Red Herring

THE BUSINESS OF TECHNOLOGY

  • Startups
  • Mobile
  • Enterprise
  • Consumer
  • Social
  • Events

WellDoc grabs $22m Series B round

December 18, 2015

Digital health startup WellDoc has completed a $22 million Series B round of financing. Samsung Ventures was the lead investor, with Merck Global Health Innovation co-lead, according to a company press release. Adage Capital Management, Excel Venture Management, Alexandria Venture Investments and Hudson River Capital Partners LLC also participated. “The success of our initial commercial launch of BlueStar has provided us with valuable information that we will use to expand nationally to bring BlueStar to adults with type 2 diabetes,” said Kevin McRaith, CEO of WellDoc. “Our goal is to help improve patient self-management, which ultimately leads to better outcomes as demonstrated in our published clinical trials, as well as our commercial launch. The progress reported by those who have used BlueStar to date, and the data we have captured from that usage, motivates us to find new ways to make our product available to more people. With the financial contributions and strategic capabilities of the investors participating in our Series B, we can take WellDoc and BlueStar to the next level – evolving our business model and distribution channels.”

Lily Robotics, producer of a selfie taking drone, has secured $15 million in funding from investors such as Spark Capital, SV Angel, the Stanford-StartX Fund, as well as musician Steve Aoki and football legend Joe Montana. The company is aiming to deliver its flying camera from summer 2016. “We are very fortunate to have the support of this incredible group of people. This backing allows us to progress toward our ship date, expand the team as needed, and remain laser-focused on delivering a state of the art flying camera to you in Summer 2016,” a company blog post read.

Atheer, which is developing an augmented reality platform, has closed a $14 million Series B funding round led by Signatures Capital and Streamlined Ventures. Fang Group, Shanda Group, FundersClub and RONA Holdings also participated. “Smart glasses based AiR computing and augmented reality are on a path to becoming $100B+ industry. We’re excited about the keen investor confidence in our vision for the industry, our team as well as the growing customer base for the AiR platform,” said Alberto Torres, CEO of Atheer. “I’m also delighted that Joe and Michael are coming on board at a crucial juncture in our growth story. Joe’s experience of growing an innovative technology company like Masimo into a powerhouse and Michael’s out-of-the box thinking to transform Fortune 100 companies will be tremendous assets to Atheer.”

  • 
  • 
  • 
  • 

Filed Under: Finance, Investment Round Up, Startups

Related Articles

  • Hiring Freezes and Workforce Cuts Hit Tech Companies Hard 
  • Amazon to Cut 18,000 Jobs 
  • Porsche to Go Ahead with IPO 

Widget Spacer

Top 100

The Red Herring Top 100 awards highlights the most exciting startups from Asia, Europe and the Americas.

Learn More

Upcoming Events

  • Top 100 Asia

  • Top 100 North America

  • Top 100 Europe

Widget Spacer

Guest Column

What is a Learning Management System?

Rouben David, of CourseForMe.com, outlines the features and benefits of

Widget Spacer

Subscribe

Subscribe now to get event news and updates delivered right to your inbox:

Widget Spacer

#DigitalHerring Tweet

My Tweets
  • About
  • Press & Media
  • Contact Us
Red Herring LinkedInRed Herring Facebook

Copyright © · Red Herring, Inc.

Copyright © 2025 · Red Herring Theme on Genesis Framework · WordPress · Log in