Weekly Roundup: Latest Healthcare Funding News

VectorY , a #biotech company based in the Netherlands focusing on progressing its preclinical lead program targeting amyotrophic lateral sclerosis, has secured $138 million in a Series A funding round. This round was co-led by EQT Life Sciences and Forbion Growth Opportunities Fund.

Forward Health Group, Inc. , a seven-year-old startup, is innovating in #healthcare by developing CarePods - self-contained, standalone medical stations. These CarePods, designed to be placed in office buildings and malls, enable subscribers to undergo various medical tests, including blood draws. The company has recently raised $100 million in a Series E funding round, with investments from Khosla Ventures , SoftBank Investment Advisers , and Founders Fund . Forward Health has amassed a total funding of $657 million.

MBrace Therapeutics , a three-year-old startup based in San Diego focusing on developing #cancer therapeutics, has successfully raised $85 million in a Series B funding round. TPG led this round and saw additional participation from Avidity Partners , Cowen Healthcare Investments, and previous investors, including Venrock and Alta Partners . The company's total fundraising to date amounts to $110 million.

Cytovale , a decade-old San Francisco-based company specializing in developing a test for early detection of #sepsis, has recently secured $84 million in a Series C funding round. This round was led by Norwest Venture Partners , with Sands Capital and Global Health Investment Corporation also contributing.

Nouscom , an eight-year-old startup based in Switzerland specializing in developing neoantigen cancer #vaccines targeting conditions like colorectal cancer, has raised $73.4 million in a Series C funding round. This round was co-led by Andera Partners , Bpifrance , and M Ventures . It included participation from Revelation Partners , Indaco Venture Partners , Panakes Partners , X-Gen Ventures, 5AM Ventures , EQT Life Sciences , and Versant Ventures .

Route 92 Medical , an eight-year-old startup headquartered in San Mateo, California, focused on developing reperfusion systems to improve patient results in neurovascular interventions, has successfully raised $31 million in a Series F funding round. This round included continued support from existing investors such as USVP , Norwest Venture Partners , InnovaHealth Partners, LP , and The Vertical Group .

On Target Laboratories , a 13-year-old firm located in West Lafayette, Indiana, focusing on developing molecular imaging agents to target and highlight cancer during surgeries, has raised $30 million in a Series C funding round. The round saw investments from H.I.G. Capital , The Hurvis Group, LLC , J&J Innovations , Pension Fund of the Christian Church , 3B Future Health Fund I & II , Elevate Ventures, and Olympus Innovion Ventures.

Vida Health , a nine-year-old startup based in San Francisco specializing in treating #diabetes and #obesity through a mobile app and a network of #healthcare providers, recently secured $28.5 million in funding. Existing investors led this round, including General Atlantic , Ally Bridge, Canvas Ventures , and Hercules Capital

Kythera Labs , a four-year-old startup headquartered in Franklin, Tennessee, known for its capability to enhance, repair, and expand #healthcaredata dimensions, has raised $20 million in funding. This investment round was co-led by BIP Ventures and CIBC US .

Inito , an eight-year-old startup from India and a Y Combinator alumnus specializing in helping women #femtech easily track fertility hormones at home, has recently secured $6 million in a Series A funding round. Fireside Ventures led this round. The company offers a fertility monitor and kit that provides quick and user-friendly smartphone diagnostic results within 10 minutes.

Aether Biomedical , a six-year-old startup based in Chicago known for developing bionic upper limb #prosthetics, recently secured $5.8 million in a Series A funding round. This round was co-led by J2 Ventures and Story Ventures , with continued support from a previous investor, Chiratae Ventures .

Nema Health , a startup in New Haven, Connecticut, known for its virtual platform offering support to trauma victims, has successfully raised $4.1 million in a seed funding round. This round was co-led by Optum Ventures and .406 Ventures , with additional investment from greymatter capital .

Fortuna Health , a New York-based startup assisting consumers with #Medicaid eligibility, enrollment, and recertification processes, has raised $4 million in a seed funding round. This round was led by Andreessen Horowitz and included BoxGroup and Y Combinator participation.

Layer Health , a startup based in Boston that utilizes large language models (#LLMs) and natural language processing to assist healthcare providers in extracting insights from written #medicalrecords, has raised $4 million in funding. This investment round included participation in GV (Google Ventures) , General Catalyst , and Inception Health .

Morf Health , a one-year-old startup based in San Francisco focused on developing a data integration platform to reduce healthcare providers' administrative burdens, has successfully raised $3 million in funding from Kindred Ventures .

Resistomap , a five-year-old Helsinki startup specializing in developing a platform to monitor antimicrobial resistance, has raised $2.2 million in a seed funding round. This round was led by Ananda Impact Ventures , with additional participation from Gaingels .

BeMe Health , a two-year-old startup based in Miami focused on creating software and content for #mentalhealth interventions specifically designed for teenagers, has raised $1.5 million in funding from Blue Cross and Blue Shield of Kansas . To date, the company's total fundraising amounts to $14.7 million.

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