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Cyber risk management platform provider Panorays nabs $42M
Cyber risk management platform provider Panorays nabs $42M
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Cyber risk management platform provider Panorays nabs $42M

– Panorays, a provider of security risk management software, announced that it closed a $42m series B funding round led by Greenfield Partners with participation from Aleph and Oak HC/FT, as well as new investors BlueRed Partners, Greenspring Associates, and Moneta VC.
– The company says that it plans to spend the capital on product R&D and hiring as it looks to expand the size of its platform.
– Investments in cyber risk mitigation technologies continue to grow as cyberattacks proliferate during the pandemic. In 2020, the average business cost of a cyberattack was $3.86m, and it took over 200 days to detect the breach.
– Perhaps unsurprisingly, Gartner projects that worldwide spending on information security and risk management technology and services is forecast to climb 12.4% to reach $150.4bn in 2021.

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Ocrolus Lands $80M Series C Financing Round
Ocrolus Lands $80M Series C Financing Round
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Ocrolus Lands $80M Series C Financing Round

– Ocrolus, a San Francisco-based automation platform that analyzes financial documents with over 99% accuracy, announced $80m in Series C funding.
– The round was led by Fin VC at a valuation north of $500m.
– Additional participants in the round were Thomvest Ventures, Mubadala Capital, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Invicta Growth, Stage 2 Capital, and Cross River Bank.
– The company plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.

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Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers
Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers
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Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers

– Sendoso, a gifting platform, raised $100m funding.
– The round was led by SoftBank via its Vision Fund 2.
– Previous investors Oak HC/FT, Struck Capital, Stage 2 Capital, Craft Ventures, Signia Venture Partners and Felicis Ventures also participated.
– The company has more than 20,000 businesses signed up and using its services.

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TurningPoint Healthcare Solutions Raises Growth Funding
TurningPoint Healthcare Solutions Raises Growth Funding
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TurningPoint Healthcare Solutions Raises Growth Funding

– TurningPoint Healthcare Solutions, a Lake Mary, Fla.-based leader in advanced clinical and technology-enabled complex care management, received a growth funding of undisclosed amount.
– The round was led by Summit Partners, with participation from Oak HC/FT and existing investor Sopris Capital.
– The new investment will enable the company to expand into areas of healthcare, enhance its innovative technology and product offering, and expand its geographic presence.

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Maven Clinic Raises $110M in Series D Funding
Maven Clinic Raises $110M in Series D Funding
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Maven Clinic Raises $110M in Series D Funding

– Maven Clinic from New York provides virtual clinic for women’s and family health, offering continuous, holistic care for fertility, pregnancy and parenting.
– Company raised $110m in Series D funding.
– The round was led by Dragoneer Investment Group, Lux Capital with participation from BOND, Sequoia, Oak HC/FT, and Icon Ventures, as well as Oprah Winfrey.
– The new investment will be used to expand into new populations and to invest in additional product innovation to further enhance its member experience designed to improve clinical outcomes.

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Cart.com Raises $98M in Series B Funding
Cart.com Raises $98M in Series B Funding
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Cart.com Raises $98M in Series B Funding

– Cart.com from Houston TX provides ecommerce solutions to help businesses scale online.
– The company closed $98M Series B funding round.
Oak HC/FT led the round, with participation from PayPal Ventures, Clearco, Raven One Ventures, G9 Ventures and prior investors Mercury Fund, Moonshots Capital, Valedor Partners, Arsenal Growth, as well as Sebastian Rymarz, CEO of Heyday, Phillip Krim, CEO of Casper, as well as executives at Discover Financial, Robinhood, Blinds.com and Uber.
– The company intends to use the funds to further strengthen its ecommerce-as-a-Service (ECaaS) integrated platform and continue acquiring solution providers.

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Cricket Health Raises $83.5M in Series B Funding
Cricket Health Raises $83.5M in Series B Funding
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Cricket Health Raises $83.5M in Series B Funding

– Cricket Health from San Francisco is a provider of value-based kidney care.
– Company closed $83.5m Series B funding round.
– The round was led by Valtruis with participation from existing investors Oak HC/FT and Cigna Ventures, as well as K2 HealthVentures and a strategic investment from Blue Shield of California.
– The new investment will be used for rapid expansion to support demand for its care model for people with kidney disease across the United States.

Source
Veda Secures $45m of Series B Funding Led by Oak HC/FT
Veda Secures $45m of Series B Funding Led by Oak HC/FT
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Veda Secures $45m of Series B Funding Led by Oak HC/FT

– veda, an AI and machine learning platform that can save healthcare payers and providers up to 90% in administrative costs by enhancing the processing speed and accuracy of information, announced the close of $45m in Series B funding.
– The funding was led by Oak HC/FT.
– The funding will enable veda to accelerate its growth and further its mission to help health plans focus on the health and well-being of its members, rather than burdensome administrative processes.
– To date, veda has supported some of the country’s largest health insurance companies in their efforts to automate administrative processes. In 2021, the company is expected to save health plans 500,000 hours in provider data processing time.

