Health Technologies

Discover the latest developments in health-tech investment

Health Tech World explores the latest investment developments in the world of healthcare.

US$8m to advance AI-powered early cancer detection

C the Signs, the creator of an AI-based platform to identify patients at risk of cancer at the earliest and most curable stage, has received US$8m in funding from Khosla Ventures. The new capital will accelerate the company’s expansion from the UK to the US.

The company’s AI model works by analysing data already available in patient electronic health records to examine a wide number of personal and environmental data points to precisely assess an individual’s cancer risk. By personalising risk profiles, the platform flags people who need targeted testing and rules out those who do not.

The approach has already identified 20.7 per cent of breast cancer cases up to five years earlier than standard pathways when used in the NHS, as well as beating early-stage diagnoses of ovarian cancer using traditional methods by 53.3 per cent.

AdvanCell completes oversubscribed US$112m fundraise

AdvanCell, a clinical-stage radiopharmaceutical company developing cancer therapeutics, has completed US$112m Series C financing.

The company has said the investment will fuel AdvanCell’s ongoing efforts to expand its manufacturing capacity, accelerate the clinical development of its pipeline of radionuclide therapies, and advance its mission of delivering life-changing treatments to cancer patients worldwide.

Neu Health secures US$2m to advance neurology care

Neu Health, a neurology health-tech company spin-out from the University of Oxford, has secured US$2m from Cedars-Sinai and Oxford Science Enterprises (OSE).

This funding will support the launch of a partnership between the two organisations to co-build and co-invest in health-tech startups, accelerating their growth in the US and UK markets.

The investment will support Neu Health’s expansion into the US, starting with a six-month pilot programme at Cedars-Sinai. This milestone enables Neu Health to bring its platform, designed for Parkinson’s disease and dementia care, to a broader audience.

Careloop raises £1.8m to advance mental health care

Careloop has closed a £1.8m seed funding round.

Digital therapeutics company Careloop, which focuses on mental health, has secured £1.8m in funding.

The University of Manchester spinout says the funding will support the development of its technology, which enables patients to track psychosis symptoms, to cover a wider range of mental health conditions.

$5m in funding to advance muscle health analysis

AI health analytics company Springbok Analytics has closed an oversubscribed US$5m Series A funding round.

The company has confirmed that the funding will advance its muscle health analysis – an FDA-cleared AI technology that delivers automated and comprehensive muscle health assessments from MRI scans – across human performance, life sciences, and longevity.

Investors included Transition Equity Partners, LLC (TEP), the National Basketball Association, Cartan Capital, and Boston Global (AUS), among others.

US$1.6m to boost African health-tech startups

Investing in Innovation Africa(i3) – an initiative of The Gates Foundation – has provided US$1.6m in funding to support 15 different health-tech startups in Africa.

To receive the funding, i3 will select 10 early-stage startups innovating in healthcare delivery or product distribution and five growth-stage startups building the future of pharmacy care

Early-stage startups will receive a US$50K grant and growth-stage startups will receive a US$225K grant to unlock major partnerships that can expand patient access across the continent.

Additionally, i3 aims to support startups by facilitating at least 150 relationships with key healthcare organisations, worth at least US$30m.

To date, the programme has provided US$3m in direct grant funding to 60 start-ups across 16 African countries.

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