Tendo Systems closes $50M Series B to connect patients and providers, NexHealth raises $31M to help practices manage operations, and more digital health fundings

Also: Syllable scores $28M to support health system partnerships, digital training platform Virti snags $10M and BioT eyes growth opportunities after completing seed round.
By Mallory Hackett
12:57 pm
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Photo: Kwanchai Lerttanapunyaporn/EyeEm/Getty Images

Healthcare software company Tendo Systems has closed a $50 million Series B funding round led by Lux Capital. General Capital, which led the company’s Series A round, also participated.

Since its founding less than a year ago, Tendo has raised a total of $69 million and is now valued at $550 million, according to the announcement.

Tendo’s yet-to-be-released digital engagement platform and connected applications aim to join patients and providers throughout the care experience. The company did not specify what the new funding would be used for.

“It’s time to put patients and clinicians back at the center of the healthcare experience, and move away from endless paperwork and outdated systems,” Dan Goldsmith, CEO of Tendo, said in a statement. “Over the past two decades, we’ve seen technology power the digital transformation of industries, delivering massive advances in how we work and live.

"As consumers, we’ve become accustomed to accessing services, products, and media at the tap of a key or the touch of a screen – connected, coordinated, and available. These realities exist just about everywhere today, except in healthcare. We can do better.”


Roughly one year after it closed a $15 million Series A round, NexHealth announced an additional $31 million in Series B funding. The round was co-led by Jeffrey Katzenberg, founder of Dreamworks, and Josh Buckley, founder of Buckley Ventures and CEO of Producthunt.

The San Francisco-based startup offers a full suite of technology tools to help provider practices manage both the patient-facing experience and back-end administrative processes. The platform handles online booking, billing through texts or emails, automated recalls and reminders, two-way messaging and a service that solicits and highlights favorable reviews from customers.

NexHealth plans to put the new capital towards expanding its product and operations with a mission to accelerate healthcare innovation by connecting patients, providers and developers.


Syllable, the maker of artificial intelligence-powered patient assistant products, has raised $28 million in a Series B funding round. The round was led by Oak HC/FT with participation from previous investor Section 32.

The company has a voice assistant for call centers that automatically guides patients through the workflow or connects them to a live operator for unrecognized requests. It also built a web assistant that helps patients navigate provider websites, including administrative and medical departments, medical services and specific doctors.

“Syllable has been building an enterprise assistant that modernizes the healthcare contact center and improves the patient experience to be more convenient, reliable and empathetic. This funding marks a major milestone that will accelerate our progress towards realizing this vision,” Kobus Jooste, CEO of Syllable, said in a statement.

With the new cash, Syllable will scale its partnerships with health systems, deploy with payers and grow its team.


Digital training platform Virti has snagged $10 million in a Series A funding round led by IQ Capital and joined by Cedars-Sinai Medical Center and a new, U.K.-based learning technology VC fund.

The company got its start using AI to create worker training modules for the healthcare setting, but is now expanding into other enterprise training such as sales and management.

Virti will use the Series A funding to support company growth and research and development into new training technologies.

“Virti exists to help organizations get the very best out of their people, by improving how teams train, learn and perform using scalable deep learning technology with a focus on soft-skills,” Dr. Alexander Young, CEO and founder of Virti, said in a statement.

“We feel privileged to have both deep tech experts and world-leading educators on our cap table in this round to help us achieve our ambition of becoming the world’s leading developer and distributor of deep learning and digital training solutions.”


BioT, a connected device management platform for manufacturers, has closed a $6.5 million Seed round led by Bridges Israel, with North First Ventures and XT Hi-Tech also participating.

The platform provides medical device-makers a secure, HIPAA and GDPR-compliant cloud platform where they can connect their device, execute algorithms, disseminate alerts and engage with patients and caregivers remotely.

"BioT invites IoMT innovators to see how a proven, reliable platform can expedite their time to market, reduce dramatically their costs and jump over regulatory barriers, while enabling them to continue and focus on their core expertise" Daniel Adler, cofounder and CEO of BioT, said in a statement.

"Our mission with BioT is to accelerate the well-needed vision of providing better treatment for patients wherever they are as if they got it at the best hospitals and clinics in the world."

The capital will go towards growing the BioT team, creating platform improvements and increasing sales in the U.S. and Europe.


Vancouver, Canada-based Plantiga has announced the closing of its $1.2 million funding round. Harlo Equity Partners led the raise with participation from Globalive Capital Partners, Rian Gauvreau, the founder of Clio, and professional athletes Thaddeus Young, Patrick Patterson and Will Fuller.

Plantiga makes sensor insoles for athletes that measure the user’s movement and connect to a virtual platform for detailed analysis and recommendations.

"Our goal is to positively impact millions of people by focusing on optimizing both their movement health and performance," Quin Sandler, founder and CEO of Plantiga, said in a statement. "We know very little of how people move, and especially in the real world, but the way someone moves tells us so much.

"We can optimize our movement patterns. We can increase mobility, range of motion, speed and more. We can push the boundaries of what's currently possible."

The funding will be used to accelerate marketing and sales efforts while supporting the build-out of its self-monitoring capabilities.

 

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