Norwest Venture Partners

Healthcare investors Irem Rami and Sam Lesser discuss the unique challenges and opportunities associated with value-based care initiatives.

HealthQuest led the round with contributions from New Leaf Ventures, Montreux Growth Partners, Norwest Venture Partners, Invus and Industry Ventures.

Although the activity tracking and consumer health market is growing more crowded every day, Casper de Clercq, an investor recently promoted to general partner at Norwest Venture Partners, said in the future it will be medical-focused, not consumer, wearable companies that offer the better return on investment.

Healthcare-focused secure messaging company TigerText has raised $50 million led by Norwest Venture Partners with participation from Invus Group and Accolade Partners, as well as existing investors Shasta Ventures, OrbiMed, and Reed Elsevier.

San Francisco-based Omada Health has raised $48 million in a round led by Norwest Venture Partners with participation from existing investors US Venture Partners, Rock Health, and Andreessen Horowitz as well as new investors GE Ventures and dRx Capital.

Aliso Viejo, California-based healthcare provider Crossover Health raised $15 million from Norwest Venture Partners (NVP) to enhance its patient-facing tools, which include an iPhone app, and create a population health analytics offering.

Bethesda, Maryland-based cellular-enabled blood glucose meter company Telcare has raised $32.

Venture funding for biosensing wearables, reached $282 million in 2013, five times what it was in 2011, according to a recent report and webinar from Rock Health.

iRhythm Technologies, maker of the Zio patch peel-and-stick heart monitor, has raised $17 million in a round led by Novo A/S, a Danish life sciences investment firm.