Digital health startup Lifesum has raised a $10 million funding round led by Nokia Growth Partners. The Stockholm-based company will use the funds for new staff and product development, as it expands in Europe and the U.S. The Lifesum app created personalized plans for people to help them lose weight and lead healthier lives. The app has over 15 million users. Draper Esprit, Bauer Media Group and SparkLabs Global Ventures also participated in the funding round.
Azalea Health, which provides revenue cycle enhancement software for the healthcare sector, has closed a Series B funding round worth $10.5 million. Kayne Partners led the round with participation from existing investor Intersouth Partners. “We are very pleased with this opportunity to partner with Kayne Anderson, a like-minded, technically focused equity provider that has a strong track record within the health IT space,” said Baha Zeidan, CEO and Co-Founder. “Now more than ever, hospitals and physicians need tools that deliver a strong ROI, streamline workflow, and are easy to adopt and use,” Zeidan continued. “With payment reforms focused on achieving outcomes and lower costs, healthcare organizations require a comprehensive end-to-end platform that supports every aspect of their practice.”
Modo Labs, a provider of a mobile engagement platform for universities and colleges, has raised $10 million in funding. Education Growth Partners (EGP), Storm Ventures and New Magellan Ventures all participated. “In order to stay competitive, today’s universities and corporations must provide a mobile solution that enhances the student and employee experience. Modo Labs fills a critical need by enabling organizations to successfully launch and achieve large-scale mobile initiatives with relatively small investments and few resources,” said Andy Kaplan, EGP Managing Partner. “Furthermore, Modo Labs already has a great reputation as a leader in the higher education market. We’ve been extremely impressed by Modo’s customer focus and the strong regard customers have for Modo and its product. We’re excited to work with Modo Labs to bring this much-needed technology to more organizations.”