ConcertoCare Raises $105 Million; Future lands $75 million for fitness startup
Tech-enabled home care provider, ConcertoCare, raised $105 million in Series B funding. Wells Fargo Strategic Capital led the funding round with participation from Obvious Ventures, Vast Ventures, the Schusterman Family Foundation, SteelSky Ventures, Pennington Partners and Deerfield Management.
The company has developed a data analysis and decision support tool designed to guide patient care. In addition, the company uses digital devices to remotely monitor patients.
The news comes alongside the announcement that ConcertoCare has purchased Crown Health, the primary care physician.
“This commitment from our new and existing investment partners allows us to continue to innovate, grow, and improve health outcomes and quality of life for these vulnerable patients who have all too often failed the traditional American healthcare system, a situation often exacerbated by health inequalities will,” said Dr. Julian Harris, Chairman and CEO of ConcertoCare, in a statement.
Fitness-focused startup Future announced a $75 million Series C funding round. This happens about a year and a half after the company collects $24 million in Series B funding. To date, the company has raised $110 million in venture capital. Trustbridge Partners led the round, with participation from Kleiner Perkins and individual investors.
The Company offers a membership-based fitness service that uses a one-to-one coaching model. The capital injection is expected to help fuel the company’s marketing and product development efforts. The company also plans to add new categories of health coaching in the future.
The company has attracted celebrity attention through sister-brother duo Kate and Oliver Hudson. The two are individual investors in the startup and will be collaborating with Future to host a podcast series.
Getlabs, a Miami, Fla.-based startup that allows patients to book a lab test at their home, received $20 million in Series A funding. The round was led by Emerson Collective and the Minderoo Foundation, with participation from Tusk Venture Partners, Labcorp, Healthworx, Byers Capital and individual investors.
The organization also announced the launch of its API service for healthcare organizations. Getlabs has created a platform that allows patients to request a specialist to come to their home or office. The labs can be pulled on site and delivered to a lab. According to the company site, Patients can then get their labs from their doctor or Apple Health.
MSK digital company Formus Labs raised $5 million for its 3D joint replacement surgery planning tool. GD1 led the funding round with participation from Punakaiki Fund, Icehouse Ventures, Pacific Channel and Flying Kiwis.
Formus has developed a digital tool that can give surgeons automated and personalized plans for an individual patient’s joint replacement needs.
The New Zealand company plans to use the money to expand its products and enter the US market.
“Our goal is to make orthopedic surgery as easy as possible by equipping surgeons with the latest cutting-edge technology, so that every joint replacement has a Formus plan that reduces the need for revisions, inspires confidence, and allows for better outcomes for patients who are lower.” Costs”, dr Formus Labs founder and CEO Ju Zhang said in a statement.