News and updates from the Dreamit portfolio
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Today, Infermedica (HT ‘18) announced a $10M Series A financing round for their AI-driven platform that helps insurance, telemedicine companies, and health systems increase efficiency through fast, digital symptom-checks. The platform has nearly 60 B2B partners across 30 countries, including Microsoft, Allianz, Global Excel, Sana Kliniken, and Médis, and has performed more than 6 million health checks globally. Read here.
TrekIT Health (HT- ‘18) announced closing $1M in additional seed financing. TrekIt’s technology is a HIPAA compliant and secure, real-time workspace for synthesizing information across EHRs and care teams. Clinicians love TrekIT because of its intuitive and predictive interface which serves as a cure for disjointed information systems and a replacement for paper task lists. Read more.
Ruvna, a safety and communication platform for school systems, is releasing a new product this fall providing COVID-19 screening, tracking, and compliance for schools and districts called Ruvna Health. Learn more about the solution here.
Last week, EnsoData (Healthtech - Spring 2019) announced a $9 million Series A financing round led by Venture Investors and Zetta Venture Partners, with participation from Dreamit Ventures. Their platform transforms billions of waveform data points collected from sensors in medical devices and wearables into an easy-to-read report, so clinicians can make faster, more accurate diagnoses.
Wellth, a platform designed to improve treatment adherence using behavioral economics, announced the closing of their $10M Series A round, co-led by yabeo and Boehringer Ingelheim Venture Fund (BIVF). Wellth graduated from Dreamit’s Healthtech program in 2016.
Net Health has acquired Tissue Analytics, a pioneering developer of automated mobile wound and skin imaging and predictive analytics solutions. The Baltimore-based startup graduated from Dreamit’s Healthtech program in 2014.
NeuroFlow is a platform for getting patients with behavioral health issues better by supporting clinical teams with collaborative and measurement-based tools in all care settings. The company announces a $7.5 million Series A financing round led by San Francisco-based Builders VC.
BrainCheck (Dreamit Healthtech Fall 2016) raised $8M in funding. The startup helps physicians assess and track the mental health of their patients.
TrekIT Health, a clinical workflow management and analytics company, announced their newest round of funding from IP Group, Inc. and Dreamit Ventures. The startup will use the funding to enhance product capabilities and accelerate sales growth with key hires.
An Impact-Investing Success Story: Goldman Sachs-Backed Fintech Fuels Double Bottom Line by Investing in International Students
We’re thrilled to announce the newest Dreamit startups that will be participating in the 14-week Securetech, Healthtech, and Urbantech programs.
Dreamit alum Jose ‘Caya’ Cayasso from Slidebean discusses 5 big lessons he learned about raising capital and startup funding.
On this special edition of Marketing Matters, Americus is joined by Eran Ofir, CEO and Cofounder, and Dr. Charles Herman, Chief Medical Officer of Somatix. Somatix has created cutting edge technology for the health care industry in the form of a real-time gesture detection platform that utilizes sensors built into a range of wearables, as well as predictive analytics and machine learning to passively monitor, remotely track, analyze, and deliver insights and help act on massive volumes of detected gesture data.
Dreamit alum MPOWER Financing, a fintech company providing educational loans to high-potential international and DACA students, has completed its largest funding round to-date with $110 million in new financing for students enrolling in major US universities.
Dreamit startup Lia has been named one of TIME magazine’s Best Inventions of 2018.
Dreamit SecureTech startup CYR3CON, which helps companies predict and prevent cyber attacks using artificial intelligence, announced a $1.5 million seed round led by Scout Ventures, with participation from Michael Sutton (former CISO, Zscaler), Aleksandr Yampolskiy (CEO, SecurityScorecard), Steven Witt (former CEO, Onyara and Partner/Co-Founder of DataTribe), and Steve Hassell, (former CIO, Emerson).
Dreamit portfolio company LevelUp was acquired by Grubhub in a “spectacular outcome” for the accelerator and venture fund. Founder and CEO Matt Maloney told TechCrunch that while previous Grubhub acquisitions like Eat24 were designed to give the company’s delivery business more scale, “This is kind of a different acquisition. It’s a product and strategic positioning acquisition.”
Singapore-based smart lock maker Igloohome has closed a $4 million Series A round. The startup graduated from Dreamit in 2015. The investment was led by Insignia Ventures, the new firm started by ex-Sequoia venture partner Yinglan Tan. Phillip Private Equity, X Capital Ventures, K3 Venture’s Kuok Meng Xiong, angel investor Koh Boon Hwee, and existing backer Wavemaker Partners also took part. Inspired by the rise of Airbnb and hosts on the platform, Igloohome sells a range of key-less products that include digital locks, digital deadbolts and a digital safe deposit box. The products are notable because they work offline, requiring either a manually entry pin code or ‘Bluetooth key’ on a phone to unlock. Despite that, owners can still control access remotely, while there’s a physical key just in case.
Dreamit HealthTech alum Somatix beat out over 40 other startups to win the first-ever "Market Disrupt" pitch competition at the "Employer Healthcare & Benefits Congress and World Medical Tourism & Global Healthcare Congress."