Launchpad Digital Health announced it led seed funding rounds for 6 newcomers and completed three follow-on deals. The new members include startups focusing on value-based healthcare, data analytics for monitoring lab samples and a meditation platform to manage pain.
The San Francisco-based digital health accelerator offers each of its portfolio companies up to $500,000 in an initial investment, a year-long program with daily and weekly interaction with Launchpad’s founders, partners and advisors, and co-location with other health sector startups at The Hatchery, according to a statement.
Among the 6 new members are Lab Sensor Solutions, which aims to help laboratories improve compliance via data analytics and sensor tracking for samples that require close monitoring, and Moving Analytics, a platform to make a Stanford-developed post-cardiac surgery program available at home in a bid to increase patient compliance.
SoberGrid helps individuals stay sober by connecting them with each other, as well as with rehab clinics and other services, while Wellbrain aims to reduce the use of pain prescription drugs with its meditation platform for pain management.
The seed rounds were supported by co-investment from backers including Stanford University, Draper Associates, HealthX Ventures, Healthfundr and Aspect Ventures. As for the follow-on deals, Launchpad led a financing round for LifeDojo, a corporate wellness company that offers 12-week programs. The accelerator also participated in a follow-on Series A for an undisclosed portfolio company and Medable, an app and analytics platform for healthcare.
Launchpad’s other portfolio companies include Sensely, which markets personalized solutions for the management of heart failure, diabetes and behavioral health, and Breezometer, which tracks street-level air quality in 28 countries and 7,000 cities worldwide. Meanwhile, precision medicine player InsightRx uses real-time patient data to optimize medication dose and inform clinical decision making.
Digital health has been gaining momentum, with multiple companies trying to get a piece of the pie and England's National Health Service launching a digital health accelerator in London. DigitalHealth.London is expected to support up to 30 small- and medium-sized businesses for one year. It started accepting applications earlier this year. European venture firm Endeavour Vision closed a $275 million med tech and digital health fund in March, while Philips ($PHG) opened its first digital health innovation hub in the Netherlands last September.
- read the statement
NHS launches digital health tech accelerator in London
Endeavour Vision closes $275M dedicated med tech, digital health fund
Philips opens its first digital health innovation center in the Netherlands, with more to come