Alira Health’s Post

What's been happening in Mental Health innovation this week? ⭕ Virtual Therapeutics and Akili announce a merger. Akili were in big trouble, losing about $10m a quarter after failing to generate revenue for their digital therapeutics products. ⭕ Seven Starling, a maternal mental healthcare startup, raises $12.6m ⭕ Irish startup Spectrum.Life raises €17m in a round led by Act Venture Capital ⭕ Orygen receives an additional $6.4m of funding from the Victorian Sate Goverment for their youth digital mental health service MOST ⭕ Workplace wellbeing provider Habit Health is acquired by Five V Capital for over $200m ⭕ Optum acquires outpatient mental health providers Refresh Mental Health and CARE Counseling ⭕ Acadia Healthcare appoints Nasser Khan, MD as COO to expand their comprehensive treatment centres, grow their outpatient segment and improve quality of clinical care __ Want more insights and trends on mental health innovation? Feel free to follow myself and The Hemingway Report.

Hinge Health, virtual physical therapy for musculoskeletal, and Omada Health, virtual coaching for diabetes and hypertension), have (confidentially) filed the S-1 to prepare for an IPO. Will it be a home run or will they fail? I wrote down a few thoughts. This analysis has been done with the HeathTech Alpha data platform from Galen Growth | Insights You Can Trust. 1️⃣ 𝐇𝐞𝐚𝐥𝐭𝐡𝐓𝐞𝐜𝐡 𝐈𝐏𝐎𝐬 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐚 𝐛𝐥𝐨𝐨𝐝 𝐛𝐚𝐭𝐡 𝐬𝐨 𝐟𝐚𝐫, 𝐚𝐧𝐝 𝐃𝐓𝐱 𝐡𝐚𝐯𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫𝐥𝐲 𝐬𝐮𝐟𝐟𝐞𝐫𝐞𝐝 80%+ of HealthTech have lost most of their value since they went public. The Digital Therapeutics (DTx) category has faced significant challenges, with several companies, including Pear, Proteus, and Akili, declaring bankruptcy. 2️⃣ 𝐇𝐨𝐰𝐞𝐯𝐞𝐫 𝐭𝐡𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐩𝐞: 𝟐𝟎%+ 𝐨𝐟 𝐔𝐒 𝐇𝐞𝐚𝐥𝐭𝐡𝐓𝐞𝐜𝐡 𝐠𝐨𝐢𝐧𝐠 𝐩𝐮𝐛𝐥𝐢𝐜 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐮𝐧𝐢𝐜𝐨𝐫𝐧𝐬 𝐭𝐨𝐝𝐚𝐲 Hinge has raised over $1B in funding so far, and Omada has raised $500M. The goal is to become (at the very least) a unicorn, with a valuation of $1B or more. A rough estimate of US HealthTech IPOs shows that out of 100+ HealthTech companies that have gone public, over 20 currently have a $1B valuation (around 20%). 3️⃣ 𝐓𝐡𝐞 𝐢𝐧𝐬𝐩𝐢𝐫𝐚𝐭𝐢𝐨𝐧: 𝐄𝐯𝐨𝐥𝐞𝐧𝐭 𝐇𝐞𝐚𝐥𝐭𝐡? Evolent partners with health plans and physicians to achieve better outcomes for people with the most complex health conditions. Evolent shares many similarities with Hinge and Omada. Today, Evolent has a valuation of over $3B, and its stock price has risen by more than 50% since its IPO. 4️⃣ 𝐔𝐒 𝐚𝐧𝐝 𝐀𝐬𝐢𝐚 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐥𝐢𝐨𝐧 𝐬𝐡𝐚𝐫𝐞 𝐨𝐟 𝐇𝐞𝐚𝐥𝐭𝐡𝐓𝐞𝐜𝐡 𝐈𝐏𝐎𝐬 Together, the US and Asia represent 85%+ of HealthTech IPOs (evenly split). Asia has some interesting IPOs, such as JD Health ($14B valuation), Ali Health ($12B) or Ping an good doctor ($2B). Europe is lagging behind, and no European HealthTech that went public has a $1B+ valuation. However, this could change if Doctolib (valued at $5B+ on the private market) and Alan (valued $4B+ on the private market) decide to go public soon. Happy to continue the discussion on this topic Ashley Capoot ! #healthcare #healthtech #ipo

