US-based patient communication application provider Well Health raised $45m in series C funding on Tuesday from investors including Summation Health Ventures, a partnership between care providers Cedars-Sinai Health System and MemorialCare Health System.
Growth equity fund Lead Edge Capital led the round, which also featured venture capital firms Martin Ventures, Jackson Square Ventures, Health Velocity Capital, Structure Capital and Freestyle Capital.
Well Health has built a digital platform that enables patients and healthcare providers to securely communicate with each other across text messages, email, phone calls and live chat throughout the healthcare process.
Guillaume de Zwirek, founder and chief executive of Well Health, said: “Although the pandemic fueled the adoption of digital health by many healthcare providers, patients today expect real-time, personalised communication, an expectation that will never fade.
“This year alone, Well technology will enable 200,000-plus healthcare providers to send more than 1 billion messages with 30-plus million patients.”
The company said the round increased its funding to $75m since it was founded in 2015 but has not disclosed any details of its earlier funding. It did name Summation Health Ventures, Jackson Square Ventures, Health Velocity Capital, Structure Capital and Freestyle Capital as existing backers.
TenOneTen Ventures is another of Well Health’s earlier investors, and the company is also a graduate of Cedars-Sinai Accelerator.
