The healthcare industry is undergoing a rapid transformation, driven by technological advancements and a growing focus on patient-centric solutions. Since 2020, a wave of innovative startups has emerged, using AI, telemedicine, digital health platforms, and biotech breakthroughs to tackle some of the most pressing challenges in healthcare.
These startups have caught the attention of investors, raising over $100 million to scale their solutions and revolutionize how we approach healthcare. From improving access to medical care to advancing treatments and diagnostics, these companies are making significant strides in shaping the future of health.
In this blog, we’ll take a closer look at 20 healthcare startups that have recently raised over $100 million in funding, each playing a pivotal role in the next era of healthcare innovation. Let’s dive in!
Meet 20 Healthcare Innovators Raising Over $100M
The healthcare industry is evolving rapidly, with startups leading the charge in telemedicine, biotech, AI-driven health solutions, and more. These companies are tackling some of the most pressing healthcare challenges and improving patient outcomes. Backed by over $100M in funding, they are poised to make a lasting impact on the future of healthcare.
Here are 20 healthcare startups that are shaping the future of the industry with major investments!
| Company | Founded | Location | Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Transcarent | 2020 | Denver, CO, USA | 251-500 | $126M | May 2, 2024 | $424M |
| Perspective Therapeutics | 2022 | Seattle, WA, USA | 51-100 | $80M | May 24, 2024 | $257.6M |
| Ouro Medicines | 2025 | San Francisco, CA, USA | 11-50 | $120M | Jan 10, 2025 | $120M |
| Grow Therapy | 2020 | New York, NY, USA | 251-500 | $88M | Apr 8, 2024 | $178M |
| Thyme Care | 2020 | Nashville, TN, USA | 101-250 | $55M | Jul 16, 2024 | $177M |
| CervoMed | 2023 | Boston, MA, USA | 11-50 | $149.4M | Mar 28, 2024 | $149.4M |
| Midi Health | 2021 | Menlo Park, CA, USA | 11-50 | $63M | Apr 24, 2024 | $102M |
| Evergreen Nephrology | 2021 | Nashville, TN, USA | 101-250 | $130M | Jan 7, 2025 | $134.34M |
| Petfolk | 2020 | Charlotte, NC, USA | 101-250 | $36M | Oct 29, 2024 | $151M |
| Convergent Therapeutics | 2021 | Cambridge, MA, USA | 1-10 | $40M | Sep 24, 2024 | $130M |
| Mirador Therapeutics | 2024 | San Diego, CA, USA | 11-50 | $400M | Mar 21, 2024 | $480M |
| AvenCell | 2021 | Watertown, MA, USA | 11-50 | $112M | Oct 22, 2024 | $112M |
| Allied OMS | 2020 | Fort Worth, TX, USA | 1-10 | $116M | May 14, 2024 | $116M |
| Organon | 2020 | Jersey City, NJ, USA | 10,001+ | $1B | May 7, 2024 | $1B |
| Kompass | 2022 | Chicago, IL, USA | 1-10 | ₩2.2B | Nov 11, 2024 | ₩2.2B |
| Commure | 2017 | San Francisco, CA, USA | 501-1000 | $4.45M | May 31, 2024 | $620.5M |
| Solera Health | 2015 | Phoenix, AZ, USA | 101-250 | $40M | Jan 14, 2025 | $112.3M |
| Talkiatry | 2019 | New York, NY, USA | 251-500 | $130M | Jun 18, 2024 | $242M |
| GT Medical Technologies | 2017 | Tempe, AZ, USA | 101-250 | $37M | Jan 16, 2025 | $146.2M |
| Oshi Health | 2019 | New York, NY, USA | 51-100 | $60M | Oct 16, 2024 | $119.5M |
1. Transcarent
- Founded: 2020
- Location: Denver, Colorado, USA
- Industry: Health Care, Personal Health, Software
- Number of Employees: 251-500
- Last Funding Amount: $126M (Latest Round: May 2, 2024)
- Total Funding Amount: $424M
Transcarent is a consumer-directed health and care platform for employees of self-insured employers and their families. By combining software, technology, health guides, and data science, Transcarent provides consumers with unbiased information, trusted guidance, and access to high-value care. Their platform helps individuals make informed, cost-effective healthcare decisions, enhancing the user experience in managing their health.
