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☆ A millennial investor feels happier and healthier after taking most of her meetings off Zoom
▼ + stars: | 2024-05-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The 36-year-old healthcare tech investor said on X, formerly Twitter, earlier this month that 90 percent of her meetings are phone calls, while 10 percent are on Zoom. Other desk workers have moved away from video calls, a decision that is also backed up by recent research on Zoom fatigue. Farr started moving her video meetings to phone calls so that she could take walks during them. Related storiesFarr knows phone calls don't work for every type of meeting, especially when visuals are crucial — like when a slide deck is being presented. Bailenson concluded the report with a simple suggestion: "Make 'audio only' Zoom meetings the default, or better yet, insist on taking some calls via telephone."

Persons: —, it's Christina Farr, Farr, — Farr, Christina Farr, Farr —, Alyssa Jaffee, Farr's, Jaffee, Jeremy Bailensonon, Bailenson Organizations: Service, Business, Stanford Locations: Chicago

☆ Exclusive: GroundGame Health and SameSky Health are merging with $17 million from 7wireVentures and Elevance to get underserved patients access to care
▼ + stars: | 2024-04-30 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

The newly combined company also landed a $17 million Series A led by 7wireVentures. The venture firm is an existing investor in SameSky Health. Health insurance giant Elevance Health, formerly known as Anthem, an existing investor in GroundGame Health, also participated in the round. By addressing these barriers together, GroundGame CEO Susan Rawlings Molina said, GroundGame and SameSky can help more patients access healthcare while saving money for payers. While SameSky's technology can help underserved patients seek out care, GroundGame can close the loop by removing barriers to their access to that care, she said.

Persons: —, 7wireVentures, Susan Rawlings Molina, Molina, we're, SameSky, GroundGame, they're, Lee Shapiro, Alyssa Jaffee, Robert Garber, Glen Tullman, haven't, Abner Mason, Garber Organizations: Service, SameSky, Business, Health, 7wireVentures Industry Locations: Health, healthtech, SameSky

☆ Exclusive: Glen Tullman's startup Transcarent is raising $125 million in new funding at a $2.1 billion valuation
▼ + stars: | 2024-03-25 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Read previewLivongo veteran Glen Tullman's latest venture, healthcare startup Trascarent, is raising a Series D round, Business Insider has learned. The sources said the round values Transcarent at about $2.1 billion. Related storiesIt's been a difficult fundraising environment for growth-stage healthcare startups — and that's reflected in Transcarent's latest fundraising push. Transcarent has raised $298 million to date, last grabbing $200 million in a January 2022 Series C round that boosted its valuation to $1.6 billion. Transcarent also acquired 98point6's virtual care platform in March 2023 to offer on-demand telehealth care.

Persons: —, Glen Tullman's, General Catalyst, Leslie Krigstein, Transcarent, Tullman, Teladoc, 98point6 Organizations: Service, General, Business, Catalyst, Human, Ally, Group, Alta Partners, Merck Global Health Innovation Fund, Jove Equity, Ventures, GreatPoint Ventures, Intermountain Healthcare, Rush University Medical, Soda Health Locations: Transcarent

☆ VCs are getting pickier about their weight-loss bets as startups rush to prescribe Ozempic
▼ + stars: | 2023-12-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

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 healthcare venture firm behind Livongo just raised $217 million to back the next generation of digital-health giants
▼ + stars: | 2023-10-03 | by ( Blake Dodge | ) www.businessinsider.com time to read: +6 min

7wireVentures, a prominent venture-capital firm, just raised $217 million to fund the next generation of healthcare startups, bringing the firm's total assets under management to more than $500 million. The fund, which closed last Friday, is the biggest that 7wire has ever raised and represents a strategy shift for the firm. The startups Folx Health and Parsley Health, new investments for 7wire, have also won contributions from the new fund. Livongo7wire keeps funds and the portfolio size, just north of 20 startups, both relatively small, all managed by only four partners: Tullman, Jaffee, Shapiro, and Garber. The small size of the operation is intentional in keeping with 7wire's "quality over quantity" approach to investing, Garber said.

Persons: 7wire, Glen Tullman, Lee Shapiro, Alyssa Jaffee, Alyssa Jaffee Alyssa Jaffee, Jaffee, Tullman, Shapiro, Robert Garber, Livongo's, Livongo 7wire, Garber, Jaffe Organizations: Folx, Parsley Health Locations: Tullman

☆ Digital health's funding slump isn't a death sentence. Here's what startups are doing to stand out to investors.
▼ + stars: | 2023-02-13 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +5 min

It's getting harder for digital-health startups to get investor attention. Fewer digital-health startups are fundraising, and the ones that are will be held to higher standards than before, investors told Insider. This year, a smaller group of digital-health startups is beginning to stand out. "It's been amazing to watch what this business has accomplished," she told Insider. Quantum is already earning enough to fund itself, Zane Burke, the CEO of Quantum, told Insider.

