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Private Healthcare Companies on the lookout

Private Healthcare Companies on the lookout
November 4, 2020

It’s no surprise that healthcare is on the mind of most of us, given we are living in a pandemic. It’s also on the mind of investors too as a flurry of healthcare companies have thrived in 2020. 

Many healthcare-related companies have gone public this year. 

But the private healthcare companies are thriving as well. According to PrivCo data, not surprisingly, Q2 and Q3 investments were roughly $8.5BN each quarter and Q4 investment is reaching 4x the amount of Q1 at roughly $1.4BN.

Here’s our list of some healthcare companies on the rise. 

Accessible Women Healthcare
Nurx is a women’s health startup that seeks to make birth control more accessible. It was founded in 2015 by Edvard Engesaeth and Hans Gangeskar in San Francisco, California. It has raised 6 rounds of funding with its latest round in August this year for $22.5MM. According to the company, it now serves 325,000 patients on a monthly basis.

Disrupting Dental Health
Membersy is a digital health company that provides dental practices with membership programs to make dental care more approachable. It was founded in 2015 by Eric Johnson in Austin, Texas. This disruptor has received $20MM from New York-based equity firm Bregal Sagemont last year in August and even bought out its competition CDI Group in March this year. 

Preventing Diabetes
Omada Health operates as a digital healthcare provider that helps with preventative care by partnering with employers, health plans, and health systems to prevent diseases like diabetes before individuals become high risk. Its diabetes prevention program is said to be the largest with over 85,000 users. It raised $57MM in funding in May 2020. The company was founded in 2011 by Adrian James, Andrew Di Michele, and Sean Duffy and maintains headquarters in San Francisco, California.

SaaS for Company Health Insurance
Collective Health streamlines insurance policies for corporations, making it easier for employees from companies to take up health insurance with less investment required on the company side. The company was founded by Ali Diab and Rajai Batniji in 2013 and is based in San Mateo, California. The company has had 5 rounds of funding with its latest Series E funding in June 2019 totaling $205MM. 

Remote Care
Vida Health is a digital health platform that connects patients to life coaches, therapists, and dieticians and has thrived during the pandemic for being able to provide remote care, especially for mental health. It has partnered with enterprises as a part of a company’s health care benefits. The company has 4 rounds of funding with the last received in May this year totaling $25MM.

Digitalization for Pharmacies 
Digital Pharmacist is a software company that helps pharmacists with increasing the efficiency of their pharmacy and helping them take their operations online as well as market to their customers. Founded in 2010 and headquartered in Austin, Texas, the company was acquired by private equity K1 Investment Funds in 2019 for $125MM. 

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Since last week, PrivCo has added:
1206 Companies | 119 Funding Activities | 124 M&A Deals

Funding & Deal Highlights:

$100MM+ Funding
REEF Global, a Miami-based company that transforms parking lot facilities to logistics hubs, raises $700MM from Softbank and Mubadala. 

CARsgen raises $186MM in Series C funding for its cell therapy product. 

Healthcare Funding 
Lark Health, an AI-powered digital care platform, raises $70MM in new funds. 

Other Series C Funding
Capacity, an AI-powered helpdesk provider, raises $11MM in Series C funding. 

Series B Funding 
Apkudo, a supply chain automation company from Baltimore, Maryland, raises Round B funding for $14MM.

Series A or Equity Funding
Agora, a Bay Area materials management company that supports construction companies raised $7.16M M in Series A funding. 

inRiver, a Swedish SaaS provider of product information management solution for businesses closed $32MM in equity funding. 

Arcus, a fintech company from NYC, raised funding from Citi Ventures to help it expand its business in Mexico.

Acquisitions
Kohlberg & Co. acquired Parts Authority, a New York-based aftermarket distributor of replacement car and truck parts for $800MM. 

Endurance Group, a cloud-based platform solutions company acquired Clearlake Capital Group for $3.0BN.

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