Lyra Health, a Burlingame, Calif.-based provider of mental healthcare benefits for employers, grabbed $235 million in new funding and acquired employee assistance program provider ICAS World. Dragoneer Investment Group led the round, which included support from Salesforce Ventures and Coatue Management. Terms of the acquisition weren’t disclosed. Robynne Sisco, currently co-president and chief financial officer at Workday, joined Lyra’s board of directors.
Iterative Scopes Inc., a Cambridge, Mass.-based startup applying artificial intelligence tools to gastroenterology and drug development, secured $150 million in Series B financing. Co-lead investors Insight Partners and Clearlake Capital Group were joined by Obvious Ventures, Johnson & Johnson Innovation - JJDC Inc., Eli Lilly & Co., Breyer Capital and others in the round. Lonne Jaffe, managing director at Insight Partners, will join the Iterative Scopes board.
Wheel Health Inc., an Austin, Texas-based virtual health startup, scored a $150 million Series C round led by Lightspeed Venture Partners and Tiger Global Management. New investors Coatue Management and Salesforce Ventures also participated in the funding, along with existing backers CRV, Tusk Venture Partners and Silverton Partners.
Apprentice, whose technology helps get therapeutics to patients faster, landed $100 million in Series C funding. Alkeon Capital Management led the round, which included participation from Silverton Partners, Insight Partners, Pacific Western Bank and Colorcon Ventures.
Ori Biotech Ltd., a London-based cell and gene therapy manufacturing startup, picked up more than $100 million in Series B funding. Novalis LifeSciences led the round, which included additional support from Puhua Capital, Amadeus Capital Partners, Delin Ventures, Northpond Ventures and Octopus Ventures. Paul Meister, partner at Novalis LifeSciences, will join the board.
Big Health, a San Francisco-based digital therapeutics startup dedicated to mental health, raised $75 million in Series C financing. SoftBank Vision Fund 2 led the round, which included participation from ArrowMark Partners, Octopus Ventures, Gilde Healthcare, Kaiser Permanente Ventures and Morningside Ventures. John Cassidy, investment director at SoftBank Investment Advisers, joined the board.
Ceptur Therapeutics Inc., a Hillsborough, N.J.-based RNA therapeutics startup, closed a $75 million Series A round. Led by venBio Partners and Qiming Venture Partners USA, the investment included contributions from Perceptive Xontogeny Venture Fund, Bristol Myers Squibb, Janus Henderson Investors, Affinity Asset Advisors, Boxer Capital and LifeSci Venture Partners. Aaron Royston of venBio Partners and Colin Walsh of Qiming Venture Partners USA will join the board.
Alterome Therapeutics Inc., a cancer treatment startup, completed a $64 million Series A round. OrbiMed Advisors led the funding, which saw participation from Nextech Invest, Vida Ventures, Boxer Capital and others. OrbiMed’s Carl Gordon, Nextech’s Thilo Schroeder and Vida Ventures’ Arjun Goyal will join the company’s board.
Gale Healthcare Solutions, a Tampa, Fla.-based provider of staffing services in post-acute and acute healthcare settings, snagged a $60 million growth equity investment. FTV Capital provided the funding, with Partner Richard Liu joining the board.
Xcell Biosciences Inc., a San Francisco-based provider of technology for the development and manufacturing of cell and gene-based therapies, secured $27.5 million in Series B financing. Casdin Capital led the round, which included participation from Dynamk Capital, Formic Ventures, Labcorp, HBM Genomics and Viking Global Investors. Shaun Rodriguez, director of life science research at Casdin Capital, will join the board.
Mantra Health, a New York-based digital mental health clinic focused on young adults, grabbed a $22 million Series A investment. VMG Partners led the round, which saw participation from New Market Venture Partners, Elements Health Ventures, 14W, Alumni Ventures, Canaan Partners, Global Founders Capital, Baleon Capital, Western Technology Investment and City Light Capital.
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