Investing

Also: German startup Wellster Healthtech brings its Series B raise to $60 million, Faeth Therapeutics scoops up $20 million and Yuvo Health announces a $7.3 million seed round.

The startup leverages blockchain and FHIR technologies to allow for secure data exchange between healthcare organizations.

Also: AI-enabled documentation tool DeepScribe raises $30 million, cancer risk stratification platform PreciseDx scores $10.75 million and care navigation startup HeyRenee brought in $4.4 million.

The company also unveiled its 2021 revenue. 

Health tech companies raised nearly $40 billion last year, according to Silicon Valley Bank's Healthcare Investments and Exits Report. IPOs were also up, but those companies didn't fare as well in the public markets.

Also: Diana Health raises $11 million for its maternity care tool. 

Glooko CEO Russ Johannesson predicts that the growth in digital health funding will continue this year, and that the push toward interoperability will be critical for the space.

MobiHealthNews reported on 251 deals worth $15.1 billion in the second half of 2021. 

Kinnevik and Human Capital led the round, joined by Ally Bridge Group and others.

The company plans to use the funding to expand its commercial team, scale operations and develop new products.