digital health funding
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The new fund will follow in the footsteps of its predecessor, targeting technology investment opportunities that drive value-based healthcare.
The service will be launching for consumers this fall.
The round was led by Washington-based Laidir Foundation.
The new funding will be used to help grow Vine's team and develop its platform.
Philips Health Technology Ventures, Vesalius Bio Capital lll and Health Innovations contributed to this round.
Mercom Capital Group's latest numbers also suggest that upcoming IPOs could cast a long shadow on the direction of digital health investing.
The round was led by 30Ventures with participation from Rise of the Rest Seed Fund and Flying Point Industries.
The company's products include an app-based service with original music and guided meditation content, and a cushion that pulses in sync with the audio.
Mahmee already services a network of more than 1,000 providers, but will expand its team with Serena Williams, Arlan Hamilton and Mark Cuban's support.