US-based in-home care technology developer Vesta Healthcare secured $65m in funding on Tuesday from investors including insurance firm Nationwide and healthcare providers CareCentrix and Kaiser Permanente.
Investment firm Deerfield Management Company led the round, which included Epstein Partners, Generator Ventures, K2 HealthVentures, Lux Capital, Oak HC/FT and an unnamed additional investor. Kaiser Permanente participated through its corporate venturing arm, Kaiser Permanente Ventures.
Vesta was founded in 2018 as HT Health, and has built telehealth software that helps care providers remotely support senior and high-need homecare patients. It will use the cash to expand into new markets, create new services and improve its big data technology to better identify patient groups.
Deerfield Management Company co-led a $30m series A round for Vesta with Oak HC/FT in January 2020, investing together with CareCentrix, Kaiser Permanente Ventures and Nationwide Ventures, a corporate venturing subsidiary of Nationwide, as well as Epstein Partners, Generator Ventures and Lux Capital.
