The healthcare industry has undergone a massive transformation in recent years, driven by cutting-edge technologies, AI-powered solutions, and a growing demand for better patient care. Since 2020, a wave of innovative startups has emerged, tackling some of the biggest challenges in healthcare—from telemedicine and biotech breakthroughs to AI-driven diagnostics and personalized treatments.
But innovation requires funding, and investors have been pouring millions into promising startups that have the potential to reshape the industry. In this blog, we’ll take a closer look at 15 healthcare startups that were founded after 2020 and have successfully raised between $50 million and $100 million. These companies are not only securing substantial investments but are also leading the way in improving healthcare accessibility, efficiency, and patient outcomes.
Meet the Healthcare Innovators: 15 Startups That Raised $50M-$100M
These startups are not just securing funding—they are pioneering groundbreaking solutions in digital health, biotech, AI-powered diagnostics, mental health, and more. Their innovations address some of the most pressing healthcare challenges, such as improving patient care, streamlining medical processes, and making advanced treatments more accessible.
Each of these companies has attracted significant investor interest, reflecting both the potential of their technologies and the growing demand for smarter healthcare solutions. Whether it’s revolutionizing drug discovery, enhancing remote patient monitoring, or developing next-gen medical devices, these startups are shaping the future of healthcare.
Now, let’s take a closer look at these 15 high-growth healthcare startups that have emerged since 2020 and are making a lasting impact!
| Company | Founded | Location | Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Function Health | Jun 2021 | Los Angeles, CA, USA | 11-50 | $53M | Jun 25, 2024 | $56M |
| Soda Health | 2021 | Chicago, IL, USA | 51-100 | $54.18M | Dec 3, 2024 | $85.18M |
| Adonis | 2022 | New York, NY, USA | 11-50 | $31M | Jun 25, 2024 | $53.9M |
| Habitat Health | 2023 | California & Kentucky, USA | 11-50 | $50M | Apr 9, 2024 | $50M |
| Fabric | 2021 | New York, NY, USA | 101-250 | $60M | Feb 21, 2024 | $80M |
| Stepful | 2021 | New York, NY, USA | 11-50 | $31.5M | Nov 13, 2024 | $55.99M |
| InStride Health | 2021 | Boston, MA, USA | 101-250 | $30M | Mar 27, 2024 | $56M |
| Octagos Health | 2020 | Houston, TX, USA | 11-50 | $43M | Jul 9, 2024 | $51.89M |
| Janus Health | 2020 | Chicago, IL, USA | 1-10 | $2.05M | Oct 4, 2024 | $55.15M |
| Pomelo Care | 2021 | New York, NY, USA | 251-500 | $46M | Jun 20, 2024 | $86.96M |
| Diverge Health | 2022 | Glencoe, IL, USA | 51-100 | $52.4M | Oct 31, 2024 | $68.17M |
| Herself Health | 2022 | Saint Paul, MN, USA | 1-10 | $36.99M | Mar 26, 2024 | $69.99M |
| Tuesday Health | 2023 | Nashville, TN, USA | 11-50 | $60M | May 21, 2024 | $60M |
| Delphia Therapeutics | 2022 | Cambridge, MA, USA | 11-50 | $67M | May 2, 2024 | $67M |
| Amplitude Vascular Systems | 2020 | Ann Arbor, MI, USA | 1-10 | $23.6M | Oct 18, 2024 | $54.9M |
1. Function Health
- Founded: June 2021
- Location: Los Angeles, California, USA
- Industry: Health Care
- Number of Employees: 11-50
- Last Funding Amount: $53M (Latest Round: June 25, 2024)
- Total Funding Amount: $56M
Function Health is a health-focused company committed to helping individuals achieve 100 healthy years by offering 120+ advanced lab tests explained by the world’s top doctors. Founded in 2021 and headquartered in Los Angeles, California, Function Health provides a proactive approach to healthcare, enabling users to take control of their well-being through comprehensive diagnostics and personalized insights.
