Welcome to Insider Healthcare. I’m healthcare editor Leah Rosenbaum, and today in healthcare news:
- We ranked the top biotech investors of 2021 who are poised to dominate next year too;
- Included Health is gearing up for an IPO early next year;
- Meet Virtue, a new investor fund for digital health.
- Insider analyzed more than 90 IPOs to find the top venture-capital firms that led biotech in 2021.
- Arch, Novo Holdings, and Flagship Pioneering topped the list with more than $US1 ($AU1) billion in equity.
- Several firms have already raised new funds and laid out investment plans for next year.
- Included Health has hired firms to gear up for an IPO, four people told Insider.
- In 2021, the health startups Grand Rounds Health and Doctor on Demand merged to form Included.
- The company offers services such as mental-health care and specialty referrals.
Health systems and insurance companies are investing in first-time funds like the newly minted firm Virtue to capitalize on the digital health boom
- The investor Sean Doolan is launching Virtue, his first solo fund, with $US31.25 ($AU44) million in funding.
- Doolan previously invested in healthcare companies in his role at Global Founders Capital.
- He told Insider the booming industry needed smaller and faster investors.
More stories we’re reading:
- SoftBank just invested $US300 ($AU419) million in the mental-health startup Cerebral. The lead investor told us about how he plans to steer the mega-VC toward more digital-health deals. (Insider)
- An inside look at Biogen’s leadership disaster in the wake of the Aduhelm approval (STAT)
- Scientists found a 2nd type of Omicron that’s harder to track since tests struggle to distinguish it from other variants (Insider)
- How the COVID-19 virus could mutate next (Nature)
- A top CVS Health exec breaks down the 4 ways the company is using technology to transform how patients get care and prescriptions (Insider)