Denver based home care provider DispatchHealth raised $330 million in seed funding led by Optum Ventures, bringing the company’s total raised to over $700 million.
New investors Blue Shield of California, Olayan Group, Adams Street Partners, Pegasus Tech Ventures and Silicon Valley Bank joined in the financing. Existing investors supported the round, including Humana, Questa Capital, Oak HC/FT and Echo Health Ventures.
Silicon Valley Bank and K2 HealthVentures led the debt raise.
The funds will be used to continue building the company’s proprietary platform, called the Last Mile Healthcare Technology Platform, which aims to help deliver care through logistics, clinical support and coordination with other parties in its ecosystem .
The latest funding round was first reported by Home Health News.
The latest increase comes after the home care provider announced it scored $200 million in Series D funding in early 2021which brought the company’s total value to $1.7 billion.
Silicon Valley Bank and Hercules Capital, Inc. provided a $300 million credit facility to Oak Street Health, a chain of value-based primary care centers for seniors.
The financing will provide Oak Street Health with strategic and operational capital over the next several years.
“Hercules Capital is pleased to once again partner with Oak Street Health as they continue to grow their national footprint and provide high-quality primary care to seniors across the country,” said Michael Dutra, director, in a statement. manager at Hercules Capital. “We are impressed with Oak Street Health’s commitment to patients and are happy to support their continued growth with this new credit facility.”
New York-based mental health technology company Resilience Lab announced it has raised $15 million in Series A funding.
The round was co-led by Morningside and Viewside Capital partner. The company allows mental health care clinicians to collaborate and provides a convenient care delivery platform for doctors and patients.
“Digital innovation has made therapy more accessible, but it’s not a long-term solution. We need more therapists and better, quality therapy if we’re going to make a dent in the mental health care crisis in the U.S. ” Marc Goldberg, co-founder and CEO of Resilience Lab, said in a statement. “Today’s investment is a major milestone for our team, proving that our vision for fundamental and comprehensive reform in the therapist development journey is as important as digital access and cutting-edge automation.”
Valuablea remote monitoring data management firm, raised $12 million in its latest funding round.
The round was led by Kaiser Permanente Ventures with participation from existing and new investors including Green Park & Golf Ventures, Ziegler, Arkin Digital Health, Greycroft Partners, SJF Ventures and Gore Range Capital.
The company partners with health care plans, providers and health IT companies and offers a platform that uses personal data to inform health care decisions.
“Validic has been and continues to be an important part of Kaiser Permanente’s efforts to improve the quality of care for our 12.6 million members in a way that is more convenient, accessible and affordable,” said Chris Stenzel, director executive for KP Ventures. in a statement. “We are proud to lead this latest round of funding, which will help us continue to deliver world-class health promotion, disease prevention, cutting-edge care and chronic disease management technologies and tools.”
Assure Health , a provider of virtual care and remote patient monitoring for chronically ill patients, raised $8.7 million in a seed funding round that included only strategic investors.
The company partners with healthcare organizations to provide remote patient monitoring, remote therapeutic monitoring and chronic disease management programs. The funds will be used to expand access to its platform, and the company said it will also have 100 full-time employees by the end of the year.
“We know that the extra support our programs provide keeps people healthy and improves their independence and quality of life at home,” Jeff Nadel, co-founder and CEO of Assure Health, said in a statement. “We are excited to secure this seed funding from partners who share this commitment and are well-positioned to help us thrive in our next phase of growth, and we look forward to expanding access to our everyday care vision.” for patients across the country.”
