OKR-focused NOCD Platform Raises $35M or More in Digital Health Funding

Digital platform for the detection and treatment of obsessive-compulsive disorder (OCD) NOCD closed a $35 million funding round co-led by Cigna Ventures and 7wireVentures.

Existing investors F-Prime Capital, Kaiser Permanente Ventures, Health Enterprise Partners and Eight Roads Capital also participated in the round, along with new investor Longitude Capital.

A Chicago-based company offers video-based treatment for OCD using Exposure and Response Prevention, a behavioral therapy that exposes the individual to situations that trigger an OCD response and teaches them to tolerate those stressors.

The company will use the funds to further expand its network of therapists and further marketing efforts with the comedian and television personality. Howie Mandel. The company will also work to expand its analytical capabilities.

“Cigna Ventures is focused on working with companies that provide innovative solutions that can more effectively and efficiently address some of the biggest healthcare challenges,” Craig Chimini, CEO of Cigna Ventures, said in a statement. “NOCD plays a critical role in the behavioral health ecosystem with its proven ability to identify patients in need and seamlessly connect them to evidence-based therapies and specialized resources.”

The latest round of funding follows NOCD announcements in August that members Aetna Insurance and New York-based Blue Cross Blue Shield will have access to the NOCD platform.

NOCD also closed a $33 million Series B funding round in 2021, a $4 million Series A funding round in 2019, and a $1 million seed funding round in 2018.

California-based diagnostic startup Simple HealthKit has raised $8 million in Series A, bringing its total to $12 million.

The round was led by Initialized Capital with contributions from Kleiner Perkins, Quest Venture Partners and Kapor Capital.

Simple HeathKit offers testing for sexual health, respiratory conditions, and chronic conditions such as diabetes for use at home, clinic, or pharmacy, with recommendations for advice and treatment if the test is positive.

The funding will help Simple HealthKit expand its test portfolio and bring its platform into underserved markets.

New York-based children’s mental health platform Fort Health announced it has raised $4.5 million from the Blue Venture Fund.

Fort Health was developed in Redesign Health in partnership with the Child Mind Institute, a non-profit dedicated to helping children with mental health and learning disabilities. The startup offers a platform that brings together primary care providers and mental health professionals to improve access to mental health care for children.

Fort Health is insured under commercial insurance from Aetna, Optum/United Healthcare and Geisinger Health Plan in New Jersey. The company says it plans to expand to New York and other states this year.

The new funds will be used to expand the company’s market.

Newel Health received a $2.5 million grant from Michael J. Fox Foundation for Parkinson’s Research to further research and develop Soturi, the company’s platform for Parkinson’s patients.

Soturi offers physical, voice and speech exercises and anxiety support, as well as symptom tracking, medication reminders, and a wearable bracelet that can detect tremors.

Newel was built with an investment from Italy’s Healthware Ventures, a corporate venture capital of the Healthware Group.

“This grant from the Michael J. Fox Foundation marks the first of many significant milestones for the company as it continues to evolve its portfolio of digital solutions to make the path to health for people living with illnesses and the efforts of their physicians as clear as possible. and as successful as it can be,” Roberto Acione, chairman of Healthware Ventures, said in a statement.

Canadian tech startup The Rounds, which offers a network for healthcare professionals across North America to network and discuss medical topics, has received an additional 1.6 million Canadian dollars (CAD).$1.19 million) in Series A funding.

Latest funds from Atlanta-based Panoramic Ventures and Invest Nova Scotia bring Series A round to CAD$6.7 million ($4.99 million). In September, the company announced that it had raised $5.1 million.

“Our team at Invest Nova Scotia is proud to be a longtime supporter and investor in The Rounds. The Series A fundraiser will help replicate the company’s success in Canada in key US healthcare markets. There has never been a better time to break down geographic barriers to collaboration in specialty healthcare, and The Rounds is doing just that,” said Ben McDaid, chief investment officer at Invest Nova Scotia.