business
Health Tech Start-Up Raises $700 Million in New Funding Round
A health technology company received $700 million in fresh capital. The round increased the firm's valuation by several billion dollars. The company was co-founded by a Spotify executive.
Jul 15, 4:13 AM·1m read2 sources
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A health technology start-up secured $700 million in a new funding round, increasing its valuation by several billion dollars. The round drew participation from technology investors and longevity-focused backers. The company develops health screening technology and was co-founded by a Spotify executive.
The $700 million investment marks one of the larger recent rounds in the health technology sector. Proceeds will support expansion of screening services and product development. No specific timeline for deployment of the funds was disclosed in the announcement.
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