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Syllable Raises $28 Million Led by Oak HC/FT to Transform Customer Service in Healthcare
Syllable Raises $28 Million Led by Oak HC/FT to Transform Customer Service in Healthcare
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Syllable Raises $28 Million Led by Oak HC/FT to Transform Customer Service in Healthcare

– Syllable announced a $28m Series B funding round to modernize customer service in healthcare.
– The round was led by Oak HC/FT with participation from previous investor Section 32 and will be utilized to scale partnerships with health systems, deploy with payers, and grow the team.
– Currently, most consumer-facing industries offer a digital-first customer service experience that relies primarily on self-service options. Healthcare is different, with eight out of nine people choosing to contact their healthcare provider on the phone. Yet, callers often face long call hold times, endless transfers and dead ends.

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August Bioservices Raises $23.6M in Series A Extension
August Bioservices Raises $23.6M in Series A Extension
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August Bioservices Raises $23.6M in Series A Extension

– August Bioservices, a Nashville, Tenn.-based contract development and manufacturing organization (CDMO) providing drug discovery, development, and pharmaceutical manufacturing services, closed a $23.6m Series A extension.
– The round was led by Polaris Partners, who joined existing investor Oak HC/FT. As part of the financing, Brian Chee, Managing Partner of Polaris Partners, joined the August Bioservices’ board as a Director. Darren Carroll of Polaris Partners joined the board as an observer.
– The company intends to use the funds to expand its manufacturing capacity and capabilities to advance the technology platforms needed to support production of sterile injectable medications.

Source
Noom Announces $540 Million in Growth Funding to Further Accelerate Expansion of its Digital Health Platform
Noom Announces $540 Million in Growth Funding to Further Accelerate Expansion of its Digital Health Platform
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Noom Announces $540 Million in Growth Funding to Further Accelerate Expansion of its Digital Health Platform

– Noom announced its approximately $540m Series F funding led by Silver Lake.
– The round was also participated by Oak HC/FT, Temasek, and Novo Holdings.
– Existing investors Sequoia Capital, RRE, and Samsung Ventures also participated.
– Noom is a leading digital health platform focused on behavior change.
– The company applies a highly-differentiated, psychology-based approach to health and wellness by harnessing behavior change and technology to create long-term positive health outcomes.
– With more than a decade of research, innovation, and product development, Noom has attracted millions of global users to its powerful consumer-first platform.

Source
Paxos raises $300 million to build a cryptocurrency infrastructure giant
Paxos raises $300 million to build a cryptocurrency infrastructure giant
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Paxos raises $300 million to build a cryptocurrency infrastructure giant

– Paxos has raised $300m funding.
– The round was led by Oak HC/FT and joined by Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures and WestCap.
– Paxos offers different products, such as crypto trading and settlement, custody and the ability to issue tokens.
– It focuses on big enterprise clients, such as Revolut, Crédit Suisse, Société Générale and StoneX.
– The company tries to be as compliant as possible. And it plans to remain committed to regulation across several geographies and verticals.

Source
Ethic Closes $29M Series B Round to Power Personalization for Wealth Advisors
Ethic Closes $29M Series B Round to Power Personalization for Wealth Advisors
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Ethic Closes $29M Series B Round to Power Personalization for Wealth Advisors

– Ethic Inc. (“Ethic”), the tech-driven asset management platform that powers personalization for advisors, today announced that it has closed $29 million in Series B funding.
– The round was led by Oak HC/FT, with participation from existing investors including Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund and Kapor Capital.
– This new capital will support Ethic’s continued rapid growth, in addition to further investment in the company’s technology platform.
– The funding follows a strong period of growth for Ethic, which saw the company increase the number of assets on its platform by over 10x since its prior round of funding in 2019.

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Advise Health Holdings Inks $100M Funding
Advise Health Holdings Inks $100M Funding
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Advise Health Holdings Inks $100M Funding

– Advise Health Holdings, a leading and licensed Medicare agency, announced its first capital funding round of $100 million.
– The capital raise was led by Oak HC/FT, which focuses on investing in tech-enabled healthcare and financial services companies.
Adams Street Partners and Hamilton Lane also participated.

Source
DispatchHealth Raises $200M in Series D Financing
DispatchHealth Raises $200M in Series D Financing
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DispatchHealth Raises $200M in Series D Financing

– DispatchHealth is a Denver, CO-based provider of in-home medical care.
– Company raised $200m in Series D funding.
– The round was led by Tiger Global with participation from previous investors Alta Partners, Echo Health Ventures, Humana, Oak HC/FT and Questa Capital.
– The new investment will be used to expand the company’s platform for in-home medical care to a total of 100 markets and its Advanced Care line of service across the United States.

Source
Circulo Raises $50M in Series A Funding
Circulo Raises $50M in Series A Funding
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Circulo Raises $50M in Series A Funding

– Circulo Raises $50M in Series A Funding.
– The round was led by Drive Capital and General Catalyst with participation from Oak HC/FT and SVB Capital.
– The new investment will be used to expand the company’s product and technology platform.

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