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August 18, 2023

Virulent startups: 100 fastest growing HealthTech Companies

As humankind explores the horizon of technological possibilities, opportunities in the field of healthtech grow rapidly.

The Coronavirus pandemic caught healthcare systems off guard. It instilled a looming paranoia of sickness. Entrenched in misinformation, a distrust for doctors, and collapsing systems, the world demanded quality healthcare. Luckily, healthtech and medtech startups got the memo. Healthtech refers to the commercialization, delivery, and consumption of care. While Medtech delineates the technology developed to diagnose, monitor, and treat diseases. Here are the top healthtech startups in 2023.

Role of healthtech and medtech startups in health issues

In a concrete jungle, a sick day has huge implications. From going to the doctor to being fully healed, there is a lot that goes on behind the scenes. Chronologically: prevention of diseases, recording symptoms, booking an appointment, tracking medical history, diagnosis, treatment, purchasing medication, monitoring… The list goes on. After all, a hospital isn’t much different from a business. Healthtech and medtech startups use man’s gift to himself, technology, to make these processes more efficient.

Doctors are indispensable, but humans are bound by biases that machines are free from. In a study conducted by Mendel et al. in 2012, the researchers found that a clinical “confirmation bias” impacts the validity and reliability of diagnosis. Out of 75 medical students, 25% misdiagnosed an Alzheimer’s patient. Their confirmation bias prevented them from searching for new information after making a preliminary diagnosis. Medtech startups rely on artificial intelligence to carry out advanced analytics to identify patterns in biomedical data that helps with the early detection of ailments.

A good business sees a problem and innovates a solution. A better business may create a problem and capitalize on a solution. According to the New York Health Department, about 697.000 people die of heart disease annually in the US. Coronary heart disease is the most common, due to cholesterol deposits in the arteries. Incidentally, processed foods are cheaper in America as opposed to fresh produce. Medtech companies ideate and produce wearable heart monitoring devices that help save lives by being watchful of risks.

Healthtech plays an important role in the administration of medical institutions. Firms design applications to book shifts for healthcare professionals and improve workforce management. The automatization of bureaucracy through healthtech startups improves medicine, as it accelerates the process between diagnosis and treatment.

Challenges that healthtech and medtech startups must overcome

Digital health solutions enjoy a rapidly growing market, with more than 95 percent of hospitals using electronic health records, as specified by HealthIT.gov. The fertile business ground breeds more startups than it can handle, resulting in a struggle for funding and thus, startups tend to duplicate existing technology instead of bringing new solutions to the table. Raising capital for experimental technology is daunting, resulting in a decline in innovation. This is detrimental to the vast technological potential of the industry.

Healthtech startups require a strong team to be successful. A digital solution relies on a well-informed and creative engineer who knows their way through information technology. In combination with a persuasive marketer, to attract funds and sell the solution to hospitals. Healthtech startups hire professionals from a wide spectrum of fields, intensifying good management's role. Thus, the staffing for healthtech companies can make or break their progress.

Healthtech might seem invisible to a patient, but these startups directly impact our physical health. The Health Insurance Portability and Accountability Act, or HIPAA of 1996, is a federal law enacted to safeguard the patient’s medical information. This includes their medical history, test results, treatments, etc. A hospital would incur a penalty or criminal prosecution if such details were disclosed. This is one of the major challenges for healthtech startups, as software is vulnerable to hacking and phishing attacks. To prevent security breaches, healthtech startups must update their apparatus, which includes an additional financial burden.

100 top healthtech and medtech startups

According to StartupBlink, a research center for global startup ecosystems, healthtech was the second largest industry in 2022. Accounting for 12.7% of all sampled startups. A unicorn startup is one that has been in the business for less than ten years, is private, independent, and valued at one billion dollars or more. A testament to the fast-growing quality of the healthtech industry, in StartupBlink’s research, there were 73 unicorn startups in healthtech, of which 53 are located in North America. The following is a list of the most successful American and European startups in healthtech and medtech today.

20 top healthtech and medtech startups

Based in San Francisco, USA, Omada Health is a digital health firm offering data-driven, personalized care for chronic conditions such as diabetes, weight management, anxiety, and depression. Founded in 2011, it is valued at over $1 billion, partly funded by aMoon and Fidelity Management & Research Co.

From San Francisco, USA, Benchling is a cloud-based platform to help scientists accelerate their research and development lifecycle. Through tools that allow for collaboration and storing data, more than 200.000 scientists across academic institutions and fortune 500 companies depend on Benchling. Founded in 2012, the biotech platform has a valuation of $6.1 billion.

