Investing
Bigfoot has agreed to develop and commercialize new programs that will integrate with Abbott's diabetes management platform.
The round was led by Founders Fund and John Doerr.
It's been a busy week for digital health funding, with more raises announced by Arcadia, Cardiologs, Covera and others.
The funding round was led by MTIP and Earlybird with participation from AlbionVC, F-Prime Capital, Eight Roads Ventures and Partech.
The executive summary of a new report describes $8.9 billion in digital health funding dollars in 2019, down from $9.5 billion in 2018.
The company announced its first funding round at the Health 2.0 VentureConnect event in San Francisco yesterday.
The new funding was led by Caffeinated Capital with participation from Venrock, Obvious Ventures, Creandum, Playground Global and SciFi VC.
The company will be pumping the funds into its tech platform, and will be growing its engineering, sales and support capabilities.
New investors Alternate Ventures and KDV Capital, together with existing investor HealthXCapital also joined the round.
Rock Health's annual funding report revealed that the average size of digital health deals decreased in 2019, as did the total funding for the year.