Lifebit scores $60M for genomics knowledge startup and different digital well being fundings

London-based genomic knowledge startup Lifebit introduced it had raised $60 million in a Collection B funding spherical.

Tiger World Administration led the spherical with participation from current buyers Eurazeo, Pentech Ventures and Beacon Capital.

The corporate stated it would use the capital to broaden worldwide and pace up the expansion of its worker base. 

“We imagine all biomedical knowledge that can be utilized to avoid wasting lives ought to be used. Individuals are dying due to how this knowledge is being dealt with, and making distributed highly-sensitive biomedical knowledge usable whereas holding it safe in-place and mixing it with different knowledge has by no means been attainable. Till now,” CEO Dr. Maria Chatzou Dunford stated in an announcement.

“It’s nice to see how excited our buyers are to assist our mission and our first-of-its-kind transformative know-how. With this new strategic backing, we are going to proceed to broaden our world presence, with a selected concentrate on buyer success and accelerating the expansion of our crew.”

TailorMed, maker of a platform for healthcare suppliers to handle their funds, test well being plans and estimate out-of-pocket prices for uninsured sufferers, introduced it had prolonged a funding spherical, bringing its elevate to $25 million.

Traders embrace the American Most cancers Society’s influence funding fund, BrightEdge, OSF Ventures, Citi Influence Fund and Sanara Capital.

The corporate stated it would use the inflow of money to broaden its attain throughout the healthcare business. TailorMed presently works with doctor practices, specialty clinics and well being programs, and has been rising its use in pharmacies this yr.

“At OSF, we’ve embraced innovation to deal with a number of the greatest challenges in healthcare, together with entry and affordability, whatever the affected person’s medical situation,” Mayank Taneja, OSF Ventures’ director of Enterprise Investments, stated in an announcement.

“As the price of look after a number of continual situations continues to rise, TailorMed’s complete platform will allow healthcare organizations to achieve, fund and supply look after extra sufferers who in any other case wouldn’t have been in a position to afford it and helps navigators be extra proactive in reaching sufferers initially of their remedy planning with their care crew.”

London-based Heydoc, a scientific workflow instrument and EHR, has closed an $8.3 million Collection A financing spherical.

The spherical was led by Smedvig Capital with participation from current buyers Hambro Perks, Triple Level Ventures and InHealth Ventures.

The brand new funds will go in the direction of growth within the U.Okay. and internationally, in addition to rent new crew members. Heydoc stated the money brings the corporate’s complete elevate to $12 million.

“We’re very excited to have Smedvig Capital as a accomplice on this new chapter of our journey. This new elevate will assist us speed up our progress within the U.Okay., concentrate on our product and broaden its capabilities, in addition to go after worldwide markets.

“Innovating and contributing to a remodeling healthcare business, profoundly impacted by regulatory modifications, new affected person expectations and a worldwide pandemic, [are] each fascinating and rewarding. There may be a lot to be finished on this business, and Heydoc is barely scratching the floor,” cofounder and CEO Christoph Lippuner stated in an announcement.

Body Health, maker of a linked Pilates reformer that shall be obtainable for presale subsequent month, raised $5 million in a seed funding spherical.

Main buyers within the seed spherical embrace 24 Hour Health founder Mark Mastrov, Crunch Health Worldwide CEO Jim Rowley, Core Well being and Health CEO Michael Bruno and Motion Gaming founder Ernie Moody.

“Body is the evolution of Pilates, breaking away from outdated reformers which might be designed for industrial use with the necessity to have an teacher current,” Body cofounder Melissa Bentivoglio stated in an announcement. “We’re thrilled to supply this one-of-kind, at-home exercise expertise for customers of all ages, physique sorts and health ranges.”

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