Total amount raised
$88.3 Millions
Latest funding date
09/01/2020
Location
HealthTap has successfully raised funding through multiple rounds, with notable investors such as Westerly Winds and Asset Management Ventures backing the company. The platform offers affordable, direct-to-consumer virtual primary care for Americans, regardless of their insurance status.
Keep reading to explore the intricacies of HealthTap's fundraising journey and the investors supporting this innovative telehealth platform.
What Is HealthTap?
HealthTap, founded in 2010, is a telehealth service provider headquartered in Palo Alto, California. The company was established by Geoff Rutledge, Ron Gutman, Sastry Nanduri, and Sean Mehra.
Operating in the healthcare and information services industries, HealthTap offers virtual primary and urgent care services. With an employee count ranging from 101 to 250, the company aims to provide affordable, high-quality healthcare to Americans, regardless of their insurance status.
How Much Funding Has HealthTap Raised?
- Seed Round
- Amount Raised: $2.4M
- Date: March 2011
- Lead Investors: Mohr Davidow Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch HealthTap's services.
- Series A
- Amount Raised: $11.5M
- Date: December 2011
- Lead Investors: Asset Management Ventures (AMV), Mayfield Fund, Mohr Davidow Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $24M
- Date: May 2013
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire top talent, expand web and mobile offerings, and accelerate growth.
- Series C
- Amount Raised: $50M
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2020
- Lead Investors: Westerly Winds, Asset Management Ventures (AMV)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand access to affordable primary care and enhance virtual healthcare services.
Total Amount Raised: $87.9M
Current Valuation: Not publicly disclosed
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla. The firm focuses on impactful technology investments and has a strong presence in the tech industry.
- Investment Focus Areas: Technology, healthcare, impactful innovations
- Notable Investments: Square, DoorDash, Impossible Foods
- Keith Rabois
- Details: Keith Rabois is a former COO of Square and an early executive at Slide, LinkedIn, and PayPal. He recently joined Khosla Ventures and led the investment in HealthTap.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Square, LinkedIn, PayPal
- The Mayfield Fund
- Details: The Mayfield Fund is a venture capital firm known for investing in early-stage technology companies. It has been an existing investor in HealthTap.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Lyft, SolarCity, Marketo
- Mohr Davidow Ventures
- Details: Mohr Davidow Ventures focuses on early-stage investments in technology and life sciences. It is also an existing investor in HealthTap.
- Investment Focus Areas: Early-stage technology, life sciences
- Notable Investments: Coupa Software, Nanosys, Pacific Biosciences
- Westerly Winds
- Details: Westerly Winds is one of the major investors in HealthTap. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
What's Next for HealthTap?
HealthTap stands at the cusp of significant growth opportunities. With a robust platform serving millions of users and thousands of doctors, the company is poised to expand its web and mobile offerings. By opening its health data to third parties, HealthTap can foster the development of new tools and applications, potentially becoming a key player in the digital health landscape.
Future fundraising efforts are likely to be bolstered by these opportunities. As HealthTap continues to grow and innovate, it may attract more investments and partnerships, further enhancing its capabilities and reach. However, the company will need to navigate challenges such as competition from other health startups and the evolving demands of the healthcare industry.
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