With a focus on improving outcomes and reducing costs, Transcarent stands as a leading solution for healthcare decision-making. The company is valued as a unicorn, reinforcing its significant impact in the healthcare industry with $424M in total funding.
2. Perspective Therapeutics
- Founded: 2022
- Location: Seattle, Washington, USA
- Industry: Health Care, Medical, Therapeutics
- Number of Employees: 51-100
- Last Funding Amount: $80M (Latest Round: May 24, 2024)
- Total Funding Amount: $257.6M
Perspective Therapeutics is focused on developing innovative cancer treatments using radiation, radiopharmaceuticals, and imaging technology. The company takes a targeted, individualized approach to cancer therapy, delivering treatments precisely where they are needed, improving outcomes for patients. With cutting-edge technology and a patient-centric philosophy, Perspective Therapeutics is making significant strides in transforming cancer care.
Their expertise in advanced therapeutic techniques positions them as a leader in the fight against cancer, backed by $257.6M in total funding.
3. Ouro Medicines
- Founded: 2025
- Location: San Francisco, California, USA
- Industry: Health Care, Medical, Biotechnology
- Number of Employees: 11-50
- Last Funding Amount: $120M (Latest Round: January 10, 2025)
- Total Funding Amount: $120M
Ouro Medicines is a biotechnology company that specializes in immunology and aims to treat long-term immune-mediated illnesses. The company is dedicated to addressing chronic immune conditions with a focus on integrating scientific knowledge, a proven history of advancing cell-depleting treatments through clinical trials, and a robust pipeline of promising therapies.
By targeting immune-mediated diseases with innovative treatments, Ouro Medicines is making important strides in the biotech field, positioning itself as a key player in immunology with $120M in funding.
4. Grow Therapy
- Founded: 2020
- Location: New York, New York, USA
- Industry: Health Care, Medical, Mental Health
- Number of Employees: 251-500
- Last Funding Amount: $88M (Latest Round: April 8, 2024)
- Total Funding Amount: $178M
Grow Therapy is a provider-centric mental health technology company focused on improving access to high-quality mental healthcare. It offers therapists and prescribers a suite of business tools and services, a peer community, and expertly matched patient referrals to help them establish and grow thriving private practices—both in-person and virtually.
By partnering with major insurers like Humana, Aetna, Cigna, Florida Blue Cross Blue Shield, and UnitedHealthcare, Grow Therapy ensures that more Americans have access to mental health providers who match their needs and take their insurance. The company’s network includes thousands of providers, and it has garnered investment from prominent names such as Sequoia Capital, Goldman Sachs Alternatives, Transformation Capital, TCV, SignalFire, and Plus Capital.
5. Thyme Care
- Founded: 2020
- Location: Nashville, Tennessee, USA
- Industry: Health Care, Medical, Oncology
- Number of Employees: 101-250
- Last Funding Amount: $55M (Latest Round: July 16, 2024)
- Total Funding Amount: $177M
Thyme Care is a healthcare company that provides oncology care management services. It offers a patient- and provider-integrated oncology solution, partnering with health plans to facilitate whole-person care for their members. Thyme Care’s mission is to revolutionize cancer care by providing personalized and holistic support to patients, ensuring that every cancer patient has access to high-quality, individualized care tailored to their unique needs and circumstances. The company is making strides in improving cancer care and is backed by $177M in total funding to continue its impactful work.
6. CervoMed
- Founded: 2023
- Location: Boston, Massachusetts, USA
- Industry: Health Care, Pharmaceutical
- Number of Employees: 11-50
- Last Funding Amount: $149.4M (Latest Round: March 28, 2024)
- Total Funding Amount: $149.4M
CervoMed is a clinical-stage company dedicated to researching and developing therapeutic treatments for neurodegenerative diseases, focusing on the early stages of disease progression. The company is at the forefront of discovering novel therapies aimed at treating brain degenerative illnesses, with an emphasis on addressing these conditions before they advance significantly. With $149.4M in total funding, CervoMed is poised to make a significant impact in the field of neurodegenerative disease treatment, working toward improved outcomes for patients.
