Investor
CNBC reports that the digital primary care provider has hired banks leading up to an IPO.
The new funding brings the company's total Series B to $55 million.
The deal is expected to add 45,000 new Livongo members by 2021.
This latest round was led by LBO France with participation from Kurma Diagnostics, Paris Saclay, Idinvest Partners, Seventure and SOSV.
Babylon Health topped the charts with a $550 million round, followed by Capsule and Healthy.io.
The company's healthcare robot, called Moxi, can deliver medical supplies and lab samples across the hospital.
The round was led by Freestyle Ventures and Cowboy Ventures with participation from Maverick Ventures, Felicis Ventures and angel investor Bruce Dunlevie.
Digital health's products are clashing with an established healthcare industry, and many stakeholders aren't sure the young companies are ready for its complexities.
Selected from a pool of 5,000 companies, the full cohort paints a picture of the trends, regions and investors headlining digital health.
The platform includes a remote monitoring component and a telemedicine piece.