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!
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+.
Access Silicon Valley with MC2 Market Readiness
Ontario-based healthtech, can your solutions benefit the lives of aging adults? Is your company ready to be piloted or purchased? Apply today to the Centre for Aging + Brain Health (CABHI) and its Mentorship, Capital and Continuation program (MC2), presented in partnership with National Bank.
MC2 Market Readiness offers tailored coaching and strategic advising from two founder-friendly accelerators: Toronto-based digital-first solutions accelerator, CABHI, and premier California-based growth accelerator, Berkeley SkyDeck. Successful applicants access the Silicon Valley ecosystem by remotely attending Berkeley SkyDeck this Fall. CABHI also invests up to $150,000 CAD via SAFE or unsecured venture debt to help companies achieve a specific business milestone that unlocks Seed or Series A.
Join us this fall to scale and grow your business competitively. Applications are being reviewed now, and are due by Monday, September 7, 2020.
For more information, visit cabhi.com/mc2mr to #getmarketready.
Amazon Halo: a fitness band and app that scans your body, listens to your voice (THE VERGE)
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.
National research project to probe racism in health care amid COVID-19 pandemic (CBC)
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.
AlayaCare secures $15 million debt facility from CIBC Innovation Banking (BETAKIT)
Montreal-based healthtech startup AlayaCare has secured $15 million CAD in growth capital financing from CIBC Innovation Banking.
Quebec won’t deploy ‘COVID Alert’ app in province for now (MOBILESYRUP)
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.
