With this investment, CureFit has raised nearly $480 million since its founding in 2016. The investment will allow CureFit to grow its tech-enabled fitness offerings while helping Tata Digital expand into the proactive health management space.
“Joining Tata Digital marks an exciting new step for me and my team and is a recognition of the value we have created with CureFit for fitness enthusiasts in India,” Bansal said in a statement. “Being part of Tata Digital will enable us to nationally scale up our offerings for our customers. Tata Digital has a highly inspiring vision to create next-generation consumer platform and I am very excited to be part of the Tata Digital team that is shaping this vision” “We believe the next 18 months will define the next five years in healthcare, and much of that innovation centers around two words: experience and alignment,” Glen Tullman, CEO of Transcarent, said in a statement.
The company has now raised $98 million since its launch in March. Transcarent plans to put the funds into expanding its risk-based bundle of digital health services. “There’s an extraordinary amount of friction in today’s healthcare journey which makes an individual’s experience more confusing, complex, and costly than ever. Siloed point solutions and navigators don’t improve people’s experience and don’t address the lack of alignment with the true payers in healthcare – employers and the people who work for them. Transcarent will remove the unnecessary barriers and provide employees with the right resources to make informed decisions for themselves and their families while realizing better value for their employers.”
General Catalyst and 7wireVentures co-led the round with participation from new investors Merck Global Health Innovation Fund, Kleiner Perkins, Leaps by Bayer, GreatPoint Ventures, and Threshold Ventures along with existing investors Alta Partners and Jove Equity Partners. Transcarent, a healthcare platform for the self-insured employer market led by Livongo founder Glen Tullman, announced the closing of its $58 million Series B round.
The Boston-based company has created a boxing workout machine that gamifies exercise through flashing lights synced with music. The idea is that by matching the song’s rhythm with light-up punching pads, users will be immersed in their workout and enjoy it more. At-home fitness company Liteboxer recently landed a $20 million Series A financing round led by Nimble Ventures. Other investors in the round included B. Riley Venture Capital, Raptor Group, Will Ventures and musician Timbaland.
Launched in 2020, the company has raised a total of $28.5 million to date. Nirvana Health, a concierge platform for mental health providers, raised $4.2 million from backers Eniac Ventures and Arc Ventures, as first reported by VentureBeat. “For all of the innovation in at-home fitness over the years, working out still sucks for most people,” Liteboxer CEO and cofounder Jeff Morin said in a statement. “We set out to create a workout experience that’s so immersive, people forget they’re even exercising. Since our launch last year, it’s become clear that this is exactly what Liteboxer does for anyone who tries it. We’re thrilled to partner with Nimble Ventures to continue building on that vision.”
News Highlights Health
- Livongo Examines New Healthcare Firm Transcarent Raises $ 58 Million; Indian Fitness App Curefit Raises $ 75 Million And More Digital Health Funding
- Check all news and articles from the Health news information updates.