Top Business Models in HealthTech - 12 Mar 2024

TRACXN TOP BUSINESS MODELS REPORT
HEALTHTECH
March 12, 2024

Contents
HealthTech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2 HealthTech - Top Business Models Report Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
HealthTech - Funding in last 1 year
Y-o-Y Funding Funding by Geography Top Funding Rounds
Smile Doctors $550M - Series D
United States (69%) (2015, United States)
India (4%) PharmEasy $420M - Series G

(2015, India)
United Kingdom (4%)
Germany (3%) Aledade $260M - Series F
(2014, United States)
France (2%)
Cellares $255M - Series C
Canada (2%) (2019, United States)
Israel (2%) EGYM $226M - Series F

(2010, Germany)
Others (13%)
Genesis Therapeutics $224M - Series B
$ Funding # Rounds (2019, United States)
HeartFlow $216M - Series F

Top Investors by Funding Rounds Top Feeds by $ Funding (2010, United States)
Y Combinator 29 Healthcare IT $6.6B Nimbus Therapeutics $210M - Series F

Seed (2009, United States)
Gener8tor 10
Stage
Techstars 8 Life Sciences Tech $3.6B Gravie $179M - Series F
(2013, United States)
a16z 8 Healthcare Booking Platforms $2.9B
Early Devoted Health
General Catalyst 7 $175M - Series E
Stage (2017, United States)
Bpifrance 6 Chronic Disease Management $2.3B
BioAge Labs $170M - Series D
Insight Partners 5 Employee Health IT $1.7B (2015, United States)
Late
Novo Holdings 5 Strive Health
Stage $166M - Series C
F-Prime Capital 4 Telemedicine $1.6B (2008, United States)
Top Funded Business Models - last 1 year (1/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
1 ▲5 Employee Healthcare Benefits Administration $560M 33 vbasoftware.com | $156M | PE Link
2 ▲2 Employee Health Benefits Marketplace $296M 13 gravie.com | $179M | Series F Link
3 -- Fitness and Wellness Platforms $243M 7 egym.com | $226M | Series F Link
4 ▲18 Personal Health Record Apps $203M 12 abridge.com | $150M | Series C Link
5 ▲4 Digital Health Insurance Providers $193M 2 devoted.com | $175M | Series E Link
6 ▲40 Heart Health Monitoring Devices $161M 15 infobionic.com | $57.8M | Series D Link
7 ▲8 Smart Fitness Equipment $157M 10 tonal.com | $130M | Series E Link
8 ▲16 Employee Mental Health Solutions $154M 25 springhealth.. | $71.0M | Series C Link
9 -- Corporate Fitness Management $144M 10 gympass.com | $85.0M | Series F Link
10 -- Healthcare Business Intelligence $140M 7 dexcare.com | $75.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
11 ▲7 Remote Patient Monitoring Platforms $125M 34 healthsnap.io | $25.0M | Series B Link
12 ▲8 Telehealth for Providers $125M 14 truepill.com | $66.2M | Series D Link
13 -- Revenue Cycle Management $124M 6 janus-ai.com | $45.1M | Series B Link
14 ▼11 Administrative Solutions for Healthcare $120M 10 winning.com.cn | $43.3M | Series C Link
15 -- Home Based $113M 3 infobionic.com | $57.8M | Series D Link
16 ▲5 Teleconsultation for Employees $112M 9 tytocare.com | $49.0M | Series D Link
17 -- Digital Medication Adherence $107M 12 spencerhealt.. | $43.0M | Series D Link
18 -- Wearable Breast Pump Brand $98.7M 6 onewillow.com | $81.4M | Series D Link
19 -- Radiology Image Analysis $94.7M 24 heartflow.com | $216M | Series F Link
20 ▼7 Radiology Image Analysis $94.7M 36 heartflow.com | $216M | Series F Link
21 -- Breast Feeding Devices $87.6M 9 onewillow.com | $81.4M | Series D Link
22 -- Medical Documentation Management $83.9M 5 ambienceheal.. | $70.0M | Series B Link
23 -- Dental Treatment Planning $80.0M 1 lf.co | $80.0M | Series D Link
24 ▲3 Personal Emergency Response App $75.0M 1 rapidsos.com | $75.0M | Series D Link
25 ▲1 Digital Symptom Checkers $70.8M 5 khealth.com | $59.0M | Series E Link
26 ▲12 Remote Patient Monitoring Wearables $70.6M 21 infobionic.com | $57.8M | Series D Link
27 ▲3 Chronic Care Management $70.0M 6 strivehealth... | $166M | Series C Link
28 -- Healthcare Payment Solutions $69.6M 4 rialtic.io | $36.7M | Series B Link
29 -- Clinical Workflow Management $69.5M 8 fabrichealth.. | $60.0M | Series A Link
30 ▼22 Healthcare Data Management Platforms $68.1M 14 carta.health.. | $25.0M | Series B Link
31 -- Remote Patient Monitoring Devices $67.9M 7 tytocare.com | $49.0M | Series D Link
32 -- Employee Health Benefits $66.7M 3 joinansel.com | $28.7M | Series B Link
33 ▲16 Digital Therapeutics for Mental Health $63.3M 9 lirio.com | $27.0M | Series B Link
34 -- Non-Invasive CGM Devices $62.2M 7 biolinq.com | $35.1M | Series B Link
35 ▼33 Practice Management and EHR $61.2M 15 vitaler.com | $24.7M | Series B Link
36 -- Pregnancy Monitoring Apps $58.1M 4 pomelocare.com | $25.0M | Series A Link
37 ▲5 Fitness Wrist Wearables $56.0M 6 matrixindust.. | $21.0M | Series B Link
38 -- Healthcare Industry Payments Platform $54.9M 6 rialtic.io | $36.7M | Series B Link
39 -- Enterprise Data Management $54.0M 1 flywheel.io | $54.0M | Series D Link
40 ▲7 Sleep Management Devices $53.3M 8 onerahealth... | $32.9M | Series C Link
41 ▼28 Patient Engagement $51.9M 8 icanbwell.com | $40.0M | Series C Link
42 -- Healthcare Provider Management $50.5M 3 coherehealth.. | $50.0M | Series B Link
43 -- Electronic Health Record Facilitator $50.2M 6 ourparker.com | $25.0M | Series A Link
44 -- Expert-Led $49.7M 4 healthifyme... | $30.0M | Series C Link
45 -- Medication Adherence Devices $48.3M 5 spencerhealt.. | $43.0M | Series D Link
46 -- Automated Patient Communication $48.0M 5 hyro.ai | $20.0M | Series B Link
47 -- D2C Genetic Tests $47.0M 1 recurohealth.. | $47.0M | Series B Link
48 ▼21 Medical Coding & Billing Software $46.5M 7 codametrix.com | $40.0M | Series B Link
49 -- Healthcare Member Engagement $41.7M 4 lirio.com | $27.0M | Series B Link
Back to index
Employee Healthcare Benefits $560M (▲161%)

01 Administration $ Invested in last 1 year
Accolade League HealthEquity 33 (▼28.3%)

(2007, United States, $213M) (2014, Canada, $242M) (2002, United States, $15.3M) # Funding Rounds in last 1 year
Key Stats Recent Funding Rounds Taxonomy
VBA Software (1995, United States) Employee Health IT (HealthifyMe)

759 307 $156M - PE - Aug 2023 (# Cos: 4258 | $25.8B)
Companies Funded Companies Rain (2002, United States) Healthcare Benefits Administration (Swile)
$66.0M - Series A - Mar 2023 (# Cos: 1171 | $10.4B)
$66.0M - Series A - Mar 2023
Benefits Management (Accolade)
$6.1B 70 SmithRx (2016, United States)
$60.0M - Series C - Nov 2023
(# Cos: 759 | $6.1B)
Total $ Invested Soonicorn Club
Carrum Health (2013, United States)
$45.0M - Series B - May 2023
ZayZoon (2014, Canada)
13 91 $34.5M - Series B - Sep 2023
IPOs Acquisitions
Healthee (2021, United States)
$32.0M - Series A - Mar 2024
View all 33 Funding Rounds on Tracxn Platform
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Back to index
$296M (▲29.5%)
02 Employee Health Benefits Marketplace $ Invested in last 1 year
Paytient Bennie Amino 13 (▼7.1%)

