Investing
The company received the funds as part of growth equity financing.
HealthJoy, Hazel Health, Navina, Galen Robotics, Midi Health and Lumata Health also announced funding rounds.
HSS announced it raised $21 million in Series A funds to launch the new company.
Noala, Elion and Upheal also announced funding rounds.
The company will speed up its clinical trial recruitment measures, raise awareness of post-approval treatments and support cancer research.
During a discussion at the Frontiers Health Global Hybrid Conference, panelists said a more competitive funding environment could push startups and investors to focus on quality.
Genomic testing company Variantyx raised $20 million in debt financing, and mental health provider Mindful Care scooped up $7 million.
The company will use the funds to expand its platform and accelerate global commercialization.
The company will expand its network and platform and increase R&D investments.
The virtual care startup for LGBTQ+ patients will also use the investment to expand its recently launched enterprise offering.