Total amount raised
$99 Millions
Latest funding date
02/01/2021
Location
Eden Health has successfully raised funds through multiple rounds, with the latest being a Series C round closed on February 18, 2021. The company has garnered support from 20 investors, including notable names like Aspect Ventures and Nelson Chu.
Keep reading to explore the intricacies of Eden Health's fundraising journey and the investors backing this innovative platform.
What Is Eden Health?
Founded in 2016, Eden Health is a primary care and insurance navigation company headquartered in New York, New York. The company was established by Matt McCambridge and Scott L. Sansovich, Jr.
Operating within the healthcare industry, Eden Health focuses on employee benefits, personal health, primary and urgent care, and wellness. The company employs between 251 and 500 people, providing comprehensive healthcare services designed to elevate employee wellbeing.
How Much Funding Has Eden Health Raised?
- Seed Round
- Amount Raised: $4M
- Date: March 2018
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop its primary care and insurance navigation services.
- Series A
- Amount Raised: $10M
- Date: February 2019
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's service offerings and increase its market presence.
- Series B
- Amount Raised: $25M
- Date: August 2020
- Lead Investors: Flare Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development, particularly in response to the increased demand for telehealth services during the COVID-19 pandemic.
- Series C
- Amount Raised: $60M
- Date: February 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Eden Health's national footprint, enhance the integration of primary care, mental health care, and insurance navigation, and improve the overall quality of care and patient experience.
Total Amount Raised: $99M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global venture capital and private equity firm that invests in high-growth technology and software companies. They led Eden Health's $60 million Series C funding round.
- Investment Focus Areas: Software, Internet, Data Services
- Notable Investments: Twitter, Shopify, Wix
- Flare Capital Partners
- Details: Flare Capital Partners is a venture capital firm specializing in early-stage healthcare technology companies. They led Eden Health's $25 million Series B funding round.
- Investment Focus Areas: Healthcare technology, Services
- Notable Investments: HealthVerity, Iora Health, Bright Health
- Greycroft
- Details: Greycroft is a venture capital firm that invests in internet and mobile companies. They led Eden Health's $10 million Series A funding round.
- Investment Focus Areas: Internet, Mobile companies
- Notable Investments: Venmo, Huffington Post, Braintree
- Aspect Ventures
- Details: Aspect Ventures is a venture capital firm that invests in early-stage technology companies. They participated in Eden Health's Series C funding round.
- Investment Focus Areas: Early-stage technology, Healthcare, Enterprise sectors
- Notable Investments: The RealReal, Forethought
- Max Ventures
- Details: Max Ventures is a venture capital firm that invests in early-stage technology companies. They participated in Eden Health's Series C funding round.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Boxed, Letgo
What's Next for Eden Health?
As Eden Health looks to the future, the company is poised to capitalize on several significant opportunities. With plans to expand its telehealth services and open new physical clinics in major cities like Boston, D.C., Houston, and Los Angeles, the potential for growth is substantial. The company’s integrated healthcare model, which combines telehealth, in-person primary care, behavioral health, and insurance navigation, positions it well to meet the increasing demand for comprehensive employee health services.
Given the recent successful Series C funding round, future fundraising efforts are likely to focus on further expansion and technological advancements. The involvement of multiple high-profile investors suggests strong confidence in Eden Health's growth trajectory. However, the company will need to navigate challenges such as maintaining the quality of care while scaling operations and integrating various aspects of healthcare services effectively.
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