$75M raised for health benefits company
MINNEAPOLIS, MN—Health benefits company Gravie has raised $75 million in a Series E round of financing led by Georgian, a fintech for growth-stage software companies. Other participating investors include FirstMark Capital, AXA Venture Partners, Split Rock Partners and Revelation Partners. The capital will be used to fuel Gravie’s growth in product and technology, sales and marketing, and expansion into new markets through new and existing distribution channels.
University of Pittsburgh spinout closes on $15M
PITTSBURGH, PA—Apollo Neuroscience, a spinout from the University of Pittsburgh, has closed a $15 million Series A round led by Toronto-based Noetic Fund. Apollo focuses on new treatment methods for PTSD, depression, and trauma disorders; one product is a wearable device that uses tactile vibrations to reduce stress. This funding round brings the company’s valuation to over $100 million.
Health tech co. raises $8M in capital
DES MOINES, IA–OpenLoop, a health tech company that connects clinicians with innovative digital health companies, today announced their Series A financing of $8 million. The latest capital brings OpenLoop’s total raised to approximately $11 million. The round was led by SpringTide Ventures.