Wellness: prevention > intervention

The holy grail of healthcare is prevention rather than intervention, and investors are turning their attention to the role remote monitoring and wearables can play in boosting patient outcomes. 

Startups are developing digital tools to provide personalised and "engageable" self-care solutions, in the form of patient-centred preventative healthcare. Connectivity and continuous monitoring are game changers for prevention and proactive care, recovery, as well as insurance and financing. 

Big tech players are pairing wearables tools with fitness and wellness offerings. Peloton just released a new wearable heart rate monitor; Amazon launched its new Halo View wearable with a membership service that includes workout classes and a meal-planning service; WHOOP recently released the latest version of its wearable with a pulse oximeter and a skin temperature sensor. 

Remote monitoring and wearables startups have raised more than $4.2B globally over the last four years. Global VC funding has gone from $354M in 2016 to $2.1B in 2021, a 5.9x increase. In 2021, Europe’s share of global VC investment was higher than ever, with 63%; 30% corresponds to investment in US startups. 

VC investment into remote monitoring and wearables startups

In other news

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🚬 Mysterious Effects of Smoking May Surface Even 3 Generations Later, Study Finds. It's possible this is just a correlation somehow, not an effect caused by exposure to tobacco smoke.

🤧 Nanoparticle nasal spray protects mice against many flu strains. These comprehensive immune responses and cross protection were long lasting, exhibiting defense from influenza virus over six months after immunization.

🍭 Insulet scores FDA greenlight for Omnipod 5 insulin delivery system. The pump integrates with the Dexcom G6 continuous glucose monitor to automatically adjust insulin levels depending on blood glucose. It can be worn for up to 72 hours.

Latest healthtech and biotech deals

The largest from last week:

🇺🇸 Enable Injections, a Cincinnati-based startup developing and manufacturing the enFuse platform of investigational wearable drug delivery systems, raised $215M in Series C.

🇺🇸 Alto Pharmacy, same-day delivery of prescription medicines, raised $200M in Series E at $1.3B valuation. 

🇮🇱 ImmPACT-Bio, clinical-stage company developing the next generation of cancer cell therapies, raised $111M in Series B.

Other notable deals from around the globe:

🇨🇭 DistalMotion, medical robotic devices for minimally invasive surgery, raised $90M in Series C.

🇩🇪 MAYD Group, same-day delivery medicine delivery, raised $34M in Series A.

🇮🇱 Sensi.Ai, AI-powered in-home virtual care agent, aiding long-term care providers to help seniors age, raised $14M in Series A.

🇫🇷 Cureety, software medical device which improves follow-up and care of patients having cancer, raised €5M. 

Read up on all the latest health deals in Dealroom.co

Tip of the week

In the Investors section, you can find the list of investors in Healthtech and Biotech startups. You can also filter by type of investor, its location, number of rounds, Dealroom’s prominence rank, portfolio size and more. For instance, here you can find the most active European VC investors in the last 12 months. 

Job opportunities

BioNTech is hiring for 271 positions in Mainz, Berlin, Cambridge, and more.

Ada Health is hiring for 73 positions for Director of Product, Senior Business Analyst, Medical Knowledge Physician, and more. 

COMPASS Pathways is hiring for 13 positions in London.

Discover 125K jobs openings at healthtech and biotech startups. (login for full results)

Dive in

🎟️ With Emerge Global Health Innovation conference coming up in March, grab your tickets now, and dive into our joint report on Health & Biotech in the meantime

🎓 Healthtech & Biotech university spinouts

🗺️ Healthtech investment heatmap

🦄 New Healthtech and Biotech unicorns announced in 2021 alone.

Knowledge partners

Laura Rodriguez

Healthtech Specialist
Dealroom.co

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