digital health funding
DarioHealth buys into MSK with Upright Technologies acquisition and announces $70M private placement
The $31 million purchase will add new capabilities to DarioHealth's condition management and behavior change platform.
Threshold Ventures led the round with participation from Forerunner Ventures and Redesign Health.
The startup's app prices care using cash rates, while letting its members choose their preferred care by comparing the costs of their local providers.
The New York-based company also announced the launch of a pediatric care offering for children ages 3-17.
Also: NeuroFlow's $20 million Series B, and the launch of two new health tech investment funds.
The firm's year-end funding report reaffirmed 2020 as a breakout year totaling $14.1 billion in digital health fundings.
The digital MSK health company said that it tripled its customer base and quadrupled its revenue in 2020.
While equity investments in telemedicine rose 139% to $4.3 billion, other areas like data analytics and mobile health apps also earned strong support from investors.
The SaaS company specializes in reputation management and targeted marketing for doctors, practices and healthcare organizations.
The nearly 20-year-old brand started as an online hub for providers, but now hosts consumer-facing resources and in-person health clinics.