digital health funding
This is Olive's third raise in 2020 alone, and now values the AI company at $1.5 billion.
A Q4 progress report from CB Insights predicts a drop-off in investment between the quarters, for digital health and the broader healthcare startup ecosystem alike.
With these funds, Well Health has now raised $75 million since its founding in 2015.
Also: Hedway lands $26M, Spring Health closes a $76M deal and Outcomes4Me rakes in $4.7M
Katya Hancock, Investor Network director at StartUp Health, says although Q3 2020 was the largest quarter for digital health funding in history, there's still a lot of work to do to address the most pressing healthcare needs.
Also: Upfront Healthcare announces $11.5M in funding; Solv scores $27M and adds to its team; Levels gets $12M in a seed round.
Also: U.K. mental health platform Togetherall raises $10 million; Unlearn.AI adds onto April's Series A with investment from Eisai.
The Oakland, California, company recently announced collaborations with AstraZeneca and 3M Littmann Stethoscopes.
The company's lead offering for employer customers has so far reached more than 250,000 users.
Also: Digital therapeutics company Palo Alto Health Sciences reports $9.1 million; Adherium gains new support from investment firm Viburnum.