November 27, 2019
Startup Shoutouts: Funding edition
So far in 2019, MATTER startups have raised more than $1 billion in funding to scale their solutions that advance care and improve lives. Here’s a look into the recent venture capital raised and National Institutes of Health (NIH) grants received by MATTER startups.
AiCure: $24.5M Series C
For only the second time in their 10 year history, AiCure raised a new round of venture capital: $24.5 million in Series C funding to advance research-grade data insights for life science companies. The company has developed an interactive medical assistant that uses artificial intelligence to see, hear and understand how people in a treatment program are responding to their interventions.
Apervita, a cloud-based platform that helps payers and healthcare providers share and scale data analytics and insights, raised $22 million to advance their product development, sales and marketing initiatives. This raise came following Apervita’s recent merger with Boston-based Qcentive.
CareBand: Phase I SBIR grant (undisclosed)
CareBand received Phase I Small Business Innovation Research funding from the NIH to determine whether their system can detect agitation in people living with Alzheimer’s disease and related dementias. CareBand’s wearable technology platform uses a long-range wide area network (LoRa) to provide caregivers with crucial location and movement insights for their patients.
Endotronix: $25M Series D
The cardiology device company raised $25 million from investors like the Polsky Center and Mansueto, bringing their total Series D funding to more than $70 million. The funds from this round are currently being used to conduct late-stage patient trials in the U.S. and Europe for Endotronix’s implantable pulmonary artery pressure sensor and patient management platform. These technologies help doctors to detect cardiac problems earlier — so they don’t turn in to heart failure events.
Enduvo: $1.2M Phase II SBIR grant
Enduvo was awarded a $1.2 million contract from the Air Force Small Business Innovation Research Phase II Program to help train pilots, maintenance teams, medical practitioners and first responders in the Air Force. Enduvo’s technology makes it possible to develop immersive augmented and virtual reality (AR/VR) training experiences for technical industries like healthcare and the military — without the coding or high costs that are usually associated with AR/VR.
Surgical Innovation Associates: $4M Series A and a $2M SBIR grant
The medical device company developing implantable, absorbable devices for reconstructive and aesthetic surgery raised $4 million from investors including the Harvard Business School Angels. They also secured an additional $2 million grant from the National Cancer Institute through the Small Business Innovation Research (SBIR) program. The funding will be used to complete a clinical trial that aims to expand SIA’s first product, DuraSorb Bioresorbable Mesh for use in prosthetic breast reconstruction.
Renalis: $231K NIH grant
Renalis, a digital platform focused on creating solutions, driving access to care and enhancing outcomes in the field of pelvic health, received a $231,000 innovation research grant from the NIH. The grant will be used to build and test a version of the company’s platform through a community-based usability study and a 36-person trial to identify how women interact with the software and gauge their confidence in sharing pelvic health information with the community.