US-based telehealth software developer Sitka received $14m of series A funding on Tuesday from investors including Optum Ventures, the corporate venture capital subsidiary of healthcare and pharmacy services provider Optum.
Venture capital firm Venrock led the round, which also featured Lifeforce Capital, First Round Capital and Homebrew. They were identified as existing backers, as was Optum Ventures.
Sitka has developed an online platform that connects primary healthcare providers to a network of specialists that offer virtual consultations.
Proceeds from the round will be used for product development and establishing new partnerships as well as recruitment for the company’s business development, product and engineering teams. It raised $3.1m in 2018 and $1.4m in January 2020 according to regulatory filings, and has also named Rock Health and Box Group as investors.
Kelsey Mellard, Sitka’s chief executive, said: “We started Sitka to separate the economic incentives speciality providers have to deliver fee-for-service care and bring speciality care into a value-based care system that works better for primary care providers, specialists and most importantly for patients.”