Circle Medical, a San Francisco, CA-based full stack primary healthcare practice, raised $3.5M in funding.
The round was led by A.Capital, with participation from existing investors Y Combinator and Collaborative Fund alongside new investor WELL Health Technologies.
The company intends to use the funds to scale its offering with employers.
Founded in 2015, Circle Medical is an asset-light medical practice that uses technology to deliver an improved patient experience and outcomes at a lower cost. Its patient-facing iOS and Android apps automate traditionally human-intensive processes such as scheduling, billing and managing medical records.
Physician tools use automation and artificial intelligence to ease physician workloads and provide decision support for diagnosing conditions based on medical data collected from 20,000 patients to date. The company is on a $2.6M annualized revenue run rate, up 3x year over year, and is on track to be profitable next quarter.
Circle Medical currently powers pop-up clinics at 22 sites in the San Francisco Bay area.
The pop-up clinics at companies such as Flexport, Segment, Gymboree and General Electric bring family medicine doctors to sites with 300 to 5,000 employees.
The company also operates a flagship brick and mortar clinic across from the Salesforce Transit Center in San Francisco, where engineering and product teams are able to collaborate with physicians.
FinSMEs
05/11/2018