MATTER Startup Shoutouts: June 2022

Every day, innovators across the MATTER community are building new solutions that accelerate innovation, advance care and improve lives. Over the last three months, MATTER startups have raised over $120 million, won six prominent innovation challenges, received notable grants, fostered impactful partnerships, secured patents and much more.

There’s no shortage of good news to celebrate in the MATTER community. Learn more about our community’s impressive accomplishments below.

MATTER members raised over $120M over the last three months.

Able Innovations raised $7.5M to advance their ALTA Platform.
Able Innovations, a robotic medical device startup, raised $7.5 million to advance their ALTA Platform that’s designed to assist with patient transfers. The ALTA Platform allows caregivers to transfer immobile patients seamlessly between surfaces, such as from a bed to a stretcher, in a simple, painless way.

CareAcademy raised $20M to accelerate their product development and data measurement capabilities.
CareAcademy, a care enablement platform for home care and home health organizations, raised $20 million led by Goldman Sachs Asset Management. They will use the funds to accelerate product development and data measurement capabilities while furthering the company’s mission of unlocking the unmet potential of caregiving at home and community-based services.

Canopy raised $13M to launch its Intelligent Care Platform.
Canopy, the intelligent care platform for oncology, raised $13 million in a funding round led by GSR Ventures. Canopy’s Intelligent Care Platform includes a full suite of integrated electronic health record tools to help cancer centers engage with patients, improve workflows and capture reimbursement streams. They plan to utilize the funds to make their platform generally available to cancer treatment centers across the U.S.

The Collaboratory raised $1.65M in pre-seed funding to expand.
The Collaboratory, a search engine for life sciences companies, raised $1.65 million in a pre-seed round led by angel investors with participation from Techstars. The Collaboratory will use the funding to expand its team, launch sales and marketing efforts and support ongoing product development to improve its first-of-its-kind search engine using cutting-edge natural language processing.

Endpoint Health raised $52M to expand their platform and therapeutic pipeline.
Endpoint Health, a therapeutics company, raised $52 million in equity and debt financing. The company plans to extend their Precision-First,TM platform and expand their therapeutic pipeline to include programs for chronic immune-mediated diseases. The company will also advance their Antithrombin III, their first precision therapy, to a Phase II clinical trial for the treatment of sepsis and expects to submit its Investigational New Drug application and Investigational Device Exemption to the FDA for clearance later this year.

Estrigenix Therapeutics raised $150K to expand research in estrogen biology.
Estrigenix Therapeutics, a therapeutics company, raised $150,000 from the Concordia Angel Network in a Simple Agreement for Future Equity. The company will use the funds to lease office space and expand their research in estrogen biology to advance their drug closer to human clinical trials.

metaMe Health raised $2.2M to bring their irritable bowel syndrome solution to market.
metaMe Health, a prescription digital therapeutic company and developer of Regulora®, raised $2.2 million in a bridge round led by Hyde Park Angels. They will use the funds to continue preparation for Regulora’s market launch and building out metaMe’s commercial infrastructure. Since the raise, metaMe Health has secured a partnership with Indegene to bring Regulora to market. Learn more about metaMe Health’s journey in their startup spotlight here.

OpenLoop raised $8M to expand their technology infrastructure and build out their team.
OpenLoop, a healthcare technology startup delivering full stack clinical support, raised $8 million in a Series A round led by SpringTide Ventures. The company plans to expand their technology-enabled infrastructure and will double their headcount by hiring for their practice management and revenue cycle management teams.

Vivante Health raised $16M to accelerate growing member base and scale commercial growth.
Vivante Health, the leading digital solution for digestive health, raised $16 million in a Series A round led by 7wireVentures. Nearly one in four Americans live with a digestive disease, and Vivante Health’s unique, patient-centric approach provides an all-in-one digestive health solution, helping achieve patient outcomes at scale and lower costs for employers. The latest funding will accelerate the company’s growth and help scale their commercial efforts.

Six MATTER startups took top prizes in innovation competitions.

Debtle won the American Family/We Energies award at Project Pitch It.
Debtle, a cloud-based software that automates, improves and simplifies the negotiation and settlement of overdue invoices, won the American Family/We Energies award at Project Pitch It. Debtle allows healthcare providers to cut out the middle person and easily negotiate with patients.

Epic Airway Systems won the 2022 BenDaniel Venture Challenge.
Epic Airway Systems, a medical device company, won the 2022 BenDaniel Venture Challenge, hosted by Big Red Ventures. Epic Airway Systems pitched their patented airway treatment at the annual pitch competition and took home $25,000.

MindTrace won the Pittsburgh Inno Madness competition.
MindTrace, a machine learning platform for neurosurgeons, won the inaugural Pittsburgh Inno Madness competition. MindTrace aims to simulate surgical plans and predict a patient’s potential cognitive outcome all before a surgery begins, giving patients and surgeons confidence creating a successful patient outcome.