(2018, United States, $55.5M) (2019, United States, $38.0M) (2013, United States, $101M) # Funding Rounds in last 1 year
Gravie (2013, United States) Employee Health IT (HealthifyMe)

184 82 $179M - Series F - Mar 2023 (# Cos: 4258 | $25.8B)
Companies Funded Companies Amino (2013, United States) Healthcare Benefits Administration (Accolade)
$38.0M - Series D - May 2023 (# Cos: 1171 | $10.4B)
Elevate (2020, United States)
Benefits Marketplace (Paytient)
$1.6B 24 $28.0M - Series B - Apr 2023
(# Cos: 184 | $1.6B)
Total $ Invested Soonicorn Club Clair (2019, United States)
$25.0M - Series B - Jul 2023
PolicyStreet (2016, Malaysia)
$15.4M - Series B - May 2023
1 20 Plansight (2014, United States)
IPOs Acquisitions
$5.0M - Series B - Feb 2024
Zyla Health (2017, India)
$4.0M - Series A - May 2023
Back to index
$243M ( -- )
03 Fitness and Wellness Platforms $ Invested in last 1 year
Curefit EGYM CoachUp 7 ( -- )

(2016, India, $665M) (2010, Germany, $380M) (2011, United States, $10.9M) # Funding Rounds in last 1 year
EGYM (2010, Germany) Fitness & Wellness Tech (Peloton)

254 37 $226M - Series F - Jul 2023 (# Cos: 20419 | $18.7B)
Companies Funded Companies Curefit (2016, India) Diversified (Curefit)

$10.2M - Series F - Feb 2024 (# Cos: 254 | $1.2B)
Ritual (2018, United States)
$1.2B 4 $4.8M - Series A - Jun 2023
Total $ Invested Soonicorn Club Flexifyme (2021, India)
$1.2M - Seed - Dec 2023
$1.0M - Seed - Sep 2023
Advanta (2010, United States)
- 4 $487K - Seed - Dec 2023
IPOs Acquisitions
PainNavigator (2021, United States)
$20.0K - Seed - Mar 2023
Back to index
$203M (▲62.1%)
04 Personal Health Record Apps $ Invested in last 1 year
Eka Care Picnic Phable 12 ( <> 0% )

(2020, India, $19.5M) (2014, United States, $100M) (2018, India, $45.2M) # Funding Rounds in last 1 year
Abridge Inc (2018, United States) Disease Self Management (Dexcom)

1229 180 $150M - Series C - Feb 2024 (# Cos: 13250 | $24.8B)
Companies Funded Companies $30.0M - Series B - Oct 2023

Personal Health Records (Eka Care)
Anima (2020, United Kingdom) (# Cos: 1229 | $846M)
$14.5M - Series A - Oct 2023
$846M 11 StoryMD (2017, United States)

$4.0M - Series A - Mar 2023
Patientory (2015, United States)
$1.5M - Series A - Apr 2023
Zamplo (2021, Canada)
1 10 $1.5M - Seed - Aug 2023
IPOs Acquisitions
Primary Record (2020, United States)
$1.0M - Seed - Oct 2023
Back to index
$193M (▼1.5%)
05 Digital Health Insurance Providers $ Invested in last 1 year
Alan Kenko Anthem 2 (▼66.7%)

(2016, France, $554M) (2019, India, $13.7M) (1992, United States) # Funding Rounds in last 1 year
Devoted Health (2017, United States) Healthcare Payer Tech (Innovaccer)

56 18 $175M - Series E - Dec 2023 (# Cos: 631 | $7.7B)
Companies Funded Companies Sami (2018, Brazil) Internet First Insurers (Alan)
$18.0M - Series B - Jun 2023 (# Cos: 56 | $3.9B)
$3.9B 13
1 2
IPOs Acquisitions
Back to index
$161M (▲183%)
06 Heart Health Monitoring Devices $ Invested in last 1 year
iRhythm Tech AliveCor BioIntelliSense 15 (▼16.7%)

(2006, United States, $109M) (2011, United States, $114M) (2018, United States, $82.0M) # Funding Rounds in last 1 year
InfoBionic (2011, United States) Disease Self Management (Dexcom)

457 193 $57.8M - Series D - Sep 2023 (# Cos: 13250 | $24.8B)
Companies Funded Companies Vital Connect (2011, United States) Cardiac and Vascular Disorders (Aktiia)
$30.0M - Series F - Jul 2023 (# Cos: 877 | $3.1B)
FIRE1 (2014, Ireland) Monitoring (Eko)

$1.9B 25 $25.0M - Series C - Mar 2023 (# Cos: 866 | $3.1B)
Total $ Invested Soonicorn Club MEZOO (2014, South Korea) Heart Health (AliveCor)
$13.8M - Series B - Nov 2023 (# Cos: 603 | $2.9B)
QT Medical (2013, United States) Device (iRhythm Tech)
$12.0M - Series B - Sep 2023 (# Cos: 457 | $1.9B)
9 19 Sensydia (2015, United States)
IPOs Acquisitions
SeeMedX (2020, United States)
$6.5M - Series A - Oct 2023
Back to index
$157M (▲5.8%)
07 Smart Fitness Equipment $ Invested in last 1 year
Peloton IFit HyperIce 10 (▼28.6%)

(2011, $996M) (1977, United States, $555M) (2011, United States, $52.5M) # Funding Rounds in last 1 year
Tonal (2015, United States) Fitness & Wellness Tech (Calm)

228 75 $130M - Series E - Apr 2023 (# Cos: 20419 | $18.7B)
Companies Funded Companies Vitruvian (2018, Australia) Physical Fitness (HealthifyMe)

$21.8M - Series A - Dec 2023 (# Cos: 12300 | $12.8B)
Magic (2020, United Kingdom)
Smart Exercising Equipment (IFit)
$3.3B 19 $2.5M - Seed - Jul 2023
(# Cos: 287 | $3.4B)
Total $ Invested Soonicorn Club ARENA (2020, United States)
$1.4M - Seed - Sep 2023 Smart Equipment and
$750K - Seed - Jun 2023 Accessories (Peloton)
(# Cos: 228 | $3.3B)
Apex Cool Labs (2022, United States)
4 9 $65.0K - Seed - Sep 2023
IPOs Acquisitions
FURDI (2018, Japan)
Undisclosed - Seed - Jan 2024
Back to index
$154M (▲36.3%)
08 Employee Mental Health Solutions $ Invested in last 1 year
Calm Spring Lyra Health 25 (▼30.6%)

(2012, United States, $219M) (2016, United States, $370M) (2015, United States, $915M) # Funding Rounds in last 1 year
Spring (2016, United States) Employee Health IT (Accolade)

439 149 $71.0M - Series C - Apr 2023 (# Cos: 4258 | $25.8B)
Companies Funded Companies teale (2020, France) Tech Enabled Services (HealthifyMe)
$11.0M - Series A - Aug 2023 (# Cos: 2473 | $14.9B)
TARA Mind (2022, United States)
Mental Health (Calm)
$3.0B 21 $8.0M - Seed - Jan 2024
(# Cos: 439 | $3.0B)
Total $ Invested Soonicorn Club $11.0M - Seed - Oct 2023
Likeminded (2020, Germany)
$6.5M - Seed - Aug 2023
Amaha (2015, India)
2 11 $6.0M - Series A - Jan 2024
IPOs Acquisitions
Oliva (2020, Spain)
$5.5M - Seed - Jun 2023
Back to index
$144M ( -- )
09 Corporate Fitness Management $ Invested in last 1 year
HealthifyMe Gympass Curefit 10 ( -- )

(2012, Singapore, $130M) (2012, United States, $795M) (2016, India, $665M) # Funding Rounds in last 1 year
Gympass (2012, United States) Employee Health IT (Accolade)

