India-based home solutions startup HomeLane has secured $50 million in funding led by Sequoia Capital. The company had previously raised $4.5 million in February, and will use this latest cash injection for expansion throughout India. Co-founder Srikanth Iyer said: “We believe the addressable market size in India in $10 billion. A million homes are being handed over across the top ten cities in the country this year alone. We want to become a national brand. We are hitting 100 orders a month in Bengaluru. With $10 million annualized run rate in one city in one year, it could be $1 billion across ten cities.”
Medical practice software provider Aledade has raised $30 million in funding. The round was led by ARCH Venture Partners, with participation from Venrock. “First, we have tapped into a huge unmet need and a growing demand for our healthcare technology services. We hand-picked and signed up 26 practices within weeks of starting the company, and have now established unique partnerships with over 100 primary care practices in 9 states. These practices serve nearly half a million patients, and our multiple accountable care organizations will soon be managing the total cost and quality of care for over 75,000 Medicare patients,” founder Farzad Mostashari wrote in a blog post.
Decawave, which offers location and connectivity applications, has closed a funding round from angel investors which brings the company’s total cash raised to date to $30 million. Decawave will use the funds to quicken the development of its technology to meet demand in the consumer market. “DecaWave has seen continual growth since our launch, and now with the Internet of Things, there is increasing demand for highly-accurate location solutions for everyday items in the consumer markets – the connected home driving the pack. This latest funding round allows us to accelerate the development of our technology and expand our company to meet our customers’ expectations,” said Ciaran Connell, DecaWave CEO.
Catalia Health, a healthcare and technology company developing a series of weight loss coaching robots, has raised $1.25 million in seed investment from Khosla Ventures and others. The company was founded in August 2014 and works in collaboration with the likes of Media Lab and Boston University Medical Center.