By leveraging cutting-edge medical science, Function Health ensures individuals can monitor vital biomarkers, detect potential health risks early, and make informed decisions to optimize their longevity. The company’s platform offers a seamless and user-friendly experience, making routine health checkups more accessible and actionable.
With a mission to redefine preventive healthcare, Function Health aims to empower people with data-driven health insights to support long-term wellness and improve quality of life.
2. Soda Health
- Founded: 2021
- Location: Chicago, Illinois, USA
- Industry: Health Care, Information Technology, Medical
- Number of Employees: 51-100
- Last Funding Amount: $54.18M (Latest Round: December 3, 2024)
- Total Funding Amount: $85.18M
Soda Health is a healthcare technology company committed to eliminating health inequities through social determinants of health (SDOH). By leveraging innovative technology, Soda Health provides personalized healthcare benefits that address critical social needs, ensuring individuals receive the support they need to achieve better health outcomes.
Founded in 2021 and headquartered in Chicago, Illinois, the company partners with health plans, providers, and employers to develop customized benefit solutions that improve accessibility, affordability, and overall well-being. Through data-driven insights, Soda Health empowers organizations to design targeted health programs that directly impact underserved communities.
With a mission to create a healthier, more equitable future, Soda Health is transforming the way healthcare benefits are delivered—one person at a time.
3. Adonis
- Founded: 2022
- Location: New York, New York, USA
- Industry: Health Care, Information Technology, Software
- Number of Employees: 11-50
- Last Funding Amount: $31M (Latest Round: June 25, 2024)
- Total Funding Amount: $53.9M
Adonis is a revenue intelligence and automation platform designed to solve operational challenges within revenue cycle management (RCM) in healthcare. Many providers struggle to collect 15% or more of their earned revenue due to inefficiencies in traditional RCM, which relies on fragmented people, processes, systems, and tools.
Leveraging AI and data science, Adonis helps healthcare providers optimize reimbursement, streamline workflows, and enhance financial performance. By addressing common pain points in claims management, denials, and revenue recovery, Adonis empowers organizations to achieve more reliable revenue outcomes.
4. Habitat Health
- Founded: 2023
- Location: California & Kentucky, USA
- Industry: Health Care, Medical
- Number of Employees: 11-50
- Last Funding Amount: $50M (Latest Round: April 9, 2024)
- Total Funding Amount: $50M
Habitat Health is dedicated to providing comprehensive health and social care services tailored for older adults. The company focuses on medical services, wellness support, and personalized care plans to improve the overall quality of life for seniors.
By integrating healthcare and social support, Habitat Health ensures that elderly individuals receive accessible, high-quality care tailored to their specific needs. Their approach emphasizes preventative healthcare, chronic disease management, and social well-being, enabling seniors to live healthier, more independent lives.
5. Fabric
- Founded: 2021
- Location: New York, New York, USA
- Industry: Health Care, Software
- Number of Employees: 101-250
- Last Funding Amount: $60M (Latest Round: February 21, 2024)
- Total Funding Amount: $80M
Fabric is a health tech company that empowers healthcare providers to deliver faster, higher-quality, and more accessible care while reducing operational costs. By offering consumer-grade patient experiences and automating workflows, Fabric helps healthcare organizations improve efficiency and enhance patient satisfaction.
With a focus on innovation and healthcare enablement, Fabric streamlines complex administrative tasks, allowing medical professionals to focus on delivering exceptional care. Their cutting-edge solutions bridge the gap between technology and patient engagement, optimizing both provider efficiency and healthcare outcomes.
6. Stepful
- Founded: 2021
- Location: New York, New York, USA
- Industry: Health Care, Professional Services, Training
- Number of Employees: 11-50
- Last Funding Amount: $31.5M (Latest Round: November 13, 2024)
- Total Funding Amount: $55.99M
Stepful is dedicated to helping individuals without college degrees train for and find entry-level healthcare jobs. The company focuses on bridging the gap for those seeking opportunities in the healthcare sector by providing training and career pathways that lead to meaningful employment.
Through their innovative programs, Stepful empowers individuals to gain the necessary skills and certifications needed to launch a career in healthcare. Their goal is to create a more inclusive workforce by offering accessible training programs that prepare people for roles in healthcare.