516 139 $85.0M - Series F - Aug 2023 (# Cos: 4258 | $25.8B)
Companies Funded Companies HealthifyMe (2012, Singapore) Tech Enabled Services (Gympass)
$30.0M - Series C - Jun 2023 (# Cos: 2473 | $14.9B)
Curefit (2016, India)
Physical Fitness (HealthifyMe)
$2.4B 17 $10.2M - Series F - Feb 2024
(# Cos: 516 | $2.4B)
Total $ Invested Soonicorn Club LVL We.. (2017, United Arab Emirates)
$10.0M - Series A - Aug 2023
Vitrue Health (2017, United Kingdom)
$4.0M - Series A - Feb 2024
1 26 Enara Health (2014, United States)
IPOs Acquisitions
$3.0M - Seed - Apr 2023
#walk15 (2016, Lithuania)
$1.1M - Seed - Feb 2024
Back to index
$140M ( -- )
10 Healthcare Business Intelligence $ Invested in last 1 year
VisiQuate AgendaPro Advisory 7 ( -- )

(2009, United States, $70.2M) (2012, Chile, $6.1M) (1979, United States) # Funding Rounds in last 1 year
DexCare (2021, United States) Healthcare IT (Hinge Health)

335 71 $47.2M - Series C - Jun 2023 (# Cos: 39119 | $104B)
Companies Funded Companies $75.0M - Series C - May 2023 Provider (Doximity)

Fuse (2021, United States) (# Cos: 29060 | $58.9B)
Administrative Solutions (Zocdoc)
$712M 14 Quinsite (2017, United States)
(# Cos: 11727 | $19.1B)
Total $ Invested Soonicorn Club Business and Market Intelligence (Komodo

AllTrak (2021, India) Health)
$504K - Seed - Dec 2023 (# Cos: 525 | $1.9B)
Symplsoft.io (2016, United States)
Business Intelligence (VisiQuate)
2 36 $75.0K - Seed - Apr 2023
(# Cos: 335 | $712M)
IPOs Acquisitions
Medisolv (1999, United States)
Undisclosed - PE - May 2023
Back to index
$125M (▼8.6%)
11 Remote Patient Monitoring Platforms $ Invested in last 1 year
Glooko SafelyYou FibriCheck 34 (▲3%)

(2010, United States, $115M) (2014, United States, $59.5M) (2014, Belgium, $12.6M) # Funding Rounds in last 1 year
HealthSnap (2015, United States) Healthcare IT (Hinge Health)

1081 309 $25.0M - Series B - Feb 2024 (# Cos: 39119 | $104B)
Companies Funded Companies $9.1M - Series A - May 2023

Value Based Care (PointClickCare)
Optimize Health (2018, United States) (# Cos: 4056 | $16.3B)
$18.0M - Series B - Oct 2023
Remote Monitoring (Withings)
$2.3B 41 Tilak Healthcare (2016, France)
$10.6M - Series B - Oct 2023
(# Cos: 2873 | $8.5B)
Intelligentl.. (2014, United Kingdom) Platforms (Glooko)
$10.3M - Series A - Feb 2024 (# Cos: 1081 | $2.3B)
CardioSignal (2015, Finland)

10 38 $10.0M - Series A - Jan 2024
IPOs Acquisitions
Ciba Health (2019, United States)
$7.5M - Series A - Nov 2023
Back to index
$125M (▼1.7%)
12 Telehealth for Providers $ Invested in last 1 year
SonderMind Amwell Teladoc Health 14 (▼46.2%)

Truepill (2016, United States) Healthcare IT (Hinge Health)

1316 235 $66.2M - Series D - Aug 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Visibly (2012, United States) Provider (Zocdoc)

$24.6M - Series B - Apr 2023 (# Cos: 29060 | $58.9B)
Summus Global (2015, United States)
Telemedicine Solutions (Amwell)
$3.6B 39 $19.5M - Series C - Sep 2023
(# Cos: 2738 | $5.3B)
Total $ Invested Soonicorn Club aptihealth (2017, United States)
$10.8M - Series B - Apr 2023 Tele-health Platform (SonderMind)
(# Cos: 1316 | $3.6B)
Klarity Health (2021, United States)
$10.0M - Series A - Aug 2023
6 38 Amaha (2015, India)
IPOs Acquisitions
$6.0M - Series A - Jan 2024
Abi Global Health (2016, Ireland)
Back to index
$124M ( -- )
13 Revenue Cycle Management $ Invested in last 1 year
Olive AKASA Xifin 6 ( -- )

(2012, United States, $902M) (2018, United States, $85.0M) (1997, United States, $6.0M) # Funding Rounds in last 1 year
Janus Health (2020, United States) Healthcare IT (Hinge Health)

255 84 $45.1M - Series B - Mar 2023 (# Cos: 39119 | $104B)
Companies Funded Companies RepeatMD (2020, United States) Provider (Doximity)

$40.0M - Series A - Jun 2023 (# Cos: 29060 | $58.9B)
Adonis (2022, United States) Administrative Solutions (Zocdoc)

$1.7B 9 $17.3M - Series A - May 2023 (# Cos: 11727 | $19.1B)
Total $ Invested Soonicorn Club ABI Health (2013, India) Finance Management (AKASA)
$10.0M - Series A - Dec 2023 (# Cos: 1012 | $3.4B)
Rivia Health (2018, United States) RCM (Olive)
$9.9M - Seed - Feb 2024 (# Cos: 255 | $1.7B)
2 55 Plan Forward (2018, United States)
IPOs Acquisitions
$2.0M - Seed - Oct 2023
Back to index
$120M (▼49.1%)
14 Administrative Solutions for Healthcare $ Invested in last 1 year
athenahealth Helium Health Symplr 10 (▼47.4%)

(1997, United States, $49.1M) (2015, Nigeria, $42.2M) (2006, United States) # Funding Rounds in last 1 year
Winning Health (2004, China) Healthcare IT (Hinge Health)

1130 154 $43.3M - Series C - Apr 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Helium Health (2015, Nigeria) Provider (Doximity)

$30.0M - Series B - Jun 2023 (# Cos: 29060 | $58.9B)
Frontier Field (2016, Japan)
Administrative Solutions (Zocdoc)
$1.6B 20 $27.0M - Series C - Jul 2023
(# Cos: 11727 | $19.1B)
Total $ Invested Soonicorn Club Heidi Health (2018, Australia)
$10.0M - Series A - Oct 2023 Suite (athenahealth)
(# Cos: 1130 | $1.6B)
Fold Health (2021, United States)
$6.0M - Series A - Jul 2023
11 54 Zi.Care (2018, Indonesia)
IPOs Acquisitions
$1.3M - Series A - Sep 2023
Back to index
$113M ( -- )
15 Home Based $ Invested in last 1 year
Withings Cloud iHealth Labs 3 ( -- )

(2008, France, $93.8M) (2014, United States, $3.1M) (2010, United States, $25.0M) # Funding Rounds in last 1 year
InfoBionic (2011, United States) Cardiac and Vascular Disorders (Moderna)

260 105 $57.8M - Series D - Sep 2023 (# Cos: 2798 | $36.1B)
Companies Funded Companies Vital Connect (2011, United States) Medical Devices (AliveCor)
$30.0M - Series F - Jul 2023 (# Cos: 1007 | $4.2B)
FIRE1 (2014, Ireland) Monitoring Devices (iRhythm Tech)

$915M 13 $25.0M - Series C - Mar 2023 (# Cos: 713 | $2.5B)
Total $ Invested Soonicorn Club Vital Signs (Aktiia)

(# Cos: 469 | $1.5B)
Home Based (Withings)

(# Cos: 260 | $915M)
3 14
IPOs Acquisitions
Back to index
$112M (▼11%)
16 Teleconsultation for Employees $ Invested in last 1 year
Dialogue Tyto Care MD Live 9 (▼35.7%)

(2016, Canada, $88.2M) (2011, Israel, $205M) (2009, United States, $174M) # Funding Rounds in last 1 year
Tyto Care (2011, Israel) Employee Health IT (Accolade)

