StartUp Health Insights: Cancer Detection Startup Closes Nearly $59M | Week of May 2, 2023

From cancer detection tests to fertility clinics, rapid diagnostic tools to muscle assessment technology, this week’s health innovation investments went to startups in Austin, Toronto, New York, London, and more.

Foresight Diagnostics, an Aurora, CO-based developer of cancer detection tests, raised $58.75M led by Foresite Capital, with participation from Civilization Ventures, Bluebird Ventures, Pear Ventures, Agent Capital, Stanford University, and The University of Colorado Healthcare Innovation Fund. <source>

Uwill, a Natick, MA-based mental health and wellness solution for colleges and students, raised $30M led by Education Growth Partners. <source>

Pattern Bioscience, an Austin, TX-based company that specializes in rapid diagnosis and antibiotic susceptibility testing for bacterial infections, raised $28.7M led by Illumina Ventures and Omnimed Capital, with participation from the Antimicrobial Resistance Action Fund and Daleshaw. <source>

Practice Better, a Toronto, ON, Canada-based all-in-one practice management software platform for health and wellness professionals, raised $27M led by Five Elms Capital. <source>

Kindbody, a New York, NY-based fertility clinic network and global family-building benefits provider, raised $25M from Morgan Health. <source>

Odaia, a Toronto, ON, Canada-based developer of an AI-powered commercial insights SaaS platform for pharmaceutical companies, raised $25M led by Threshold Ventures and Monograph Capital, with participation from Wittington Ventures, Flint Capital, BDC Capital’s Women in Technology Venture Fund, StandUp Ventures, and Graphite Ventures. <source>

TympaHealth, a London, England, UK-based ear and hearing health assessment system company, raised $23M led by Octopus Ventures, with participation from Dara Capital, Rezayat Investments, Bob Davis, Jeff Leerink, and existing investors. <source>

Hygieia, a Livonia, MI-based digital therapeutics company for insulin therapy, raised $22M led by Firstime Ventures, with participation from undisclosed investors. <source>

Springbok Analytics, a Charlottesville, VA-based startup providing technology that transforms static 2D imagery into precise 3D muscle assessments, raised $3M led by Transition Equity Partners, with participation from the NHL’s Chicago Blackhawks, the FSHD Global Research Foundation, Titletown Tech, CAV Angels, and angel investors. <source>

Lasso MD, a San Diego, CA-based all-in-one marketing solution for dental and medspa practices, raised $2M led by Trestle Partners. <source>

Mi Alma, an Atlanta, GA-based platform for those experiencing grief and loss, raised $1.5M from angel investors. <source>

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StartUp Health Insights: Cancer Detection Startup Closes Nearly $59M | Week of May 2, 2023 was originally published in StartUp Health on Medium, where people are continuing the conversation by highlighting and responding to this story.

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