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Particle Health has raised $10 million from its existing investors, Business Insider has learned. Healthcare startup Particle Health has been battling electronic health records giant Epic Systems all year. The raise comes three months after Particle Health filed an antitrust lawsuit against Epic, alleging Epic has been stifling competition in the emerging "payer platform" market. The cash won't be used for Particle's antitrust lawsuit against Epic, because Particle itself isn't paying for the lawsuit, per two sources. Those actions and others by Epic, Particle's lawsuit claims, have led many Particle customers to drop their contracts and deter prospective customers, leading to a meaningful revenue loss for Particle.
Persons: It's Organizations: Business, Epic Systems, Systems, Health, Epic, Menlo Ventures, Canvas Ventures, Pruven, of, Oracle Health, New Locations: Southern, of New York, New York
AI startup Casetext is in talks to be acquired, Insider has learned. This hypothesis may have found its first example in Casetext, a buzzy legal generative AI startup that is in talks to be acquired, according to people familiar with the situation. Casetext has raised $68 million in funding from VCs including Union Square Ventures, Canvas Ventures, Y Combinator, and Touchdown Ventures. Now, the technology powers Casetext's AI legal assistant CoCounsel, which aids lawyers with everything from legal research memo drafting to deposition preparation to document review. Have a tip on a startup funding round?
Smartrr, a startup building subscription-enablement software, raised a $10 million Series A.Smartrr CEO Gabriella Tegen says she felt that she had to hide her pregnancy while fundraising. Some VCs had told her it wasn't the right time to fundraise. Despite that, she completed the fundraising process in three months and closed a $10 million Series A round in the first week of January, just a few days after she gave birth to her daughter. Smartrr has raised $17 million in venture funding in total and is valued at $45 million, according to PitchBook. Smartrr's goal is to help brands improve the lifetime value of their customers, Tegen said.
Watch CNBC's full interview with Canvas Ventures' Mike Ghaffary
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Canvas Ventures' Mike GhaffaryMike Ghaffary, Canvas Ventures, joins 'TechCheck' to discuss his thoughts on Airbnb and areas where he sees big opportunities.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailM&A is a 'huge opportunity area' for Airbnb, says Canvas Ventures' Mike GhaffaryMike Ghaffary, Canvas Ventures, joins 'TechCheck' to discuss his thoughts on Airbnb and big opportunities, as well as the value of the stock.
The co-living operators Common and Habyt merged; Pagaya brought the property manager Darwin Homes. The proptech companies that sprang up by the dozens in the past few years are now looking to one another for help. A massive consolidation among companies that seek to make real-estate transactions and services more efficient and profitable is underway. Cushman & Wakefield reported 90% occupancy rates for co-living companies at the end of the third quarter of 2022, and traditional real-estate firms like Cushman and Greystar are now offering their own co-living brands. In property management, the consolidation phase is already well underway, said Paul Stanton, the other founding partner at Proptech Bankers.
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