This review is designed to highlight the most famous funding round of the month, not comprehensive.
Health tech companies issued several major funding announcements in March. Here are some of the largest financing lists.
Navina raises $55 million in C-Capacity
Israel-based and New York-based Navina provides an AI adverb that collects and analyzes patient data from EHR and other sources to help physicians participate in value-based care models. It serves more than 10,000 healthcare workers in 1300 clinics.
Its $55 million C round is led by growth equity of Goldman Sachs alternatives, including participation from Israeli Vertex Ventures, Grove Ventures and Alive. Funding will help the company expand and improve its AI technology throughout the United States. Overall, Navina has raised $100 million.
Proscia receives $50 million
Philadelphia-based Proscia is a software company focused on pathology. Its concentration platform is designed to accelerate drug discovery, development and diagnosis.
Proscia's $50 million salary increase is led by Insight Partners, AI Capital Partners (the U.S. fund of Alpha Intelligence Capital) and Triangle Peak Partners. Other investors include Avenue Venture Capital Fund, Jade Development Manager, GPG Healthcare, Fusion Fund, Interleaved Venture Capital and Razor's Edge. The announcement said the funding would help the company “drive its business momentum.” Proscia raised a total of $130 million.
Vori Health Snags $53 million Series B funding
Vori Health, based in Nashville, Tennessee, offers in-person and virtual musculoskeletal care. It serves employers and health programs and provides access to board-certified physicians, physical therapists, registered dietitians and health coaches.
Its $53 million B round is led by the NEA, including support from Alleycorp, Intermountain Ventures at Intermountain Health, Echo Health Ventures and Max Ventures. Through funding, Vori Health will deepen its value-based care program, invest in its advanced data analytics and improve its technology platform and clinical programs.
Inperen raises $35 million in Series A funding
New York-based Inspen is a company that supports the advanced living community. It provides care planning and billing services, emergency call systems and workforce optimization services. It also uses AI to detect fall risks and identify high-risk patients.
The $35 million Series A is led by Avenir, with participation from major venture capital firms, Story Ventures, Third Prime and Studio VC. It will help inspire to grow its clinical consulting and internal teams and expand its business.
Photo: Abscent84, Getty Images
