Healthcare spending accounts for virtually 18% of U.S. GDP, so it’s no shock that digital well being is attracting report ranges of funding. This 12 months, VCs have flowed $14.7 billion to well being tech startups, in comparison with $14.6 billion in all of 2020.
Given the excessive value of care within the United States in comparison with different nations, pairing fintech with well being tech is simply good enterprise.
Simon Wu, an funding director with Cathay Innovation, says he’s paying particularly close attention to these areas of convergence:
- Data and the transition to value-based care.
- Gamifying shopper wellness to stave off power diseases.
- Fintech for affordability and lowering friction.
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Since the U.S. Congress handed a $1.9 trillion COVID-19 stimulus package deal this 12 months that elevated funding for inexpensive healthcare, Wu says alternatives are increasing for startups on this house.
“We’re only in the early innings of a digital-first revolution in healthcare, but the convergence of health and fintech will be an important catalyst to address some of the most pressing issues facing healthcare today,” in response to Wu.
“A modern financial consumer experience can help build relationships and trust between patients, providers and payers.”
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Senior Editor, W3Techy+
From the American heartland, a startup increase
The rising tide of enterprise capital that has lifted startups around the globe additionally splashed over America’s Midwest this 12 months.
Regions like Denver and Chicago “are crushing their 2020 venture capital tallies, results that were at times already at or near record highs,” report Anna Heim and Alex Wilhelm in right this moment’s version of The Exchange.
Zillow could also be pulling up the welcome mat, however rival OpenDoor is increasing into new markets
Soon after the pandemic hit, the U.S. residential housing market turned feverish as effectively.
Overbidding and speedy closings turned the norm, usually facilitated by the pace and comfort provided by proptech firms that helped sellers money out shortly so they might get into their next properties.
But shares in Zillow fell 10% final week after the corporate stated it will pause shopping for homes for the remainder of the 12 months. Not lengthy after, one in all its chief rivals clapped again by saying that “OpenDoor is open for business and continues to scale and grow,” stories Ryan Lawler.
He interviewed OpenDoor CTO Ian Wong and Chief Customer Officer Megan Meyer Toolson to be taught extra about their plans to develop in a market that’s dealing with acute labor and provide constraints.
“The last 18 months have been a very dynamic time for the housing market, to say the very least. So we’ve had to be very competitive since things are so dynamic and price appreciation has been very strong,” Wong stated.
Bridging the hole: What CISOs should do to get the C-suite on their aspect
On an excellent day, most individuals neglect the chief data safety officer even exists. But if one thing ought to go mistaken, everybody will demand solutions.
Keeping an organization’s safety measures up to speed whereas getting all stakeholders to implement secure safety practices is a tall order, sophisticated by the truth that many CISOs aren’t inside the manager decision-making loop.
According to Sean McDermott, founder and CEO of RedMonocle, CISOs ought to meet executives the place they’re.
“You already know why cybersecurity investment is essential to your role. Now step into your leadership’s shoes to explain why it’s crucial to theirs,” he writes.
How Lunchclub landed a preemptive time period sheet from Lightspeed
When Lunchclub, a social platform that helps individuals discover new connections in particular industries, launched its hearth chats service final 12 months, it instantly discovered itself the topic of lots of curiosity.
So a lot so, Lightspeed Ventures handed the startup a time period sheet despite the fact that its founders weren’t trying to increase.
In the most recent W3Techy Live episode, Lunchclub co-founder Vlad Novakovski and Lightspeed’s Nicole Quinn broke down its Series A deck, Lightspeed’s funding thesis and the way having a robust investor community makes the distinction between a profitable increase and a dud.
“Consumer feedback is everything to us,” stated Quinn. “It is the number one most important thing that I’m looking for in a slide deck and a conversation. I want to know, do customers love this?”
Facebook’s next chapter simply would possibly make sense
Snap Inc.’s Q3 outcomes final week despatched its inventory tumbling, but it surely wasn’t alone: Apple’s iOS 15 privateness implementation disrupted advert monitoring and measurement for social media and promoting platforms throughout the board.
This potential volatility in advert income might need one thing to do with Facebook’s metaverse focus, notes Alex Wilhelm. Is Zuckerberg planning to shore up losses with a leap into VR?
“Something else will have to fill the void,” writes Alex. “The company’s rebrand fits neatly into that sort of push.”
Braze set to place factors on the board for New York’s startup scene in impending IPO
While it was not a unicorn when it final raised capital, NYC-based buyer engagement software program startup Braze could crash by means of the $1 billion valuation mark when it lastly goes public.
As per Alex Wilhelm’s preliminary learn of the startup’s contemporary, new S-1 submitting, Braze appears to have a good enterprise with rising income (albeit with prices rising sooner than income), good retention with a give attention to bigger purchasers and a robust subscription enterprise.
“To sum up: Braze is growing nicely at scale with modest net losses and no smokescreen-y, fake profit numbers on display,” Alex writes.