PBM Capital Rx raises $106M; Digital surgical procedure platform Proximie scores $80M


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Pharmacy profit supervisor Capital Rx raised $106 million in a Collection C funding spherical led by B Capital. The spherical included participation from Basic Catalyst and current buyers Transformation Capital and Edison Companions. Capital Rx stated its whole funding pot now totals $175 million.

The corporate affords the JUDI platform, pharmacy advantages software program that features instruments for constructing and implementing plans, adjudicating claims, exchanging information, prior authorization, and billing. 

“Capital Rx has the clearest imaginative and prescient we have seen out there for remodel the infrastructure of healthcare to allow higher care at a decrease value,” Dr. Robert Mittendorff, common companion at B Capital, stated in a press release. As a part of the funding, Mittendorff will be a part of Capital Rx’s board of administrators.

“AJ and crew have made unbelievable progress in modernizing and unifying the working platform for prescription drug pricing and supply, displaying trade companions, employers and American customers {that a} new stage of care supply and affected person expertise is feasible for prescription drug entry and pricing.”

Digital surgical procedure platform Proximie introduced Tuesday it had raised $80 million in Collection C financing.

The spherical was led by Creation Life Sciences with participation from new buyers Emerson Collective, SoftBank Imaginative and prescient Fund 2, British Affected person Capital, Mubadala Funding Firm and the Minderoo Basis. Current buyers F-Prime Capital, Eight Roads, Questa Capital, World Ventures and Maverick Ventures additionally participated.

The newest increase brings the corporate’s whole funding to $130 million. Proximie most not too long ago introduced a $38 million Collection B in April 2021. 

The startup makes use of augmented actuality know-how to permit clinicians to remotely attend and take part in surgical procedures. Information from these procedures might be recorded and analyzed later with a watch towards enhancing outcomes. The funding will go towards growing and scaling its platform.

“Our imaginative and prescient is to democratize surgical procedure by way of higher information by connecting each OR and cath lab on the earth,” CEO and founder Dr. Nadine Hachach-Haram stated in a press release.

“We started this journey enabling surgeons to nearly be a part of any OR. Now, we’re utilizing this functionality to digitize the working room, bringing sufferers the collective experience of one of the best surgeons on the earth – the place information collected and shared on Proximie may help them obtain life-saving care, regardless of the place they reside.”

Digital pathology firm Proscia introduced Tuesday it scooped up $37 million in Collection C financing. 

The spherical contains participation from Highline Capital Administration, Triangle Peak Companions and Alpha Intelligence Capital, in addition to current buyers, together with Scale Enterprise Companions, Hitachi Ventures, ROBO World, Emerald Growth Managers and Razor’s Edge Ventures. 

Proscia stated the funding brings its whole increase to $72 million, constructing on a $23 million Collection B spherical from 2020. It plans to make use of the funds to construct its business operations, together with by hiring for gross sales, advertising and marketing and help groups, in addition to including distribution partnerships. 

“Pathology deserves the identical revolutionary know-how that has reworked the remainder of medication and our lives,” CEO David West stated in a press release. “Our Collection C will allow us to proceed delivering this innovation to the scientists and pathologists who’re utilizing it to enhance affected person outcomes. We’re thrilled to companion with unbelievable buyers who imagine deeply in our mission as we take the subsequent step in our journey.”

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