TimelyMD Receives $60M Investment from JMI Equity


TimelyMD, a Fort Worth, Texas-based full-service telehealth provider solely focused on colleges and universities, received a $60m investment from JMI Equity.

The company will use the funding to enhance students’ virtual care experience, improve health literacy at partner schools, improve student outcomes through technological innovation, and grow its team to meet market demand.

Led by CEO and co-founder Luke Hejl, TimelyMD is a full-service telehealth provider solely focused on colleges and universities. With licensed providers available 24/7 in all 50 states, the company provides a solution to higher education that includes on-demand medical, immediate and scheduled mental health counseling, psychiatry and health coaching services, all designed specifically for students and offered at no cost to them, without traditional health insurance involved.

It works as an extension of student health and counseling centers on 80 college campuses—including Duke University, Emory University, Georgetown University, Johns Hopkins University, Los Rios Community College District, University of Notre Dame and Paul Quinn College.