US-based homecare services provider Heal has raised $20m in funding from investors including Fidelity Contrafund, a mutual fund managed by financial services conglomerate Fidelity Management and Research.
Bascom Ventures, Inflection Capital, IRA Capital, RLJ Equity Partners, Trans-Pacific Technology Fund and private investors Lionel Richie, Jim Breyer and Paul Jacobs also participated in the round.
Founded in 2014, Heal operates a service that provides house calls from qualified doctors. It has processed more than 60,000 appointments to date, and on top of partnering large insurance companies it directly links with employers to provide its services as a health benefit.
Heal will use the funding to expand into additional markets, explore new business models and further develop its technology. It has raised more than $69m to date according to VentureBeat, including $14.8m in series B capital from Fidelity in late 2016.
Tull Investment Group had led the company’s $26.9m series A round two months before, investing together with Breyer Capital, Hashtag One, Slow Ventures and angel investors Paul Jacobs and David Ellison.
Slow Ventures, March Capital, Pritzker Capital and assorted angel investors had previously supplied $5m in seed funding for Heal in 2015.