273 91 $49.0M - Series D - Aug 2023 (# Cos: 4258 | $25.8B)
Companies Funded Companies 98point6 (2015, United States) Tech Enabled Services (HealthifyMe)
$32.0M - Series E - Apr 2023 (# Cos: 2473 | $14.9B)
Uwill (2013, United States)
Teleconsultation (Dialogue)
$2.3B 22 $30.0M - Series A - May 2023
(# Cos: 273 | $2.3B)
Total $ Invested Soonicorn Club Tava Health (2019, United States)
$20.0M - Series B - Dec 2023
Ciba Health (2019, United States)
2 20 UCM Digital H.. (2020, United States)
IPOs Acquisitions
meddi (2017, Mexico)
$1.7M - Seed - Dec 2023
Back to index
$107M ( -- )
17 Digital Medication Adherence $ Invested in last 1 year
Wellth MedMinder Systems Cureatr 12 ( -- )

(2014, United States, $37.1M) (2008, United States, $51.2M) (2011, United States, $40.8M) # Funding Rounds in last 1 year
Spencer Healt.. (2015, United States) Healthcare IT (Zocdoc)

Companies Funded Companies Wellth (2014, United States) Value Based Care (Verily)
$20.0M - Series B - Mar 2023 (# Cos: 8256 | $36.3B)
Scene (2008, United States)
Patient Engagement (Hinge Health)
$1.3B 16 $17.7M - Series B - Apr 2023
(# Cos: 2816 | $10.1B)
Total $ Invested Soonicorn Club PatchRx (2018, United States)
$8.0M - Series A - Aug 2023 Medication Adherence (Wellth)
(# Cos: 254 | $1.3B)
Omcare (2011, United States)
1 16 Cureatr (2011, United States)
IPOs Acquisitions
$4.3M - Series B - Mar 2023
knowRX (2019, United States)
Back to index
$98.7M ( -- )
18 Wearable Breast Pump Brand $ Invested in last 1 year
Elvie Medela Emulait 6 ( -- )

(2013, United Kingdom, $149M) (1961, Switzerland) (2019, United States, $11.0M) # Funding Rounds in last 1 year
Willow (2012, United States) Consumer Electronics E-Commerce (iRobot)

36 15 $81.4M - Series D - Jan 2024 (# Cos: 7459 | $15.4B)
Companies Funded Companies Emulait (2019, United States) Baby Care Wearables (Owlet)
$11.0M - Series A - Mar 2023 (# Cos: 49 | $458M)
Luminoah (2020, United States)
Breast Pumps (Elvie)
$399M 3 $6.0M - Series A - Jun 2023
(# Cos: 36 | $399M)
Total $ Invested Soonicorn Club Limerick (1992, United States)
$250K - Unattributed - Apr 2023
Veba Baby (2021, United States)
$20.0K - Seed - Jun 2023
- 1 Panda Bubu (2021, China)
IPOs Acquisitions
Undisclosed - Seed - Feb 2024
Back to index
$94.7M ( -- )
19 Radiology Image Analysis $ Invested in last 1 year
HeartFlow Circle Cardiovascular .. Inscopix 24 ( -- )

(2010, United States, $838M) (2008, Canada, $19.9M) (2011, United States, $11.5M) # Funding Rounds in last 1 year
HeartFlow (2010, United States) Healthcare IT (Hinge Health)

348 217 $216M - Series F - Apr 2023 (# Cos: 39119 | $104B)
Companies Funded Companies RapidAI (2012, United States) Provider (SonderMind)

(# Cos: 1844 | $10.1B)
$75.0M - Series C - Jul 2023
Evident Vascu.. (2021, United States) Clinical Operations (Karkinos Healthcare)
(# Cos: 1403 | $8.6B)
$3.1B 36 $35.0M - Series A - Oct 2023
Decision Support (Eko)
Total $ Invested Soonicorn Club Caristo (2017, United Kingdom)
(# Cos: 1403 | $8.6B)
$16.3M - Series A - Apr 2023
Diagnosis (Kernel)
AZmed (2018, France)
(# Cos: 1099 | $5.5B)
$16.2M - Series A - Feb 2024
7 15 Medipixel (2017, South Korea)
Differential Diagnosis (Tricog)
IPOs Acquisitions (# Cos: 1068 | $5.3B)
$12.6M - Series B - Oct 2023
Image Based (Circle
Trice Medical (2012, United States)
Cardiovascular Imaging)
$10.5M - Series D - Aug 2023 (# Cos: 348 | $3.1B)
View all 24 Funding Rounds on Tracxn Platform Radiology (HeartFlow)
(# Cos: 348 | $3.1B)
Back to index
$94.7M (▼38%)
20 Radiology Image Analysis $ Invested in last 1 year
Qure.ai HeartFlow AIdoc 36 (▼20%)

(2016, India, $56.0M) (2010, United States, $838M) (2016, United States, $275M) # Funding Rounds in last 1 year
HeartFlow (2010, United States) Healthcare IT (Hinge Health)

776 361 $216M - Series F - Apr 2023 (# Cos: 39119 | $104B)
Companies Funded Companies RapidAI (2012, United States) Provider (Zocdoc)

(# Cos: 29060 | $58.9B)
$75.0M - Series C - Jul 2023
Evident Vascu.. (2021, United States) Clinical Operations (Tricog)
(# Cos: 5879 | $25.0B)
$4.7B 59 $35.0M - Series A - Oct 2023
Decision Support (MMIT Network)
Total $ Invested Soonicorn Club AIdoc (2016, United States)
(# Cos: 5447 | $24.3B)
$30.0M - Series D - Nov 2023
Diagnosis (Kernel)
Caristo (2017, United Kingdom)
(# Cos: 3417 | $13.7B)
$16.3M - Series A - Apr 2023
15 36 AZmed (2018, France)
Differential Diagnosis (Butterfly
IPOs Acquisitions Network)
Deepc (2017, Germany) Image Based (PathAI)
$12.9M - Series A - Mar 2023 (# Cos: 1452 | $7.2B)
View all 36 Funding Rounds on Tracxn Platform Radiology (Qure.ai)

(# Cos: 776 | $4.7B)
Back to index
$87.6M ( -- )
21 Breast Feeding Devices $ Invested in last 1 year
Elvie Willow Lansinoh Laboratories 9 ( -- )

(2013, United Kingdom, $149M) (2012, United States, $228M) (1984, United States) # Funding Rounds in last 1 year
Willow (2012, United States) Disease Self Management (Dexcom)

38 20 $81.4M - Series D - Jan 2024 (# Cos: 13250 | $24.8B)
Companies Funded Companies Coro (2016, Ireland) Pediatrics (Nanit)

$3.0M - Seed - Feb 2024 (# Cos: 696 | $815M)
Nfant (2012, United States) Monitoring (Owlet)

$391M 3 $403K - Series A - Dec 2023 (# Cos: 681 | $802M)
Total $ Invested Soonicorn Club $300K - Series A - May 2023

Feeding (Willow)
Snuugo (2021, Singapore)
$738K - Seed - Nov 2023 Device (Elvie)
(# Cos: 38 | $391M)
- 1 Limerick (1992, United States)
IPOs Acquisitions $250K - Unattributed - Apr 2023
Back to index
$83.9M ( -- )
22 Medical Documentation Management $ Invested in last 1 year
Iodine Software Lifen IMO 5 ( -- )

(2010, United States) (2015, France, $89.9M) (1994, $2.5M) # Funding Rounds in last 1 year
Ambience (2020, United States) Healthcare IT (Hinge Health)

387 66 $70.0M - Series B - Dec 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Wisedocs (2020, Canada) Provider (Doximity)

$9.5M - Series A - Jan 2024 (# Cos: 29060 | $58.9B)
Layer Health (2011, United States) Administrative Solutions (Zocdoc)

$306M 4 $4.0M - Seed - Nov 2023 (# Cos: 11727 | $19.1B)
Total $ Invested Soonicorn Club Rx4 (2020, United States) Data Management (Imprivata)
$260K - Seed - Apr 2023 (# Cos: 1610 | $3.0B)
Andy (2023, United States) Administrative Documentation (Iodine
$125K - Seed - Jan 2024 Software)
1 15 (# Cos: 387 | $306M)
IPOs Acquisitions
Back to index
$80.0M ( -- )
23 Dental Treatment Planning $ Invested in last 1 year
Ulab Systems LightForce Grin 1 ( -- )

(2015, United States, $169M) (2015, United States, $144M) (2019, Israel, $14.0M) # Funding Rounds in last 1 year
LightForce (2015, United States) Healthcare IT (Hinge Health)