7. InStride Health
- Founded: 2021
- Location: Boston, Massachusetts, USA
- Industry: Health Care, Mental Health, Wellness
- Number of Employees: 101-250
- Last Funding Amount: $30M (Latest Round: March 27, 2024)
- Total Funding Amount: $56M
InStride Health provides evidence-based treatment for OCD and anxiety in children and teenagers. Their goal is to keep young patients engaged throughout the treatment process by offering specialized mental health services tailored to the unique needs of younger age groups.
With a focus on building strong therapeutic relationships and utilizing cutting-edge treatment strategies, InStride Health strives to provide compassionate care to help children and teens manage their mental health challenges effectively. The company is committed to improving access to care and making therapy more engaging and effective for young individuals.
8. Octagos Health
- Founded: 2020
- Location: Houston, Texas, USA
- Industry: Health Care, Hospital
- Number of Employees: 11-50
- Last Funding Amount: $43M (Latest Round: July 9, 2024)
- Total Funding Amount: $51.89M
Octagos Health provides a cloud-based platform that integrates remote and in-person monitoring for all cardiac rhythm management (CRM) manufacturers. The platform enhances healthcare by improving quality of care, offering better population insights, and increasing patient compliance. It reduces the cost of care through efficiency, cutting upfront costs, staff time, paper processes, and addressing missed reimbursements.
Octagos Health empowers clinics by improving billable events and optimizing workflows, all while enhancing patient outcomes through seamless remote cardiac device monitoring. The company’s system helps create more cost-effective, data-driven care for patients with cardiac conditions.
9. Janus Health
- Founded: 2020
- Location: Chicago, Illinois, USA
- Industry: Health Care, Management Information Systems
- Number of Employees: 1-10
- Last Funding Amount: $2.05M (Latest Round: October 4, 2024)
- Total Funding Amount: $55.15M
Janus Health is redefining healthcare process optimization with its vertically integrated process improvement platform. Unlike traditional low-code and no-code solutions, Janus offers an advanced approach that combines process mining, modeling, and one-click automation, making it easier for healthcare providers to enhance their operations.
The platform integrates deep EHR and revenue cycle management expertise, providing valuable insights that create meaningful improvements in operational efficiency and performance. Janus Health aims to revolutionize how healthcare organizations work, delivering solutions that go beyond simple automation to drive real value.
10. Pomelo Care
- Founded: 2021
- Location: New York, USA
- Industry: Health Care
- Number of Employees: 251-500
- Last Funding Amount: $46M (Latest Round: June 20, 2024)
- Total Funding Amount: $86.96M
Pomelo Care is the national leader in evidence-based maternity care, offering comprehensive support for women throughout their maternity journey—from preconception to postpartum and during their infant’s first year. The company combines virtual, round-the-clock clinical care with in-person doula services to provide a unique, high-touch care model.
This approach addresses medical, behavioral, and social factors that significantly improve maternal and infant health outcomes. By leveraging data science and machine learning, Pomelo manages risks, enhances health outcomes, and reduces avoidable costs. Pomelo collaborates with employers and commercial as well as Medicaid health plans to ensure accessible care.
11. Diverge Health
- Founded: 2022
- Location: Glencoe, Illinois, USA
- Industry: Health Care
- Number of Employees: 51-100
- Last Funding Amount: $52.40M (Latest Round: October 31, 2024)
- Total Funding Amount: $68.17M
Diverge Health is committed to empowering primary care practices to provide comprehensive care for underserved patients. The company focuses on improving access to quality healthcare by bridging the gap between traditional healthcare services and those in need. Diverge Health supports primary care providers with innovative tools and solutions, enabling them to efficiently serve underserved populations and ensure better health outcomes. By leveraging data and technology, Diverge Health helps to increase care accessibility and equity.
