Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
Healthtech
Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
H|T: The Healthtech Times – Making your baby cry… for science
Plus: Could the Theranos that was promised come from Sudbury?
H|T: The Healthtech Times – Amazon is buying into primary care with One Medical acquisition
Plus: Digital health investment is just cooling off after a scorching year.
Verv closes $3.8 million seed round to develop at-home blood testing kit
Could the Theranos that was promised come from Sudbury?
Backed by Yoshua Bengio, Ubenwa is using AI to diagnose neurological issues through baby cries
The Radical Ventures-backed Mila spinout has raised $3.24 million CAD to launch app for parents.
H|T: The Healthtech Times – PointClickCare valuation tops $5 billion USD
Plus: Peloton competitor Tonal cuts 35% of workforce.
Oncoustics secures $5.5 million CAD to help spot liver disease using AI
Startup aims to “decrease or eliminate” need for high-end imaging, painful biopsies.
H|T: The Healthtech Times – Theranos exec Sunny Balwani found guilty of fraud
Plus: Medical billing startup Cedar cuts 24% of workforce as market constricts.
Welbi raises $3 million CAD to take its senior engagement software south of the border
Welbi’s solution helps ease the isolation of seniors in assisted living facilities.
Tissue engineering startup Spiderwort raises $17.1 million CAD to move to clinical trials
Spiderwort’s plant-based scaffolding can be used in regenerative medicine and tissue engineering.
Companies secure collective $1 million after Startup TNT Summit V
Startup TNT co-founders raising venture fund.
H|T: The Healthtech Times – Period, fertility apps could be weaponized in post-Roe world
Plus: Judge rules Apple Watch infringed AliveCor’s ECG patent, setting up potential U.S. import ban.
ACTO secures $23.5 million CAD as pandemic tailwinds increase demand for life sciences education
AstraZeneca is one of ACTO’s biggest customers.
Haleo raises $5.2 million seed extension to expand virtual sleep clinic
The Montréal startup wants to help workers with what keeps them up at night.