Imagine Pediatrics Raises $67 Million in Series B Funding Led by Optum Ventures and Others
Imagine Pediatrics, a virtual pediatric medical group, has secured $67 million in a Series B funding round to support its growth and expansion.
Venture capital firm Optum Ventures, a division of UnitedHealth Group’s subsidiary Optum, joined the funding round alongside Oak HC/FT, Rubicon Founders, and the Autism Impact Fund.
Imagine delivers virtual pediatric care specifically for children with special needs. The company collaborates with health plans, providers, caregivers, and community organizations to offer medical, behavioral, and social care both remotely and in-home. According to a company statement, the new funding will be used to expand and improve its proprietary technology platform.
Care for children with autism and special needs has become a growing focus for venture capital and private equity firms seeking innovative solutions. For example, Positive Development, which provides developmental therapy for autistic children and their families, recently announced a $51.5 million Series C funding round last month.
Cerebral Raises $25 Million in Equity, According to SEC Filing
Behavioral telehealth provider Cerebral secured $25 million in equity financing, as revealed in a Securities and Exchange Commission filing dated September 11. The company has not made a public announcement regarding the funding round.
The recent funding represents a significant decrease from Cerebral’s previous $300 million raise announced in December 2021. Since then, the company has faced increased scrutiny over its former practice of prescribing controlled substances for attention deficit hyperactivity disorder (ADHD).
In November, Cerebral agreed to pay over $3.6 million in fines to the federal government but stated it had to defer payments on additional allegations due to its financial situation. In August, the company announced the acquisition of Resilience Lab, a behavioral health provider.
Cerebral did not respond to requests for comment regarding the latest funding round.
Doctronic Secures $20 Million in Series A Funding
Doctronic, a platform powered by artificial intelligence, has raised $20 million in a Series A funding round.
The funding round was led by venture capital firm Lightspeed Ventures, with participation from Union Square Ventures, Tusk Ventures, Mantis VC, and Seven Stars.
Doctronic offers personalized, anonymous health guidance via its AI-powered platform. After engaging with the platform, users can access virtual physician consultations for $39 per visit. According to a company statement, the new capital will be used to expand its service offerings.
Billing Technology Company Inbox Health Raises $20 Million
Inbox Health, a patient billing technology firm, secured $20 million through a combination of equity and debt financing.
The funding round was led by growth equity firm Ten Coves Capital, with additional participation from CT Innovations, Commerce Ventures, Fairview Capital, I2BF, Healthy Ventures, and Vertical Venture Partners. The debt portion was led by Silicon Valley Bank, a division of First Citizens Bank.
Inbox Health automates patient billing and payment processes for healthcare providers. With total funding now reaching $55 million, the company announced plans to use the new capital to advance its AI research and development efforts.
