Investor
The marriage of Teladoc Health and Livongo stood out amidst a quarter with relatively few M&A deals.
HealthQuest led the round with contributions from New Leaf Ventures, Montreux Growth Partners, Norwest Venture Partners, Invus and Industry Ventures.
Hemant Taneja, managing director of General Catalyst, talks about what tech can learn from health and vice versa.
The company also announced a new partnership with Anthem.
The company's technology allows outside experts to virtually support surgical teams while they're conducting a procedure.
The startup said that the new funding will go towards expanding into all 50 states.
The company also announced that it raised $15 million in funding.
The deal rates Clover at an enterprise value of about $3.7 billion and is expected to close in early 2021.
Like others in the space, the 43-year-old owner of the NordicTrack, Freemotion, ProForm and iFit brands has seen revenues rise amidst social distancing.
Investment proceeds will primarily fund FDA registration studies and opening of US headquarters.