Wheel Raises $150M in Series C Funding


Wheel, an Austin, Texas-based health tech company, raised $150m in Series C funding.

The round, which brought total funding to $216m to date, including a $50m Series B round in May 2021, was co-led by Lightspeed Venture Partners and Tiger Global with participation from new investors Coatue and Salesforce Ventures and existing investors CRV, Tusk Venture Partners, and Silverton Partners.

The company will use the funding to further invest in its platform and broaden its white-labeled diagnostic services, enabling companies to integrate direct-to-consumer lab testing and diagnostic follow-up care. Wheel also plans to double its employee headcount, continue growing its clinician network, invest in its clinical platform, and expand its clinical onboarding and continuing education programs.

Led by CEO and Co-founder Michelle Davey, Wheel is a health tech company that provides companies and clinicians with everything they need to deliver care virtually. Today, the company powers virtual-first care for the most forward-thinking organizations in healthcare today — including digital health companies, clinical lab networks, retailers, and tech companies. When companies build on the platform, the underlying infrastructure and technology:

  • Triages the patient’s care need and determines the best care setting
  • Matches the patient with the best clinician for their care needs across more than a dozen attributes
  • Facilitates any necessary follow-up care