Waltz Well being raises greater than $35M for drug value market and extra digital well being fundings

Prescription-focused Waltz Well being launched Tuesday with $35.4 million in Collection A funding. The spherical was led by GV, with participation from Outline Ventures, Echo Well being Ventures, Blue Enterprise Fund, Byers Capital, Twine Ventures and particular person healthcare government buyers. 

The startup’s first product is known as Market Search, a search engine that pharmacies can present to their customers that makes use of information from completely different drug low cost packages to seek out lower-cost drugs. It plans to make use of the capital to scale the enterprise, rent new crew members and put money into product improvement.

“We’re working with the present drug provide chain construction to realign incentives, decrease prescription drug costs and provides energy again to healthcare customers. Our mission begins with giving customers visibility into obtainable packages to economize on life-saving drugs by partnering with their pharmacies,” Mark Thierer, cofounder and CEO of Waltz Well being, mentioned in an announcement.

Thierer served as CEO of pharmacy profit supervisor OptumRx after UnitedHealth Group acquired fellow PBM Catamaran, the place he was chairman and CEO. 

“Our technique is to ship software-driven options to resolve the most important pharmaceutical challenges customers and payers face. Our Waltz Well being know-how crew has a status for creating software program at scale to resolve the hardest issues in right now’s PBM market.”

Impiricus scored $3 million in a seed funding spherical led by FCA Enterprise Companions with participation from Floor Ventures for its doctor digital assistant.

According to the startup’s website, its app builds a dashboard of doctor duties, delivers instructional sources and connects to an in-person crew that may deal with affected person requests like working with specialty pharmacies and producers to seek out lower-cost drugs.

“FCA Enterprise Companions is dedicated to figuring out and supporting healthcare know-how corporations which are poised to ship vital worth by means of a breakthrough answer, and to take action whereas constructing a sustainable enterprise mannequin,” FCA Enterprise Companions’ Todd Johnson mentioned in an announcement.

“Impiricus clearly matches this class. Their excellent management has developed novel instruments for pharmaceutical corporations and physicians to extra successfully and effectively join in an effort to higher serve their sufferers.”

Well being tech enterprise capital agency Flare Capital Companions introduced Tuesday it had closed its third fund with a complete of $350 million.

The VC mentioned its buyers are inquisitive about applied sciences for value-based care, cell instruments, large information analytics and safe infrastructure. 


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