The healthcare industry has witnessed a surge of innovation in recent years, with startups leveraging technology to revolutionize patient care, medical research, and digital health solutions. Between 2015 and 2020, a wave of ambitious healthcare startups emerged, securing critical funding to develop cutting-edge solutions in telemedicine, AI-driven diagnostics, personalized medicine, and more.
In this article, we’ll highlight 10 healthcare startups founded between 2015 and 2020 that successfully raised between $1 million and $5 million in funding. These startups are making significant strides in healthcare, proving that early-stage investment can lead to groundbreaking advancements in the industry.
10 Rising Healthcare Startups That Raised Millions
| Company Name | Founded | Location | Number of Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| MentalHappy | 2016 | San Francisco, CA, USA | 1-10 | $500K | Aug 6, 2024 | $1.73M |
| BAND Connect | 2019 | Cincinnati, OH, USA | 1-10 | $1.45M | Nov 27, 2024 | $2.17M |
| CourMed | 2018 | Miami Beach, FL, USA | 11-50 | Non-Disclosed | Jun 26, 2024 | $3.5M |
| CareEco | 2019 | Nashville, TN, USA | 11-50 | $0.65M | Aug 19, 2024 | $1.56M |
| Remmie | 2018 | Culver City, CA, USA | 1-10 | $3M | Jun 12, 2024 | $3.12M |
| Roboligent | 2016 | Round Rock, TX, USA | 1-10 | Non-Disclosed | Sep 5, 2024 | $4.01M |
| Arcade Therapeutics | 2019 | New York, NY, USA | 1-10 | $1.495M | Feb 16, 2024 | $1.495M |
| Arena Labs | 2016 | Nashville, TN, USA | 11-50 | $3.27M | Apr 3, 2024 | $4.47M |
| SecondWave Systems | 2019 | Minneapolis, MN, USA | 11-50 | $3M | Mar 28, 2024 | $3M |
| Alva Health | 2017 | Dallas, TX, USA | 1-10 | $12K | Nov 18, 2024 | $1.257M |
1. MentalHappy
- Founded: 2016
- Location: San Francisco, California, USA
- Industry: Health Care, Mental Health
- Number of Employees: 1-10
- Funding Raised: $500K (Latest Round: Aug 6, 2024)
- Total Funding Amount: $1.73M
MentalHappy is a Y Combinator-backed startup dedicated to improving mental health through peer support and real tools rather than relying solely on therapists or apps. The platform fosters a supportive community where individuals of all backgrounds can find encouragement and connection. By integrating both professional resources and peer-driven support, MentalHappy aims to make mental well-being accessible and inclusive. Since its founding in 2016, the company has raised $1.73 million to further its mission of reshaping mental health care.
2. BAND Connect
- Founded: 2019
- Location: Cincinnati, Ohio, USA
- Industry: Health Care, Medical
- Number of Employees: 1-10
- Funding Raised: $1.45M (Latest Round: Nov 27, 2024)
- Total Funding Amount: $2.17M
BAND Connect is a health technology company that provides a connected platform for physical therapists, enabling them to deliver personalized, in-home care. By virtually recreating the in-clinic experience, BAND Connect helps improve therapy adherence, leading to better clinical outcomes and economic benefits for both patients and healthcare providers. Since its founding in 2019, the company has raised $2.17 million to expand its innovative approach to remote physical therapy.
3. CourMed
- Founded: 2018
- Location: Miami Beach, Florida, USA
- Industry: Health Care, Health Diagnostics
- Number of Employees: 11-50
- Funding Raised: Non-Disclosure (Latest Round: Jun 26, 2024)
- Total Funding Amount: $3.5M
CourMed is a private client health services company specializing in the personalized and convenient delivery of healthcare products and services. Offering in-home visits, patient advocacy, regenerative therapies, and DNA-personalized supplements, CourMed ensures high-quality wellness solutions tailored to individual needs. The company provides exclusive membership options—Purple (concierge visits in 3-5 days) and Platinum (same-day/next-day visits)—available through corporate partners. Since its founding in 2018, CourMed has raised $3.5 million to enhance its innovative concierge healthcare model.
4. CareEco
- Founded: 2019
- Location: Nashville, Tennessee, USA
- Industry: Health Care, Hospital
- Number of Employees: 11-50
- Funding Raised: $0.65M (Latest Round: Aug 19, 2024)
- Total Funding Amount: $1.56M
CareEco is a healthcare technology platform designed to enhance the quality of patient care through data and automation. By leveraging innovative solutions, CareEco empowers healthcare providers to optimize their workflows and improve patient outcomes. Since its inception in 2019, the company has secured $1.56 million in funding to advance its mission of streamlining healthcare services.
