98point6, a Seattle, WA-based on-demand digital primary care service that delivers personalized consultation, diagnosis and treatment to patients across the country, raised $118m in Series E funding.
The round was led by the Growth Fund of L Catterton, and Activant Capital with additional funding coming from new and returning investors, including Goldman Sachs Merchant Banking Division.
The company intends to use the funds to further invest in research and development and expand its medical practice.
Led by Robbie Cape, chief executive officer and co-founder, 98point6 pairs AI and machine learning with board-certified physicians to make primary care accessible and offer private, text-based diagnosis and treatment via a mobile app. For employers, health plans and retail partners, 98point6 increases primary care utilization among those not actively or appropriately engaged in their health—enabling earlier medical intervention and reducing overall cost of care.
The text-based primary care platform now has more than 240 commercial partnerships—accounting for three million members—with prominent brands including Banner|Aetna, Boeing, Circle K, Red Bull North America, Sam’s Club, and Teamsters Western Region and New Jersey Health Care Fund.
FinSMEs
15/10/2020