Investor
Watertown, Massachusetts-based Firefly Health has closed its $40 million Series B funding round, led by Andreessen Horowitz.
This comes just a week after news broke that Bright Health plans IPO.
The deal is expected to close this summer, subject to stockholder approval, and will raise $113 million for the combined company.
The company designed a tool to automate bills and give patients additional insights to their charges.
The company plans to use the new funds to expand its product line.
Rock Health reports $6.7 billion in digital health funding in Q1, a majority of which comes from rounds worth more than $100 million.
WELL Health plans on keeping Intrahealth a stand-alone business in its EMR group.
MobiHealthNews reported on 99 digital health fundings in Q1.
The company landed a 510(k) for its single-source digital X-ray Nanox.ARC, and said more clearances are in the pipeline.
Former CEO Ed Cox tells the story of Dthera Sciences and outlines how the digital therapeutics landscape has shifted since his company's heyday.