5. Remmie
- Founded: 2018
- Location: Culver City, California, USA
- Industry: Health Care, Medical
- Number of Employees: 1-10
- Funding Raised: $3M (Latest Round: Jun 12, 2024)
- Total Funding Amount: $3.12M
Remmie, formerly known as MiVUE, develops and manufactures a connected and family-friendly otoscope. The device is designed to empower families by enabling them to monitor their health and improve diagnostic accuracy, particularly in telemedicine applications. Since its founding in 2018, Remmie has secured $3.12 million in funding to further its mission of enhancing remote healthcare solutions.
6. Roboligent
- Founded: May 3, 2016
- Location: Round Rock, Texas, USA
- Industry: Health Care, Medical Device
- Number of Employees: 1-10
- Funding Raised: Non-Disclosure (Latest Round: Sep 5, 2024)
- Total Funding Amount: $4.01M
Roboligent is a robotics company specializing in automated physical therapy solutions. The company designs and manufactures robotic systems that assist patients in rehabilitation, utilizing advanced exoskeletons and medical devices. Since its founding in 2016, Roboligent has raised $4.01 million to advance its mission of enhancing physical therapy through automation and robotics.
7. Arcade Therapeutics
- Founded: 2019
- Location: New York, New York, USA
- Industry: Health Care, Life Science
- Number of Employees: 1-10
- Funding Raised: $1.495M (Latest Round: Feb 16, 2024)
- Total Funding Amount: $1.495M
Arcade Therapeutics leverages breakthrough neuroscientific research to enhance mental health through casual, accessible mobile games. By integrating science-backed therapeutic techniques into gaming, the company aims to provide engaging and effective mental health solutions. Since its inception in 2019, Arcade Therapeutics has raised $1.495 million to support its mission of revolutionizing mental health care through digital innovation.
8. Arena Labs
- Founded: 2016
- Location: Nashville, Tennessee, USA
- Industry: Health Care
- Number of Employees: 11-50
- Funding Raised: $3.27M (Latest Round: Apr 3, 2024)
- Total Funding Amount: $4.47M
Arena Labs focuses on improving human-centered skills necessary for high-stress medical environments. Their mission is to transform how frontline healthcare professionals are trained, shifting the focus from endurance to peak performance. By applying innovative techniques and performance coaching, Arena Labs aims to enhance the effectiveness and well-being of clinicians. Since its founding in 2016, the company has raised $4.47 million to advance healthcare training and development.
9. SecondWave Systems
- Founded: 2019
- Location: Minneapolis, Minnesota, USA
- Industry: Health Care
- Number of Employees: 11-50
- Funding Raised: $3M (Latest Round: Mar 28, 2024)
- Total Funding Amount: $3M
SecondWave Systems develops an ultrasound stimulation platform designed to provide patients and physicians with a new, non-invasive treatment option for debilitating and life-threatening diseases. Their technology leverages low-intensity focused ultrasound to modulate nerves, cells, and organs deep within the body. By targeting neural and cellular pathways, SecondWave Systems aims to treat conditions such as inflammation, pain, and other disorders. The company has secured $3 million in funding to advance its medical innovations.
10. Alva Health
- Founded: May 2017
- Location: Dallas, Texas, USA
- Industry: Health Care, Medical
- Number of Employees: 1-10
- Funding Raised: $12K (Latest Round: Nov 18, 2024)
- Total Funding Amount: $1.257M
Alva Health is a medical technology company specializing in healthcare wearables for remote stroke monitoring. Their patented wearables operate 24/7, detecting stroke signatures and connecting users with emergency services in real-time. Alva Health aims to revolutionize stroke treatment and advance neurotechnology development by creating, validating, and marketing innovative medical solutions. The company has secured $1.257 million in funding to support its mission.
Conclusion
In the ever-evolving healthcare landscape, innovation remains at the forefront of improving patient care and operational efficiency. As new technologies emerge—ranging from AI-driven diagnostics to personalized treatment solutions—healthcare companies must stay agile and patient-focused. By embracing data-driven insights, expanding access to care, and fostering collaboration, the industry can continue to drive meaningful change. As we look to the future, our commitment remains the same: delivering high-quality, accessible, and innovative healthcare solutions.
FAQs
Q. Why is healthcare innovation growing so rapidly?
Answer: Advancements in technology, increased demand for remote care solutions, and the need for improved patient outcomes are driving innovation in healthcare. Startups are leveraging AI, robotics, telemedicine, and wearable devices to revolutionize diagnostics, treatment, and patient engagement.
Q. What is the future outlook for healthcare startups?
Answer: With continuous advancements in AI, robotics, and digital health, healthcare startups are poised to make significant breakthroughs. Innovations in remote patient monitoring, personalized medicine, and non-invasive treatments will continue to shape the industry.
Q. What role does venture capital play in healthcare startups?
Answer: Venture capital provides crucial funding for healthcare startups, enabling them to develop and scale their solutions. Given the high costs associated with medical research and regulatory approvals, external investment is essential for growth.