NXgenPort tied for the top prize at MedCity INVEST Pitch Perfect competition.
NXgenPort, a medical device company, tied for the top prize in the remote patient monitoring and smart devices track of the MedCity INVEST Pitch Perfect competition. NXgenPort is designing the next generation of implantable port-catheters utilizing optical sensors that enable remote patient monitoring and report changes in physiological function over course of treatment.

OmniLife won the 2022 Lyfebulb-CVS Kidney Care Innovation Challenge.
OmniLife, a mobile health information technology company, won the 2022 Lyfebulb-CVS Kidney Care Innovation Challenge and took home $25,000. The company will use the funds to further develop their end-to-end communication and collaboration solutions built for transplant teams to automate the intake and patient referral management process. Building on this success, OmniLife also secured a $250,000 Small Business Innovation Research (SBIR) grant from the National Institutes of Health.

OrisDx won the 2022 Polsky New Venture Challenge.
OrisDx, a member of MATTER’s SMILE Health cohort, won the 2022 Polsky New Venture Challenge and took home $665,000 in investment. The company will use the funds to further advance their solution, a novel saliva-based molecular diagnostics test to detect pre-cancers and cancers of the oral cavity.

Four MATTER startups secured impactful partnerships to help expand and scale their business.

HealthBeacon launched product in U.S. in partnership with Hamilton Beach Brands.
HealthBeacon, an Ireland-based digital health technology company, announced the launch of the Smart Sharps Bin from Hamilton Beach. The launch brings a direct-to-consumer solution to more than 9 million patients in the U.S. learning how to self-administer injectable medication for chronic conditions.

HUED partnered with Vaseline to launch See My Skin.
HUED, a digital health company, partnered with Vaseline to launch See My Skin, a first-of-its-kind online database to search dermatological conditions on skin of color. The database guides consumers searching skin conditions and helps provide them access to quality and impartial skin care by connecting people with board-certified dermatologists who can provide them with proper care.

KLOC HEALTH partnered with Mayo Clinic.
KLOC HEALTH, a healthcare software solutions platform, entered into a know-how agreement with Mayo Clinic to co-create a mobile, on-demand nurse staffing solution. The collaboration will focus on utilizing the KLOC HEALTH staffing platform to match nurses with immediate, short- and long-term assignments across a variety of factors. The platform will be launched as a pilot at Mayo Clinic and go live by summer 2022.

Ready, Set, Food! partnered with buybuyBABY on a distribution deal.
Ready, Set, Food!, an early allergen introduction system, partnered with buybuyBaby, a Bed, Bath, and Beyond subsidiary, to be included in their parent-founded Buzzworthy Brands portfolio. The partnership will bring Ready, Set, Food!’s products to select stores and online at buybuybaby.com.

MATTER members reached milestones like acquisitions, receiving grants and more.

AIQ Solutions was awarded a $2M grant with the National Institutes of Health.
AIQ Solutions, a medical software technology platform, was awarded a $2 million SBIR grant from the National Institutes of Health. The grant will fund the development and commercialization of a novel technology for the analysis and prediction of treatment response in cancer patients treated with immunotherapy.

Alerje launched a comic series raising food allergy awareness.
Alerje, a food allergy management innovation company, launched The Smart Defenders, a monthly illustrated comic series raising awareness around food allergies. The series will serve as a resource to inspire families managing food allergies and oral immunotherapy.

Clara Health was acquired by M&B Sciences.
Clara Health, a technology company increasing patient access to clinical trials, was acquired by M&B Sciences. Clara Health’s innovative patient recruitment and retention platform will enhance M&B Sciences’ decentralized and hybrid trial technology tools, making it the leader in the clinical trial space.

cliexa joined Mayo Clinic’s Platform_Accelerate Program.
cliexa, a patient engagement platform, was accepted into Mayo Clinic’s Platform_Accelerate Program, a 20-week program helping early-stage health tech AI startups become market ready. The program provides participants access to Mayo Clinic experts in regulatory, clinical, technology and business domains to further advance their solutions.

ConnectCareHero acquired HappyGram.
ConnectCareHero, a social determinants of health platform that helps organizations tackle social isolation in older adults, announced their acquisition of HappyGram, a card delivery service for older adults. HappyGram is currently in more than 300 healthcare communities and brings another service to ConnectCareHero to combat loneliness by helping older adults feel more connected to their loved ones.

Rubitection was awarded Health Equity FlexGrant.
Rubitection, an early-stage medical device startup, was awarded a Health Equity FlexGrant from the West Coast Consortium for Technology & Innovation in Pediatrics. They will use the funds to continue to develop their skin health and care management tool to improve the detection, risk assessment and care management of dermatological and vascular conditions.

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