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VC-backed Teladoc sets IPO pricing terms

Dallas-based telehealth platform Teladoc has priced its IPO of 7 million shares at between $15 and $17 per share. The company plans on trading the stock on the New York Stock Exchange under the ticker symbol “TDOC.” J.P. Morgan Securities LLC and Deutsche Bank Securities Inc are serving as the lead underwriters. Teladoc’s backers include Icon Ventures, FLAG Capital Management, Greenspring Associates, Mellon, QuestMark Partners, Cardinal Partners, HLM Venture Partners, Kleiner Perkins Caufield & Byers, New Capital Partners and Trident Capital.

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AbilTo nets $12 mln in HLM-led round

New York City-based behavioral change programs provider AbilTo has secured $12 million in Series C funding. HLM Venture Partners led the round with participation from previous backers BlueCross BlueShield Venture Partners, .406 Ventures and Sandbox Industries. In conjunction with the financing, HLM’s Yumin Choi has been added to AbilTo’s board of directors.

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Cleardata raises $25 mln

Cleardata said Thursday it closed $25 million Series C funding contributions from Heritage Group, HLM Venture Partners and Flare Capital Partners. Existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management also participated. Tempe, Arizona-based Cleardata provides cloud computing, platform and information security services to the healthcare industry.

Security company ClearDATA raises $25 mln

Phoenix-based ClearDATA, a provider of security services for the healthcare industry, announced it has raised an over-subscribed $25 million Series C round of funding. Investors include Heritage Group, HLM Venture Partners and Flare Capital Partners, along with existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management. The company has now raised $42.4 million to date.

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Imagine Health snags $21 mln Series A

Cottonwood Heights, Utah-based Imagine Health, a creator of custom provider teams of hospitals and physicians, has raised $21 million in Series A funding. Trident Capital and HLM Venture Partners led the round. In conjunction with the funding, John Reardon and Arneek Multani of Trident Capital and Peter Grua of HLM Venture Partners have been added to Imagine Health’s board of directors.

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Aventura picks up $14 mln Series C

Denver-based Aventura, a provider of healthcare workflow optimization software solutions, has secured $14 million in Series C funding. Safeguard Scientifics and Merck Global Health Innovation Fund led the round with participation from previous backers Excel Venture Management, HLM Venture Partners and Memorial Care Innovation Fund.

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Phreesia nets $30 mln in LLR-led round

​Phreesia has closed $30 million in funding. LLR Partners led the round with participation from HLM Venture Partners and Ascension Ventures. According to the company, the capital will be used for growth, product development and customer acquisition. Based in New York City, Phreesia is a healthcare point-of-service platform.

Aventura closes funding and appoints president and CEO

Aventura has completed a $4.3 million investment led by current investors Clarion Direct Investment, Excel Venture Management, HLM Venture Partners and MemorialCare Innovation Fund. The financing builds on Aventura’s previously announced $13 million equity financing in 2011.

WellPoint Leads $11 Mln Round for Linkwell Health

Linkwell Health said Wednesday it raised $11 million in Series C funding led by WellPoint. Existing investors Spark Capital and HLM Venture Partners also participated in the round. New York-based Linkwell develops health and wellness consumer engagement platforms.

Summit Microelectronics Acquired By Qualcomm

Qualcomm Inc. said it acquired Summit Microelectronics, a developer of programmable power integrated circuits based in Sunnyvale, Calif. No terms were disclosed. The company has a long list of venture backers, including Bessemer Venture Partners, Norwest Venture Partners, CID Group, HLM Venture Partners, Nokia Growth Partners, August Capital Management and FirstMark Capital, according to data […]

MedVentive Closes $12M Series D

MedVentive has closed a $12 million Series D round. Investors National Healthcare Services and CHV II L.P. were joined by existing investors including CHV Capital, Core Capital Partners, Excel Venture Management, HLM Venture Partners and Long River Ventures. National Healthcare Services is the investment arm of MemorialCare Health System in California. MedVentive is a provider of business and clinical intelligence and outreach applications designed to help reduce healthcare costs and improve the quality of patient care.

Teladoc Snaps Up $18.6M

KPCB led a $18.6 million funding in Teladoc, the Dallas-based telehealth provider, joining existing investors Cardinal Partners, HLM Venture Partners, Trident Capital and New Capital Partners. Dana Mead from KPCB worked on the transaction for the VC.

Valeritas Lands $150M Series C

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

Transcend Medical Sews Up $51M Series B

Transcend Medical Inc., a Menlo Park, Calif.-based ophthalmic device company, has closed a second tranche of its Series B round, bringing the total to an eye-popping $51 million. Investors include Investor Growth Capital, Canaan Partners, Finistere Ventures, HLM Venture Partners, Kaiser Permanente Ventures, Latterell Venture Partners, Morgenthaler Ventures, Split Rock Partners and Technology Partners. The company says it will use the funds to develop additional infrastructure and resources for a U.S. study of its micro-stent technology. The company is focused on minimally invasive glaucoma therapies.

Medical Device Maker TYRX Inks $20 Million

New Jersey-based medical device company TYRX has raised $20 million in a round led by new investor HLM Venture Partners. The company’s previous investors Clarus Ventures and North Carolina-based Pappas Ventures also contributed to the round. The financing also included $4 million in debt financing from Comerica Bank. HLM Venture Partners’ Edward Cahill joins the TYRX board as a result of the financing. Clarus Ventures has offices in Cambridge, Mass., and in San Francisco. HLM Venture Partners is based in Boston and San Francisco.

Phreesia Snags $20M Series D, Led by VantagePoint Venture Partners

Phreesia, a New York-based patient payment collections startup that produces both hardware and software, has just closed a $20 million Series D round, led by VantagePoint Venture Partners and including Ascension Health Ventures, Polaris Venture Partners, HLM Venture Partners, Long River Ventures and BlueCross BlueShield Venture Partners. PRESS RELEASE: NEW YORK, Sept. 28 /PRNewswire/ — […]

Seahorse Raises $5 Million

Seahorse Bioscience, Inc., a Billerica, Mass.-based medical instrument company, closed a $5 million round of financing. Investors in the Series D round included Commonwealth Capital Ventures, FLIR Systems Inc, Rock Maple Ventures, Life Sciences Partners, Oxford Bioscience Partners, Healthcare Ventures, New Science Ventures and HLM Venture Partners.

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