Equip, a San Diego, CA-based provider of virtual, evidence-based eating disorder treatment in the U.S., raised $58M in Series B funding.
The round, which brought the company’s total funding to $75M, was led by The Chernin Group (TCG), joined by Tiger Global and General Catalyst, as well as existing investors F-Prime Capital, Optum Ventures, and .406 Ventures. Katie Couric Media invested alongside American soccer champion Alex Morgan – with Couric joining as an advisor.
The company intends to use the funds to scale its treatment services, expand treatment to all 50 states, broaden insurance coverage – including Medicaid payers – and launch new care offerings in 2022.
Led by Kristina Saffran, CEO, and Dr. Erin Parks in 2019, Equip is a provider of virtual, evidence-based eating disorder treatment in the U.S. Built on the Family-Based Treatment (FBT) model, Equip uses a five-person dedicated care team – including a therapist, dietitian, physician, and peer & family mentor – to support patients in their recovery journey. The company operates in most states and is partnered with nearly every major health insurance plan.
Since launching in 2020, the company has expanded to 40+ states and is in-network with 10 major commercial health insurance plans, as well as Partnership HealthPlan, offering Medicaid coverage to underserved communities.
FinSMEs
16/02/2022