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Health tech veteran Glen Tullman keeps spawning unicorns. đŸ¦„ Transcarent, a consumer-directed health care navigation company launched and led by Tullman, raised $200 million in a Series C round.

Why it matters: The funding brings Transcarent’s total capital raised to $298 million in just over one year, placing its valuation at $1.62 billion, Forbes reports.

  • Transcarent has now surpassed pre-IPO funding levels of his first endeavor, Livongo — whose $18.5 billion union with Teladoc last year marked the largest digital health merger in history.
  • Kinnevik and Human Capital led the round, joined by Ally Bridge Group, General Catalyst, 7wireVentures and existing investors.

That tops the $237 million raised by Livongo ahead of its 2019 public debut before it collected another $355 million in its $2.55 billion IPO.

Our thought bubble: That's a lot of $$ for Tullman. Again.

  • Tullman since 2013 has single-handedly raked in some $890 million via the two ventures. This time around, the speed of fundraising is considerably faster.
  • The former longtime CEO of Allscripts and founder of 7wireVentures already made a lot of money for Kinnevik and General Catalyst — investors in Livongo.
  • Hence, with more dry powder available and Tullman's reputation and track record growing bigger, it's no surprise past (and new) investors ran quickly to work with him again.

The bottom line: Keep this unicorn on your 2022 watchlist.

Sarah and Erin will co-author the upcoming Axios Pro newsletter on health tech deals. Subscribe at AxiosPro.com.

Go deeper

Jan 13, 2022 - Politics & Policy

First look: NRCC raised $140 million in 2021

House Majority Leader Kevin McCarthy. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

The House Republicans' campaign arm raised $140 million in 2021, and $17.9 million in December alone, setting a new record for the committee's off-year fundraising, Axios has learned.

Why it matters: The hefty cash infusion into the National Republican Campaign Committee comes as House Republican leaders are ramping up their efforts to take back the chamber's majority in November. The party plans to focus its messaging on inflation, immigration, crime and pandemic closures.

45 million Americans under winter storm watches near New England

Computer model projection showing the winds moving around the powerful East Coast storm on Saturday Jan. 29, 2022. Image: https://earth.nullschool.net

Nearly 45 million Americans are under winter weather alerts and warnings from North Carolina to northeastern Maine Thursday night, as a major winter storm threatens the region.

Why it matters: It is predicted to be the biggest blizzard since 2018 to strike the Northeast with more than 2 feet of snow possible in parts of eastern Massachusetts, according to the National Weather Service.

Judge nixes Gulf of Mexico oil leases in climate-focused ruling

Tug boats prepare to tow the semi-submersible drilling platform Noble Danny Adkins through the Port Aransas Channel into the Gulf of Mexico on December 12, 2020 in Port Aransas, Texas. Photo: Tom Pennington/Getty Images

A federal judge on Thursday canceled the Biden administration's late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico.

Why it matters: The ruling that the greenhouse gas emissions analysis by the Interior's Bureau of Ocean Energy Management (BOEM) was insufficient is a win for green groups that challenged the decision, as they seek to curb fossil fuel production.