Benchling

Based in Oxford, UK, the company develops and sells nanopore sequencing products, which allow scientists to analyze single molecules electronically. Nanopore sequencing studies the code of a single DNA strand, allowing scientists to access new avenues for research. Founded in 2005, Oxford Nanopore Technologies was valued at $4.6 billion in a London share sale in 2021.

Situated in Massachusetts, USA, Podimetrics provides management services and technologies to prevent foot amputations in diabetic patients. They developed a “Smart Mat” that detects foot ulcers when a patient stands on it for 20 seconds. That data is then sent to their healthcare provider. Founded in 2011, the organization has a valuation of about $225 million as of 2020.

According to the CDC, in one year, approximately 36 million older adults suffer a fall, resulting in over 32 thousand deaths. From Colorado, USA, Nymbl Science is a digital, in-home balance training program that helps prevent falls in older adults. The wellness and fitness service was founded in 2014 and is valued at $60 million.

In Shakespeare’s time, doctors made house visits to families who could afford it. Now, thanks to technology, at-home healthcare is accessible and affordable. Based in Denver, USA, DispatchHealth has board-certified medical members delivering emergency care to one’s doorstep. The practice updates healthcare providers and is affiliated with various health insurance providers. Founded in 2013, DispatchHealth is valued at over $1 billion.

DispatchHealth

In a private health economy, the abundance of practitioners and institutions leaves patients puzzled. Doctify found a solution: consumer's voice. Headquartered in London, UK, the startup enables doctors, clinics, dentists, and hospitals to consolidate patient feedback online. It also helps patients learn more about their healthcare providers. Founded in 2015, Doctify has secured funding of $10.5 million.

Based in London, UK, the software company has a web and mobile application for better workforce management. It simplifies the process of booking shifts for healthcare professionals and determines staff availability. Founded in 2012, Lantum has an estimated valuation of between $60 and $90 million.

Situated in Massachusetts, USA, Alto Pharmacy works with doctors and insurance providers to deliver prescriptions to the patient’s doorstep. According to Business Wire, the healthtech startup has filed over 1.5 million prescriptions and touched the lives of about 125,000 patients. Founded in 2015, the online drugstore is valued at over $1 billion.

When it comes to chronic illnesses, a second opinion is almost always advised. From Tennessee, USA, ThymeCare is an oncology management platform which grants users counseling from numerous cancer professionals like nurses and social workers. They also provide financial guidance, transportation, and childcare services. Founded in 2020, they now have over seven investors.

Based in Oulu, Finland, the healthtech company developed a wearable ring and application to measure sleep quality by measuring body temperature, heart rate, respiration rate, and movement. Oura creates a nightly sleep profile for the user. Founded in 2013, it is now valued at $2.55 billion.

Founded in 2014, in Helsinki, Finland, Aiforia uses artificial intelligence for image analysis. The cloud-based platform functions in all therapy areas, benefitting pathologists and researchers. In a recent round of funding, Aiforia raised approximately $21 million. The European Union is one of Aiforia’s multiple investors.

Headquartered in the Netherlands, Agendia administers genomic tests to help patients select the most suitable treatment for breast cancer. By identifying the exact gene causing a tumour to grow, the startup takes an individualized approach for each patient.

Founded in 2003, the healthtech startup has funding of about $182.3 million.

From Apple watches to an array of wellness apps, our collection of data is getting out of hand. Established in Vancouver, Canada, Metriport is a universal application programming interface for healthcare data. Through the standardized API, users can access all their health data across wearables and applications on one platform. Founded in 2021, Metriport has a valuation of $20 million.

Based in California, USA, Malama is a digital platform that helps monitor diabetes in pregnant women. It helps users track their glucose and meal data to lower the rates of preterm and C-section births. Launched in 2022, Malama has five partners, including Stanford Hospital and AMS Research.

Situated in Northern Ireland, PneumaHealth is an application programming interface aiming to democratize healthcare in Africa. The crucial need for efficient systems obscures questions of international dependency. The platform unites patients, developers, and providers, rendering healthcare more affordable. Founded in 2020, the software promotes health equity in Africa through digitization.

Since Covid-19, a newfound, cosmopolitan obsession with mental health is undeniable. Headquartered in California, USA, the virtual application helps its users with mindfulness through guided meditations. Founded in 2010, Headspace Health is valued at $3 billion. But in an ocean of similar applications, what makes Headspace successful? Aside from friendly graphics and colourful animation, the startup uses social media marketing to appeal to its target audience: millennials.

From Massachusetts, USA, FOLX Health provides quality healthcare services to the LGBTQ+ community. Designed to limit systemic discrimination in American healthcare, the startup offers virtual appointments, sexual health advice, hormone replacement therapy, and more. Founded in 2019, the startup has raised $59.4 million in funds.