12. Herself Health
- Founded: 2022
- Location: Saint Paul, Minnesota, USA
- Industry: Health Care
- Number of Employees: 1-10
- Last Funding Amount: $36.99M (Latest Round: March 26, 2024)
- Total Funding Amount: $69.99M
Herself Health is a healthcare technology company dedicated to providing advanced primary care to women over the age of 65 who are enrolled in Medicare, with plans to expand to Medicare Advantage. The company bridges the gap between women’s health goals and their life goals, addressing concerns like bone health, weight loss, and emotional well-being. Herself Health hires and trains top-tier providers in geriatrics, delivering value-based care that prioritizes patient outcomes. Through its innovative approach, Herself Health offers personalized, high-quality care to improve the lives of elderly women.
13. Tuesday Health
- Founded: 2023
- Location: Nashville, Tennessee, USA
- Industry: Health Care
- Number of Employees: 11-50
- Last Funding Amount: $60M (Latest Round: May 21, 2024)
- Total Funding Amount: $60M
Tuesday Health empowers lives by providing supportive care aimed at alleviating the symptoms and stress associated with serious illness. With a focus on improving the quality of life for patients, the company offers services designed to address the physical, emotional, and psychological challenges that come with illness. By integrating compassionate care with advanced medical support, Tuesday Health helps individuals manage their conditions and feel better in their day-to-day lives.
14. Delphia Therapeutics
- Founded: 2022
- Location: Cambridge, Massachusetts, USA
- Industry: Health Care
- Number of Employees: 11-50
- Last Funding Amount: $67M (Latest Round: May 2, 2024)
- Total Funding Amount: $67M
Delphia Therapeutics operates and manages a laboratory that specializes in developing treatments for cancer cells. By studying cancer-driving pathways, the company works to identify and create innovative medicines to fight cancer. Their research focuses on understanding how these pathways contribute to the development of cancer and how they can be targeted to develop more effective treatments. Based in Boston, USA, Delphia Therapeutics is at the forefront of developing promising cancer therapies to improve patient outcomes.
15. Amplitude Vascular Systems
- Founded: 2020
- Location: Ann Arbor, Michigan, USA
- Industry: Health Care
- Number of Employees: 1-10
- Last Funding Amount: $23.6M (Latest Round: October 18, 2024)
- Total Funding Amount: $54.9M
Amplitude Vascular Systems is a medical device company specializing in the safe and effective treatment of severely calcified arterial disease. With a focus on addressing the challenges posed by arterial calcification, Amplitude Vascular Systems provides innovative solutions to improve patient outcomes. The company is committed to advancing the field of vascular care with technologies that offer both safety and efficacy in treating this critical health condition. Based in Ann Arbor, Michigan, Amplitude Vascular Systems continues to lead in addressing complex vascular issues.
Conclusion
The healthcare startup ecosystem is thriving with innovation, and these 15 companies are at the forefront of driving significant change in the industry. With their groundbreaking solutions in areas like digital health, AI diagnostics, biotech, and mental health, they are not only securing substantial investments but also reshaping the way we approach patient care and medical technologies. The impact of these startups is already being felt, from enhancing patient outcomes to improving accessibility and efficiency in healthcare systems worldwide.
As investors continue to support these ventures, the future of healthcare looks brighter, more personalized, and more technologically advanced than ever before. The next few years will undoubtedly see these startups push the boundaries of innovation, making healthcare more accessible, efficient, and effective for everyone.
FAQs
Q. How do these healthcare startups differ from traditional healthcare companies?
Answer: Unlike traditional healthcare companies, these startups tend to focus on tech-driven solutions, which enable faster and more efficient healthcare delivery. Many use AI, machine learning, and digital platforms to provide innovative services such as remote patient monitoring, telehealth, and data-driven diagnostics, making healthcare more accessible and personalized.
Q. How do these startups benefit patients?
Answer: These healthcare startups aim to improve patient outcomes by offering more accurate diagnostics, personalized treatments, and convenient healthcare options. They are making healthcare more accessible and affordable, especially through digital solutions that allow for remote consultations and ongoing care management.
Q. Can I invest in any of these healthcare startups?
Answer: Yes, many of these startups are likely open to further investment opportunities. However, you would need to check individual company websites or consult with investment firms to find out about current funding rounds, partnerships, and investment opportunities.