Companies Funded Companies Provider (Zocdoc)

(# Cos: 29060 | $58.9B)
Clinical Operations (Kernel)

$337M 3 (# Cos: 5879 | $25.0B)
Total $ Invested Soonicorn Club Decision Support (PathAI)

(# Cos: 5447 | $24.3B)
Therapy Plan (MMIT Network)

(# Cos: 1078 | $4.7B)
- -
IPOs Acquisitions Care Planning (Fitterfly)
(# Cos: 551 | $2.6B)
Dental (Ulab Systems)

(# Cos: 54 | $337M)
Back to index
$75.0M (▼31%)
24 Personal Emergency Response App $ Invested in last 1 year
RapidSOS SayVU Patronus Group 1 (▼75%)

(2012, United States, $408M) (2014, Israel, $2.0M) (2021, Germany, $33.8M) # Funding Rounds in last 1 year
RapidSOS (2012, United States) Disease Self Management (Dexcom)

109 20 $75.0M - Series D - Mar 2024 (# Cos: 13250 | $24.8B)
Companies Funded Companies

Geriatrics (Birdie)
(# Cos: 856 | $1.5B)
PERS (SafelyYou)
$456M 2 (# Cos: 566 | $653M)
App (RapidSOS)
(# Cos: 109 | $456M)
- 1
IPOs Acquisitions
Back to index
$70.8M (▼35.4%)
25 Digital Symptom Checkers $ Invested in last 1 year
Ada K Health Buoy Health 5 (▼37.5%)

(2011, Germany, $167M) (2016, United States, $350M) (2014, United States, $86.7M) # Funding Rounds in last 1 year
K Health (2016, United States) Disease Self Management (Dexcom)

348 53 $8.0M - Series E - Dec 2023 (# Cos: 13250 | $24.8B)
Companies Funded Companies $59.0M - Series E - Jul 2023

Symptom Checkers (Ada)
Leda Health (2019, United States) (# Cos: 348 | $835M)
$835M 8 One Health Gr.. (2017, United States)

$2.4M - Seed - Jul 2023
Clearstep (2019, United States)
$1.3M - Seed - Apr 2023
- 4
IPOs Acquisitions
Back to index
$70.6M (▼1.4%)
26 Remote Patient Monitoring Wearables $ Invested in last 1 year
Withings Masimo Aktiia 21 (▼27.6%)

(2008, France, $93.8M) (1989, United States) (2018, Switzerland, $57.7M) # Funding Rounds in last 1 year
InfoBionic (2011, United States) Healthcare IT (Hinge Health)

600 254 $57.8M - Series D - Sep 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Aktiia (2018, Switzerland) Value Based Care (PointClickCare)
$30.0M - Series B - Feb 2024 (# Cos: 4056 | $16.3B)
Kinvent (2017, France) Remote Monitoring (Tyto Care)

$1.7B 43 $19.6M - Series B - Jan 2024 (# Cos: 2873 | $8.5B)
Total $ Invested Soonicorn Club Axithra (2023, Belgium) Hardware (iRhythm Tech)
$10.7M - Seed - Sep 2023 (# Cos: 1649 | $5.6B)
Nutromics (2017, Australia) Wearables (Withings)
$8.2M - Seed - Jun 2023 (# Cos: 600 | $1.7B)
6 23 Biosency (2018, France)
IPOs Acquisitions
Luminoah (2020, United States)
$6.0M - Series A - Jun 2023
Back to index
$70.0M (▼27.6%)
27 Chronic Care Management $ Invested in last 1 year
Memora Health Wellframe Somatus 6 (▼45.5%)

(2015, United States, $80.6M) (2011, United States, $45.1M) (2015, United States, $465M) # Funding Rounds in last 1 year
Strive Health (2008, United States) Healthcare IT (Hinge Health)

375 151 $166M - Series C - May 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Vivante Health (2016, United States) Value Based Care (Withings)
$31.0M - Series B - Sep 2023 (# Cos: 4056 | $16.3B)
Memora Health (2015, United States) Care Coordination (Birdie)

$3.2B 17 $30.0M - Series B - Apr 2023 (# Cos: 769 | $4.9B)
Total $ Invested Soonicorn Club Mesh Bio (2018, Singapore) Care Planning & Management
$4.7M - Series A - Oct 2023 (PointClickCare)
(# Cos: 764 | $4.9B)
SonarMD (2009, United States)
Chronic care (Memora Health)
4 20 Preveta (2017, United States)
(# Cos: 375 | $3.2B)
IPOs Acquisitions
Undisclosed - Series A - Oct 2023
Back to index
$69.6M ( -- )
28 Healthcare Payment Solutions $ Invested in last 1 year
Zelis Healthcare Payspan Free Market Health 4 ( -- )

(2016, United States) (1985, United States, $47.3M) (2019, United States, $33.5M) # Funding Rounds in last 1 year
Rialtic (2020, United States) Healthcare Payer Tech (Innovaccer)

48 27 $36.7M - Series B - Aug 2023 (# Cos: 631 | $7.7B)
Companies Funded Companies Free Market H.. (2019, United States) Claims Management (Optum)
$20.0M - Series B - Nov 2023 (# Cos: 258 | $1.6B)
MiyaHealth (2018, Singapore)
Payment Solutions (Zelis Healthcare)
$376M 3 $10.4M - Seed - Aug 2023
(# Cos: 48 | $376M)
Total $ Invested Soonicorn Club Calm Waters AI (2021, United States)
$2.5M - Seed - Sep 2023
- 9
IPOs Acquisitions
Back to index
$69.5M ( -- )
29 Clinical Workflow Management $ Invested in last 1 year
Regard Radformation Blackford Analysis 8 ( -- )

(2017, United States, $15.3M) (2014, United States, $11.5M) (2009, United Kingdom, $2.2M) # Funding Rounds in last 1 year
Fabric (2021, United States) Healthcare IT (Hinge Health)

416 87 $60.0M - Series A - Feb 2024 (# Cos: 39119 | $104B)
Companies Funded Companies Radformation (2014, United States) Provider (Zocdoc)

$6.9M - Series A - May 2023 (# Cos: 29060 | $58.9B)
Elemeno Health (2016, United States)
Clinical Operations (MMIT Network)
$709M 7 $3.4M - Series A - Nov 2023
(# Cos: 5879 | $25.0B)
Total $ Invested Soonicorn Club $6.0M - Series A - Mar 2023
TORTUS (2022, United Kingdom) Clinical Workflow (Regard)
$4.2M - Seed - Feb 2024 (# Cos: 416 | $709M)
Synthpop (2023, United States)

3 19 $2.6M - Seed - Aug 2023
IPOs Acquisitions
RadMate (2023, United States)
$500K - Seed - Jan 2024
Back to index
$68.1M (▼65.9%)
30 Healthcare Data Management Platforms $ Invested in last 1 year
ClearDATA Kyruus avoMD 14 (▼41.7%)

Carta Healthc.. (2017, United States) Healthcare IT (Hinge Health)

1031 229 $25.0M - Series B - Jun 2023 (# Cos: 39119 | $104B)
Companies Funded Companies uMed (2018, United Kingdom) Provider (Modernizing Medicine)
$12.5M - Series A - Jul 2023 (# Cos: 8860 | $9.7B)
avoMD (2018, United States) Administrative Solutions (avoMD)

$2.3B 24 $8.1M - Seed - Jun 2023 (# Cos: 1114 | $2.5B)
Total $ Invested Soonicorn Club Clinia (2005, Canada) Data Management (Kyruus)
Etiometry (2010, United States) Clinical Data Management (ClearDATA)
$5.7M - Series A - Apr 2023 (# Cos: 1031 | $2.3B)
7 95 Rhino Health (2016, United States)
IPOs Acquisitions
$4.3M - Seed - Oct 2023
Pluto Bioscie.. (2020, United States)
$3.7M - Seed - May 2023
Back to index
$67.9M ( -- )
31 Remote Patient Monitoring Devices $ Invested in last 1 year
Tyto Care DentalMonitoring Athelas 7 ( -- )

(2011, Israel, $205M) (2014, United States, $201M) (2016, United States, $136M) # Funding Rounds in last 1 year
Tyto Care (2011, Israel) Healthcare IT (Hinge Health)

