This week’s reported global health innovation funding included:
Ten63 Therapeutics, a Durham, NC-based AI-powered drug discovery company, raised $45M from Chugai Venture Fund, the Gates Foundation, and other investors. <source>
ProSomnus Sleep Technologies, a San Francisco, CA-based provider of a tech-enabled, non-CPAP alternative for the treatment of obstructive sleep apnea, raised $38M from Catalio Capital Management. <source>
Codoxo, a Duluth, GA-based provider of AI and generative AI-powered healthcare payment integrity solutions, raised $35M led by VS Health Ventures, with participation from Echo Health Ventures and other investors. <source>
Turbine, a Budapest, Hungary-based virtual biology company using AI to accelerate drug discovery and improve clinical translatability, raised $25M led by Interactive Venture Partners, with participation from Beiersdorf AG, MSD Global Health Innovation, Accel, Mercia, and other investors. <source>
Nyra Health, a Vienna, Austria-based digital health company providing an AI-powered neurotherapy platform, raised $23.6M (€20M) led by Armira Growth, with participation from Wellington Partners, Crane Venture Partners, and EVER Pharma. <source>
Flinn.ai, a Vienna, Austria-based startup building an AI platform for medtech and pharmaceutical companies, raised $20M led by HV Capital, with participation from Bertelsmann Healthcare Investments, Cherry Ventures, Speedinvest, and SquareOne. <source>
Rainfall Health, a Berkeley, CA-based AI-driven compliance and reimbursement platform for hospitals and medical groups, raised $15M led by Two Bear Capital. <source>
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Handl Health, a Los Angeles, CA-based provider of a technology platform building health plans, raised $14M led by Arthur Ventures, with participation from Syndra Capital Partners, Mucker Capital, Riverfront Ventures, Digital Health Venture Partners (DHVP), and Boutique Venture Partners. <source>
Coral Care, a New York, NY-based developer of a platform expanding access to in-home pediatric speech, occupational, and physical therapy, raised $13M led by Haymaker Ventures, with participation from FCA Ventures, Peterson Ventures, Alleycorp, Reach Capital, Jefferson River Capital, Greymatter Capital, Mother Ventures, and Charge Ventures. <source>
Tozaro, a Bedford, England, UK-based biotech platform for ML-guided in silico discovery of polymer-based ligands for use in cell and gene therapies, raised $8.1M (£6M) led by Mercia Ventures, with participation from other investors. <source>
Pharmacelera, a Barcelona, Spain-based company applying quantum mechanics and AI for drug discovery, raised $7.1M (€6M) led by Heran Partners, with participation from Clave Capital, Inveready, and Bio&Tech Smart Capital. <source>
Axmed, a Basel, Switzerland-based health tech company with regional headquarters in Nairobi, Kenya, that provides a technology-enabled B2B marketplace and logistics platform that connects buyers, manufacturers, and distributors to streamline procurement and delivery of essential medicines across low- and middle-income countries, raised $6M in grant funding from the Gates Foundation. <source>
Synchrony Medical, a Jersey City, NJ-based respiratory care technology company and creator of the FDA-cleared LibAirty Airway Clearance system, raised $5M led by Edge Medical Ventures, with participation from the New Jersey Economic Development Authority (NJEDA), Broadfin Holdings, Consensus Business Group (CBG), and angel investors. <source>
Hemi Health, Frederiksberg, Denmark-based health tech startup helping people with migraine, headache disorders, and concussion care, raised $4.7M (€4M) led by Denmark’s Export and Investment Fund (EIFO) and Swiss Health Ventures, with participation from Sondo Capital, Alliance Venture Capital, and Crowberry Capital. <source>
QT Sense, a Groningen, The Netherlands-based biotech startup dedicated to enhancing biomedical research through quantum mechanics, raised $4.7M (€4M) led by Cottonwood Technology Fund, with participation from QDNL Participations and an angel investor. <source>
Oncare, a Gurugram, India-based oncology startup, raised ₹27 Cr ($2.96M) led by Sky Impact Capital, with participation from Huddle Ventures, Lotus Herbal Group, Steerx, and Tremis Capital. <source>
Lexi, a Cambridge, MA-based startup building an AI-native communication layer for healthcare, raised $1.4M led by Informed Ventures, with participation from HBS Alumni Angels, Stanford Angels, Alumni Ventures, Van Wickle Ventures, and Lowell Community Health Center. <source>
Patientdesk AI, a San Francisco, CA-based startup developing patient-aware AI for dental clinics, raised $1M led by Y Combinator and E2VC. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox. Follow us on LinkedIn for daily updates on Health Moonshots.
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