Investing
Investment proceeds will primarily fund FDA registration studies and opening of US headquarters.
Rock Health reports $4 billion in funding for U.S. digital health startups this quarter, much of which was driven by a flurry of telehealth investments and late-stage rounds for R&D and fitness tech companies.
The funding was invested by fellow health company Reckitt Benckiser.
With more than $4.6B in fundings, Q3 2020 was an unprecedented showing from digital health investors
MobiHealthNews covered a record-breaking 109 funding deals during the past three months – a clear step up from Q3 2019 and the swelling numbers of H1 2020.
The newly announced deal is expected to close in Q4 2020, and values the direct-to-consumer telehealth company's combined entity at $1.6 billion.
Also European virtual care company HomeDoctor scores $4.3M and sexual health company Emjoy closes seed funding round.
The funds will support global expansion to meet growing clinical and biopharma demand for data-driven medicine.
2020 is shaping up to be a record-breaking year for digital health startups.
The company says it wants to build a system that generates more drug candidates with fewer experiments in less time.