First Stop Health, a Chicago, IL-based telemedicine company, raised $1.6m in funding.
The round was led by CEO Patrick Spain and Chief Medical Officer Dr. Mark Friedman, with participation from a dozen other long-time individual and family office investors and a new group of investors.
The company, which has raised $7.2m in total capital to date, intends to use the funds to expand strategically into adjacent services in telehealth, and expand its sales and technology capacity.
Led by Spain, Friedman, President David Guttman and COO Maria Opdycke, First Stop Health is a telemedicine and advocacy provider available to employees through their employers. It offers 24/7/365 phone and online access to its U.S.-based national physician network that gives members advice, diagnosis, and treatment – including prescriptions. the company also helps manage and reduce major medical claims.