SteadyMD Telehealth, a St. Louis, MO and Westlake Villiage, CA-based digital tech startup, raised $6M in Series A funding.
The round was co-led by Pelion Venture Partners and Next Ventures with participation from First Trust Capital Partners, The Daube Family office, Crosscut Ventures, M25, Wild Ventures, and Hyde Park Venture Partners. In conjunction with the funding, Darren Phelan, M.D. of Next Ventures, is joining the SteadyMD Board of Directors.
The company intends to use the funds to expand technology and services.
Founded in 2016 by Guy Friedman, SteadyMD CEO, and Yarone Goren, SteadyMD COO, SteadyMD Telehealth provides a technology platform and online services for continuous care with a doctor through video, text and phone. Board-certified doctors at SteadyMD practice primary care, pediatrics and functional medicine—completely online—to its members and through partners and employers. In addition to the long term relationship with a doctor, every member has access to a team of medical assistants, who assist with prescriptions, lab orders, medical record management, downstream care, referrals to specialists if needed and cost guidance. The platform enables members and doctors to pair up, collaborate, and develop long-term personal relationships, completely online. This includes:
– An intelligent matching engine that evaluates each member and provider across hundreds of attributes to help spark a connection and pair them up,
– The member app, allowing for access and modern collaboration over text, phone, and video chat via the SteadyMD asynchronous platform, purpose-built to scale and support unexpected spikes in volume,
– The SteadyMD provider app, allowing for quality handling of hundreds of paired users,
– Management tools to operate and scale modern, technology-enabled service businesses, provide analytics and more.
The company currently offers personal telehealth services for Primary Care, Functional Medicine, Pediatrics and Employers in all 50 U.S. states.