What You Should Know: - Glooko, a Palo Alto, CA-based provider of remote patient monitoring and chronic care management solutions including diabetes and obesity, today announced that they have raised a $30 million Series D round of funding. The funding was led by Health Catalyst Capital along with participation from existing investors Canaan Partners, Georgian, Novo Nordisk, Insulet and Mayo Clinic. - Glooko plans to use these proceeds from this funding to accelerate organic growth and
Transformation Capital Launches $500 Million Digital Health Fund to Support Entrepreneurs Transforming Healthcare
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BOSTON, Jan. 7, 2021 /PRNewswire/ Transformation Capital Partners, L.P. ( Transformation Capital ) today announced the launch of its oversubscribed growth equity fund, Transformation Capital Fund II, L.P. ( TCF II ), which has $500 million in limited partner capital commitments and is focused on investing in commercial-stage digital health companies that serve stakeholders across the healthcare system.
TCF II will invest growth equity to support entrepreneurs building game-changing digital health and technology-enabled service businesses that are improving the healthcare system. Transformation Capital sees enormous opportunity to attack waste and drive efficiencies, leverage patient-specific information to deliver data-driven, tailored care with better outcomes, and give the consumer what they need to select