PBM Capital Rx raises $106M; Digital surgical procedure platform Proximie scores $80M

Pharmacy profit supervisor Capital Rx raised $106 million in a Collection C funding spherical led by B Capital. The spherical included participation from Common Catalyst and current traders Transformation Capital and Edison Companions. Capital Rx stated its complete funding pot now totals $175 million.

The corporate provides the JUDI platform, pharmacy advantages software program that features instruments for constructing and implementing plans, adjudicating claims, exchanging information, prior authorization, and billing. 

“Capital Rx has the clearest imaginative and prescient we have seen out there for the best way to rework the infrastructure of healthcare to allow higher care at a decrease price,” Dr. Robert Mittendorff, common accomplice at B Capital, stated in an announcement. As a part of the funding, Mittendorff will be part of Capital Rx’s board of administrators.

“AJ and workforce have made unimaginable progress in modernizing and unifying the working platform for prescription drug pricing and supply, displaying trade companions, employers and American customers {that a} new stage of care supply and affected person expertise is feasible for prescription drug entry and pricing.”

Digital surgical procedure platform Proximie introduced Tuesday it had raised $80 million in Collection C financing.

The spherical was led by Introduction Life Sciences with participation from new traders Emerson Collective, SoftBank Imaginative and prescient Fund 2, British Affected person Capital, Mubadala Funding Firm and the Minderoo Basis. Present traders F-Prime Capital, Eight Roads, Questa Capital, International Ventures and Maverick Ventures additionally participated.

The most recent increase brings the corporate’s complete funding to $130 million. Proximie most lately introduced a $38 million Collection B in April 2021. 

The startup makes use of augmented actuality expertise to permit clinicians to remotely attend and take part in surgical procedures. Knowledge from these procedures could be recorded and analyzed later with a watch towards bettering outcomes. The funding will go towards growing and scaling its platform.

“Our imaginative and prescient is to democratize surgical procedure by means of higher information by connecting each OR and cath lab on the planet,” CEO and founder Dr. Nadine Hachach-Haram stated in an announcement.

“We started this journey enabling surgeons to nearly be part of any OR. Now, we’re utilizing this functionality to digitize the working room, bringing sufferers the collective experience of the very best surgeons on the planet – the place information collected and shared on Proximie might help them obtain life-saving care, irrespective of the place they dwell.”

Digital pathology firm Proscia introduced Tuesday it scooped up $37 million in Collection C financing. 

The spherical consists of participation from Highline Capital Administration, Triangle Peak Companions and Alpha Intelligence Capital, in addition to current traders, together with Scale Enterprise Companions, Hitachi Ventures, ROBO International, Emerald Growth Managers and Razor’s Edge Ventures. 

Proscia stated the funding brings its complete increase to $72 million, constructing on a $23 million Collection B spherical from 2020. It plans to make use of the funds to construct its business operations, together with by hiring for gross sales, advertising and marketing and assist groups, in addition to including distribution partnerships. 

“Pathology deserves the identical revolutionary expertise that has remodeled the remainder of drugs and our lives,” CEO David West stated in an announcement. “Our Collection C will allow us to proceed delivering this innovation to the scientists and pathologists who’re utilizing it to enhance affected person outcomes. We’re thrilled to accomplice with unimaginable traders who consider deeply in our mission as we take the following step in our journey.”

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