Data exchange platform Particle Health scores $25M and more digital health fundings


Data exchange platform Particle Health announced this week it had raised $25 million in funding, about two years after a $12 million Series A round

The startup said the raise brings its total funding pot to $39.3 million. The round was led by Canvas Ventures with participation from Menlo Ventures, Story Ventures and Pruven Capital.

Particle offers an API platform that aggregates and standardizes patient medical record data for provider organizations, pharmacies and virtual care companies.

“Particle Health was founded with the mission to dramatically change lives through access to vital medical data. Since day one, we’ve established ourselves as an industry leader that standardizes records, identifies key pieces of information, and focuses on patient attributes that lead to more clinically relevant decision making,” CEO and cofounder Troy Bannister said in a statement. 

“With this latest round of funding, our team is looking forward to evolving the capabilities of our API platform further to empower our users with even more meaningful and actionable data.”

EHR maker Canvas Medical scooped up $24 million in a Series B funding round led by M13.

Other participants in the raise include Haystack and previous investors Inspired Capital, IA Ventures, Upfront Ventures and Irongrey. The startup scored $17 million in 2021 and $3 million in 2018. Alongside the funding, Canvas also announced it had received certification from the Office of the National Coordinator for Health Information Technology. 

“We are thrilled to lead the Series B in Canvas Medical,” M13’s Latif Peracha said in a statement. “Canvas serves digital-enabled care-delivery companies and fosters developer-caregiver collaboration to design and implement better care models for patients. Canvas is building the enabling infrastructure to power the entire digital health market, and we believe they will win by driving competition among services and applications that touch the end patient.”

Virtual cardiovascular rehabilitation program Moving Analytics announced this week it had scored $20 million in Series A financing.

The round was led by Wellington Access Ventures and Seae Ventures with participation from Philips Ventures, SteelSky Ventures, Aphelion Capital, Nueterra Capital and Citi Ventures. The Series A brings Moving Analytics’ total raise to $30 million.

The startup will use the investment to hire new staffers, expand its provider network to serve patients in all 50 states, ensure its programs meet the needs of women and minority patients, and lobby for increased awareness of virtual rehab.

Pediatric virtual behavioral health company Brightline added another $10 million to its Series C round, bringing the total to $115 million.

The strategic investment and partnership with New York-based health system Northwell Health will allow the startup to coordinate with partners for specialty care, add interactive content, expand services for teenagers and add benefits for employees.

“Pediatric behavioral health has been declared a national crisis and the demand for services is experienced across the healthcare landscape,” Dr. Victor Fornari, vice chair and director of child and adolescent psychiatry at Northwell Health, said in a statement. “At Northwell, demand for services has been immense and we look forward to collaborating with the Brightline team as they broaden access to services using technology, virtual care and education.”

Virtual eating disorder treatment startup Arise scored more than $4 million in seed funding.

The seed was led by Greycroft and BBG Ventures, and included participation from Wireframe Ventures, Cityblock cofounder Iyah Romm, Sonder Health founder Dr. Sylvia Romm and PatientPing founder Jay Desai.

The startup plans to offer a community care beta program in late summer, with its full care model launching with clinical services in the fall.


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