RubiconMD, the US-based operator of an online healthcare consultancy service, has secured $13.8m in a series B round co-led by Optum Ventures, the corporate venturing arm of health services provider Optum, AlleyWatch has reported.
Venture capital firm HLM Venture Partners co-led the round, which included two other healthcare services providers, Centene Corporation and Heritage Medical Systems, as well as Alma Mundi Ventures, Waterline Ventures, Dioko Health Ventures and Blue Ivy Ventures.
Founded in 2013, RubiconMD has built an online platform that enables customers of care provider partners to access qualified specialists in 150 areas including cardiology, dermatology, oncology, endocrinology and psychiatry that provide opinions using anonymised patient data.
Gil Addo, RubiconMD’s founder and chief executive, said: “We plan to leverage this investment to expand to new key markets and continue our growing presence in the 35 states we currently service.
“We are also working to apply new technologies to extract specialist insights from our existing product infrastructure. This work will build on five years of anonymised information from hundreds of thousands of eConsults across 150 specialties.”
RubiconMD had raised $4m in a June 2016 series A round led by Waterline Ventures and backed by Dioko Health Ventures, Alma Mundi and angel investor Bob Lufrano, before California Health Care Foundation Innovation Fund added $750,000 three months later.
The series A round followed $1.3m in seed funding in 2014 from healthcare management software provider Athenahealth, Waterline Ventures, Oxeon Investments and various angel investors.