These investments scale innovations in elderly
support management, secure healthcare data analysis, and advanced
diagnostic technologies, leading to a more accessible, efficient
and patient-centric care ecosystem
VANCOUVER, BC, Oct. 31,
2024 /CNW/ - TELUS Global Ventures is participating
in two new funding rounds with equity investments in Homethrive and
Rhino Health. Illinois-based
Homethrive addresses the growing need for elderly support by
combining human expertise with digital solutions, making caregiving
more manageable for families. Headquartered in Boston, Rhino Health transforms healthcare AI,
bridging medical data sources and the researchers that need to
analyze health data to speed up advancements in healthcare. These
new investments bring the number of companies supported by the
TELUS Global Ventures to more than 150.
"As a global leader in digital innovation and healthcare
solutions, TELUS' readiness and capability to swiftly deploy
capital to help scale health tech innovations will contribute to
promoting adoption of transformative care solutions," said
Terry Doyle, Managing Partner, TELUS
Global Ventures. "Investing in Homethrive and Rhino Health allows
TELUS Global Ventures to play an active role in addressing the
caregiving crisis, improving data-driven healthcare decisions and
accelerating proactive care approaches. TELUS Health already
possesses technologies and services that enhance lives through
preventive health solutions, and we are eager to collaborate with
both companies to foster a more accessible, efficient, and
patient-centered healthcare ecosystem by leveraging the commercial
connectivity of our investments."
Homethrive: helping caregivers with resources they
need
Homethrive leverages technology to support family caregivers and
their loved ones, addressing the growing challenges of elder care
in an aging population. TELUS Global Ventures' investment will help
the company scale its platform which offers a range of services,
including care coordination, healthcare navigation and emotional
support for both caregivers and care recipients. The caregiving
crisis affects millions of families, with many struggling to
balance work, personal life and caregiving responsibilities, and
professional care management services are often expensive and out
of reach for many families. Homethrive's goal is not only to reduce
caregiver stress and improve care quality, but also to make expert
support more accessible and affordable, including by partnering
with employers to provide this as an employee benefit.
"The support of TELUS Global Ventures is an exciting opportunity
for us to expand our reach and deepen the impact we have on
caregivers and their loved ones. Their expertise in healthcare will
help us to provide even more comprehensive, meaningful support to
those who rely on us during some of life's most challenging
moments," said David Greenberg,
Co-CEO of Homethrive.
Rhino Health: Streamlining end-to-end healthcare research and
AI development
The world produces vast amounts of healthcare data annually, but
much of it remains siloed and underutilized due to privacy concerns
and regulatory restrictions. TELUS Global Ventures will enable
Rhino Health' to continue designing next-generation solutions
by leveraging federated learning and edge computing – technologies
that both enable secure, decentralized data processing
and AI model training. Rhino Health has enabled its partners to
build networks of health systems, life sciences companies, and
public sector organizations allowing for data collaborations across
multiple continents, without compromising patient privacy or IP
confidentiality.
"We are grateful to the TELUS Global Ventures team for their
support and partnership as we continue to build products across the
data collaboration value chain for healthcare and beyond," said
Rhino co-founder & CEO, Dr. Ittai
Dayan. "With this new investment, we will continue to act as
a bridge between medical data sources and researchers by
facilitating rapid setup of computational pipelines across various
data sources which accelerates use cases in healthcare, life
sciences, and other regulated industries with constraints on
processing sensitive data."
About TELUS Global Ventures
At TELUS Global Ventures we leverage deep insights from our
global businesses to provide our investment partners with
opportunities for tangible growth and traction. To date, TELUS
Global Ventures has funded more than 150 companies that are poised
for significant growth and market transformation, spanning across
10 countries and five continents.
Media Contact
François Marchand
TELUS Media Relations
francois.marchand@telus.com
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SOURCE TELUS Global Ventures