7. Midi Health
- Founded: 2021
- Location: Menlo Park, California, USA
- Industry: Health Care, Medical, Therapeutics
- Number of Employees: 11-50
- Last Funding Amount: $63M (Latest Round: April 24, 2024)
- Total Funding Amount: $102M
Midi Health is a virtual care clinic dedicated to treating women’s health issues, including depression, gynecological cancer, and period problems. Its clinical platform offers personalized expert protocols delivered by clinicians trained in female midlife health. Midi Health integrates specialized at-home labs, prescription medications, supplements, and lifestyle coaching to provide holistic care to women. The company’s innovative approach is designed to support women with personalized healthcare solutions, helping them manage complex health challenges.
8. Evergreen Nephrology
- Founded: August 25, 2021
- Location: Nashville, Tennessee, USA
- Industry: Health Care, Medical, Wellness
- Number of Employees: 101-250
- Last Funding Amount: $130M (Latest Round: January 7, 2025)
- Total Funding Amount: $134.34M
Evergreen Nephrology helps nephrologists focus on providing care to the right patients at the right time across the entire care spectrum. By creating strategic partnerships, Evergreen empowers nephrologists with financial backing and provides them with best-in-class interdisciplinary clinical resources, analytical tools, and services to support patient care. This model enables nephrologists to enhance the quality of care they deliver while improving overall efficiency. With $134.34M in funding, Evergreen is making a significant impact in the nephrology field.
9. Petfolk
- Founded: 2020
- Location: Charlotte, North Carolina, USA
- Industry: Health Care, Medical, Pet Care
- Number of Employees: 101-250
- Last Funding Amount: $36M (Latest Round: October 29, 2024)
- Total Funding Amount: $151M
Petfolk offers a reimagined approach to veterinary care by combining in-person visits with virtual consultations for pets and their owners. The company emphasizes providing high-quality, accessible care, facilitated by a team of compassionate veterinarians and enhanced with advanced technology. With $151M in funding, Petfolk is leading the way in modernizing veterinary care, ensuring pets receive the best care possible in a convenient and efficient manner.
10. Convergent Therapeutics
- Founded: 2021
- Location: Cambridge, Massachusetts, USA
- Industry: Health Care, Medical, Pharmaceutical
- Number of Employees: 1-10
- Last Funding Amount: $40M (Latest Round: September 24, 2024)
- Total Funding Amount: $130M
Convergent Therapeutics is a pharmaceutical company focused on developing radiopharmaceutical therapies for prostate cancer. The company utilizes proprietary technology, including dual-targeted radionuclide therapy, developed by Dr. Neil Bander, Professor of Urologic Oncology at Weill Cornell Medicine. The company’s lead product, CONV 01-α, is a monoclonal antibody conjugated with 225Ac, a radioactive alpha particle emitter, designed to target prostate cancer cells by binding to prostate-specific membrane antigen (PSMA). If FDA-approved, CONV 01-α would be the first antibody approved to direct a radioisotope to prostate cancer and the first to use 225Ac in cancer treatment.
11. Mirador Therapeutics
- Founded: 2024
- Location: San Diego, California, USA
- Industry: Health Care, Medical, Therapeutics
- Number of Employees: 11-50
- Last Funding Amount: $400M (Latest Round: March 21, 2024)
- Total Funding Amount: $480M
Mirador Therapeutics is focused on advancing precision medicine for immune-mediated inflammatory and fibrotic diseases. The company envisions developing targeted therapies that can address complex immune system-related conditions with greater accuracy and effectiveness. With $480M in total funding, Mirador is positioned to transform treatment options for patients suffering from inflammatory and fibrotic diseases, improving outcomes through tailored approaches to care.
