A new wave of teletherapy startups, fixing electronic health records, and more - November 1, 2022

November 1, 2022 [Here’s what the first wave of teletherapy got wrong]( It’s been a banner year for teletherapy funding, and the newest crop of startups operate very differently than those founded a decade ago. We look at how the teletherapy sector changed its business model, its workforce and its technology. [Electronic health records are still a pain. Who can heal them?]( Patients and doctors’ offices alike are still getting tangled in a web of electronic health record (EHR) systems maintained by disparate groups that don’t work well together. Can today’s EHR tech startups help everyone get along? [Icertis raises $150M In debt financing in cooling market]( As investors pull back, startups are seeking out alternatives to venture capital. Contract management software Icertis locked up $150 million in an even split of a revolving credit facility and convertible financing. [Solugen powers up $200M as part of clean energy funding spree]( Chemical company Solugen recently raised $200 million with a $2 billion valuation, according to reports. The Texas startup makes chemicals out of sugar and corn syrup that can replace industrial processes that require fossil fuels. [SaaS class of 2021 is down but not out]( Most of the factors that conspired last year to make it a crazy bullish period for SaaS offerings have reversed. That goes a long way to explain why SaaS companies that debuted to multibillion-dollar market caps in 2021 are now almost universally trading well below their offer price. We take a look. [Biggest rounds: Ascend Elements cashes in; OpenWeb’s big deal]( Once upon a time not that long ago, fintech, cybersecurity and crypto would dominate this list. But the top three recent biggest rounds were raised by a battery recycler, a social platform and a loyalty rewards program. [The week in layoffs: Zillow, Cerebral and Argo AI join the list]( Tech layoffs have been prevalent throughout 2022 and it appears the trend will continue through the rest of the year. We updated our weekly tracker of which companies have cut staff. [Enhance Your Sales Team’s Prospecting]( [Crunchbase Enterprise is an all-in-one prospecting solution. Download this product overview sheet to learn how to close more deals without the headache.]( [Download Now]( Crunchbase Pro: Searches and Lists Name Type Entries [Acquisitions with a purchase price of $1B+ in the last year]( Acquisitions 432 [Transportation companies funded in the last 3 months]( Companies 105 [Investments led by GV]( Funding Rounds 233 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Icertis]( [$75M]( / [Convertible Note]( Icertis is an AI-powered contract management platform that ensures compliance and minimizes risk. Categories: Artificial Intelligence • Cloud Data Services • CRM • Information Technology • Procurement • SaaS Founders: [Monish Darda]( [Samir Bodas]( Investors: [Silicon Valley Bank]( (Lead) [Ostara]( [$70M]( / [Series C]( Ostara Nutrient Recovery Technologies develops technology to remove polluting nutrients from waste water and recycles into fertilizers. Categories: Agriculture • Recycling • Renewable Energy • Waste Management • Water Founders: [Edward Jones]( [F. Phillip Abrary]( Investors: [Carica Sustainable Investments]( (Lead), [Cibus Fund]( [Forage Capital Partners]( [+ 1 more]( [Marinus Pharmaceuticals]( [$32M]( / [Post-IPO Debt]( Marinus Pharmaceuticals reformulates, develops, and commercializes drugs to treat neurological, psychiatric, and pain disorders. Categories: Biopharma • Biotechnology • Health Diagnostics • Pharmaceutical • Therapeutics Founders: [Harry H. Penner]( Investors: [Sagard Healthcare Royalty Partners]( (Lead) More Fundings Company Amount / Round Lead Investor [MoneyFellows]( $31M / [Series B]( [Arzan Venture Capital]( [Floreo]( $10M / [Series A]( [Tenfore Holdings]( [Palatin Technologies]( $10M / [Post-IPO Equity]( - [Ciro]( $3.8M / [Seed Round]( [Y Combinator]( [crowd.dev]( 2.2M EUR / [Pre Seed Round]( [Lightbird]( [Sydor Technologies]( $1.1M / [Grant]( [US Department of Energy]( [All Recent Funding Activity]( Recent Acquisitions [Quantmetry]( Pending acquisition by [Capgemini]( for Unknown #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2022 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.