This funding will also help Linus Health grow its employee count. Here are the top-line bullets you need to know.
Linus Health, a digital health platform, has raised $55M in a Series B funding round with participation from Morningside Technology Ventures and other undisclosed investors.
HOW’S THE COMPANY PERFORMING?
- Massachusetts-based Linus Health combines cognitive screening tests with remote patient monitoring capabilities to diagnose Alzheimer’s disease, track its progress, and treat it with lifestyle and medication changes.
- The company has 40 employees, including a clinical team of neuropsychologists, consultants, and neurologists.
Source: Linus Health
WHY DOES THE MARKET MATTER?
- The telemental health market is projected to grow at a CAGR of 24.65% and reach a value of $15.15B by 2026, according to Databridge market research.
- Investments in telehealth hit an all-time high of $4.2B in the first quarter, almost double from the previous quarter a year ago, according to CB insights.