It’s time for the November edition of our MedTech Startup Spotlight series!  With the growing pipeline of startups from Rhode Island's developing life sciences ecosystem, we’d like to highlight a local company focusing on another aspect of patient care. Meet Docs for Health–a Rhode Island-based startup that addresses the social needs of patients in real-time by partnering with hospitals, clinics, and payors to treat the social determinants of health. With intervention being the key ingredient of this unique approach, the impact on a patient’s life is nearly 17x that of one of the most common drugs used in medicine today.  Read on to learn how Docs for Health is shifting the paradigm of the standard of care for patients. “because healthcare involves more than medicine…” Read the full blog here: https://lnkd.in/e5qEbTRP Rahul Vanjani James Lawless, LMHC #DocsForHealth #SDoH #SocialDeterminantsofHealth #NEMIC #StartupSpotlight #RhodeIsland  #SmallBusiness #Healthcare

What's been happening in Mental Health innovation this week? ⭕ Virtual Therapeutics and Akili announce a merger. Akili were in big trouble, losing about $10m a quarter after failing to generate revenue for their digital therapeutics products. ⭕ Seven Starling, a maternal mental healthcare startup, raises $12.6m ⭕ Irish startup Spectrum.Life raises €17m in a round led by Act Venture Capital ⭕ Orygen receives an additional $6.4m of funding from the Victorian Sate Goverment for their youth digital mental health service MOST ⭕ Workplace wellbeing provider Habit Health is acquired by Five V Capital for over $200m ⭕ Optum acquires outpatient mental health providers Refresh Mental Health and CARE Counseling ⭕ Acadia Healthcare appoints Nasser Khan, MD as COO to expand their comprehensive treatment centres, grow their outpatient segment and improve quality of clinical care __ Want more insights and trends on mental health innovation? Feel free to follow Steve Duke and The Hemingway Report.

We're thrilled to share the incredible innovations from Angel Investing in Healthcare! Meet the game-changing startups who pitched: Reality Health: Leveraging virtual reality for the management of chronic pain. Preview Health: Developing the world’s first blood test for Parkinson’s disease. Peak Medical: Offering unlimited clinical exercises with live assistance for osteoarthritis patients from home. GonGlobal: Radically improving the IVF patient experience and treatment success rates. GLIA Diagnostics: Creating a portable and accurate brain injury diagnostic device. EverYoungAI: The first multilingual AI assistant for the elderly population and their carers. Want to be part of this healthcare revolution? Invest in these groundbreaking startups through Australian Medical Angels' Health 10x Fund! Your support will bring life-changing solutions to market faster and accelerate their impact. Learn more and get involved: https://lnkd.in/gEEibqeU   #UNSWFounders The George Institute for Global Health, Australian Medical Angels, Virtus Health

🚀 Calling All Visionary Investors: Be Part of a Revolutionary FemTech Breakthrough! 🚀 YON E Global is on the cusp of transforming women’s health with the world’s first comprehensive, data-driven device that provides real-time insights into vaginal health. Our award-winning FemTech startup is driven by a mission to empower the 75% of women who face vaginal health imbalances and fertility challenges with proactive, personalized care. Our innovative medical device is nearly complete, and we’re already making strides with Europe’s newest femcare webshop—a holistic community hub for vaginal health. This platform strengthens our brand and cultivates valuable relationships, setting the stage for YON E Global’s official launch. 🔥We’re seeking angel investors and VCs who believe in the power of cutting-edge health technology and share our vision of transforming women’s health on a global scale. Join us as we pioneer a new era of personalized health and empowerment, where elegance meets medical innovation. 🌟As Chief Data Officer and Advisory Board Member, I’m proud to be part of this journey. Please let me know if you have any interest in supporting this effort! Invest in YON E Global. Let’s shape the future of women’s health together! 🌟 #FemTech #WomensHealth #MedicalDevice #InvestmentOpportunity #AngelInvestors #Investment #HealthCareInnovation #FemaleFounders #MedTech #WomeninHealthTech #ImpactInvesting #VentureCapital #TechForGood Roswitha Verwer Ricquelle Jeffrey Archita Fritz