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DoctorLink

From London, UK, DoctorLink is an application to catch up with the growing demand for centralised general practitioner services. Available on Google Play and the Apple Store, the application helps patients book an appointment with their general practitioner efficiently. Founded in 2016, the startup has raised $24 million from Eight Roads Venture.

Based in London, UK, Thriva is a blood testing subscription service that offers personalized diagnostics and helps Londoners gain insights into their health. Founded in 2015, Thriva allows users to take their health into their own hands. It ranked seventh in the Financial Times report on Europe’s fastest-growing companies.

Headquartered in London, UK, BenevolentAI is a knowledge graph platform that relies on machine learning to dissect biomedical data and develop efficient treatments. The startup used artificial intelligence to identify a drug to treat Covid-19 in early 2020. Founded in 2013 and valued at over $1.7 billion, investors, including Goldman Sachs, invested in BenevolentAI.

Headquartered in London, UK, the startup reduces hospital readmission rates via remote patient monitoring and predictive healthcare powered by artificial intelligence. Huma has over 1.8 million users across its platforms. Founded in 2011, in six rounds of funding, Huma Therapeutics has raised funds worth $184 million.

Acquired by Medtronic, an enterprise based in Minnesota, USA in 2021, Touch Surgery helps enhance surgeons’ performance by producing realistic visual guides for medical procedures. Originally established in 2012, Touch Surgery was developed by visual artists, AI engineers, and surgeons.

A British website where patients may order their prescription medication, which will be delivered for free. Patients can also track their orders and set reminders for taking their medicines on their mobile application. Launched in 2015, after five rounds of funding, the startup has obtained $11.5 million.

Headquartered in London, UK, DNANudge helps users make smarter health choices based on their DNA information. Users can access their genetic information on an application that also makes food recommendations based on results. Founded in 2020, the startup has signed a redistribution deal to conduct tests in Spain.

From San Francisco, USA, Carbon Health makes high-quality healthcare more accessible. It offers a “friendlier healthcare experience” sans membership payments. Founded in 2015, the startup partners with clinics to render healthcare seamless via virtual and in-person appointments. It is worth over $1 billion.

Based in Texas, USA, First Dollar is an insurance policy where the insurer begins to pay only when an insurable event occurs. In this manner, the client is not financially burdened and can go on with their day-to-day business. Founded in 2019, the startup innovates the healthcare benefits infrastructure.

Headquartered in Paris, France, the startup is a “clinical research ecosystem”. More data is always more reliable. Inato enhances the potential for research by inducting more patients and doctors into the research scene. Founded in 2016, Inato is valued between $48 and $73 million.

From New York, USA, Headway is a union of therapists who accept insurance. The startup aims to make mental healthcare more accessible. Founded in 2019, through Headway, patients may pay as low as $20 for a consult instead of $200.

Headquartered in New York, USA, Maven Clinic is a virtual clinic for women’s and family health. Their digital programs reduce costs and benefits, improving diversity, equity, and inclusion. Founded in 2014, the startup has touched the lives of 15 million individuals.

Based in the Netherlands, the biopharmaceutical startup develops oral medication for patients with metabolic diseases. At the clinical stage, it provides viable treatment for patients failed by currently approved therapies. Founded in 2019, the startup enjoys approximately $429.4 million in funding.

From Paris, France, Ganymed Robotics uses advanced artificial intelligence to develop technology for orthopaedics, that improves a patient’s outcome, a surgeon’s experience, and the efficacy of joint replacement surgeries. Established in 2018, the startup has raised $41.1 million over five rounds of funding.

Headquartered in Oxford, UK, OchreBio develops RNA therapies for chronic liver diseases. Liver disease is the third leading cause of premature death in the UK. In 2020, as stated by gov.uk, there were 9,666 deaths associated with liver disease. Founded in 2019, the startup has 19 investors, including EIT Health and Khosla Ventures.

In the spirit of sustainability, can materials that replace organs also go green? Based in Ireland, Lifelet Medical produces a biomimetic polymeric material for heart valve replacements, with increased durability, decreased costs and carbon footprint. Established in 2020, the startup has 3 investors.

Headquartered in Lausanne, Switzerland, Mindmaze now has offices in London, Paris, and Mumbai. Specializing in digital neurotherapeutics, the platform offers virtual reality products, overseen by healthcare specialists, that help patients of Alzheimer’s and Parkinson’s, or after a traumatic brain injury, recover their brain function. Started in 2016, MindMaze recently announced an investment of $125 million.

