Nueterra Capital portfolio company Healium has earned a CES 2022 Innovation Award for its virtual and augmented reality apps that bring wearable biometric data to life. Produced by the Consumer Technology Association, CES is recognized as “the most influential tech event in the world.” Since its first event in 1967, it has been the go-to for unveiling transformative products including the VCR, satellite radio, electric cars, smart appliances, and 3D printers. CES’ Innovation Awards honor outstanding design and engineering in consumer technology products, as judged by a panel of expert consumer technology designers, engineers, and members of the media. You can read more about Healium’s award in Startland News.
As we close out 2021, we’re looking back at our highlights and those from our portfolio companies. We’re grateful for what we’ve accomplished and ready for new opportunities in 2022.
Nueterra Capital portfolio company Spinal Simplicity announced that its Minuteman family of implants has received Indication for Use (IFU) clearance from the FDA for the treatment of lumbar spinal stenosis. Spinal Simplicity’s Minuteman implant is an interspinous-interlaminar fusion device that provides immobilization and stabilization of the spinal segments. Previously cleared for use in treating degenerative disc disease, spondylolisthesis (slipped vertebra), trauma, and tumors, the new clearance allows patients suffering from lumbar spinal stenosis to have access to this minimally invasive treatment.
Nueterra Capital portfolio company medZERO announced it has closed a $5.7 million seed financing round, which it will use to invest in its digital platform and to hire for key sales, marketing and operations roles, according to a press release issued by the company. medZERO’s “Buy Now, Pay Later” employer-sponsored payment solution helps make out-of-pocket medical costs manageable for employees by extending payments over time through payroll deduction, with no fees or interest. medZERO was a member of the 2019 LaunchKC Health Accelerator, sponsored by Nueterra Capital.
Nueterra Capital portfolio company CareSignal has been acquired by Lightbeam Health Solutions, a leader in end-to-end population health management solutions, according to a press release issued by Lightbeam. CareSignal’s deviceless solution for remote patient monitoring makes it possible for health care providers to employ automated, evidence-based SMS and IVR interventions to improve patient outcomes. Lightbeam plans to integrate CareSignal’s platform into its core population health offering, which currently serves over 42 million patients in the United States.
Nueterra Capital portfolio company BrainCheck has raised $10 million in Series B funding, the company announced in a press release. Nueterra Capital participated in the Series B round, which takes the total capital raised by BrainCheck to date to $20 million. BrainCheck’s cognitive healthcare platform allows physicians to facilitate in-person or remote cognitive testing via a 10-15 minute test that’s covered by Medicare and most insurers. As reported in TechCrunch, BrainCheck will use the Series B funding to expand its research and development and go-to-market capabilities as it pursues new digital therapeutics for Alzheimer’s and related dementias.
Nueterra Capital portfolio company IVX Health announced it has completed a $100 million Series F minority investment from private equity firm Great Hill Partners. IVX Health’s patient-focused centers offer guaranteed private suits, amenities like large flat screen TVs and high-speed WiFi, and the ability to schedule appointments for evenings and weekends. IVX Health currently operates 50 infusion centers across 16 markets; according to a company press release, IVX Health plans to use the Series F funds to accelerate further growth across the country.
Firebrand Ventures announced it has closed a $40 million seed fund, as reported by Startland News and the Kansas City Business Journal. In a press release, the firm said it plans to continue its investment focus on “authentic leaders based in emerging startup communities” and has already invested in startups in Detroit, Seattle, and Toronto. The firm also announced the opening of its new Austin office, led by principal Claire Hansen, and the addition of Leo Morton, former University of Missouri Kansas City Chancellor and current President and COO of DeBruce Companies, to its advisory board.
Nueterra Capital portfolio company HealthJoy has launched Virtual MSK Care, a low-cost exercise therapy program for people with chronic musculoskeletal (MSK) pain. Approximately 126.6 million Americans are affected by MSK, resulting in $213 billion spent on MSK care annually. Employee benefits platform HealthJoy has created the Virtual MSK Care program to “help significantly reduce pain levels without resorting to addictive medications, costly surgeries, or inconvenient in-person PT.” Virtual MSK Care was borne out of HealthJoy’s acquisition of Rekinetics, a neuroscience-based virtual exercise therapy program.
Congratulations to Nueterra Capital portfolio company HealthJoy, which earned the #142 spot on the “Inc. 5000 2021,” Inc.’s list of the 5000 fastest-growing private companies in America. With a three-year growth rate of 2,907%, HealthJoy ranks 25th in the healthcare industry on the Inc. 5000 list. You can read the full Inc. 5000 2021 list here.