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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Illustration: Eniola Odetunde/Axios

U.K.-based health tech company Bioniq will announce on Wednesday a $7.8 million Series A investment led by venture capital firm OKS Group for a U.S. and Middle East expansion.

The big picture: Bioniq, a supplement subscriptions and at-home testing services company, is among the many health-tech companies that have seen a boom in demand during the pandemic.

  • Bioniq has partnered with Lenco Diagnostic Laboratories in more than 20 locations across the East Coast, along with doctors and a fitness club chain.

The state of play: Public anxiety surrounding COVID-19 has pushed health and wellness concerns to the forefront, with some studies pointing to the benefits of dietary supplements as a possible immune system defense.

  • This convergence of skyrocketing Vitamin C and Vitamin D sales and closed doctors' offices have caused health startups to swoop in with personalized supplements, health quizzes and digital consultations.

Between the lines: As coronavirus cases increase in the U.S. and some parts of the globe, there are limited options for therapeutics with mass availability, and digital health care companies will continue to cash in on people trying to get ahold of these products.

Go deeper

Dan Primack, author of Pro Rata
Jan 21, 2021 - Economy & Business

COVID-19 vaccine: Private companies step in to fill logistics vacuum

Illustration: Annelise Capossela/Axios

Last year we wrote several times about how VC-backed companies were helping to fight the COVID-19 pandemic, including vaccine development and innovative testing solutions. Now the same thing is happening when it comes to vaccinations, a process beset by logistics and planning problems since the jump.

Driving the news: Carbon Health, a tech-enabled healthcare startup that recently raised $100 million in Series C funding, is now the primary back-end for vaccinations in the City of Los Angeles, including a massive drive-up program that just launched in the parking lot of Dodger Stadium.

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

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