Business

The company plans to use the new funds for global expansion and product development. 

The startup aims to be operating in more than seven countries by the end of 2021. 

The investment will enable the company to expand its international footprint.

The company is currently trading under OWLT on the New York Stock Exchange. 

Reenita Das, partner and SVP for healthcare and life sciences at Frost and Sullivan, said that femtech companies only accounted for 1.8% of total digital health investments in 2020. 

In an upcoming HIMSS21 Global Conference Digital Session, Johnson & Johnson EVP and Enterprise CIO Jim Swanson will discuss the pandemic’s role in healthcare digitization and what leaders can expect moving forward.  

Digital diet and wellness company Noom led last quarter's funding with $540 million in Series F investments. 

Also: Entos works to improve drug development after closing its Series A round and Castor plans to build out its decentralized clinical trial platform with a $45 million investment.   

Once combined, the company will operate as HeartFlow Group and trade on the NYSE under symbol HFLO.  

The proceeds will be used to fund the clinical development of MyopiaX, the company's lead product in childhood myopia.