12. AvenCell
- Founded: 2021
- Location: Watertown, Massachusetts, USA
- Industry: Health Care
- Number of Employees: 11-50
- Last Funding Amount: $112M (Latest Round: October 22, 2024)
- Total Funding Amount: $112M
AvenCell is a health care company that is deeply committed to addressing significant medical challenges through innovative scientific solutions. Focused on the needs of patients, AvenCell leverages cutting-edge research to develop transformative therapies for those suffering from complex health conditions. With a scientific approach at its core, the company is dedicated to providing life-changing treatments that improve patient outcomes. AvenCell’s ongoing efforts are driven by the belief that deep science, combined with a patient-centric approach, can lead to breakthroughs in health care. With $112M in total funding, AvenCell is positioned to advance its mission, making a lasting impact on the future of medicine and patient care.
13. Allied OMS
- Founded: 2020
- Location: Fort Worth, Texas, USA
- Industry: Health Care, Medical
- Number of Employees: 1-10
- Last Funding Amount: $116M (Latest Round: May 14, 2024)
- Total Funding Amount: $116M
Allied OMS provides the world’s most comprehensive and streamlined practice management system, designed to support medical practices in delivering efficient, patient-centered care. Their platform simplifies operations, enabling medical professionals to focus more on patient outcomes while enhancing practice performance. With $116M in total funding, Allied OMS is poised to revolutionize practice management, offering solutions that foster growth, efficiency, and seamless integration of services.
14. Organon
- Founded: 2020
- Location: Jersey City, USA
- Industry: Health Care
- Number of Employees: 10,001+
- Last Funding Amount: $1B (Latest Round: May 7, 2024)
- Total Funding Amount: $1B
Organon is a global healthcare company dedicated to improving health outcomes by offering a broad portfolio of innovative medicines and healthcare products. The company focuses on addressing a wide range of therapeutic areas, including reproductive health, cardiovascular diseases, dermatology, allergies, and asthma. With a strong emphasis on research and development, Organon strives to create effective solutions that enhance patient well-being worldwide.
The company is committed to expanding access to essential medicines and advancing women’s health through its specialized treatments. Leveraging its extensive industry expertise, Organon continues to develop high-quality, science-driven medical solutions to address the evolving needs of patients and healthcare providers globally.
15. Kompass
- Founded: 2022
- Location: Chicago, USA
- Industry: Health Care
- Number of Employees: 1-10
- Last Funding Amount: ₩2.2B (Latest Round: November 11, 2024)
- Total Funding Amount: ₩2.2B
Kompass is an innovative health technology company specializing in remote fertility monitoring. The platform is designed to assist couples in navigating a patient-centered fertility journey with greater ease and accessibility. By leveraging advanced digital tools and real-time data tracking, Kompass provides users with personalized insights and support throughout their fertility process.
The company is committed to enhancing reproductive health through technology-driven solutions, empowering individuals with the resources needed to make informed decisions. With a focus on convenience and efficiency, Kompass aims to revolutionize fertility care by bridging the gap between patients and healthcare providers.
16. Commure
- Founded: 2017
- Location: San Francisco, California, USA
- Industry: Health Care, Innovation Management
- Number of Employees: 501-1000
- Last Funding Amount: $4.45M (Latest Round: May 31, 2024)
- Total Funding Amount: $620.5M
Commure is a pioneering health technology company focused on transforming the healthcare industry through innovation and data-driven solutions. The company provides a comprehensive platform that integrates healthcare systems, streamlining workflows and enhancing collaboration among medical professionals.
By leveraging artificial intelligence and cloud-based infrastructure, Commure aims to improve patient care, optimize operational efficiency, and facilitate seamless data sharing across healthcare organizations. With a strong commitment to interoperability and security, Commure empowers healthcare providers with the tools they need to deliver better outcomes.
17. Solera Health
- Founded: October 1, 2015
- Location: Phoenix, Arizona, USA
- Industry: Health Care, Hospital
- Number of Employees: 101-250
- Last Funding Amount: $40M (Latest Round: January 14, 2025)
- Total Funding Amount: $112.3M
Solera Health is a leading healthcare technology company focused on improving patient outcomes through an integrated network of health solutions. The company connects individuals with evidence-based programs for chronic disease prevention and management, including diabetes prevention, weight management, mental health support, and musculoskeletal care.
By leveraging data-driven matching technology, Solera personalizes patient care and aligns them with the most suitable healthcare providers and wellness programs. With a commitment to reducing healthcare costs and enhancing accessibility, Solera collaborates with health plans, employers, and digital health companies to provide value-driven healthcare solutions.