☆ See the 10-slide presentation a hot mental-health startup used to win over Cigna Ventures and raise $34 million
▼ + stars: | 2023-02-07 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

NOCD in January raised $34 million as digital-health funding tumbles. In a brutal time to raise money from investors, the mental-health startup NOCD, which provides care for people with obsessive-compulsive disorder, just raised $34 million. Cigna Ventures, the health-insurance giant's venture-capital arm, and 7wireVentures, a prominent healthtech venture-capital firm, co-led the round, bringing NOCD's total funding to $84 million. NOCD shared with Insider the presentation that helped it land $34 million from Cigna Ventures and 7wireVentures. Here's the deck NOCD used to raise $34 million from top investors.

☆ A former VA secretary and his daughter have teamed up to transform care for people with chronic pain, and top VCs 7wire and Martin Ventures are backing them
▼ + stars: | 2022-12-15 | by ( ) www.businessinsider.com time to read: +5 min

Called Override, it connects patients with chronic pain to a virtual team of pain specialists. An estimated one in five American adults are living with chronic pain, according to the Centers for Disease Control and Prevention. Research has found links between chronic pain and opioid dependence, anxiety, depression, and lower quality of life. Override's model was informed by a health program for veteransA wealth of research supports a team-based approach to treating chronic pain. Patients with chronic pain are expensive, and those paying for that care need help managing their costs.

☆ With $10.5 million in supergiant seed funding, Caraway launches to bring personalized telehealth to Gen Z women in college
▼ + stars: | 2022-11-09 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +6 min

Caraway is a healthtech startup for college women that offers mental, physical, and reproductive care. This woman's experience is one example of how Caraway says it is working to provide personalized mental, physical, and reproductive health services via telehealth to Gen Z women in college. Care specialists provide direct education for students on mental health too, such as techniques to de-escalate stress and anxiety flare-ups. Other startups like Mantra Health, which raised a $22 million Series A last year, also focus on mental health for college students. So far, the startup has 13 "Caraway Campus Ambassadors," or interns, on college campuses in the states it's currently operating in.

☆ 3 VCs share their best advice for startup founders as the tech industry heads for a historic slump and thousands of workers lose their jobs
▼ + stars: | 2022-11-08 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

And startup founders, too, are feeling the heat. Three VCs at 7wire, Interplay, and Menlo tell Insider their best advice for founders right now. Startup founders, too, are feeling the heat: fintech Stripe slashed 14% of its workforce while neobank Chime laid off 160 people. Buzzy NFT startup Dapper Labs let go of 22% of its employees, while resale marketplace StockX cut less than 80 jobs. Here's their advice for founders right now:

☆ Thousands of workers were laid off this week as tech companies and startups brace for an economic crash. Investors, founders, and recruiters explain why this is just the beginning.
▼ + stars: | 2022-11-05 | by ( Rob Price | Samantha Stokes | ) www.businessinsider.com time to read: +10 min

Amid growing economic uncertainty, layoffs in the technology industry, both for public companies and for startups, have been escalating this Fall. While plenty of tech companies were still flying high in early 2022, Russia's invasion of Ukraine in February accelerated global economic turmoil. More than 17,000 tech workers lost their jobs in both May and June, while July and August saw another 29,000 cuts, according to layoff tracker Layoffs.fyi. Davis, the VC at Interplay, explained that cost-cutting and layoffs are happening across the board, not just in the tech industry. But public tech companies as well as early- and growth-stage startups will face additional challenges, he said.

☆ See the 17-slide presentation Folx Health used to raise $30 million to provide more telehealth options for LGBTQ+ patients
▼ + stars: | 2022-10-12 | by ( Sarah Braner | ) www.businessinsider.com time to read: +2 min

Folx, a telehealth service for the LGBTQ+ community, just raised $30 million in a Series B round. Folx will use the money to expand telehealth services, especially in behavioral health. Folx Health, a company offering telehealth services to the LGBTQ+ community, announced today that it has raised a $30 million series B round to offer and expand new services to clients, including behavioral health and mental health services. Folx's CEO, Liana Douillet Guzmán, said that Folx has raised $59 million in total, but she did not disclose the company's current valuation. Here is the 17-slide presentation Folx Health used to raise its $30 million Series B round.

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