Activ Surgical, a Boston-based digital surgery startup, announced a $45 million Series B funding round today. Cota Capital led the round along with new investors BAM Funds, Magnetar Capital, Mint Ventures, Castor Ventures, Dream One Vision, and NVIDIA.
Investors from the company’s previous raises also chipped in, including DNS Capital, Tao Capital Partners, LRVHealth, Rising Tide VC, GreatPoint Ventures (GPV), and ARTIS Venture.
The new funds bring Activ Surgical’s total amount raised to $77 million. The company has made a name for itself by creating hardware-agnostic technology that uses computer vision and robotics to drive autonomous and collaborative surgical procedures.
Activ Surgical will put the new cash towards commercializing its recently announced ActivInsights software suite, pursuing CE marking in support of global expansion and developing machine learning features.
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End-of-life support platform Empathy has closed a $30 million Series A funding round led by Entrée Capital. The raise comes less than six months after the company exited stealth mode with $13 million in funding.
Additional investors include General Catalyst, Aleph, LocalGlobe, and Primetime Partners, as well as angel investors Shai Wininger (CEO and co-founder of Lemonade), Sir Ronald Cohen, John Kim (ex-president of New York Life), and Micha Kaufman (CEO and co-founder of Fiverr).
Empathy’s platform leads grieving families through end-of-life bureaucratic tasks such as arranging a funeral, validating a will, canceling accounts, and cleaning out properties. It also has a human-support element in which loss experts are available to provide emotional and practical advice.
The company will use the funds to grow its U.S. presence, launch new products, foster strategic partnerships, and grow its internal team.
New York City-based venture company AlleyCorp has launched its first early-stage venture capital fund and incubator dedicated to healthcare.
The $100 million funds will target New York City-native digital health startups. AlleyCorp also plans to partner with healthcare companies across the country, specifically focusing on biotech and diagnostics.
AlleyCorp has previously served as a co-founder or investor for several digital health companies, including Nomad Health, Vori Health, Pearl Health, and Memora Health.
“This past year highlighted that there are so many parts of the healthcare system still to be improved with technology. AlleyCorp has had tremendous success to date in healthcare, and we feel compelled now to do even more,” AlleyCorp Founder Kevin Ryan said in a statement. “We are proud to take on this work from New York City, which has emerged as the world’s leading digital health hub.”
Source: Mobihealthnews
