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Particle Health data-sharing platform lands $25 million plus digital health funding



Particle Health data-sharing platform lands $25 million plus digital health funding

Data-sharing platform Particle Health announced this week that it has raised $25 million in funding, about two years after a $12 million Series A round.

The startup said the increase brings its total funding pool to $39.3 million. The round was led by Canvas Ventures with participation from Menlo Ventures, Story Ventures and Pruven Capital.

Particle offers an API platform that aggregates and standardizes patient medical record data for provider organizations, pharmacies, and virtual care companies.

“Particle Health was founded on a mission to fundamentally change lives through access to vital medical data. From day one, we have established ourselves as an industry leader that standardizes records, identifies key information and focuses on patient attributes, leading to a more clinically relevant decision. doing,” CEO and co-founder Troy Bannister said in a statement.

“With this latest round of funding, our team looks forward to further building the capabilities of our API platform to provide our users with even more meaningful and usable data.”

EHR maker Canvas Medical raised $24 million in a Series B funding round led by M13.

Other participants in the relaunch include Haystack and former investors Inspired Capital, IA Ventures, Upfront Ventures and Irongrey. The startup raised $17 million in 2021 and $3 million in 2018. In addition to the funding, Canvas also announced that it has received certification from the Office of the National Coordinator for Health Information Technology.

“We are delighted to be leading Series B at Canvas Medical,” M13’s Latif Peracha said in a statement. “Canvas serves digitally enabled care delivery companies and fosters collaboration between developers and healthcare professionals to design and implement better models of care for patients. Canvas is building the enabling infrastructure to power the entire digital health market. and we believe that they will win by leading the competition between services and applications that affect the final patient.”

Moving Analytics’ Virtual Cardiovascular Rehabilitation Program announced this week that it has secured $20 million in Tier A funding.

The round was led by Wellington Access Ventures and Seae Ventures with participation from Philips Ventures, SteelSky Ventures, Aphelion Capital, Nueterra Capital and Citi Ventures. Series A brings the total raise in Moving Analytics to $30 million.

The startup will use the investment to hire new staff, expand its provider network to serve patients in all 50 states, ensure its programs meet the needs of women and minority patients, and lobby for greater awareness of virtual rehab. .

Pediatric virtual behavioral health company Brightline added an additional $10 million to its Series C round, bringing the total to $115 million.

The strategic investment and partnership with New York-based Northwell Health will allow the startup to coordinate with specialty care partners, add interactive content, expand teen services and add employee benefits.

“Pediatric behavioral health has been declared a national crisis, and the demand for services is experienced across the health care landscape,” Dr. Victor Fornari, vice president and director of child and adolescent psychiatry at Northwell Health, said in a statement. . “At Northwell, the demand for services has been immense and we look forward to partnering with the Brightline team to expand access to services through technology, virtual support and education.”

Virtual eating disorder treatment startup Arise has secured more than $4 million in seed funding.

The seed was led by Greycroft and BBG Ventures and included participation from Wireframe Ventures, Cityblock co-founder Iyah Romm, Sonder Health founder Dr. Sylvia Romm, and PatientPing founder Jay Desai.

The startup plans to offer a community care beta program in late summer, with its comprehensive care model with clinical services launching in the fall.

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