The surge in the use of technology after Covid-19 worsened the quality of sleep for many. In the Netherlands, Onera Health offers a diagnostic patch that monitors the user’s sleep quality. Founded in 2017, the healthtech startup accepted a grant worth $2.6 million from the East India Company.

From London, UK, Kheiron Medical introduced Mammography Intelligent Assessment (MIA), a software that uses advanced artificial intelligence to help doctors diagnose breast cancer with greater accuracy. Established in 2016, many NHS hospitals are now partnered with this startup.

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NAOMI

Based in Croatia, the mobile application is a mental health assistant. Using cognitive behavioral therapy, and an anonymous mode, NAOMI allows the user to focus on a mental health issue, such as anxiety, stress, and anger and helps them through it. Founded in 2020, the startup collaborates with businesses to prevent employee burnout.

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Ava

Founded in Switzerland, Ava helps women conceive via insights into their ovulating window. A watch that collects information like the user’s heart rate and body temperature and makes a recommendation on the perfect time for intercourse. Launched in 2014, the startup has approximately $42.2 million in funding.

A French application, Doctolib is a platform for patients to book appointments with their healthcare provider. Also operational in Germany and Italy, medical facilities may access their services for a monthly fee. Founded in 2013, more than three-quarters of immunization requests in France were booked through Doctolib. It is now valued at over $1 billion.

Headquartered in New York, USA, Ophelia is an online opioid addiction rehabilitation platform. The startup entails online consultations with a care team, and a prescription of Suboxone sent to the user’s local pharmacy. Founded in 2019, Ophelia is valued at about $275 million.

Amra, a Swedish startup, develops innovative medical devices for scanning the fat and muscle percentage in the body. Established in 2010, the startup has partnered with Pfizer, Maastricht University, and Mayo Clinic for medical research. It now has about $10.2 million in funds.

Headquartered in Munich, Germany, the healthtech startup offers users a range of insurance options, of which they may select the most beneficial. The application also presents calculations for predicted future payments. Launched in 2015, Ottonova has over $140.8 million in funding.

Oviva is an NHS provider based in London, UK, that helps diabetic patients regulate their blood glucose and pressure levels. By keeping tabs on their diet, weight, and physical activity, Oviva also entails learning resources like recipes and coaching. Founded in 2014, the startup has approximately $127.5 million in funds.

From London, UK, the AccuRx is a software that enables the communication between patients and their healthcare providers. Along with accessible communication between hospital staff. Founded in 2016, a whopping 98 percent of general practice institutions with the NS use the startup’s services.

Founded in 2015 in London, UK, Second Nature helps people find verified nutritionists to support their health and fitness needs. The application generates a grocery list for members and an abundance of healthy food. Second Nature has now raised $13.3 million in funding.

Headquartered in New York, USA, Peachy is digital insurance that evaluates bills to ensure fair prices. Founded in 2021, funding for the company was provided by investors from the private healthcare and insurance sectors, including former officials from Bupa and the Chartered Institute of Insurance.

Founded in 2016 in California, USA, Meru Health developed a wearable device to help users track their heart rate. The device is an ear clip-on, sent to the users by mail. In their most recent round of funding, in 2020, investors including Slack and Y Combinator contributed $8.1 million.

Based in California, USA, Modern Fertility connects women to various fertility and ovulation tests. They also produce prenatal vitamins, pregnancy tests, fertility hormone tests, and similar products. Founded in 2017, they raised $22 million in their most recent round of funding.

Headquartered in London, UK, Novoic uses artificial intelligence to detect early signs of neurological diseases such as Alzheimer’s and Parkinson’s. The unique, non-invasive initiative does so using a patient’s voice recordings, “based on the way people speak”. Founded in 2019, the startup generated funds worth $2.6 million in its seed round.

Legal provisions sometimes need a nudge from the private sphere to be more effective. From Texas, USA, Aunt Bertha is a platform that connects people to the social service resource they require. Started in 2010, the startup has since helped 4 million individuals.

From California, USA, the startup provides phone-based care or telehealth. Doctors and professionals are on call for patients’ physical and mental health needs. Founded in 2015, the startup was acquired by Accolade in 2020, a business that presents various healthcare options.

Based in California, USA, the healthtech startup offers private medical institutions a technology to expand their base of patients and gain insights from patient feedback. Founded in 2014, it is informally known as the social media for healthcare providers. PatientPop now has 8 investors, including Vivo Capital.

From Chicago, USA, Tempus delivers “the power of data and artificial intelligence to healthcare”. The startup collaborates with academic health institutions to expand its data and improve precision. Founded in 2015, Tempus recently announced $275 million in funding from equity and existing investors.

