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


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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 traders. 

The startup’s first product known as Market Search, a search engine that pharmacies can present to their customers that makes use of knowledge from completely different drug low cost packages to seek out lower-cost medicines. It plans to make use of the capital to scale the enterprise, rent new staff members and spend money on 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 accessible packages to economize on life-saving medicines by partnering with their pharmacies,” Mark Thierer, cofounder and CEO of Waltz Well being, mentioned in a press release.

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 expertise staff has a status for creating software program at scale to resolve the hardest issues in in the present day’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.

In response to the startup’s web site, its app builds a dashboard of doctor duties, delivers instructional sources and connects to an in-person staff that may deal with affected person requests like working with specialty pharmacies and producers to seek out lower-cost medicines.

“FCA Enterprise Companions is dedicated to figuring out and supporting healthcare expertise firms which are poised to ship vital worth by way of a breakthrough resolution, and to take action whereas constructing a sustainable enterprise mannequin,” FCA Enterprise Companions’ Todd Johnson mentioned in a press release.

“Impiricus clearly matches this class. Their excellent management has developed novel instruments for pharmaceutical firms and physicians to extra successfully and effectively join so as 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 traders are taken with applied sciences for value-based care, cellular instruments, large knowledge analytics and safe infrastructure. 

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