digital health funding

The startup will be targeting new hires, increased marketing and brand awareness campaigns, and new developments for its product.

The company currently has three prescription digital therapeutics available on the market.

Also: Stanford University spinout Deepcell lands $20 million in funding and Folx raises $4.4 million. 

The company projects that sales of its testing kits will triple by the end of 2020.

This is Olive's third raise in 2020 alone, and now values the AI company at $1.5 billion.

A Q4 progress report from CB Insights predicts a drop-off in investment between the quarters, for digital health and the broader healthcare startup ecosystem alike.

With these funds, Well Health has now raised $75 million since its founding in 2015. 

Also: Hedway lands $26M, Spring Health closes a $76M deal and Outcomes4Me rakes in $4.7M 

Katya Hancock, Investor Network director at StartUp Health, says although Q3 2020 was the largest quarter for digital health funding in history, there's still a lot of work to do to address the most pressing healthcare needs.

Also: Upfront Healthcare announces $11.5M in funding; Solv scores $27M and adds to its team; Levels gets $12M in a seed round.