August 19, 2022

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Pager raises $70M for care coordination; Nomad scores $63M and extra digital well being fundings

Virtual care collaboration and navigation instrument Pager introduced it raised $70 million in an fairness and debt financing spherical. The Series C spherical was led by Susquehanna Private Equity Investments. Silicon Valley Bank offered debt financing. 

Pager stated the capital shall be used to extend the platform’s capability, make enhancements and broaden to new markets worldwide, together with ones in the U.S. and Latin America.

“The COVID-19 pandemic has been a catalyst for accelerated progress of digital care options and has sparked a rising demand for well being plans and well being methods to supply confirmed, next-generation digital well being platforms like Pager.

“Our latest fundraising round further validates the meaningful value that virtual care provides and how we improve care access and health outcomes while lowering costs,” CEO and chairman Walter Jin stated in an announcement.

“Pager’s rapid growth to more than 15 million members under contract, along with the execution of our largest funding round to date, is proof that our platform is successfully addressing client and consumer needs in the evolving healthcare market.”

In March 2020, Pager raised another $33 million in fairness and debt financing. The firm stated its whole elevate was $120 million. 

Nomad Health, a web-based job portal for short-term healthcare staff, raised $63 million in new fairness and debt financing. Nomad stated the funds shall be used to rent extra staff, spend money on its platform and develop nationally.

Adams Street Partners led the spherical with participation from present traders together with Icon Ventures, Polaris Partners, RRE Ventures, .406 Ventures, First Round Capital and Silicon Valley Bank.

The firm additionally introduced two hires for its govt group. Kim Howard will function chief shopper officer, and Jeff Simon joins as vice chairman of product. Howard got here to Nomad from healthcare staffing agency AMN Healthcare, and Simon most not too long ago labored at Indeed.

Staffing shortages have plagued some hospitals throughout the COVID-19 pandemic, rising the cost of travel nurses. In early September, the American Nurses Association sent a letter to HHS asking the company to declare the nursing scarcity a nationwide disaster. 

Nomad stated the transactions on its market have grown sevenfold because the starting of the pandemic in February 2020. 

“Our work has never felt more important or more rewarding,” CEO and cofounder Dr. Alexi Gharib Nazem stated in an announcement.

“Since the beginning of the pandemic, Nomad has been able to move at lightning speed to connect clinicians with hospitals that desperately need staff. In that time, Nomad has sent clinicians to take care of over one million patients in all 50 states. We are truly fulfilling our mission of removing the obstacles between providers and their patients.”

Digital obsessive-compulsive dysfunction therapy NOCD closed a $33 million Series B funding spherical Tuesday. 

The spherical was led by F-Prime Capital with participation from Eight Roads Ventures and Kaiser Permanente Ventures, together with present traders together with 7wireVentures, Health Enterprise Partners (HEP) and Chicago Ventures.

The firm will use the cash to broaden its consumer base, attain individuals who want therapy earlier and add further providers to deal with different situations and temper issues that always happen with OCD.  Its work with Eight Roads Ventures will assist NOCD broaden its presence overseas. 

“The behavioral health treatment system needs a new digital front door that meets the needs of consumers with severe conditions on their terms, where they are. Telehealth is an important solution for people that do not feel comfortable seeking treatment for stigmatized issues outside of their home. NOCD offers a frictionless, effective therapy experience that addresses their unmet needs and helps them regain hope in life,” Stephen Smith, CEO and founding father of NOCD, stated in an announcement. 

NOCD closed a $4 million Series A in 2019 and $1 million in seed funding in 2018. 

Interactive health and movement leisure startup NEX raised $25 million in Series B funding and launched its Active Arcade app, a set of cell movement video games. 

The spherical was led by Blue Pool Capital and Samsung Ventures. Other investors embody actor Simu Liu, soccer coach and former participant Thierry Henry, Los Angeles Dodger Albert Pujols, the WNBA’s Sabrina Ionescu, YouTube cofounder Steven Chen and WordPress cofounder Matt Mullenweg in addition to SparkLabs Global Capital and Hyphen Capital.

“A pandemic drew even more attention to the already huge and growing problem of more sedentary lifestyles across the world,” David Lee, CEO and cofounder of NEX, told TechCrunch.

“Having fun while moving is one of the purest definitions of play. But unlike the old days, the standard of engagement for active play must be on par with the best video games. It was apparent to us that accessible motion-based entertainment was the answer to a global need for more physical activity.”

Pearl Health, which goals to assist main care suppliers achieve Medicare’s Direct Contracting pay mannequin, introduced it had raised $18 million in Series A funding.

The spherical was led by Vineeta Agarwala at Andreessen Horowitz with participation from AlleyCorp and Kevin Ryan.

“At Pearl, we are focused on each individual physician and how we can empower them to care for their patients more directly and efficiently. We are starting in Medicare, generating a simple per-member-per-month payment structure for each of our Partner Doctors to free them to prioritize prevention, and focus on the patients that need care at each moment in time,” wrote CEO Michael Kopko in a blog submit on the funding announcement.

“This structure also reorients our physician partners around a win-win-win opportunity for patients, physicians and our healthcare system: They receive savings proportional to their individual performance, if they can improve health outcomes and efficiently manage a global budget for the care of their patients.”

Chapter, which helps beneficiaries select and enroll in Medicare plans, introduced it had raised $17 million in a Series A funding spherical.

The spherical was led by Narya Capital with participation from Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital and Health2047 Capital Partners. Billionaire investor Peter Thiel joined the corporate’s board of administrators. 

The firm will use the funds to hurry product growth, rent engineers and advisors, and proceed investing in its platform. 

“Most Americans navigate Medicare alone or unintentionally use assets that restrict their choices. Medicare protection is simply too necessary to get fallacious: Signing up too late can lead to lifetime penalties. Furthermore, plans have such vital variations in advantages and premiums that it’s essential to look each single possibility.

“Unlike traditional resources, Chapter searches every plan at a unique level of granularity. As a result, we help our members save thousands of dollars so they can retire on their own terms,” Chapter CEO Cobi Blumenfeld-Gantz stated in an announcement.

Seven Starling, a platform that gives academic content material, group assist and entry to doulas throughout being pregnant and early parenthood, introduced its launch with $2.9 million in seed funding.

The spherical was led by Pear VC, Expa and Magnify Ventures.

“Our goal is for parents to feel empowered during pregnancy and early parenthood. New and expectant parents often feel isolated and overwhelmed, even more so during the pandemic. Seven Starling offers parents access to doulas and peers who quickly become invaluable partners in the pregnancy and parenting journey. The results are more meaningful connections and better maternal health outcomes,” Tina Beilinson, CEO and cofounder of Seven Starling, stated in an announcement.

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