Healthcare tech startups raise millions in funding rounds

Arcadia, a data analytics company for the healthcare sector, has secured $125 million from Vista Credit Partners, the credit-lending arm of private equity firm Vista Equity Partners, to accelerate its platform development and go-to-market strategy. Arcadia’s CEO, Michael Meucci, said the funds would enable the company to invest in its platform, service delivery and customer relations to cement its position as the healthcare industry’s leading data platform. Digital mental healthcare provider Spring Health has raised $71 million in a funding round to develop new services while aiming for profitability. Health data aggregation and centralisation platform 1upHealth has raised $40 million in Series C funding to develop its Data Cloud product and grow its team. Medication adherence firm Scene Health raised $17.7 million in Series B financing to develop its offering for Medicaid managed care and Medicare Advantage plans, clinical research organisations and pharmaceutical companies.

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