18. Talkiatry
- Founded: 2019
- Location: New York, New York, USA
- Industry: Health Care, Medical
- Number of Employees: 251-500
- Last Funding Amount: $130M (Latest Round: June 18, 2024)
- Total Funding Amount: $242M
Talkiatry is a technology-driven psychiatry practice committed to providing accessible, high-quality mental health care. The company offers comprehensive psychiatric services through virtual and in-person appointments, making mental health treatment more convenient and affordable for patients. By accepting major insurance providers, Talkiatry ensures that individuals can receive expert psychiatric care without financial barriers.
Their team of board-certified psychiatrists specializes in treating various mental health conditions, including anxiety, depression, ADHD, and PTSD. Talkiatry leverages advanced technology to streamline the patient experience, from appointment scheduling to medication management.
19. GT Medical Technologies
- Founded: 2017
- Location: Tempe, Arizona, USA
- Industry: Health Care, Medical
- Number of Employees: 101-250
- Last Funding Amount: $37M (Latest Round: January 16, 2025)
- Total Funding Amount: $146.2M
GT Medical Technologies is dedicated to improving the lives of brain tumor patients through innovative radiation therapy solutions. The company developed GammaTile® Therapy, a breakthrough FDA-cleared radiation treatment for patients with brain tumors. This bioresorbable implant delivers targeted radiation therapy immediately after tumor removal, minimizing radiation exposure to healthy brain tissue while reducing the need for ongoing treatments. By combining neurosurgery and radiation oncology, GT Medical Technologies provides a more effective and convenient treatment option for patients. Their mission is to enhance patient outcomes and quality of life with cutting-edge medical advancements.
20. Oshi Health
- Founded: 2019
- Location: New York, New York, USA
- Industry: Health Care, Medical
- Number of Employees: 51-100
- Last Funding Amount: $60M (Latest Round: October 16, 2024)
- Total Funding Amount: $119.5M
Oshi Health is a virtual-first gastrointestinal (GI) care provider, revolutionizing digestive healthcare by offering patients rapid access to comprehensive, multidisciplinary care. Their model integrates gastroenterologists, dietitians, behavioral health specialists, and health coaches to provide personalized treatment plans for chronic GI conditions like IBS, Crohn’s disease, and acid reflux. By focusing on telehealth-driven, whole-person care, Oshi Health aims to improve patient outcomes while reducing healthcare costs. The company partners with health plans and employers to make high-quality digestive care more accessible and affordable.
Conclusion
The healthcare industry is undergoing a profound transformation, and these 20 startups are at the forefront of innovation. With over $100 million in funding, they are revolutionizing patient care, diagnostics, treatments, and healthcare accessibility through cutting-edge technologies such as AI, telemedicine, and biotech advancements.
By tackling some of the most pressing challenges in healthcare—from improving chronic disease management to enhancing mental health support and pioneering breakthrough therapies—these companies are shaping the future of the industry. As they continue to scale and refine their solutions, the impact of their innovations will be felt across healthcare systems worldwide, ultimately leading to better patient outcomes and a more efficient, accessible, and technology-driven healthcare ecosystem.
The rapid growth and investment in these startups signal an exciting future for healthcare, where technology and patient-centric solutions redefine how we approach medical care. Keep an eye on these innovators as they continue to push the boundaries of what’s possible in modern healthcare.
FAQs
Q. What types of healthcare innovations are these startups working on?
Answer: These companies focus on a range of healthcare advancements, including digital health platforms, AI-driven diagnostics, precision medicine, mental health services, chronic disease management, and groundbreaking biotech solutions.
Q. How does telemedicine improve healthcare accessibility?
Answer: Telemedicine allows patients to consult with doctors remotely, reducing barriers such as distance, travel costs, and wait times, making healthcare more accessible, especially in underserved areas.
Q. What challenges do these startups face despite high funding?
Answer: Regulatory hurdles, clinical validation, market adoption, data security, and scalability are some of the key challenges these healthcare startups must navigate as they grow. benefits for businesses, including: