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Europe Health Care Medical

VisionHealth Raises €1.5M in Funding

– VisionHealth GmbH, a Garching, Germany-based provider of digital therapy support in inhalation therapy for the treatment of chronic respiratory diseases, closed a €1.5m financing round.
– Backers included Dr. Thomas Ecker, the Vantage Value GmbH, a Family Office in Eching (Germany).
– Erwin J. Schimmer of Vantage Value will take a seat on VisionHealth’s board of directors.

Health Care Hospital Medical North America

OmniLife Launches Crowdfunding Campaign in Response to Demand

– OmniLife has launched an open $250,000 CF round of investment through to enable the passionate organ donation community to participate in providing innovative solutions to the industry.
– Open to non-institutional, private investors with lower investment minimums and no accreditation requirements, the funds raised with this crowd-sourced opportunity will be used to support the commercialization of the company’s newest product, a communication-centric workflow tool allowing providers to collaborate on cases together to increase efficiency, transparency and coordination in order to place more organs and tissues and save more lives.
– Over the last four years, OmniLife has developed the largest collaboration and communication network specifically for transplant and donation professionals, with new organizations and partners joining every day.

Benefits Financial Direct Sales Employee FinTech Health Care Health Insurance Insurance Medical North America Services Sharing Economy

KindHealth Concludes 2020 With $4 Million in Funding

– KindHealth announced $4m in funding.
– The round was led by David Jones of David Jones Capital, LLC.
– KindHealth is an Austin-based, all-in-one digital health insurance platform.
– KindHealth helps consumers find the best individualized and low-cost health insurance.

Consulting Health Care Internet Medical North America

Nest Collaborative Closes $2.1M Seed Funding Round

– Nest Collaborative is a Farmington, Conn.-based creator of a virtual lactation consultation platform.
– Company raised $2.1m in seed funding.
– The round was led by Altitude Ventures with participation from Bread and Butter Ventures, Wavemaker 360, Portfolia FemTech Fund II, Connecticut Innovations, Carnrite Ventures, and the Hustle Fund.
– The new investment will be used to scale the team, invest in additional breastfeeding support offerings, increase marketing and partnerships, expand its scale and technological capabilities.

Biotechnology Health Care Medical North America Pharmaceutical Therapeutics

Elicio Therapeutics Secures a Total of $73 Million in Series B Financing

– Elicio Therapeutics secured a total of $73m in Series B financing.
– The funding was established from an international investor base, including multiple strategic and institutional investors.
– Proceeds will advance Elicio’s lead program ELI-002 into clinical trials in early 2021 for mutated KRAS (mKRAS) driven cancers, estimated to be 25% of all human solid tumors.
– ELI-002 contains two powerful components: The company’s proprietary immune stimulating Amphiphile (AMP)-CpG, an adjuvant, and AMP mKRAS peptides which target a broad spectrum of KRAS mutations that drive 97% of all KRAS-driven cancers.

Biotechnology Health Care Medical North America

CAGE Bio Announces $7.2M Series A Round

– CAGE Bio from San Carlos is an innovative biotechnology company focused on developing innovative therapies for infection, inflammation and immunology.
– The company announced the closing of a $7.2m Series A financing.

Biotechnology Emergency Medicine Europe Health Care Medical Medical Device

Mainstay Medical Receives US$108M Equity Financing

– Mainstay Medical Holdings, a Dublin, Ireland-based medical device company focused on commercializing an innovative implantable restorative neurostimulation system for people with disabling mechanical Chronic Low Back Pain, closed an equity financing of US$108m.
– The round was co-led by new investors Ally Bridge Group and Sofinnova Partners, through its Crossover Fund, and also included a large, global medical device company.
– Key existing investors participating include Sofinnova Partners (Capital Fund), KCK Group and Fountain Healthcare Partners.

Biotechnology Europe Medical Medical Device Pharmaceutical

OSE Immunotherapeutics Enters a Loan Agreement of up to €25 Million with the European Investment Bank

– OSE Immunotherapeutics entered a loan agreement of up to €25 million with the European Investment Bank.
– The loan facility is divided into three tranches including two tranches of €10 million each and a third tranche of €5 million.

Biotechnology Health Care Medical North America

HemoShear Therapeutics Raises $40M in Series A Financing

– HemoShear Therapeutics, Inc. is a clinical stage company developing treatments for rare metabolic disorders.
– The company raised $40m in Series A funding.
– The round was led by Suvretta Capital with participation from Janus Henderson Investors, Adage Capital Management LP and other private investors.
– The new investment will be used to complete a phase 2 study of its lead compound, HST5040, an investigational oral small molecule therapy, for the treatment of methylmalonic acidemia (MMA) and propionic acidemia (PA), as well as fund future clinical studies and earlier stage programs.

Health Care Medical mHealth Mobile Apps North America

Zocdoc Announces $150 Million in Growth Financing from Francisco Partners

– Zocdoc announced $150m in growth financing from Francisco Partners.
– This follows a momentous year for the company, characterized by a successful transition to a profitable variable revenue model which has led to accelerating growth.
– Zocdoc grew revenue by more than 35% year-over-year before the pandemic, and had year-over-year growth in 2020 despite COVID-19’s disruption.
– The company will use the capital to further propel its rapid growth, deepening its investments in sales and marketing, and expanding the products available through its platform.
– Zocdoc has long been the leader in online scheduling for in-person doctors’ appointments. However, as the pandemic dramatically accelerated the adoption of telehealth, Zocdoc rapidly adapted its marketplace.

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