Companies Funded Companies TidalSense (2013, United Kingdom) Value Based Care (PointClickCare)
$9.3M - Seed - May 2023 (# Cos: 4056 | $16.3B)
Teton.ai (2020, Denmark) Remote Monitoring (iRhythm Tech)

$1.6B 17 $5.3M - Series A - Apr 2023 (# Cos: 2873 | $8.5B)
Total $ Invested Soonicorn Club FindAir (2016, Poland) Hardware (Withings)

$1.7M - Seed - Jun 2023 (# Cos: 1649 | $5.6B)
WalkWise (2016, United States) Other Devices (Tyto Care)
$1.2M - Seed - Jul 2023 (# Cos: 508 | $1.6B)
10 22 $900K - Seed - Mar 2023
IPOs Acquisitions
ComeBack Mobi.. (2020, United States)
$500K - Seed - Oct 2023
Back to index
$66.7M ( -- )
32 Employee Health Benefits $ Invested in last 1 year
Sami eHealth Ottonova 3 ( -- )

(2018, Brazil, $54.8M) (1997, United States, $44.0M) (2015, Germany, $180M) # Funding Rounds in last 1 year
Ansel (2019, United States) HRTech (LinkedIn)

8 7 $20.0M - Series B - Jan 2024 (# Cos: 40830 | $84.8B)
Companies Funded Companies $28.7M - Series B - Nov 2023

Employee Benefits (eHealth)
Sami (2018, Brazil) (# Cos: 8 | $374M)
$18.0M - Series B - Jun 2023
Health Benefits (Sami)
$374M 4 (# Cos: 8 | $374M)
1 1
IPOs Acquisitions
Back to index
$63.3M (▲17.8%)
33 Digital Therapeutics for Mental Health $ Invested in last 1 year
BigHealth Limbix Mindoula 9 (▼35.7%)

(2010, United Kingdom, $129M) (2016, United States, $31.0M) (2013, United States, $31.0M) # Funding Rounds in last 1 year
Lirio (2017, United States) Healthcare IT (Hinge Health)

204 98 $27.0M - Series B - Sep 2023 (# Cos: 39119 | $104B)
Companies Funded Companies PursueCare (2018, United States) Value Based Care (Withings)
$20.0M - Series B - Dec 2023 (# Cos: 4056 | $16.3B)
Limbic (2017, United Kingdom) Patient Engagement (Pear Therapeutics)

$1.4B 20 $14.0M - Series A - Mar 2024 (# Cos: 411 | $2.6B)
Total $ Invested Soonicorn Club Feel Therapeu.. (2010, United States) Digital Therapeutics (Omada)
$4.3M - Seed - Jul 2023 (# Cos: 384 | $2.6B)
Options MD (2020, United States) Mental Health (BigHealth)
$2.3M - Seed - Nov 2023 (# Cos: 204 | $1.4B)
1 9 Neurowyzr (2016, Singapore)
IPOs Acquisitions
$2.1M - Series A - Aug 2023
Mitsu (2022, India)
Undisclosed - Seed - Sep 2023
Back to index
$62.2M ( -- )
34 Non-Invasive CGM Devices $ Invested in last 1 year
Dexcom Levels Signos 7 ( -- )

Biolinq (2012, United States) Diabetes (Tandem Diabetes)

150 66 $35.1M - Series B - Dec 2023 (# Cos: 948 | $12.0B)
Companies Funded Companies Signos (2020, United States) Medical Devices (Insulet)
$20.0M - Series B - Oct 2023 (# Cos: 453 | $3.1B)
HAGAR (2017, Israel) Monitoring Devices (Levels)

$965M 9 $5.0M - Series C - Aug 2023 (# Cos: 422 | $2.4B)
Total $ Invested Soonicorn Club Geminii (2016, Australia) CGM (Bigfoot Biomedical)
$2.1M - Seed - Sep 2023 (# Cos: 198 | $1.6B)
Orpyx (2010, Canada) Non-Invasive (Dexcom)
$11.0K - Series A - Oct 2023 (# Cos: 150 | $965M)
4 5 Sensible (2020, Netherlands)
IPOs Acquisitions
Undisclosed - Seed - May 2023
OneTwenty (2021)
Back to index
$61.2M (▼81.2%)
35 Practice Management and EHR $ Invested in last 1 year
Modernizing Medicine Eka Care McKesson 15 (▼50%)

(2010, United States, $329M) (2020, India, $19.5M) (1833, United States) # Funding Rounds in last 1 year
Vital (2019, United States) Healthcare IT (Hinge Health)

Companies Funded Companies Doctorly (2017, Germany) Provider (Eka Care)

$7.2M - Series A - Nov 2023 (# Cos: 8860 | $9.7B)
EngagedMD (2013, United States) Hospital Information Systems (Elation Health)

$3.5B 33 $5.5M - Series A - Oct 2023 (# Cos: 7649 | $7.2B)
Total $ Invested Soonicorn Club Credo (2016, United States) PM & EHR Platforms (AlayaCare)
$5.3M - Seed - Jan 2024 (# Cos: 5396 | $5.2B)
Critical Mass.. (2019, United States) Generic (Modernizing Medicine)
18 185 Awell Health (2016, Belgium)
IPOs Acquisitions
$5.0M - Seed - Sep 2023
Follow (2015, France)
$4.0M - Series A - Oct 2023
Back to index
$58.1M ( -- )
36 Pregnancy Monitoring Apps $ Invested in last 1 year
Wildflower Health Babyscripts pomelocare.com 4 ( -- )

pomelocare.com (2020, United States) Disease Self Management (Dexcom)

303 63 $8.0M - Seed - Jun 2023 (# Cos: 13250 | $24.8B)
Companies Funded Companies $25.0M - Series A - Jun 2023 Women Health (Ovia Health)
Join Midi (2021, United States) (# Cos: 908 | $1.5B)
$25.0M - Series A - Sep 2023
Monitoring (Flo)
$225M 6 Ouvatech (2023)
$100K - Seed - Oct 2023
(# Cos: 846 | $1.4B)
Total $ Invested Soonicorn Club Reproductive Health (Natural Cycles)

(# Cos: 799 | $1.3B)
Pregnancy (Babyscripts)
(# Cos: 379 | $410M)
- 3
IPOs Acquisitions App (Wildflower Health)
(# Cos: 303 | $225M)
Back to index
$56.0M (▼11.6%)
37 Fitness Wrist Wearables $ Invested in last 1 year
Fitbit Withings Whoop 6 (▼25%)

(2007, United States, $65.1M) (2008, France, $93.8M) (2012, United States, $406M) # Funding Rounds in last 1 year
Matrix Indust.. (2011, United States) Fitness & Wellness Tech (HealthifyMe)
717 125 $21.0M - Series B - May 2023 (# Cos: 20421 | $18.7B)
Companies Funded Companies Arccos Golf (2012, United States) Physical Fitness (Peloton)
$20.0M - Series C - Aug 2023 (# Cos: 12300 | $12.8B)
Sportable (2015, United Kingdom) Tracking and Monitoring (Ultrahuman)

$1.8B 23 $15.0M - Series A - Aug 2023 (# Cos: 2699 | $3.0B)
Total $ Invested Soonicorn Club Omni Biotech (2018, Australia) Activity Trackers (Whoop)
$300K - Seed - Dec 2023 (# Cos: 2268 | $2.7B)
Shot Scope (2014, United Kingdom) Wearable Devices (Withings)
Undisclosed - Series A - Jul 2023 (# Cos: 895 | $2.0B)
4 18 Playermaker (2002, United Kingdom)
IPOs Acquisitions Wristwear (Fitbit)
Undisclosed - Series C - Oct 2023 (# Cos: 717 | $1.8B)
Back to index
$54.9M ( -- )
38 Healthcare Industry Payments Platform $ Invested in last 1 year
Cedar VisitPay InstaMed 6 ( -- )

(2016, United States, $351M) (2010, United States, $38.9M) (2004, United States, $123M) # Funding Rounds in last 1 year
Rialtic (2020, United States) Payments (CRED)

