TytoCare raises an additional $50M for its oversubscribed Series D round

TytoCare, a telehealth platform and remote care device maker, has added another $50 million to its Series D funding round, bringing the oversubscribed round to a total of $100 million.

The Israeli startup raised the first $50 million in April 2020 in a round led by Insight Partners, which led this extension as well. New investors Tiger Global Management and Qumra Capital joined this time around, as well as investors from previous rounds, including Qualcomm Ventures, Olive Tree Ventures, and Shenzhen Capital Group Company. Read more…

The tech hub is also partnering with entities near Methodist in the Texas Medical Center, such as the TMC Innovation Institute, which hosts digital health startups in its company accelerator program called TMCx.

“We have great synergies with TMCx,” Sol said. “We meet with them to discuss opportunities and will work with some of the companies in their cohort.”

In addition, the hospital is also partnering with New York-based TytoCare, a company that performs remote medical exams on demand. The company closed on a $50 million growth round at the beginning of April.

When the hub opened, TytoCare executives visited Houston Methodist to see it in person, according to Marcos Domiciano, director of provider solutions at TytoCare.

The partnership between the two entities is just starting, he said, and will focus on providing robust virtual care to patients and employers.

“Our hope is that their clinicians, staff and partners can interact with TytoCare in-person and actually touch and feel the solutions so they get firsthand experience of our capabilities,” Domiciano said via email. Read more…

Soon, this easy, in-home diagnostic device will be standard home equipment for every family.

In my past five years as a parent, I’ve called the doctor more times than I have in the 30 years before. No one wants to drag a sick kid to the doctor’s office. And if you’ve ever spent a significant amount of time trying to decide if barf is more green or yellow, you already know that a doctor’s ability to help over the phone is somewhat limited.

Institutions like Kaiser Permanente and the US Department of Veteran’s Affairs have integrated telehealth services into their programs. It’s now relatively easy for patients to schedule appointments online or set up a video appointment with a therapist.

But most diagnostic tests still require clinical skills to administer. The TytoCare TytoHome doesn’t. It’s the first commercially available audiovisual in-home diagnostic kit with which a patient can conduct the examination on their own, without a provider. Read more…

SIOUX FALLS, S.D. (KELO) — A new way for doctors to treat and diagnose patients is now available at Sanford Health.

The hospital is partnering with TytoCare to enhance their telehealth services, making virtual visits better than ever.

The days of heading into the clinic to see a doctor are dwindling down.

Paul and Jolyn Munson say being able to visit with their doctor using video chat makes getting medical attention easy.

Best Buy, having already demonstrated it can remain relevant in the age of Amazon, has identified health as a key growth focus. The latest sign of that ambition: It’s the first U.S. retailer to sell exclusively a telehealth device kit that allows consumers to perform medical tests on areas including heart, lungs, throat and ears and connect with physicians to remotely diagnose symptoms. Read more…