Editor’s Note: This roundup is meant to highlight some of the most notable funding rounds of the month and is not intended to be comprehensive.
Health tech companies made several major funding announcements in February. Here is a list of some of the biggest funding rounds.
Talkiatry secures $210 million in Series D funding
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New York City-based Talkiatry offers online psychiatric and therapy services for children and adults. It treats patients with ADHD, anxiety, bipolar disorder, depression and several other conditions.
The Series D round was led by Perceptive Advisors and included participation from Andreessen Horowitz, blisce/, Sofina and Left Lane Capital. In total, Talkiatry has raised more than $400 million. With the funding, the company will invest in its technology and expansion “across the acuity spectrum,” according to the announcement.
Honest Health pulls $140 million in funding
Nashville-based Honest Health is a value-based care enablement company that works with health systems and providers. It provides actionable insights, operational support and takes shared accountability in care models.
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The funding was led by NewSpring Healthcare, with participation from K2 HealthVentures, Rubicon Founders, Oak HC/FT, Welsh, Carson, Anderson & Stowe (WCAS) and Durable Capital Partners. It will help the company expand into new markets and form new partnerships with health systems, providers and payers.
Solace raises $130 million in Series C funding
Solace, based in Redwood, California, connects patients with healthcare advocates to help them navigate the healthcare system. The advocates help coordinate appointments, manage treatment plans and ensure patients get the care they need. The company serves Medicare and Medicare Advantage members.
The Series C round was led by IVP, with participation from Menlo Ventures, SignalFire, Torch Capital, Inspired Capital and RiverPark Ventures. The financing will be used to expand its network of advocates, as well as to invest in its platform and clinical research.
Garner Health rakes in $118 million in Series D funding
Garner Health is a digital platform that has a claims database with over 60 billion medical records to help identify and connect patients with the best doctors in their network. When patients use Garner to connect with a top-performing provider, the company reimburses them for their out-of-pocket medical costs, including copays, office visits, medical tests and surgeries.
The company’s Series D round was led by Kleiner Perkins with participation from Redpoint, Maverick, Kaiser Permanente Ventures, Mercy and Plus Capital. It brings Garner’s total funding to about $200 million. The financing will be used to expand Garner’s doctor ranking platform, scale its navigation capabilities and grow its team.
Midi Health raises $100 million in Series D funding
Palo Alto, California-based Midi Health is a virtual clinic for women ages 35 to 65 and supports them during the perimenopause and menopause stages. The company treats women for mental health challenges, body changes, hot flashes, sleep problems and painful sex, among other conditions. It offers medications, supplements, lifestyle coaching and 24/7 messaging.
Midi Health’s Series D round was led by Goodwater Capital and included participation from Foresite Capital, Serena Ventures, Advance Venture Partners, GV (Google Ventures), Emerson Collective, SemperVirens and McKesson Ventures. The company is now valued at over $1 billion.
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