Series A to meet increased demand for digital patient engagement due to COVID-19 (BETAKIT)
Toronto healthtech startup SeamlessMD, which provides a cloud-based patient engagement app, has raised a $4 million CAD Series A led by Montreal’s MEDTEQ+.
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The app that goes along with it comes with the usual set of fitness tracking features along with two innovative — and potentially troubling — ideas: using your camera to create 3D scans for body fat and listening for the emotion in your voice.
Femtech market has potential but struggles to score investor dollars (MOBIHEALTHNEWS)
A new report from PitchBook projects solid growth in the industry, but also notes challenges in exits.
Some startups grapple with USPS delays in medication delivery (MED CITY NEWS)
Some healthcare startups that offer at-home prescription deliveries and test kits have experienced delays with the USPS. They shared how they’re navigating the changes.
Life sciences-focused ACTO announces $11.5 million USD Series A raised at height of the pandemic (BETAKIT)
ACTO closed an $11.5 million Series A round in April, with the capital being used to help expand its education and engagement platform.
A new research project will look at the impact of the COVID-19 pandemic on racialized communities as well as existing biases in the health-care system.
Montreal-based healthtech startup AlayaCare has secured $15 million CAD in growth capital financing from CIBC Innovation Banking.
The province states that its testing and contact tracing capabilities are already sufficient. It’s important to note that COVID Alert isn’t a contact tracing app, as it doesn’t identify users.
Elon Musk’s Neuralink unveils prototype of brain implants — and looks toward clinical trials (STAT NEWS)
Elon Musk on Friday unveiled a coin-sized prototype of a brain implant developed by his startup Neuralink to enable people who are paralyzed to operate smartphones and robotic limbs with their thoughts.
Verto Health raises $2 million CAD seed round to better connect healthcare providers, patients (BETAKIT)
Toronto-based healthtech startup Verto Health has closed a $2 million seed round led by MaRS Investment Accelerator Fund (MaRS IAF).
Telehealth has a hidden downside (FAST COMPANY)
In the rush to expand contactless medicine, doctors are moving much faster than the regulators, potentially leaving some patients at risk.
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