Research data management platform Flywheel has closed its Series C round with an additional investment from Intuitive Ventures, bringing its raise to $27.5 million.
In September, the company announced it had scooped up $22 million in Series C financing, which was used to support the acquisition of St. Louis-based Radiologics. Flywheel also raised $15 million in Series B funding earlier this year.
“Flywheel is laying powerful foundations for the future of AI development and scientific collaboration between research settings, life sciences and, ultimately, clinical practice,” Dr. Oliver Keown, director of Intuitive Ventures, said in a statement.
“Flywheel’s tailored data management solutions, impressive network of users and the team’s depth in unlocking value from complex data position them for tremendous impact.”
HealthSnap, a remote patient monitoring platform for chronic conditions like hypertension, diabetes and heart failure, has raised $5 million in new funding.
The round was led by OPKO Health, with participation from W-5 Group, 6nine26, Florida Funders, MacDonald Ventures and Hard Facts. HealthSnap said the funding brings its total raise to $12.2 million.
The company will use the capital to speed growth, expand nationally, and invest in research and development.
“In light of COVID-19, chronic condition management has fundamentally changed forever,” HealthSnap cofounder and CEO Samson Magid said in a statement.
“Over the last 18 months, patients have experienced the Netflix effect of healthcare by receiving care in their homes when they want it and we don’t see the adoption trends of virtual care slowing down any time soon.
“We look forward to continuing to execute our mission of delivering proactive and ongoing care in the home and shifting chronic condition management into a patient-centered, prevention-focused, and evidence-based model of the future today.”
Videra Health, which offers remote monitoring for behavioral health, announced it had raised $3 million in a seed funding round led by Peterson Ventures.
Other investors participating in the round include Rose Park Advisors, OATV and Jeremy Andrus.
“Even before COVID-19, behavioral health was woefully underfunded and understaffed. As the mental health crisis mounts, more and more patients need to be seen by our current providers. It is critical to equip providers with a scalable way to gain insights about patients both at and between appointments, the latter of which is traditionally a black box to providers,” founder and CEO Loren Larsen said in a statement.
“Our asynchronous telehealth platform opens this black box, giving behavioral health specialists easy-to-access, actionable patient data, so they have deeper insights about patients across the continuum of care.”