134 49 $36.7M - Series B - Aug 2023 (# Cos: 18816 | $139B)
Companies Funded Companies CoverSelf (2020, India) Business Payments (InstaMed)

$8.2M - Seed - Nov 2023 (# Cos: 134 | $843M)
HealNow (2015, United States)
Industry Specific (VisitPay)
$843M 12 $5.5M - Seed - Sep 2023
(# Cos: 134 | $843M)
Total $ Invested Soonicorn Club CoFi (2019, United States)
$3.5M - Series A - May 2023 Healthcare (Cedar)
(# Cos: 134 | $843M)
BridgepointMD (2023, United States)
$1.0M - Seed - Feb 2024
1 22 ClarisHealth (2013, United States)
IPOs Acquisitions
Back to index
$54.0M ( -- )
39 Enterprise Data Management $ Invested in last 1 year
Flywheel Nucleus POLAR 1 ( -- )

(2015, United States, $110M) # Funding Rounds in last 1 year
Flywheel (2015, United States) Enterprise Information Management (Algolia)

2 1 $54.0M - Series D - Jun 2023 (# Cos: 5476 | $17.3B)

Enterprise Data Management (Flywheel)
(# Cos: 2 | $110M)
$110M 1
- -
IPOs Acquisitions
Back to index
$53.3M (▼2.1%)
40 Sleep Management Devices $ Invested in last 1 year
Oura Muse Dreem 8 (▼20%)

(2013, Finland, $148M) (2007, Canada, $41.0M) (2014, France, $60.0M) # Funding Rounds in last 1 year
Onera (2018, United States) Fitness & Wellness Tech (Peloton)

344 151 $32.9M - Series C - Jan 2024 (# Cos: 20421 | $18.7B)
Companies Funded Companies Elemind (2018, United States) Mind & Body Wellness (Calm)
$12.0M - Seed - Feb 2024 (# Cos: 2835 | $2.6B)
Sunrise (2013, Belgium)
Sleep Management (BigHealth)
$873M 25 $5.9M - Series B - Nov 2023
(# Cos: 669 | $1.2B)
Total $ Invested Soonicorn Club Circadacare (2021, United Kingdom)
$1.6M - Seed - Jan 2024 Devices (Oura)
(# Cos: 344 | $873M)
Mari (2017, Japan)
$666K - Series B - Feb 2024
4 11 Smart Nora (2015, Canada)
IPOs Acquisitions
$250K - Seed - Nov 2023
Oura (2013, Finland)
Undisclosed - Series C - Aug 2023
Back to index
$51.9M (▼65.4%)
41 Patient Engagement $ Invested in last 1 year
ConnectiveRx Twill GetWellNetwork 8 (▼52.9%)

b.well (2015, United States) Healthcare IT (Zocdoc)

505 137 $40.0M - Series C - Feb 2024 (# Cos: 39119 | $104B)
Companies Funded Companies Endear Health (2021, United States) Value Based Care (Verily)
$8.0M - Series A - Jun 2023 (# Cos: 8256 | $36.3B)
83bar (2017, United States)
Patient Engagement (Hinge Health)
$1.5B 20 $2.5M - Series A - Oct 2023
(# Cos: 2816 | $10.1B)
Total $ Invested Soonicorn Club mPATH (2021, United States)
$706K - Seed - Mar 2024 Suite Solutions (ConnectiveRx)
(# Cos: 505 | $1.5B)
BIOaps (2014, Brazil)
$395K - Seed - Apr 2023
4 29 Vizabli (2020, United States)
IPOs Acquisitions
$200K - Seed - Oct 2023
Docspe (2020, Malaysia)
$100K - Seed - Apr 2023
Back to index
$50.5M ( -- )
42 Healthcare Provider Management $ Invested in last 1 year
TriZetto Transparent Health Mar.. OncoHealth 3 ( -- )

Cohere Health (2019, United States) Healthcare Payer Tech (Innovaccer)

59 26 $50.0M - Series B - Feb 2024 (# Cos: 631 | $7.7B)
Companies Funded Companies Transparent H.. (2015, United States) Provider Management (TriZetto)
$600K - Series C - May 2023 (# Cos: 59 | $396M)
Mesh Health (2022, United States)
$396M 5 $500K - Seed - Oct 2023
1 11
IPOs Acquisitions
Back to index
$50.2M ( -- )
43 Electronic Health Record Facilitator $ Invested in last 1 year
Augmedix Suki Robin Healthcare 6 ( -- )

Parker Health (2020, United States) Healthcare IT (Hinge Health)

301 63 $25.0M - Series A - Jul 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Vital (2017, United States) Provider (AlayaCare)

$24.7M - Series B - Mar 2023 (# Cos: 8860 | $9.7B)
Nestor (2023, United States)
Hospital Information Systems
$555M 7 $330K - Seed - Jun 2023
(Modernizing Medicine)
Total $ Invested Soonicorn Club Notable Systems (2015, United States) (# Cos: 7649 | $7.2B)
$190K - Series A - Jun 2023 EHR facilitator (Augmedix)
(# Cos: 301 | $555M)
VivAIna (India)
Undisclosed - Seed - Apr 2023
2 18 T-Pro (2012, Ireland)
IPOs Acquisitions
Back to index
$49.7M ( -- )
44 Expert-Led $ Invested in last 1 year
HealthifyMe 8fit Freeletics 4 ( -- )

(2012, Singapore, $130M) (2014, United States, $9.7M) (2013, Germany, $70.0M) # Funding Rounds in last 1 year
HealthifyMe (2012, Singapore) Fitness & Wellness Tech (Calm)

361 33 $30.0M - Series C - Jun 2023 (# Cos: 20421 | $18.7B)
Companies Funded Companies embla (2022, Denmark) Physical Fitness (Peloton)

$10.9M - Series A - Aug 2023 (# Cos: 12300 | $12.8B)
Longevo (2020, United States) Fitness and Diet Training Apps (Noom)
$466M 6 $5.5M - Series A - Jul 2023 (# Cos: 7457 | $4.8B)
Total $ Invested Soonicorn Club FITTR (2016, India) Fitness & Nutrition (Fitterfly)
$3.4M - Series A - Dec 2023 (# Cos: 1567 | $791M)
Personalized Coaching (8fit)

(# Cos: 419 | $492M)
- 4
IPOs Acquisitions Expert-Led (HealthifyMe)
(# Cos: 361 | $466M)
Back to index
$48.3M ( -- )
45 Medication Adherence Devices $ Invested in last 1 year
Hero MedMinder Systems Pillo health 5 ( -- )

Spencer Healt.. (2015, United States) Disease Self Management (Dexcom)

177 69 $43.0M - Series D - Aug 2023 (# Cos: 13250 | $24.8B)
Companies Funded Companies Omcare (2011, United States) Medication Adherence (MedMinder Systems)
InHandPlus (2019, South Korea)
Device (Hero)
$266M 8 $2.3M - Series A - Jul 2023
(# Cos: 177 | $266M)
Total $ Invested Soonicorn Club Medsense (2018, United States)
$500K - Seed - Jan 2024
Algocare (2019, South Korea)
- 9
IPOs Acquisitions
Back to index
$48.0M ( -- )
46 Automated Patient Communication $ Invested in last 1 year
Hyro mPulse Mobile Syllable 5 ( -- )

Hyro (2014, United States) Healthcare IT (Zocdoc)

200 74 $20.0M - Series B - May 2023 (# Cos: 39119 | $104B)
Companies Funded Companies Vital Interac.. (2009, United States) Value Based Care (Verily)
GYANT (2016, United States) Patient Engagement (Hinge Health)

$419M 13 $8.6M - Series A - Jun 2023 (# Cos: 2816 | $10.1B)
Total $ Invested Soonicorn Club Chiefy (2020, United States) Communications (98point6)
$4.2M - Seed - Mar 2023 (# Cos: 687 | $1.1B)
Encap Health (2023, United States) Automated (Hyro)
$150K - Seed - Jun 2023 (# Cos: 200 | $419M)
1 22
IPOs Acquisitions
Back to index
$47.0M ( -- )
47 D2C Genetic Tests $ Invested in last 1 year
Recuro Health HealthOme 1 ( -- )