🎬 Matt Damon and 🏈 Colin Kaepernick have invested in it, and so has 💰Andreessen Horowitz... Function Health's executive team has "engineered a first-of-its-kind approach that focuses on prevention and empowerment"—very much in line with what we aimed to achieve with Carebook when we started it over six years ago. Could they be the ones to fulfill their lead investors' prophecy (link at the bottom) and Dr. Eric Topol, MD's premonitions in his books "The Patient Will See You Now" and "Deep Medicine"? They have just secured a $50 million grant. Let's hope this is not another Theranos and that we are truly witnessing the rise of the next generation of direct-to-consumer health companies. These companies will be key players in the "transition from reactive to proactive" health care that the system—and we—desperately need. What do you think? Links: 📝 Investment round press release: https://lnkd.in/eUG87qkf 🔗 Andreessen Horowitz's prophecy: https://lnkd.in/eZATCf4f

😓 In the startup world, the pressure never stops ⇥ ...to innovate, to raise, to grow, to scale… 🫸 ...to generate revenue, to hire, to fire. Pigeon’s never really been one to feel the pressure*, but we’re here for you if you have – giving you a moment each week to pause, have a break and enjoy the best healthtech stories of the week, including 👇 4️⃣ Heartbeat Health’s Jeffrey Wessler gives struggling founders tips on how to survive the digital health shake out. 💰 Jack O’Brien reports as Liver enthusiasts Boehringer Ingelheim and Ochre Bio form a partnership for the ages 🚹 Nathan Eddy examines Maven Clinic’s new male fertility support offering 🗣️ Conor Hale shares the news that GE Healthcare is launching the ultrasound machine of the future ❓Pastest find a lack of confidence in dermatology, as just 5% feel comfortable diagnosing conditions across a range of skin tones 🤖 Would you feel more comfortable being shouted at by an AI? Stewart Rogers examines the AI wellness avatars. 🇫🇷 If you’re feeling under pressure to innovate? Try being Doctolib, France’s Healthcare Unicorn. Daphné Leprince-Ringuet explains… 💰 Kai Nicol-Schwarz shares Elvie’s £9.6m raise and asks what they plan to do with the money Pods from: 🔊The Healthtech Pigeon Podcast with Jessica Somauroo, Dr. James Somauroo and BoobyBiome’s Dr. Sioned Fôn Jones 🔊The Healthtech Podcast with Fit Minded Inc’s Jennifer Huberty, PhD 📎 ZINC Venture Builder, June 2024 📎 Women’s health Community Fund, Wellbeing of Women 📎 Customer Success Lead, Perci Health 📎 Engineering Manager, Doccla Read the full stories at healthtech pigeon dot com – full link in the comments below #digitalhealth #healthtech #healthtechpigeon  *although the stress of generating weekly sass can occasionally be overwhelmiing and we need a lie down.

🚀 The third edition of Digital Health 30 is back! #DigitalHealth is thriving- $2.7 billion was invested across 133 deals in Q1 2024. While the median funding in later stages has decreased from its peak in 2021, median early-stage funding has increased by 19%! Make the move now. Unveiling our exclusive research: Digital Health 30. The report spotlights 30 high-growth startups - curated from a list of 9000+ startups using 100+ growth metrics! Here's a sneak peek: 🏆 Top Bootstrapped Companies: Klarity Imagine Pediatrics Drop Bio Health Allminds MediOrbis 🏆 Top Seed Stage Companies: Nourish Henry Meds Terappin Fitelo HeHealth 🏆 Top Early Stage Companies: Unobravo | Servizio di psicologia online Fabric Midi Health Inbound Health Pomelo Care Read the full report: https://hubs.li/Q02tqFBb0