StartUp Health Insights: CarePredict Raises $29M to Help More Seniors Stay Well | Week of Jul 18, 2023 | by StartUp Health | Jul, 2023

CarePredict’s innovative technology autonomously identifies changes in daily activity and behaviors that precede health issues such as UTIs, falls, malnutrition, and depression.

CarePredict, a StartUp Health company that uses AI, predictive analytics, and wearable devices to scale senior care beyond reliance on human observation, closed a $29M Series A-3 investment co-led by SV Health Investors’ Medtech Convergence Fund and Aspire Healthtech Partners, with participation from Secocha Ventures, Las Olas Venture Capital, family offices, and individual investors. <source>

This week’s reported health innovation funding included:

Causaly, a London, UK-based tech company using AI to interpret large datasets and literature, raised $60M led by ICONIQ Growth, with participation from Marathon Venture Capital, Index Ventures, Pentech Ventures, EBRD Visionaries Club, and individual investors. <source>

Recursion, a Salt Lake City, UT-based biotech company that recently acquired StartUp Health portfolio company Cyclica, raised $50M from Nvidia. <source>

VitalConnect, a San Jose, CA-based remote and in-hospital wearable biosensor technology company, raised more than $30M led by Revelation Partners, with participation from Pacific General Ventures and EW Healthcare Partners. <source>

Torch Dental, a New York, NY-based digital procurement partner for dental practices, raised $28M led by Health Velocity Capital, with participation from Bessemer Venture Partners, FJ Labs, Felicis Ventures, Tectonic Ventures, Raga Partners, and Town Hall Ventures. <source>

Herself Health, a St. Paul, MN-based startup providing primary care to women 65 and over, raised $26M led by Accretive, with participation from Juxtapose. <source>

Parker Health, a Washington, DC- and Dallas, TX-based biotech company for EHRs, hospitals, and subscription-based health services, raised $25M led by Bias Capital, with participation from L’PAJ Ventures, CGT Capital Group, and other angel investors and family offices. <source>

Affect Therapeutics, a McLean, VA-based app to support patients struggling with alcohol and drug addiction, raised $16M led by ARTIS Ventures, with participation from AlleyCorp, CityLight, LifeArc Ventures, Samsung Next, and What If Ventures. <source>

Sonio, a Paris, France-based prenatal care company, raised $14M from Cross-Border Impact Ventures, European Innovation Council and SMEs Executive Agency (EISMEA), Elaia, OneRagtime, Bpifrance, and angel investors. <source>

Eureka Health, a San Francisco, CA-based provider of a community dedicated to helping chronic disease patients share experiences and discover treatments, raised $7M led by Khosla Ventures, with participation from South Park Commons, Bling Capital, SciFi VC, Able Partners, Bow Capital, and angel investors. <source>

Smartlens, a Santa Clara, CA-based developer of a contact lens for glaucoma detection, raised $6.1M led by Ambit Health Ventures, with participation from Stanford University, Sophia Innovation Capital, Graphene Ventures, Plaisance Capital Management, Boutique Venture Partners, Wilson Sonsini Investments, and 3E Bioventures. <source>

Fold Health, a San Francisco, CA-based provider of a platform to support the needs of value-based primary care, raised $6M from Iron Pillar and angel investors. <source>

Gradia Health, a San Francisco, CA-based provider of an integrated concierge care platform for clinics, raised $4.2M led by MaC Venture Capital, with participation from YCombinator, Soma Capital, Atlanta Ventures, and several angel investors. <source>

Hello Pediatrics, a Fairfax, VA-based provider of after-hours telehealth services, raised $3M led by Sequoia Health Strategies and Dialectic Capital. <source>

Wavely Diagnostics, a Seattle, WA-based digital diagnostics company developing smartphone-based apps for data-driven virtual pediatric care, raised $1.35M led by Robin Hood Ventures, with participation from WRF Capital, Ambit Health Ventures, the WXR Fund, Wealthing, HealthTech Capital, and Princeton Alumni Angels. <source>