Your Source for Venture Capital and Private Equity Financings

Massinvestor/VC News Daily

98point6 Lands $118M Series E Round

2020-10-15
SEATTLE, WA, 98point6 has landed a $118 million Series E fundraising round to further support its growth and success.
98point6, an on-demand digital primary care service that delivers personalized consultation, diagnosis and treatment to patients across the country, today announced a $118 million Series E fundraising round to further support its growth and success. The text-based primary care platform now has more than 240 commercial partnerships-accounting for three million members-with prominent brands including Banner|Aetna, Boeing, Circle K, Red Bull North America, Sam's Club, and Teamsters Western Region and New Jersey Health Care Fund.

The round was led by the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm, and Activant Capital, the global growth equity investment firm highly focused on technologies disrupting legacy industries. Additional funding came from new and returning investors, including Goldman Sachs Merchant Banking Division. This latest round allows 98point6 to further invest in research and development and expand its robust medical practice as employers, health plans and retail partners increasingly view exceptional remote care as an essential component of their offerings.

Founded in 2015, 98point6 is pioneering a new approach to primary care. By pairing AI and machine learning with board-certified physicians, our vision is to make primary care more accessible and affordable, leading to better health. We meet consumers where they are by offering private, text-based diagnosis and treatment via a mobile app. For employers, health plans and retail partners, 98point6 increases primary care utilization among those not actively or appropriately engaged in their health-enabling earlier medical intervention and reducing overall cost of care. For more information about 98point6, visit www.98point6.com
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors