Health

Pager raises $70M for care coordination; Nomad scores $63M and extra digital well being fundings



Digital care collaboration and navigation software Pager introduced it raised $70 million in an fairness and debt financing spherical. The Collection C spherical was led by Susquehanna Personal Fairness Investments. Silicon Valley Financial institution offered debt financing. 

Pager mentioned the capital might be used to extend the platform’s capability, make enhancements and increase to new markets worldwide, together with ones in the U.S. and Latin America.

“The COVID-19 pandemic has been a catalyst for accelerated development of digital care options and has sparked a rising demand for well being plans and well being methods to supply confirmed, next-generation digital well being platforms like Pager.

“Our newest fundraising spherical additional validates the significant worth that digital care offers and the way we enhance care entry and well being outcomes whereas reducing prices,” CEO and chairman Walter Jin mentioned in an announcement.

“Pager’s speedy development to greater than 15 million members underneath contract, together with the execution of our largest funding spherical so far, is proof that our platform is efficiently addressing consumer and shopper wants within the evolving healthcare market.”

In March 2020, Pager raised one other $33 million in fairness and debt financing. The corporate mentioned its complete elevate was $120 million. 


Nomad Well being, a web-based job portal for momentary healthcare staff, raised $63 million in new fairness and debt financing. Nomad mentioned the funds might be used to rent extra staff, spend money on its platform and develop nationally.

Adams Avenue Companions led the spherical with participation from present buyers together with Icon Ventures, Polaris Companions, RRE Ventures, .406 Ventures, First Spherical Capital and Silicon Valley Financial institution.

The corporate additionally introduced two hires for its government group. Kim Howard will function chief consumer officer, and Jeff Simon joins as vp of product. Howard got here to Nomad from healthcare staffing agency AMN Healthcare, and Simon most lately labored at Certainly.

Staffing shortages have plagued some hospitals through the COVID-19 pandemic, growing the value of journey nurses. In early September, the American Nurses Affiliation despatched a letter to HHS asking the company to declare the nursing scarcity a nationwide disaster. 

Nomad mentioned the transactions on its market have grown sevenfold for the reason that starting of the pandemic in February 2020. 

“Our work has by no means felt extra vital or extra rewarding,” CEO and cofounder Dr. Alexi Gharib Nazem mentioned in an announcement.

“Because the starting of the pandemic, Nomad has been capable of transfer at lightning pace to attach clinicians with hospitals that desperately want workers. In that point, Nomad has despatched clinicians to care for over a million sufferers in all 50 states. We’re actually fulfilling our mission of eradicating the obstacles between suppliers and their sufferers.”


Digital obsessive-compulsive dysfunction therapy NOCD closed a $33 million Collection B funding spherical Tuesday. 

The spherical was led by F-Prime Capital with participation from Eight Roads Ventures and Kaiser Permanente Ventures, together with present buyers together with 7wireVentures, Well being Enterprise Companions (HEP) and Chicago Ventures.

The corporate will use the cash to increase its person base, attain individuals who want therapy earlier and add further providers to deal with different circumstances and temper issues that usually happen with OCD.  Its work with Eight Roads Ventures will assist NOCD increase its presence overseas. 

“The behavioral well being therapy system wants a brand new digital entrance door that meets the wants of shoppers with extreme circumstances on their phrases, the place they’re. Telehealth is a crucial resolution for folks that don’t really feel snug in search of therapy for stigmatized points exterior of their house. NOCD affords a frictionless, efficient remedy expertise that addresses their unmet wants and helps them regain hope in life,” Stephen Smith, CEO and founding father of NOCD, mentioned in an announcement. 

NOCD closed a $4 million Collection A in 2019 and $1 million in seed funding in 2018. 


Interactive health and movement leisure startup NEX raised $25 million in Collection B funding and launched its Lively Arcade app, a group of cellular movement video games. 

The spherical was led by Blue Pool Capital and Samsung Ventures. Different buyers embody actor Simu Liu, soccer coach and former participant Thierry Henry, Los Angeles Dodger Albert Pujols, the WNBA’s Sabrina Ionescu, YouTube cofounder Steven Chen and WordPress cofounder Matt Mullenweg in addition to SparkLabs International Capital and Hyphen Capital.

“A pandemic drew much more consideration to the already enormous and rising downside of extra sedentary existence internationally,” David Lee, CEO and cofounder of NEX, advised TechCrunch.

“Having enjoyable whereas transferring is among the purest definitions of play. However not like the previous days, the usual of engagement for energetic play have to be on par with the very best video video games. It was obvious to us that accessible motion-based leisure was the reply to a worldwide want for extra bodily exercise.”


Pearl Well being, which goals to assist main care suppliers achieve Medicare’s Direct Contracting pay mannequin, introduced it had raised $18 million in Collection A funding.

The spherical was led by Vineeta Agarwala at Andreessen Horowitz with participation from AlleyCorp and Kevin Ryan.

“At Pearl, we’re targeted on every particular person doctor and the way we will empower them to care for his or her sufferers extra immediately and effectively. We’re beginning in Medicare, producing a easy per-member-per-month cost construction for every of our Accomplice Medical doctors to free them to prioritize prevention, and concentrate on the sufferers that want care at every second in time,” wrote CEO Michael Kopko in a weblog submit on the funding announcement.

“This construction additionally reorients our doctor companions round a win-win-win alternative for sufferers, physicians and our healthcare system: They obtain financial savings proportional to their particular person efficiency, if they’ll enhance well being outcomes and effectively handle a worldwide finances for the care of their sufferers.”


Chapter, which helps beneficiaries select and enroll in Medicare plans, introduced it had raised $17 million in a Collection A funding spherical.

The spherical was led by Narya Capital with participation from Susa Ventures, Maverick Ventures, XYZ Enterprise Capital, Core Innovation Capital and Health2047 Capital Companions. Billionaire investor Peter Thiel joined the corporate’s board of administrators. 

The corporate will use the funds to hurry product improvement, rent engineers and advisors, and proceed investing in its platform. 

“Most Individuals navigate Medicare alone or unintentionally use sources that restrict their choices. Medicare protection is simply too vital to get fallacious: Signing up too late may end up in lifetime penalties. Moreover, plans have such vital variations in advantages and premiums that it’s crucial to go looking each single choice.

“Not like conventional sources, Chapter searches each plan at a singular degree of granularity. Consequently, we assist our members save 1000’s of {dollars} to allow them to retire on their very own phrases,” Chapter CEO Cobi Blumenfeld-Gantz mentioned in an announcement.


Seven Starling, a platform that gives instructional content material, group assist and entry to doulas throughout being pregnant and early parenthood, introduced its launch with $2.9 million in seed funding.

The spherical was led by Pear VC, Expa and Enlarge Ventures.

“Our aim is for fogeys to really feel empowered throughout being pregnant and early parenthood. New and expectant dad and mom usually really feel remoted and overwhelmed, much more so through the pandemic. Seven Starling affords dad and mom entry to doulas and friends who shortly turn out to be invaluable companions within the being pregnant and parenting journey. The outcomes are extra significant connections and higher maternal well being outcomes,” Tina Beilinson, CEO and cofounder of Seven Starling, mentioned in an announcement.



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