The Daily Startup: Maven Clinic Launches Women’s Telemedicine Apps

dailystartup_D_20090806101628.jpgArt by Mike Lucas

As health-care companies come under increased pressure to offer effective care at a lower cost, there are more and more services to connect patients and practitioners outside of the office. Maven Clinic is launching this week with $2 million in funding for its telemedicine services, Timothy Hay reports for Dow Jones VentureWire. But unlike other companies that offer medical consultations over video, the startup’s services focus on telemedicine for women’s health, including issues related to fertility, pregnancy and postpartum care. The company has one application aimed at obstetricians and other women’s health-care providers, and another app for consumers. The funding was provided by Great Oaks Venture Capital, Box Group, Female Founders Fund and angel investors, Chief Executive Katherine Ryder said.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Nabriva Therapeutics has amassed $120 million in funding commitments to drive a novel bacterial-pneumonia therapy toward regulatory approval. An $50 million tranche will enable Nabriva to launch its Phase III trials. The company can call down the remaining $70 million as needed to complete the studies and file for U.S. and European approval. Vivo led this Series B round along with new investor OrbiMed Advisors.

Niara, a stealth security analytics company, said it has raised $20 million in Series B financing led by Venrock. New Enterprise Associates and Index Ventures also participated in the financing, which follows a $9.4 million Series A round that the company raised in November 2013. That round was led by NEA and Index and included the participation of several individual investors.

EBR Systems, a medical-technology company in clinical trials with a wireless implantable simulator for the heart, has raised a $20 million Series E round as it develops a next-generation version of its product. The funding was led by new investor Emergent Medical Partners, joined by returning investors Split Rock Partners, SV Life Sciences, Delphi Ventures and St. Paul Venture Capital.

ApplePie Capital has raised $6 million in Series A funds for its alternative source of loans for a particular type of small business, franchisees. Signia Venture Partners led the Series A round, and was joined by Freestyle Capital, QED Investors and Ron Suber, president of consumer-lending marketplace Prosper Marketplace.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit, scroll to the bottom and click “try for free.”)


Domo Valued at $2 Billion in Latest Funding Round. The startup Domo has raised $200 million from investors at a valuation of $2 billion, The Wall Street Journal’s Lizette Chapman reports. The company’s service pulls information from across a company–including spreadsheets, databases and social media–to create reports on any device. The company said it is putting into place the processes and procedures so that it could go public within the year.

Prosper Marketplace Completes Funding Round that Values Company at $1.9 Billion. The online-lending company Prosper Marketplace has completed a funding round of about $165 million that values the startup at $1.9 billion, the WSJ’s Gillian Tan, Telis Demos and Ianthe Jeanne Dugan report. The online-lending sector has seen numerous venture fundings since LendingClub and OnDeck Capital went public last year.

Meerkat’s Founder on Battling Twitter’s Periscope. The live-streaming app Meerkat broke onto the scene in early March, but a few weeks after that Twitter‘s Periscope launched. Meerkat founder Ben Rubin talked with re/code’s Carmel DeAmicis about the service. Mr. Rubin said in the interview that there are key differences in the two services.

Facetime and Skype and Google Hangouts — they’re all in the same space. But there is enough [to differentiate them]. When you’re sitting in the bed Facetiming, it’s different than when you’re doing Skype.

Basically it’s the same thing with Periscope and Meerkat. It will take time, and it’s on us to prove that it’s different. We totally get it. But we’re confident and have enough of a track record.

Write to Mike Billings at Follow him on Twitter at @mbillings