Headquartered in San Francisco, USA, Calm is an application for sleep, meditation, and relaxation. Founded in 2012, with a persistent focus on mental health, the startup now has a valuation of $2 billion. Similar to Headspace, Calm capitalizes on mental health, with over 4 million paying users.

A majority of senior citizens feel a sense of profound abandonment, that often worsens their health issues. Based in Massachusetts, USA, Reviving Mind is a telehealth provider helping senior Medicare members with chronic illness and loneliness, to adhere to their program. Founded in 2020, the platform increases the efficacy of treatment.

Based in New York, USA, the healthtech startup created a digitized space for patient records. It allows professionals to access their patient’s medical records in an instant. Over 2 million patients have received prompt treatment for critical health needs through eHealth Technologies. Founded in 2006, eHealth Technologies has collaborated with about 100 top hospitals.

From New York, USA, clinicians rely on Parachute Health to order medical equipment for their patients from a range of suppliers. The startup is a bridge between clinics and suppliers and has more than 40,000 customers. Founded in 2014, the startup can offer over 10,000 products and services.

Founded in 2011 in San Francisco, USA, BetterUp helps corporates create high-performing work environments. It is a coaching platform that helps professionals strengthen leadership skills. According to their reports, the employees who work with them see a 130 percent increase in their job performance.

Headquartered in Berlin, Germany, Ada is a self-evaluation application that produces statistically possible diagnoses. It does so by recording a user’s symptoms and matching them with signs of patients in the same age group and gender. Founded in 2011, the startup has received a total funding of about $69.3 million.

Ada Health

It's been reported that half of children in the United States who experience mental health disorders do not receive treatment. Designed specifically for kids and teens, Brightline’s approach combines evidence-based programs with a multidisciplinary care team, ensuring a tailored experience. They also redefine how families access mental health support by involving those closest to the child. Brightline is shaping a brighter future for children's mental health, backed by data-driven outcomes and compassionate care.

Acurable is a UK medtech startup working on medical devices that are making significant strides in the healthcare technology sector. With offices in London and Seville, they focus on creating accurate and wearable medical devices designed for patients to use in the comfort of their own homes. Their flagship product line, AcuPebble, employs wearable acoustic sensors to capture patient biosignals that extract disease-related biomarkers, leading to diagnostic or disease management insights. They have raised $13.7 million in funding with prominent investors such as Kibo Ventures and Alma Mundi Ventures.

With nearly 1 billion people worldwide grappling with mental health disorders, the potential breakthrough of psychedelic therapy can be a lifesaver. Maya Health democratizes psychedelic therapy, ensuring more individuals can get the help they need. The platform caters to three key stakeholders: researchers, providers, and participants. They help research and inform clinical practices to establish safe and effective psychedelic therapies. They have been funded by 18 investors and most recently, raised funding from a Seed round.

Navigating a fragmented healthcare system can be frustrating when dealing with administrative hassles and obstacles in bill payments. Founded in 2016, Cedar helps exceed financial objectives and enhance the end-to-end patient experience. They also bridge the gap between health plans and providers, presenting a solution that minimizes administrative inefficiencies and offers members the clarity and support they require. According to PrivCo, they have climbed to a valuation ranging between $1 to $10 billion.

Founded in 2018 in Boston, Massachusetts, 1910 Genetics is a biotech company that aims to expedite drug development timelines, reduce costs, and enhance success rates. Rooted in a deep molecular understanding of diseases, they integrate artificial intelligence, computational tools, and biological automation to accelerate the design of small molecule and protein therapeutics. They currently hold a valuation of between $88 to $132 million.

Cancer is the second leading cause of death worldwide. GRAIL aims to change the course of cancer mortality. They have created the Galleri Test, a multi-cancer early detection (MCED) test that possesses the capability to identify a shared signal across over 50 cancer types. Based in California, United States, GRAIL currently has a valuation of $368 million.

GRAIL

As healthcare visits rise in aging populations, Cera envisions a future where digital-first healthcare-at-home becomes the norm, shifting services from hospitals to smart digital solutions. Using data analytics and machine learning, they offer carers to monitor vital health signs through screens, resulting in faster responses to changing conditions and reduced hospitalizations. Launched in 2016, Cera is one of Europe’s fastest-growing businesses, with a valuation of $1 billion.

Born out of the frustration of inadequate staffing solutions in outpatient surgical centers, Medely's inception in 2015 aimed to simplify this process through transparent and cost-effective technology. Their impact is twofold: they empower healthcare professionals with flexible scheduling through their app while simultaneously saving valuable time, resources, and money for healthcare facilities.

