Argon Ventures amplifies founder energy to launch and build impactful global businesses based on cutting-edge technologies. Argon VC seeks founding teams that marry deep industry insight with novel technology platforms that often leverage proprietary data.

Argon Ventures

Techstars is a global platform that provides investment and innovation. Through the Techstars Worldwide Entrepreneur Network, founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates four divisions: Techstars Mentorship-Driven Accelerator Program supercharges success and Techstars Startup Programs inspire, educate, and connect entrepreneurs. Techstars Venture Capital Fund invests in innovative and disruptive companies. Techstars Corporate Innovation Partnerships help brands create products and services. Techstars' accelerator portfolio includes more than 1,000 companies with a market cap of $8.1 billion.

Techstars

Good Growth Capital provides investors with exceptional returns through our ability to source, assess and invest in early-stage transformative science- and technology-based companies in life sciences, data sciences, and greentech/hard sciences.

Good Growth Capital

Flare Capital Partners provides capital for early-stage and emerging healthcare technology companies. The firm invests across the United States, recognizing that healthcare technology innovation is occurring in many cities around the country.

Flare Capital Partners

Gutbrain Ventures is an independent venture firm that invests primarily in enterprise software companies.  It was founded in 2011 and headquartered in Boston, Massachusetts.

Gutbrain Ventures

TBD Angels is a group of like-minded angel investors who thrive on sharing advice, guidance, and capital with talented entrepreneurs. TBD Angels provide critical advice and connections to jumpstart the companies it invests in.

TBD Angels

Huat Ventures operates as a venture capital firm. Huat Ventures invests in founders of tech companies across industries.

Huat Ventures

Launchpad Venture Group is an angel investment group that provides funding to early-stage companies. It looks for innovative, technology-driven startup companies addressing a significant market opportunity where investors can make a difference. It is well connected to potential customers, service providers, partners, and future sources of financing. It is providing human and financial capital to help entrepreneurs build successful companies.

LaunchPad Venture

Alumni Ventures Group provides high-quality, diversified venture portfolios to individual investors who previously haven't had access to VC. It helps accredited alums from top entrepreneurial schools invest together in the ventures of fellow alums. The firm backs companies with an alumni connection and an institutional lead investor with expertise in the space. AVG also offers focused funds that allow any accredited investor access to a venture portfolio, diversified by type, sector, stage, and geography. Beth Obermiller, Michael Madden, and Mike Collins co-founded the firm in Manchester, New Hampshire in 2013.

Alumni Ventures

Headwater Ventures investing in the modernization of health + care.

Headwater Ventures

Piction Health

For patients with skin, hair, or nail issues, Piction Health provides expert care by dermatologists within 2 days, including diagnosis and a personalized care plan.  Piction Health's goal is to ensure every person has access to high quality, expert dermatology care from the comfort of home.  Piction Health utilizes AI to provide a trusted, quick experience for both patients and providers.

Piction Health, previously known as LuminDx, is a digital dermatology clinic offering an AI-powered app to provide patients access to virtual consultations with dermatologists for skin- and hair-related concerns. Its app rapidly classifies skin diseases by leveraging a vast database of dermatological images and creates access to consultants within 48 hours, overcoming the delays and misdiagnoses associated with traditional dermatology consultations. The application is particularly notable for its emphasis on inclusivity, featuring a diverse image database that represents various skin tones often underrepresented in medical literature. As of May 2024, Piction Health operated across Massachusetts, Connecticut, New Hampshire, and Florida.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

New applications of AI in dermatology from Piction Health

Piction Health, previously known as LuminDx, is a digital dermatology clinic offering an AI-powered app to provide patients access to virtual consultations with dermatologists for skin- and hair-related concerns. Its app rapidly classifies skin diseases by leveraging a vast database of dermatological images and creates access to consultants within 48 hours, overcoming the delays and misdiagnoses associated with traditional dermatology consultations. The application is particularly notable for its emphasis on inclusivity, featuring a diverse image database that represents various skin tones often underrepresented in medical literature. As of May 2024, Piction Health operated across Massachusetts, Connecticut, New Hampshire, and Florida.Key customers and partnershipsAs of July 2022, Piction Health's AI dermatology tool was used by over 50 physicians and was integrated into several healthcare organizations. Funding and financialsIn May 2024, Piction Health raised USD 6 million in a financing round that saw participation from investors such as Flare Capital, Techstars, Argon Ventures, Good Growth Capital, and Bayless Healthcare. The funds were set aside to improve Piction Health's AI-driven platform and expand its reach to additional states.