(2021, United States, $89.3M) (2021, United States) # Funding Rounds in last 1 year
Recuro Health (2021, United States) Genomics (Ginkgo Bioworks)

2 1 $47.0M - Series B - Apr 2023 (# Cos: 8248 | $95.2B)

Applied Genomics (Aditx Therapeutics)
(# Cos: 7 | $112M)
Consumer Genomics (InformedDNA)

$89.3M 1 (# Cos: 3 | $109M)
Proactive Healthcare (Recuro
Health)
(# Cos: 2 | $89.3M)
- -
IPOs Acquisitions
Back to index
$46.5M (▼56.8%)
48 Medical Coding & Billing Software $ Invested in last 1 year
Fathom Inbox Health Nym 7 (▼22.2%)

(2017, United States, $61.0M) (2014, United States, $48.4M) (2017, Israel, $47.5M) # Funding Rounds in last 1 year
CODAMETRIX (2018, United States) Healthcare IT (Hinge Health)

Companies Funded Companies Inbox Health (2014, United States) Provider (Doximity)
$22.5M - Series B - May 2023 (# Cos: 29060 | $58.9B)
Nelly (2021, Germany) Administrative Solutions (Zocdoc)

$389M 7 $16.2M - Series A - Jun 2023 (# Cos: 11727 | $19.1B)
Total $ Invested Soonicorn Club Synaptec Health (2018, United States) Finance Management (Olive)
$4.2M - Series A - Oct 2023 (# Cos: 1012 | $3.4B)
Rapid Claims (2023, United States) Coding and Billing (Fathom)
$3.1M - Seed - Feb 2024 (# Cos: 295 | $389M)
- 22 Undisclosed - Seed - Oct 2023
IPOs Acquisitions
Sohar Health (2023, United States)
$500K - Seed - Oct 2023
Back to index
$41.7M ( -- )
49 Healthcare Member Engagement $ Invested in last 1 year
HealthMine Zipari Lirio 4 ( -- )

Lirio (2017, United States) Healthcare Payer Tech (Innovaccer)

56 30 $27.0M - Series B - Sep 2023 (# Cos: 631 | $7.7B)
Companies Funded Companies Endear Health (2021, United States) Member Management (Signify Health)
$8.0M - Series A - Jun 2023 (# Cos: 107 | $680M)
SonarMD (2009, United States)
Member Engagement (HealthMine)
$254M 6 $4.3M - Series A - May 2023
(# Cos: 56 | $254M)
Total $ Invested Soonicorn Club Switchbridge (2012, United States)
$2.3M - Seed - Jun 2023
1 12
IPOs Acquisitions
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Top Business Models in HealthTech - 12 Mar 2024

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Top Business Models in HealthTech - 12 Mar 2024

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TRACXN TOP BUSINESS MODELS REPORT

March 12, 2024

India (4%) PharmEasy $420M - Series G

Israel (2%) EGYM $226M - Series F

HeartFlow $216M - Series F

Y Combinator 29 Healthcare IT $6.6B Nimbus Therapeutics $210M - Series F

1 ▲5 Employee Healthcare Benefits Administration $560M 33 vbasoftware.com | $156M | PE Link

2 ▲2 Employee Health Benefits Marketplace $296M 13 gravie.com | $179M | Series F Link

3 -- Fitness and Wellness Platforms $243M 7 egym.com | $226M | Series F Link

5 ▲4 Digital Health Insurance Providers $193M 2 devoted.com | $175M | Series E Link

7 ▲8 Smart Fitness Equipment $157M 10 tonal.com | $130M | Series E Link

9 -- Corporate Fitness Management $144M 10 gympass.com | $85.0M | Series F Link

10 -- Healthcare Business Intelligence $140M 7 dexcare.com | $75.0M | Series C Link

11 ▲7 Remote Patient Monitoring Platforms $125M 34 healthsnap.io | $25.0M | Series B Link

12 ▲8 Telehealth for Providers $125M 14 truepill.com | $66.2M | Series D Link

13 -- Revenue Cycle Management $124M 6 janus-ai.com | $45.1M | Series B Link

15 -- Home Based $113M 3 infobionic.com | $57.8M | Series D Link

16 ▲5 Teleconsultation for Employees $112M 9 tytocare.com | $49.0M | Series D Link

17 -- Digital Medication Adherence $107M 12 spencerhealt.. | $43.0M | Series D Link

18 -- Wearable Breast Pump Brand $98.7M 6 onewillow.com | $81.4M | Series D Link

19 -- Radiology Image Analysis $94.7M 24 heartflow.com | $216M | Series F Link

20 ▼7 Radiology Image Analysis $94.7M 36 heartflow.com | $216M | Series F Link

21 -- Breast Feeding Devices $87.6M 9 onewillow.com | $81.4M | Series D Link

22 -- Medical Documentation Management $83.9M 5 ambienceheal.. | $70.0M | Series B Link

23 -- Dental Treatment Planning $80.0M 1 lf.co | $80.0M | Series D Link

24 ▲3 Personal Emergency Response App $75.0M 1 rapidsos.com | $75.0M | Series D Link

25 ▲1 Digital Symptom Checkers $70.8M 5 khealth.com | $59.0M | Series E Link

27 ▲3 Chronic Care Management $70.0M 6 strivehealth... | $166M | Series C Link

28 -- Healthcare Payment Solutions $69.6M 4 rialtic.io | $36.7M | Series B Link

29 -- Clinical Workflow Management $69.5M 8 fabrichealth.. | $60.0M | Series A Link

31 -- Remote Patient Monitoring Devices $67.9M 7 tytocare.com | $49.0M | Series D Link

32 -- Employee Health Benefits $66.7M 3 joinansel.com | $28.7M | Series B Link

34 -- Non-Invasive CGM Devices $62.2M 7 biolinq.com | $35.1M | Series B Link

36 -- Pregnancy Monitoring Apps $58.1M 4 pomelocare.com | $25.0M | Series A Link

37 ▲5 Fitness Wrist Wearables $56.0M 6 matrixindust.. | $21.0M | Series B Link

38 -- Healthcare Industry Payments Platform $54.9M 6 rialtic.io | $36.7M | Series B Link

39 -- Enterprise Data Management $54.0M 1 flywheel.io | $54.0M | Series D Link

40 ▲7 Sleep Management Devices $53.3M 8 onerahealth... | $32.9M | Series C Link

41 ▼28 Patient Engagement $51.9M 8 icanbwell.com | $40.0M | Series C Link

42 -- Healthcare Provider Management $50.5M 3 coherehealth.. | $50.0M | Series B Link

43 -- Electronic Health Record Facilitator $50.2M 6 ourparker.com | $25.0M | Series A Link

44 -- Expert-Led $49.7M 4 healthifyme... | $30.0M | Series C Link

45 -- Medication Adherence Devices $48.3M 5 spencerhealt.. | $43.0M | Series D Link

46 -- Automated Patient Communication $48.0M 5 hyro.ai | $20.0M | Series B Link

47 -- D2C Genetic Tests $47.0M 1 recurohealth.. | $47.0M | Series B Link

49 -- Healthcare Member Engagement $41.7M 4 lirio.com | $27.0M | Series B Link

Employee Healthcare Benefits $560M (▲161%)

Accolade League HealthEquity 33 (▼28.3%)

Key Stats Recent Funding Rounds Taxonomy

VBA Software (1995, United States) Employee Health IT (HealthifyMe)

Paytient Bennie Amino 13 (▼7.1%)

Key Stats Recent Funding Rounds Taxonomy

Gravie (2013, United States) Employee Health IT (HealthifyMe)

Curefit EGYM CoachUp 7 ( -- )

Key Stats Recent Funding Rounds Taxonomy

EGYM (2010, Germany) Fitness & Wellness Tech (Peloton)

Companies Funded Companies Curefit (2016, India) Diversified (Curefit)

Eka Care Picnic Phable 12 ( <> 0% )

Key Stats Recent Funding Rounds Taxonomy

Abridge Inc (2018, United States) Disease Self Management (Dexcom)

Companies Funded Companies $30.0M - Series B - Oct 2023

$846M 11 StoryMD (2017, United States)

Alan Kenko Anthem 2 (▼66.7%)

Key Stats Recent Funding Rounds Taxonomy