As a telehealth platform, Hims and Hers Inc. provide online consultations and access to licensed healthcare providers by eliminating the wait time often associated with traditional appointments. They also have a range of clinically-proven treatments and FDA-approved medications, addressing concerns from hair loss to mental health, sexual wellness, and skincare. The San Francisco-based company has a rising valuation of $1.6 billion after closing a deal with Oaktree Capital Management.

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Flo

With 48 million monthly active users worldwide, Flo is a health app that functions as a menstrual and fertility calendar, pregnancy assistant, and health tracker, providing users with accurate predictions and insights into their bodies' rhythms. Flo has also catalyzed gender research by involving its community in advancing science and technology. Released in 2015 by Flo Health, the company has a valuation ranging between $500 million to $1 billion.

Flo

Founded in Berlin, Una Health redefines diagnostics in healthcare by utilizing existing technology to enhance patient journeys. Specializing in pathology and point-of-care diagnostics, they offer a diverse range of products that ease processes. With a strong commitment to customer service and patient well-being, Una Health stands as a pioneer in optimizing technology for efficient and patient-centered healthcare.

Health equity is vital for ensuring equal access to healthcare regardless of social factors, promoting better public health, and reducing healthcare costs. As the first-ever health equity platform. For historically underserved communities like BIPOC, LGBQ, and TGNC, who face systemic barriers and disparities, Violet focuses on empowering providers with standardized cultural competence measurements. Launched in 2020, the latest round of funding brought the company’s total raised to $5.3 million.

The Smart Lollipop has crafted an ingenious non-intrusive medical device in the form of a lollipop. This solution utilizes biosensor technology to detect multiple diseases from a single saliva sample specially tailored for children. The device provides rapid diagnosis results through electronic readers and an online health platform. The company's journey started in 2017, winning the iFest Dream Big Challenge Innovation, and has since evolved with the guidance of acclaimed accelerators like UNICEF Lab and Ship2B. Hailing from Barcelona, the Smart Lollipop has raised a total of €530,000 in funding over 2 rounds.

Founders Daniel Perez and Gabriel Mecklenburg founded Hinge Health in 2014 to make high-quality musculoskeletal (MSK) care accessible. Through the Hinge Health app, users can access a range of exercises and stretches tailored by experienced physical therapists. Their personalized care plans are supported by qualified health coaches and physical therapists who offer guidance through text, email, phone calls, or video chats. They currently have a valuation of over $1 billion.

Hinge Health

Without advancing treatment research and clinical trials, the development of new medicines, new procedures, and new tools would not be possible. Utilizing the leading research platform dedicated to rare conditions, AllStripes lets patients contribute to multiple studies without needing to leave their homes. The platform lets patients create a private account and authorize AllStripes to collect their records from health facilities. They then carefully analyze the data to accelerate new treatment research for rare diseases. Based in San Francisco, the company has landed $50 million in funding from Lux Capital.

To help healthcare workers engage in work opportunities, ConnectRN takes an employer-centric approach by providing nurses with access to diverse work settings. They also provide essential resources for building careers, including mental health support and financial planning. ConnectRN continues to grow with $161.3 million in funding over 10 rounds.

Kiroku was founded by a dentist and a machine-learning engineer in 2017. They address the challenge of healthcare professionals spending excessive time on administrative tasks, particularly clinical note-writing. Kiroku streamlines record-keeping through personalized workflows and AI suggestions, allowing professionals to prioritize patient care. Kiroku also offers Dental AI to revolutionize the management of treatment notes and empower the healthcare team. Since its establishment, Kiroku has raised a total of £305K in funding.

Healthcare needs a management system to overcome the rush, wait times, and patient care. Tiger Connect does this for healthcare communication by optimizing clinical workflows and enhancing patient outcomes. Their Clinical Collaboration Platform also helps care teams with instant access to patient data, reducing physician time. Founded in 2010, TigerConnect has raised $433.9M in funding over 7 rounds.

Focusing on behavioral healthcare, SonderMind connects with licensed and specialized therapists and psychiatrists and ensures personalized support for various mental health needs across all age groups. Their platform offers both online and in-person sessions, enabling users to schedule appointments within an average of one week. With its patient-centered model and affordability, SonderMind has a valuation of $1.4 billion.

Established in New York, firsthand is a health and technology company on a mission to revolutionize care and support for people facing serious mental illness (SMI). Often, people enrolled in Medicaid living with SMI encounter barriers to the care and resources they require for optimal living. Drawing from the lived experiences of its team members who understand the challenges of SMI firsthand, have created a platform to reshape the landscape for accessibility and equity. Google Ventures recently invested $28 million in the mental health startup.

firsthand Health Inc

Covera Health collaborates with providers, health plans, and employers to offer quality insights that span the entire healthcare journey – from diagnosis to ongoing care. They have integrated AI-powered clinical-grade insights into the healthcare ecosystem in the hopes of reducing misdiagnosis. In their most recent Series C funding, they landed $25 million.

