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Venture Capital News: K Health Announces $132M Series E Round

2021-01-19
NEW YORK, NY, K Health has closed $132 million in a Series E funding round.
K Health, the data-driven digital primary care solution, announced today a step toward creating a global, integrated health system built on medical intelligence and easy access to best-in-class doctors. Together with the launch of K for Parents, a first-of-its-kind virtual pediatrics offering, the company closed a $132M Series E round of funding.

The round was led by GGV Capital and Valor Equity Partners with participation from Kaiser Permanente pension fund and LTS Investments, the investment offices of Lemann, Telles and Sicupira, behind 3G Capital. Valor Equity Partners' Founder and CEO Antonio Gracias, who sits on the boards of SpaceX and Tesla, will join the board along with GGV Capital's Managing Partner Hans Tung, who is also an investor in Peloton, Wish, and Affirm. Vivek Pattipati, Partner at Valor, will join as an observer. Additional investors include 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners and BoxGroup.

K Health, headquartered in New York, is the digital primary care service on a mission to connect the world's health data to give people the fastest, smartest, most convenient solution to getting remote treatment whenever they need it. K Health allows users to understand how doctors diagnose and treat similar people (aka "People Like Me") with similar symptoms and conditions for free, chat with a doctor for less than a copay, and retain a history of their own medical records. K Health has created a data-driven platform that consolidates the knowledge of thousands of doctors and billions of clinical data insights to help people seek answers or treatment without hesitation. K Health covers almost all primary care conditions as well as anxiety and depression with customizable treatment plans.
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