K Health, the US-based developer of a digital medical assistant, has attracted $48m in funding from investors including health insurance provider Anthem and mass media group Comcast, Calcalist has reported.
The round was co-led by venture capital firm 14W and investment firm Mangrove Capital Partners and also featured BoxGroup, Max Ventures, Lerer Hippeau and Primary Venture Partners, while Comcast invested through its Comcast Ventures subsidiary.
Founded in 2016, K Health has built a machine learning-driven app with 3 million users that provides medical advice based on crowdsourced information and an anonymised database of 2.2 million patient files held by Israel-headquartered health maintenance organisation Maccabi Healthcare Services.
Users can also request a medical appointment directly through the app for a fee of approximately $14. The company plans to now expand into South America and the Asia Pacific region while leveraging Anthem’s epertise to build up a presence in the US health insurance space.
K Health also plans to expand the app to include feedback on chronic illnesses, high blood pressure, diabetes, oncology, cardiology and paediatric medicine. The round brought its overall funding to approximately $97m, according to Calcalist.
The latest round came after the company secured $25m in a December 2018 series B round led by 14W and backed by Comcast Ventures, Mangrove Capital Partners, Lerer Hippeau, Primary Venture Partners, Max Ventures, Bessemer Venture Partners and BoxGroup.
All the series B investors apart from 14W had participated in a $12.5m series A round for K Health five months earlier. Its platform had originally been developed within Maccabi Healthcare.