News
As part of a global trend for health insurers, the cornerstone investment in XT Ventures will further HCF's "deep pedigree in helping innovative startups".
Also: Wysa receives FDA Breakthrough Device Designation for its mental health chatbot, and Pear Therapeutics expands its telehealth partnership program.
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 startup also announced a new product called Clear Contracts that aims to improve the direct contracting process.
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 clinical trial with Huntsville Heart Center is expected to be completed by October.