See the presentations that hot healthcare startups used to raise millions from top VCs
- Startups have raised billions on the promise of disrupting healthcare.
- To win over investors, startups often present their businesses through a slide deck.
- Here are the presentations obtained by Insider that healthcare startups have used to raise millions.
In the past few years, investors have bet billions on healthcare startups looking to disrupt the industry.
In 2022, that activity cooled off as the market stumbled and companies postponed their public debuts. The slowdown has persisted into 2023, with funding set to fall to the lowest level since 2019, according to Rock Health.
Winning over investors can be a long process, and it often involves a slide deck that lays out what the startup does, and where the company is heading.
Insider rounded up all the presentations we've published that healthcare startups have used to raise cash from investors.
Early on, startups sell investors on often newly tested ideas
When startup founders pitch investors ahead of a seed or Series A round, they haven't gotten far off the ground.
Presentations can be helpful at laying out the how they plan to take on a particular business.
For instance, a dad used this presentation to raise millions to give kids with ADHD and autism the same kind of therapy that helped his son.
Others can use the presentations to share their new approaches. Here's the presentation the former Louisiana health chief used to raise $15 million for her approach to providing care for families at home.
They can also show how a startup might stand out in a competitive field. Here's the 12-slide presentation Angle Health, a health-insurance startup, used to land $58 million after its public competitors tumbled.
In 2023, some startups have raised fresh early-stage funds to back different approaches they're trying. For instance, Inato used this 16-slide presentation to raise $20 million after ditching its old product to solve a $50 billion problem for Big Pharma.
You can see more presentations below.
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See the 17-slide presentation an AI startup used to raise $15 million to improve post-hospital care
See the pitch deck a neurosurgeon used to raise $45 million for a new approach to back pain
Here's the 17-slide presentation Circles used to raise $16.5 million for group counseling
By Series B, startups are looking for a chance to grow big
By their Series B rounds, startups are raising higher sums at higher valuations. They're often still early into their existence and are looking for ways to get big.
Health-data startup Carta Healthcare raised $25 million as it navigates a path to profitability.
And Devoted Health raised $300 million at a $1.8 billion valuation in 2018 before it had signed on any customers.
Women's healthcare startup Tia used this 30-slide presentation in 2021 to raise $100 million one year after losing all its revenue 'overnight' because of COVID-19. Tia planned to use the funding to expand its in-person clinics in new locations.
And even amid the 2022 market downturn, Folx Health raised raise $30 million to provide more telehealth options for LGBTQ+ patients with this 17-slide presentation.
Tomorrow Health, a home-care startup, used this 12-slide presentation to raise $60 million in Series B funding. It's backed by investors including Andreessen Horowitz.
Meanwhile tech startup Stellar Health raised $60 million from General Atlantic with this presentation with its approach of rewarding doctors for providing better care.
Read more:
Late-stage rounds can give startups the fuel to scale or gear up for a public debut
The presentations used to secure later rounds of funding can be used to show investors how far the startup's come, and what's ahead.
Often, the investors start to look different as well, and startups can find themselves pitching asset managers or industry incumbents, like health insurers.
For instance, Tiger Global and Blackstone backed decentralized trials startup Medable in its Series D.
Tiger Global — alongside health insurer Humana — also backed the at-home healthcare startup Dispatch Health in its Series D.
The later-stage rounds can signal that a company is on the verge of making a major change. In 2023, 98point6 sold its virtual-care service and raised $30.7 million for its pivot to selling software using this pitch deck.
Meanwhile, Omada Health used this presentation to raise $192 million as it gears up for an IPO. Digital health startup Tebra similarly used this 23-slide presentation to raise $72 million as it prepares to go public.
Insurer Centene has backed some later-stage rounds, including Hazel Health's Series C and Vida Health's $110 million round. The upstart shared the presentation that helped it raise the funds toward a new vision for the hardest kind of healthcare.
The presentations at this stage can help land startups like Aledade high valuations. Aledade raised $100 million in a round that valued the company at $2.1 billion.
Sometimes, if the founder is well-known, companies might even get unsolicited funding. This happened to Glen Tullman's new startup Transcarent, which raised a $200 million Series C round that valued the company at $1.62 billion.
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See the 13-slide presentation that convinced Oak HC/FT and NEA to bet on a hot primary-care startup