Emily Olsen
SteadyMD announced a $25 million Series B raise in March 2021.
Florence announced it had raised $80 million in its Series C round in May 2021.
Of the 224 companies analyzed, 98 received a clinical robustness score of zero.
Also: Oma Fertility emerges from stealth with $37.5 million in equity and debt financing, and payer data platform Abacus Insights scores $28 million.
Equip CEO and cofounder Kristina Saffran discusses the virtual eating disorder treatment startup's nationwide expansion and why the space needs more research and innovation.
The startup's smartphone-administered digital therapeutic for fibromyalgia received FDA Breakthrough Device designation last year.
The round comes nearly a year after the company announced a $66 million Series C.
According to the Wall Street Journal's reporting, the Federal Trade Commission is investigating whether the startup was involved in deceptive or unfair marketing or advertising practices.
The deal will allow the company to offer a combination of in-person physical therapy and virtual coaching tools.
The all-cash deal is expected to close by the end of the year, subject to regulatory clearance.