Nice healthcare is a virtual and in-home primary care provider that offers a suite of healthcare services to small and medium-sized businesses, including primary care, mental health therapy, and physical therapy. Nice healthcare operates on a fixed monthly fee per member model, allowing employees to access unlimited care without additional out-of-pocket costs. The company provides virtual consultations through its app, as well as in-home visits for physical exams, lab tests, and X-rays.&nbsp;As of <a href="https://www.nice.healthcare/locations">August 2024</a>, Nice Healthcare was operating in 12 states: Arizona, Colorado, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, Oregon, Utah, Washington, and Wisconsin. The company's services covered <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">over 95%</a> of issues patients typically discuss with their clinicians, with <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">only 4%</a> of patients being referred to external specialists. The company employs nurse practitioners, registered nurses, physician assistants, and medical assistants to deliver care.As of <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care">August 2024</a>, Nice healthcare offered 35 free labs and physical tests as well as in-home imaging services and prescribed over 550 free medications that could be picked up at over 60,000 pharmacies nationwide or delivered to patients' homes.&nbsp;Key customers and partnershipsIn <a href="https://www.prnewswire.com/news-releases/getlabs-and-nice-healthcare-partner-to-expand-access-to-virtual-healthcare-services-and-at-home-lab-testing-301813668.html">May 2023</a>, Nice Healthcare announced a partnership with Getlabs, a provider of at-home diagnostic collections. This collaboration aimed to expand access to in-home healthcare services and lab testing, allowing Nice healthcare patients to benefit from a more comprehensive suite of diagnostic tests.

Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

Dialogue is a leading virtual care and well-being platform that provides comprehensive health services to organizations and their employees. Founded in 2016, the company offers an integrated health platform that centralizes various health and wellness programs in a single application, accessible <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">24/7/365</a>. Dialogue's services include primary care, mental health support, employee assistance programs, and wellness initiatives. As of <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, Dialogue's platform was accessible to around 6 million Canadians, representing approximately 15% of the country's population.The company saw significant growth in <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, with a 34% increase in consultations across all aspects of well-being in 2023 compared to the previous year. Mental health consultations, in particular, saw a 67% increase.&nbsp;In <a href="https://www.newswire.ca/news-releases/dialogue-enters-into-license-agreement-with-sun-life-u-s--824463104.html">July 2023</a>, Dialogue was acquired by Sun Life for an undisclosed sum, expanding its reach beyond Canada. This expanded service reach was estimated to cover an additional 600,000 members in the US. The acquisition was completed in <a href="https://www.sunlife.com/en/newsroom/news-releases/announcement/sun-life-completes-the-acquisition-of-dialogue-canadas-premier-health-and-wellness-virtual-care-platform/123792/">October 2023</a>, with Dialogue continuing to operate as a standalone entity.Key customers and partnershipsThe company has partnerships with major insurers and benefits providers to offer its services as part of employee benefits packages. Additionally, the company noted that, as of <a href="https://www.dialogue.co/en/pricing">August 2024</a>, it worked with over 50,000 companies across Canada to provide its services to employees.

Dialogue

Grin offers telemedicine and remote monitoring services for orthodontic needs such as braces and teeth straightening. Patients can conduct self-scans (using a Grin device made available to patients in collaboration with 3M) which can be connected to their smartphones and share the feed with orthodontists to access dental solutions. The company plans to go to a subscription-based model after the pandemic. The app also encourages patients to have a 40-second check monthly and share the scan with a dentist in order to allow patients to regularly maintain their dental hygiene.Grin is the only Telehealth disruptor covered on the hub that provides virtual orthopaedic consultations.Funding and financialsIn April 2021, the New York-based teledental platform concluded a seed funding of USD 14 million, and the funds will be allocated to develop additional functionalities by building out its technology. The proceeds will also be used to scale up its team, expand its geographic footprint, and add doctors to the company’s orthodontic partner network.

Grin

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates.

A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists.

A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app.

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers.

Companies that use GenAI as a core part of their product offering for Telehealth

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

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Digital dermatology clinic Piction Health has successfully secured USD 6 million in a funding round. Key investors in this round include Flare Capital, Techstars, Argon Ventures, Good Growth Capital, and Bayless Healthcare, increasing Piction Health's total funding to USD 8.4 million.

The acquired funding will be utilized to enhance Piction Health's AI-based platform and extend its services to more states.

Piction Health operates an AI-enabled app that allows patients to consult with dermatologists virtually for skin and hair-related issues within 48 hours. The app leverages a broad database of dermatological images for quick disease classification, addressing the common issues of delay and misdiagnosis in traditional dermatology consultations. The app stands out for its inclusivity, showcasing a diverse range of skin tones often not adequately represented in medical resources. As of May 2024, Piction Health operates in several states, including Massachusetts, Connecticut, New Hampshire, and Florida.

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Piction Health

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