5 Payer/Employer Firm Funding Bulletins in June

5 Payer/Employer Firm Funding Bulletins in June

This roundup highlights among the month's most notable funding rounds. It’s not meant to be exhaustive.

June noticed a number of main fundraising bulletins within the payer/employer house. Right here’s a listing of among the largest funding rounds:

Sidecar Well being Raises $165 Million in Sequence D Funding

Sidecar Well being, primarily based in El Segundo, California, is an employer-based medical insurance firm. The corporate has no prior authorization course of or community restrictions. Members additionally pay on the time of care with their Visa profit card.

The $165 million Sequence D funding spherical was led by Koch Disruptive Applied sciences and included participation from GreatPoint Ventures, BOND, Cathay Innovation, Drive Capital, Duke College, Menlo Ventures and Morpheus. The funding will assist the corporate increase into Florida. It at the moment affords plans in Ohio and Georgia.

Talkiatry Raises $130 Million in Sequence C Funding

Talkiatry, primarily based in New York Metropolis, supplies on-line psychiatric and therapeutic companies for kids and adults. It really works with greater than 60 well being plans, together with UnitedHealthcare, Aetna, Blue Cross Blue Protect and Cigna.

The $130 million Sequence C funding spherical was led by Andreessen Horowitz (a16z) and included participation from Perceptive Advisors. The funding will assist the corporate speed up its transition to value-based care, develop the variety of suppliers it really works with, and deepen its partnerships with well being programs.

Sword Well being secures $130 million

Sword Well being, primarily based in New York Metropolis, is a digital musculoskeletal care supplier serving each payers and employers. By way of Sword Well being’s AI care platform, sufferers have entry to a medical specialist, customized packages, academic content material and know-how that helps them by means of train.

The $130 million funding spherical was from new and present traders, although Sword Well being didn’t identify the traders within the spherical. The funding is “a mixture of major and secondary gross sales to offer liquidity to present and former workers and early traders,” in line with the announcement.

Pomelo Care Raises $46 Million in Sequence B Funding

Pomelo Care, primarily based in New York Metropolis, is a digital maternal well being firm that works with industrial and Medicaid well being plans. It creates a care plan for sufferers after which connects them with a care staff that features obstetric and pediatric suppliers, nurses, dietitians and therapists. Sufferers can meet with their care staff at any time by way of textual content, telephone or video.

The $46 million Sequence B funding spherical was led by present traders First Spherical Capital and a16z, and included participation from Stripes, Field Group, Operator Companions, and SV Angel. The funding will assist the corporate develop its staff.

Humata Well being Raises $25 Million

Humata Well being, primarily based in Winter Park, Florida, is utilizing AI to streamline the prior authorization course of between payers and suppliers. For suppliers, the corporate helps submit prior authorization requests and prevents denials. For payers, it quickens the decision-making course of and reduces administrative burden.

The $25 million funding was led by Blue Enterprise Fund and LRVHealth with participation from Optum Ventures, .406 Ventures, Highmark Ventures and VentureforGood. The funding will assist Humata Well being “increase the attain of its proprietary generative AI applied sciences, increase its buyer base to incorporate the nation’s main healthcare suppliers, and start partnering with payers and delegated entities to ship further options that assist them streamline prior authorizations,” in line with the announcement.

Photograph: Abscent84, Getty Photos

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