Clue, a prominent player in health and technology, offers a platform tailored to women's health and well-being. With a user base of 11 million monthly active users and millions of monthly article readers, they stand as a trusted platform for tracking menstrual cycles, ovulation, and PMS symptoms. The platform's commitment to user privacy is also evident, focusing on safeguarding private health data and offering users full control over their data management. Clue has raised a total of $55.5M in funding over 11 rounds with prominent venture capitals like Balderton Capital and Union Square Ventures.

Cerebral is a dynamic player in the health tech realm with their online platform that offers personalized care that matches individuals with credentialed therapists or prescribers based on their needs. The platform's interface allows the scheduling of sessions and promotes a sense of ongoing support and progress tracking. The company currently holds a valuation of $4.8 billion.

As a response to the need to deviate from the traditional health model amid the Covid-19 pandemic, Medallion helps healthcare operation leaders license telehealth providers across different states. They do so by providing tailored workflows to various stakeholders, enhancing staff efficiency, evaluating operational performance, and ensuring long-term risk management. Their platform caters to diverse healthcare entities, including digital health, payers, health systems, and provider groups. Founded in 2020 by Derek Lo, Medallion raised a preemptive $35 million Series C co-led by Spark Capital and GV.

With the price of pharmaceutical drugs soaring, Lyfegen has created solutions for medical pricing agreements. They have a library of hundreds of agreements from global healthcare payers and pharmaceutical companies in which Lyfegen’s clients can discover pricing models that align with their data. By facilitating transparency and comparing drug pricing models, Lyfegen ensures healthcare decision-makers find the most suitable pricing strategies while staying updated on the latest value-based agreements. They secured $8 million in funding with their value-based model.

By fusing extensive clinical expertise, algorithms, and the industry's patient-encounter data, Komodo Health crafts the Healthcare Map – an intricate depiction of the U.S. healthcare system. Building upon this foundation, they offer a suite of potent software applications designed to empower healthcare professionals with insights and capabilities. Emerging from San Francisco, the company was valued at $3.3 billion as of 2021.

Founded in 2016 in Berlin, FEMNA is a transformative platform catering to women's health education and therapy needs. They offer a blend of learning programs and individual consultations that empower women on their health journeys. In addition to these, they also offer an endometriosis program, a tailored initiative designed to help women navigate endometriosis. By bridging the gap between information and empowerment, FEMNA addresses the needs of women with a focus on holistic well-being.

Femna Health

Positioned at the forefront of biotechnology's digital evolution, Verge has fused health and tech to reshape drug discovery. Unlike traditional methods, Verge deciphers complex diseases, creating novel drug candidates directly from human tissue data. Their revolutionary approach, eliminating animal models, has led to breakthroughs like VRG50635, a potential ALS treatment. Collaborating with industry leaders, Verge pioneers a new biotech culture while redefining the future of medicine. Established in 2015, the company has a valuation in the range of $100 to $500 million.

Founded in 2021 in New York, CertifyOS is reshaping healthcare with an innovative provider intelligence platform, driven by API integrations and verified data. Empowering clinicians and organizations, they streamline credentialing, licensing, and enrollment processes, all while reducing administrative burdens. Backed by experienced professionals and top-tier VC firms, CertifyOS aims to revolutionize the healthcare landscape by harnessing the power of provider intelligence. Most recently, the company raised $14.5 million in funding led by General Catalyst.

Rightway addresses the complexities of the healthcare system by combining the prowess of human expertise with data-driven insights. The company tackles substantial healthcare spending categories – hospital care, clinical services, and prescription drugs. Their focus on human-centric interaction ensures members always work closely with experts, creating an optimal healthcare journey. Additionally, Rightway's realigned Pharmacy Benefit Management (PBM) strategy unlocks trapped margins, delivering substantial savings to plan sponsors and members. Founded in 2017, the company has a valuation of $1.1 billion.

Founded in 2012, Peloton's journey started with a mission to bring boutique fitness to homes, making it accessible and convenient. Using technology, content, and expert instructors, Peloton's platform promotes a fitness community that transforms individual lives while addressing environmental challenges by reducing the need for commuting to gyms. With over 6.8 million members, Peloton's impact is a prime example of how HealthTech can seamlessly blend wellness, technology, and environmental consciousness. The company has a valuation of $4.19 billion.

