Portfolio News

First Venture Fund for Black-Owned Health Startups Launches with $55 Million

Health-tech startups have experienced immense success over the past two years. The need for remote care skyrocketed, and many digital health services found themselves outpacing initial growth projections as $29.1 billion was funneled into U.S. digital health startups in 2021 alone, according to Rock Health data. The surge in funding wasn’t felt by everyone, though. According to a 2020 Rock Health survey of nearly 700 health startup leaders, support for Black founders was inadequate. This inequity resulted in Black founders being more likely to bootstrap their...

Drugs by Drone: Good Idea?

With positive results from early tests, the drone industry is hopeful that lawmakers will increase their leniency in regulating drones. With this hope come questions about what should be considered a drone-deliverable item, specifically when it comes to controlled substances like pharmaceuticals. There are many angles to this discussion, though Amazon and CVS have already teased medication delivery by drone. Some hurdles still stand in the way of drones delivering medication: Certain populations will be excluded from service because of drone regulations, drones can be shot...

AllStripes: How this HealthTech Company Leverages Science to Advance Rare Disease Research (Pt. 1 & Pt. 2)

A two-part interview with AllStripes co-founder Nancy Yu on PatientWorthy went in depth about Yu’s background, why she started the company, and plans for the future. It begins by highlighting her interest in how science and technology interact with one another. Yu explained how growing up near the technology industry in the Bay Area had an impact on her career path. “I was at an intersection between doing science and research in the lab and trying to figure out how to get that technology into the...

THCB Spotlights: Chris Gervais, CTO of Kyruus

Kyruus has grown quite a bit since it first started as a hospital appointment scheduling platform, and the company aims to continue that trend with its recent acquisition of HealthSparq. With this move, the company plans to bridge the gap between providers and payers and expand their presence in both areas. Kyruus CTO Chris Gervais described the motivation behind the acquisition in an interview with The Health Care Blog, pointing out that “the relationship between payers and providers has started to change in a lot of...

AI: Leveraging Wearables and Other Patient-Generated Data in Research

Luca Foschini, PhD, is chief data scientist and co-founder at Evidation Health. In a recent interview he discussed how artificial intelligence interacts with patient-generated data to create advancements in clinical studies for pharmaceutical and biotech companies. Smartphones and smartwatches are used daily around the world to collect data on various health statistics like heart rate, blood pressure, and use of medication. Foschini described this as an advancement for patient health, considering that “most people, if they are lucky, spend less than 1% of their time visiting...