Finance
Also: Autism-focused SpectrumAi and cancer clinical trial platform Massive Bio both scooped up $9 million.
Also, Birmingham Community Healthcare Trust launches new patient portal.
The consumer genetics company reported full-year revenue came to $272 million, an 11% increase compared with the prior year.
Also: Pear Therapeutics reported $2.7 million in revenue for its first quarter compared with $1.3 million in Q4 2021.
Weldon offers chats with therapists, social workers and parenting coaches as well as group support and educational content.
Also: Baby tech company Owlet and diagnostics-focused Cue Health plan on submitting for regulatory clearances this year.
Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.
The size of the healthcare industry is attractive to entrepreneurs, but the highly regulated field can be a challenge for startups.
Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.
The completed deal comes weeks after LetsGetChecked announced its intent to acquire Veritas Genetics and Veritas Intercontinental.