Peloton

Deep 6 AI leads in precision research software, uniting stakeholders in a real-time, AI-powered ecosystem. Their approach accelerates clinical trials by instantly pinpointing eligible patients from vast records, eliminating the manual work. This AI-driven innovation transforms clinical trials, accelerating novel therapies to market and targeting underrepresented populations. Established in California, the company has raised a total of $17.6M in funding.

Veeva's industry cloud solutions revolutionize life sciences, covering critical functions like clinical, regulatory, quality, safety, medical, and commercial functions. Veeva's technology streamlines processes from research and development to commercialization. Founded by CEO Peter Gassner in 2007, Veeva's pioneering approach accelerates product launches and boosts efficiency, ensuring compliance for over 1,000 life sciences companies worldwide. The company has a valuation of around $27 billion.

Around one in six people experience mental health problems in the workplace. Unmind’s science-based platform unites people in creating mentally healthy workplaces. Founded by Dr. Nick Taylor and Steve Peralta, have collaborated with global giants like Uber and Disney to empower millions of individuals. Raising $47 million in its most recent funding round, the company leads the way in data-led well-being strategies that make a difference in individuals' lives and businesses' success.

Founded in San Francisco in 2015, CareRev provides a platform for healthcare staffing by eliminating the need for staffing agencies and contracts. Healthcare professionals gain control over their schedules by booking flexible shifts via the CareRev app, while healthcare facilities efficiently fill staffing gaps based on patient demand. CareRev has raised $50 million in its latest Series A funding round in 2021.

Pando is a leading clinical messaging service in the UK with over 90,000 clinicians. Their platform offers a secure, user-friendly interface that helps with patient updates and sharing information. Connecting a diverse array of healthcare professionals enhances decision-making and information flow. Their platform is being used in 200 NHS hospitals, which also surged in downloads during the Covid-19 pandemic. Launched in 2016 in London, they secured £3.79 million Series A investment led by Skip Capital in 2020.

Fastic is a health-tech company that promotes well-being through intermittent fasting and holistic health. With a mission to foster awareness and holistic changes for better lives, they offer a personalized approach to well-being. Co-founders Phil and Sebastian embody the global impact of well-being, while Fastic's app provides reliable information and easy accessibility, revolutionizing health journeys. The Berlin-based company gained recognition as demand for the app increased due to the lockdown during the Covid19 pandemic.

Clinical trials are important in the medical field that helps prevent, detect, and treat disease. Medable runs the entire process of increasing participant engagement and generating high-quality evidence. Tools like remote scheduling and consent management also accelerate study initiation to ensure a smooth and efficient start. Notably, their focus on environmental challenges is also evident in their remote data collection capabilities, reducing the need for participants to travel, thus contributing to a greener approach to clinical trials. Medable reached a $2.1 billion valuation with its most recent round of $304 million in funding.

Krew redefines digital fitness as a live streaming platform for fitness and health, powered by motion-tracking AI and a vibrant community of trainers and professionals. A standout innovation from Krew is their recently unveiled watch party feature, aimed at mitigating the feelings of isolation many athletes faced during the pandemic. Krew's CEO and co-founder, José Martín Quesada, envisions a fitness community without barriers, providing an accessible and communal experience regardless of their hardware or fitness levels. With $1.8 million raised in a pre-seed round, Krew is poised to expand its range of content.

Tucuvi has created a healthcare system with empathic AI to revolutionize medical phone conversations, bridging the gap between healthcare professionals and patients. By automating routine tasks and adhering to evidence-based clinical protocols, they alleviate the burden on healthcare teams while ensuring high-value care. Their approach transforms patient monitoring, letting practitioners manage acute and chronic conditions at home, from continuous monitoring to post-surgery follow-ups. They closed an investment round of €160,000 led by Bolsa Social Fund during the Covid-19 pandemic.

Conclusion

It is the year 2020. Your daughter has a high fever. It might be Covid-19, but you cannot leave your house. Who do you call? You have a chronic illness. Conventional treatments refuse to work. Who do you call? You are a single mother. You need to pick the kids up from school and attend chemotherapy. Who do you call? You are 80 years old. You live alone. You cannot remember when to take medicines. Who do you call?

This is where healthtech enters our lives. When the fear of losing a loved one is not quelled by public health systems that are already overwhelmed, technology gives us hope. Overlooking a rise in hypochondriacs prone to excessive monitoring and startups’ infamous lust for profit, the future of healthtech is accessible, inclusive, and innovative.

From telehealth for transgender people to artificial intelligence inventing medicine, healthtech has much to offer. Aside from being an incredibly profitable industry, healthtech and medtech are the future of medicine. People are beginning to rely on technology for the simplest of things. Why should medicine fall behind?

Kriti Swarup
Kriti Swarup
Content Writer at TechNews180
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