The Merchant Banking Division of Goldman Sachs was an anchor investor in the round, which was further supported by existing investors.
This brought the total amount raised to $86.1m since inception in 2015.
The company intends to use the funds to scale and fulfill commercial demand of its text-based primary care service, grow its product and physician teams, expand the capabilities of the platform, continue to build its channels, allow for expansion into new markets, including health plans, health systems and higher education.
Founded in 2015 by Robbie Cape, CEO, 98point6 pairs technology with board-certified physicians to make primary care accessible and affordable offering private, text-based diagnosis and treatment via a mobile app.
For employers, the company increases primary care utilization among those not actively or appropriately engaged in their health. To date, 98point6 has contracted with 27 companies nationwide across a range of industries (including retail, technology, financial services, healthcare and manufacturing) and is on track to have 100,000 members under contract through employers by the end of the year. Companies that have launched the 98point6 service to their members include Seattle Children’s Hospital, Aegis Living and Zones, Inc.
In addition to the employer-sponsored plan, the service is currently available to adults 18+ via a direct-to-consumer option (whether or not they have insurance) in 40 states and Washington, D.C. (reaching 92 percent of the U.S. adult population). It is slated to be available in all 50 states by early 2019.
98point6 can be accessed by the Apple App Store, Google Play and at www.98point6.com.
FinSMEs
31/10/2018