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Headway Raises $125M, Reaches Unicorn Status

Headway closed a $125 million Series C funding round. The round brings the New York-based startup’s valuation to $1 billion, reaching unicorn status. The company connects patients to in-network therapists and helps mental health providers avoid the massive administrative burden associated with taking insurance.
United States Andrew Adams Andreessen Horowitz Health Care Service Corporation New York Based Spark Capital

Beyond Birth: Improving the Maternal Mental Health Crisis

In response to the urgent need for support, the federally funded National Maternal Mental Health Hotline was launched in 2022,. In its first year, the hotline for new and expectant parents received more than 12,000 calls and texts, underlining the depth of the crisis affecting millions of Americans. For decades, the emotional highs and lows after giving birth were dismissed as simply “the baby blues.” However, though we’ve made strides in understanding the severity of postpartum depressi...
United States American College Of Obstetrics National Maternal Mental Health Hotline American College Weight Loss Medical Devices

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Liquid Biopsy Startup Precede Sets Out to Make Precision Medicine More Precise

Precede Biosciences’ liquid biopsy platform yields insight into the genes and pathways in diseased tissue. Based on Dana-Farber Cancer Institute research, the startup aims to support biopharma drug R&D as it also develops the technology for clinical care applications.
Dana Farber Cancer Institute United States Rehan Verjee Guardant Health Bristol Myers Squibb Merck Kgaa

How Are Digital Health Investors Shifting Their Focus In 2023?

The digital health sector's quarterly investment trends seem to be stabilizing in 2023, according to a new report from Rock Health. The report noted investors are shifting their focus away from pandemic-era categories like telehealth and pharmaceutical R&D catalysts — instead, they're interested in startups creating products for disease treatment, the improvement of nonclinical workflows and the enablement of value-based care.
Synapse Health Keona Health Healthmap Solutions Rock Health Vivante Health Better Life Partners

Providence Plans to Spin Out a New Patient Engagement Startup, Marking Its 4th Incubated Company

Providence announced that it will spin out its fourth digital health startup in the first quarter of next year. The company, called Praia Health, offers a platform designed to build stronger relationships with patients by personalizing their healthcare journeys and connecting them to relevant resources and services.
Cape Verde General Cape Verde Sara Vaezy Justin Dearborn Praia Health Wildflower Health

Already Partnered With Nvidia and Eli Lilly, Iambic Adds $100M for AI Drug Discovery

Iambic Therapeutics brings together software engineers and drug-hunting scientists, all sharing the goal of using artificial intelligence to optimize properties of small molecule drugs. The startup will apply its Series B financing to a cancer drug pipeline that includes two candidates on track for the clinic in 2024.
United States La Jolla Tom Miller Eli Lilly Gradiant Corporation University Of Bristol

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