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Read previewWith the Ozempic craze in full swing, investors are getting picky about the weight-loss startups they want to back. Kaganoff predicted that in the new year some startups prescribing GLP-1s would invest more money in studies using real-world evidence to show their programs work. And despite the Ozempic frenzy, weight-loss startups captured a tiny fraction of the money invested this year. Investors had put about $211 million toward weight-loss startups through mid-November, representing about 3% of digital-health funding over that period, according to PitchBook. Alfie HealthSome unlikely sectors of the healthcare industry stand to benefit from the growth of the weight-loss market.
Persons: , Sari Kaganoff, Crystal Cox, Kaganoff, Ro, VCs, Michael Greeley, Alyssa Jaffee, 7wireVentures, she's, she'd, Mounjaro, Mercer, Michael Siluk, PitchBook, Alfie Health, it's, Alfie's cofounders, Aaron DeGagne, Jordan, he'd, DeGagne, There's Organizations: Service, Business, Rock Health, Flare Capital Partners, Getty, Employers, Health, Investors, Phenomix Sciences, Mayo Clinic, PitchBook, Tusk Venture Partners, Sword Health Locations: GLP
The howls will begin the minute the FTC's lawsuit against Amazon hits the clerk's desk. What you don't see on that list is anything that could attempt to compete with Amazon or Meta or Apple or Microsoft or Google . Whenever we look at a startup that would directly compete with a company like Amazon, the answer to the second question is always, "yes, definitely." I think Amazon is a great company. Luckily, as these earlier giants started to falter, companies like Apple and Microsoft took off, and companies like Google, Amazon and Meta came along.
Persons: Lina Khan, Khan, I'm, we're, Bernie Sanders, it's, there's, Bradley Tusk Organizations: Yale Law, Amazon, FTC, Tusk Venture Partners, Apple, Microsoft, IBM, GE, Google, Meta, Department of Justice Locations: Larchmont , New York, Alma, Manhattan
STI testing startup TBD Health just raised $4.4 million in a seed round led by Tusk VenturesThe startup sells at-home testing kits and offers telemedicine consultations about sexual health. Check out the 9-slide pitch deck TBD Health used to raise its seed round. Instead of feeling embarrassed, TBD Health's goal is to help people feel empowered about staying on top of their sexual health. When it comes to sexual health, there are numerous startups targeting the reproductive and fertility space, like women's health startup Maven and surrogacy platform Nodal. Check out the nine-slide pitch deck TBD Health used to raise its $4.4 million seed round from Tusk.
Afeyan is the CEO and founder of Flagship Pioneering, the venture firm behind Moderna. Flagship has in its portfolio multiple companies using AI in areas like drug discovery and testing. The Flagship method for company building starts with a vague "what if" question, and if the idea survives testing, it's unveiled to the public, Afeyan told Insider in 2021. Afeyan isn't alone in predicting that generative AI is gearing up to play a bigger role in healthcare. Morgan Cheatham, a vice president at Bessemer Venture Partners, told Insider he predicted generative AI would result in more than $1 trillion in value for the healthcare industry by 2040.
Funding raised: $27 millionNumber of employees: 20Why it's set to take off next year: Provider burnout is getting worse, and it's exacerbating healthcare's staffing crisis. Nof said he expected Abridge's technology to be in demand next year as hospitals worked to reduce the administrative burdens on doctors. "They've reached a tipping point where people are desperate to gain efficiencies in their workday with all the physician burnout," he said. Abridge's technology takes the audio from doctor-patient interactions and automatically turns it into documentation for billing purposes or a summary of the visit for the patient. That means doctors are relieved of the "hours of pajama time in the evening that they previously spent doing clinical documentation," Cheatham said.
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of October 25:Have a tip about digital health layoffs that you want to share?
Founders fear the worst is yet to comeNaturally, proptech founders are worried. But proptech founders say they have additional concerns. Warburg Peters and other VCs who spoke with Insider encouraged founders to find partners beyond the investor offering the biggest check. Clelia Warburg Peters. Clelia Warburg Peters"In a funny way in 2021, they would just take the best check," Warburg Peters said of founders.
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of September 28:Have a tip about digital health layoffs that you want to share?
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. needs to create a 'digital tariff' for some Chinese tech companies, says Bradley TuskBradley Tusk, Tusk Venture Partners founder and CEO, joins CNBC's 'Squawk Box' to discuss whether TikTok will be able to overtake other prominent tech names like Meta and Snap.
Token management platform, Magna, announced a $15.2 million seed round on Thursday. Tiger Global, Galaxy Digital, Tusk Venture Partners, and Solana Ventures are all Magna backers. Check out this 7-page investing memo that landed the project fundingMagna, a token management platform, announced a $15.2 million seed round on Thursday, notching a $70 million valuation. Backed by industry giants Tiger Global and Tusk Venture Partners, the fresh capital will go towards product development, staff expansion, and forthcoming partnerships. "We started Magna to solve a problem we hear from crypto companies and institutions about managing token distributions.
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