Digital surgery company Activ Surgery scores $45M, end-of-life platform Empathy bags $30M and other digital health fundings

Activ Surgical, a Boston-based digital surgery startup, announced a $45 million Series B funding round today. Cota Capital led the round along with new investors BAM Funds, Magnetar Capital, Mint Ventures, Castor Ventures, Dream One Vision and NVIDIA.

Investors from the company’s previous raises also chipped in, including DNS Capital, Tao Capital Partners, LRVHealth, Rising Tide VC, GreatPoint Ventures (GPV) and ARTIS Venture.

The new funds bring Activ Surgical’s total amount raised to $77 million. The company has made a name for itself by creating hardware-agnostic technology that uses computer vision and robotics to drive autonomous and collaborative surgical procedures.

Activ Surgical will put the new cash towards commercializing its recently announced ActivInsights software suite, pursuing CE marking in support of global expansion and developing machine learning features.

End-of-life support platform Empathy has closed a $30 million Series A funding round led by Entrée Capital. The raise comes less than six months after the company exited stealth mode with $13 million in funding.

Additional investors include General Catalyst, Aleph, LocalGlobe, and Primetime Partners, as well as angel investors Shai Wininger (CEO and cofounder of Lemonade), Sir Ronald Cohen, John Kim (ex-president of New York Life) and Micha Kaufman (CEO and cofounder of Fiverr).

Empathy’s platform leads grieving families through end-of-life bureaucratic tasks such as arranging a funeral, validating a will, canceling accounts and cleaning out properties. It also has a human-support element in which loss experts are available to provide emotional and practical advice.

The company will use the funds to grow its U.S. presence, launch new products, foster strategic partnerships and grow its internal team.

New York City-based venture company AlleyCorp has launched its first early-stage venture capital fund and incubator dedicated to healthcare.

The $100 million fund will target New York City-native digital health startups. AlleyCorp also plans to partner with healthcare companies across the country, specifically focusing on biotech and diagnostics.

AlleyCorp has previously served as a cofounder or investor for several digital health companies, including Nomad Health, Vori Health, Pearl Health and Memora Health. 

“This past year highlighted that there are so many parts of the healthcare system still to be improved with technology. AlleyCorp has had tremendous success to date in healthcare, and we feel compelled now to do even more,” AlleyCorp Founder Kevin Ryan said in a statement. “We are proud to take on this work from New York City, which has emerged as the world’s leading digital health hub.”

Found, a newly public-facing weight care platform, shared this week that it has raised $32 million since it launched last year.

The funds come across two raises – a $24 million Series A round led by GV and Atomic, with support from Define Ventures, and an $8 million seed round from Atomic and Define Ventures.

Found’s weight-management program matches users with a medical provider and a health coach to provide personalized health recommendations and prescription medications. The platform also has a community aspect where users can connect and support one another on their weight-management journey.

The company is putting the money towards growth. It recently welcomed new members to its leadership team, including former Bumble-exec Sarah Jones Simmer as CEO and former Headspace VP of product Alexandre Linares as chief of product.

Health insurance startup Loop Health announced it has raised $12 million in a Series A funding round co-led by Elevation Capital and General Catalyst.

The round also had participation from Khosla Ventures, YC Continuity Fund and Tribe Capital, as well as angel investors Amit Kumar Agarwal (founder and CEO of NoBroker), Ramakant Sharma (founder and COO of Livspace), Vidit Aatrey and Sanjeev Barnwal (cofounders of Meesho), Eren Bali (cofounder and CEO of Carbon Health), Zach Sims (cofounder and CEO of Codecademy), and Kate Ryder (founder and CEO of Maven Clinic).

Based in India, Loop Health is currently operational in Pune, Mumbai and Bengaluru. It offers group health insurance plans that are bundled with virtual primary care provided by its in-house medical team.

With the fresh cash, Loop Health says it’s scaling its business, further developing its product and hiring across its sales and engineering teams.

Genetika+, a precision medicine platform for psychiatric disorders, closed a Series A funding round worth $10 million.

GreyBird Ventures led the round, with investors Meron Capital, Jumpspeed Ventures, Sapir Venture Partners, Howard Morgan of B Capital Group and Michael Zeisser of FMZ Ventures also participating.

The company’s flagship product, its Brain-in-a-Dish technology, uses a patient’s blood sample to predict the best antidepressant or combination therapy for them. While it initially focuses on depression, Gentika+ says it will apply its platform to other areas in psychiatry and neurology.

“Millions of patients around the world face an arduous journey to find the most effective medication to treat their depression,” Talia Cohen Solal, Ph.D., cofounder and CEO of Genetika+, said in a statement.

“Sadly, COVID-19 has led to even more widespread depression and a greater need for new solutions. We’re excited to secure this funding, which will enable the first biologically relevant measures to inform potentially life-changing medication selection decisions.”

Genetika+ is using the funding to launch clinical trials, increase its manufacturing capabilities, establish a clinical lab in Boston and hire new team members.

Amma Pregnancy Tracker, a femtech support app for the pregnancy journey, closed a $2 million pre-Series A round, Forbes reported.

The round had investor participation from Alexey Solovyov A. Partners, the Joint Journey, the Angelsdeck business angel club, and angel investors Andrew Filev (founder of Wrike.com), Maxim Spiridonov (Netologiya Group), Sergey Solonin (Qiwi), Vladimir Khristenko (Nanolek) and Igor Shoifot.

The app has a suite of pregnancy features, including weight-gain and fetus-growth tracking, doctor’s appointment reminders, telemedicine, and educational resources.

 

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