unicorn

Solace Health Reaches Unicorn Status by Taking the ‘Homework’ Out of Care Navigation

Health advocate network Solace Health gained unicorn status after closing a $130 million Series C funding round. The startup’s advocates help with tasks like scheduling appointments, finding in-network providers, understanding insurance coverage and bills, and coordinating care across multiple clinicians. And they actually handle much of the work on a patient’s behalf, rather than simply telling patients what steps to take next.

By Katie Adams

Stacks on US $100 bill bundles in ascending order on white shelf, green background

Thunderstruck By OpenEvidence’s $12B Valuation? Don’t Be.

OpenEvidence’s $12 billion valuation reflects investor confidence in its bottom-up, doctor-first model. It has driven rapid adoption, with more than 757,000 clinicians using the startup’s free AI medical search tool regularly. That scale is paired with targeted pharmaceutical advertising that’s already pushed the company past a $100 million revenue run rate.

By Katie Adams

Health Tech, Startups, Consumer / Employer, Providers

A hand holding a magnifying glass over a blue unicorn on pink background.

Digital Health’s Latest Unicorn: Why Investors Are Backing Midi’s Model for Women’s Health

Virtual women’s health provider Midi Health has reached unicorn status after raising a $100 million Series D, with investors backing its insurance-covered, direct-to-consumer model. The company is positioning itself as a long-term, virtual “hospital without walls” designed to meet women’s health needs across midlife and beyond.

By Katie Adams

Health Tech

Function Health Hits $2.5B Valuation With $298M Series B

Function Health raised a $298 million Series B round, pushing its valuation into unicorn territory at $2.5 billion. The Austin-based startup offers subscribers access to more than 160 lab tests, as well as imaging.

By Katie Adams

Health Tech

Ambience Healthcare Gains Unicorn Status & Snags $243M

Ambience Healthcare closed a $243 million Series C funding round, bringing its valuation to $1.25 billion. The startup, which offers an AI-powered platform for clinical documentation and coding, aims to reduce clinician burnout by automating time-consuming administrative tasks across a wide range of specialties.

By Katie Adams

Health Tech

Headway Raises $125M, Reaches Unicorn Status

Headway closed a $125 million Series C funding round. The round brings the New York-based startup’s valuation to $1 billion, reaching unicorn status. The company connects patients to in-network therapists and helps mental health providers avoid the massive administrative burden associated with taking insurance.

By Katie Adams

Health Tech

Q4 Was Digital Health’s Worst Quarter for Funding in 5 Years

Digital health's investment slowdown is so severe that the fourth quarter of 2022 marked the lowest quarterly digital health funding total in the past five years, according to new report. Q4 was also the first quarter with no new unicorn births since 2018.

By Katie Adams

Health Tech

Why 1 VC is Fed Up with the Concept of Digital Health Unicorns

There are currently 97 global digital health companies that are considered unicorns. But getting caught up with the idea of digital health unicorns isn’t very sustainable, according to Emilly Melton, managing partner at Threshold Ventures. Instead of focusing too much on their valuations, she recommended that startups simply focus on getting the capital they need in order to reach the next stage of inflection.

By Katie Adams

Health Tech, Health IT, Telemedicine

Maven Clinic raises $110M, achieves unicorn status

The company, which provides telemedicine and digital programs focused on maternal health, will use the funds raised to expand its services to new populations, including international patients and Medicaid members.

By Anuja Vaidya

Health IT, Startups

Innovaccer gains unicorn status, plans to launch cloud platform

The health technology company's valuation skyrocketed to $1.3 billion following its latest funding round. It plans to use the new funds to launch Innovaccer Health Cloud, which will aggregate and normalize data from different systems and support the development of interoperable apps.

By Anuja Vaidya

The Power of One: Redefining Healthcare with an AI-Driven Unified Platform

In a landscape where complexity has long been the norm, the power of one lies not just in unification, but in intelligence and automation.

By David Cohen, Chief Product & Technology Officer, Greenway Health

Payers, Health Tech

Insurtech startup Sidecar Health’s valuation hits $1B

The newly crowned unicorn's insurance product enables members to shop for medical services and pay directly for care. The company raised $125 million in a recent funding round, boosting its valuation, which it will use to increase its footprint and launch new products.

By Anuja Vaidya

Health IT

With $100M fundraise, Health Catalyst hits $1B valuation

Through the round led by OrbiMed, the Salt Lake City data analytics company has become a healthcare unicorn.

By Erin Dietsche

Devices & Diagnostics

Butterfly Network wants to do to ultrasound what digital cameras did to Kodak film

As of late October, healthcare's newest unicorn - Butterfly Network - has begun shipping its ultrasound-on-a-chip system that a senior executive believes will alter the field of ultrasound forever.

By Arundhati Parmar

Startups, Health IT

Outcome Health: The fall of a healthcare unicorn and the road ahead

Here's how the Chicago startup that raised $500 million and accorded unicorn status stumbled amidst charges of deception, and what the task ahead is for its newly-appointed CEO from the advertising world.

By Erin Dietsche

Patient Engagement

Outcome Health lawsuit casts shadow on $500M Series A round

In a statement, the cofounders of Outcome Health contended that the equity investors led by Goldman Sachs are misusing the court system,

By Stephanie Baum