Wheel Raises $50M in Series B Funding


Wheel, an Austin, Texas-based health tech company, raised $50m in Series B funding.

The round was led by Lightspeed Ventures with participation from CRV, Silverton Partners, Tusk Venture Partners, J.P. Morgan, and Future Shape.

The company, which has raised $66m in total to date, intends to use the capital to invest in its technology and clinician networks

Led by CEO and cofounder Michelle Davey, Wheel provides a white label platform for companies and clinicians to build virtual care services under their brand. The technology connects patients with clinicians across more than a dozen attributes, ensuring patients are matched with the best clinician for their care needs. The company serves companies across a wide variety of industries, including publicly-traded digital health companies, tech companies, retailers, labs, and medical device companies.