Investor

Dr. Liz Kwo and Timothy Lee outline reimbursement strategies for digital health startups. 

The announcement comes just weeks after the company reported it let go of approximately 35% of its workforce.

The femtech company also announced users can invest in the app via crowdfunding platform Crowdcube and contribute to its development.

Its latest funding will also go to building new capabilities.

After a drought in rounds worth $100 million or more over the past few quarters, Rock Health noted six in the first quarter of 2023. They made up 40% of total digital health funding in Q1.

The startup provides an app that rewards patients for completing health behaviors like taking medications or monitoring blood pressure.

Bill Taranto, president of Merck Global Health Innovation Fund, talks about the funding environment and how digital health companies can ensure investment this year.

Venture capital panelists discussed how the collapse of Silicon Valley Bank earlier this month could affect digital health at ViVE 2023.

Bob Fine, executive director and founder of the International Virtual Reality Healthcare Association (IVRHA), discusses the 7th Annual Virtual Reality and Healthcare Global Symposium, its evolution, and recent exhibitors and speakers.

GV, Thrive Capital and Salesforce Ventures led the company's seed funding round.