Digital Health

The company said it would use the Series A to expand its team, build its provider network, and add partnerships with health systems and payers.

The researchers found 20 of the 23 apps reviewed shared data with third parties. Only 16 displayed a privacy policy, and three collected data before consent.

Also: Precision oncology platform OncoHost scores $35 million, home care startup Reverence emerges from stealth with $9.5 million and pediatric behavioral health startup Handspring Health completes a $6.2 million seed round.

The companies said their long-term goal is to develop and offer more digital health tools "through a multi-partner ecosystem" as well as advocate for reimbursement options.

The funding will also go toward attracting leadership talent and accelerating product development, marketing and sales.

The digital mental health unicorn confirmed it received a grand jury subpoena from the U.S. Attorney's Office for the Eastern District of New York on the evening of May 4.

The clearance represents what could be the world's first regulatory approval of a DTx app for hypertension treatment.

Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.

The size of the healthcare industry is attractive to entrepreneurs, but the highly regulated field can be a challenge for startups.

Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.