How Much Did HealthTap Raise? Funding & Key Investors

HealthTap has successfully raised funding over seven rounds, with the latest being a Venture - Series Unknown round. The company is backed by 14 investors, including Westerly Winds and Asset Management Ventures.

HealthTap's fundraising journey also includes two acquisitions, with the most recent being Docphin. Keep reading to explore the intricacies of HealthTap's fundraising journey and the investors backing this innovative platform.

What Is HealthTap?

HealthTap, founded in 2010, is a telehealth company based in Palo Alto, California. It offers virtual primary care and urgent care services, making healthcare accessible and affordable for Americans with or without insurance.

Operating in industries such as health care, information services, and medical, HealthTap employs between 101-250 people. The company provides a range of services, including mental health, children's health, and senior health, emphasizing the importance of preventive care and chronic condition management.

How Much Funding Has HealthTap Raised?

1. Seed Round
   • Amount Raised: USD 2,350,000
   • Date: March 2011
   • Lead Investors: Mohr Davidow Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial platform and attract early users.
2. Series A
   • Amount Raised: USD 11,500,000
   • 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.
3. Series B
   • Amount Raised: USD 24,000,000
   • 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.
4. Series C
   • Amount Raised: USD 50,000,000
   • Date: January 2017
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and further develop the platform.
5. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: September 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue expanding services and reach more users.

Total Amount Raised: USD 87,850,000. Current Valuation: Not publicly disclosed.

Key Investors

• Khosla Ventures
  • Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, focusing on impactful technology investments.
  • Investment Focus Areas: HealthTech, CleanTech, IT, Mobile, Internet, New Media
  • Notable Investments: Square, DoorDash, Impossible Foods
• Keith Rabois
  • Details: Keith Rabois is a partner at Khosla Ventures and a former COO of Square. He has been an early executive at Slide, LinkedIn, and PayPal.
  • Investment Focus Areas: Technology startups, HealthTech, FinTech, Mobile
  • Notable Investments: Square, Yelp, Airbnb
• The Mayfield Fund
  • Details: The Mayfield Fund is a venture capital firm that invests in early-stage technology companies.
  • Investment Focus Areas: Enterprise, Consumer, HealthTech
  • Notable Investments: Lyft, SolarCity, Marketo
• Mohr Davidow Ventures
  • Details: Mohr Davidow Ventures is a venture capital firm that invests in early-stage technology companies.
  • Investment Focus Areas: HealthTech, IT, CleanTech
  • Notable Investments: Coupa, Nanosys, Rocket Fuel
• Asset Management Ventures (AMV)
  • Details: Asset Management Ventures (AMV) is a venture capital firm that invests in early-stage technology companies.
  • Investment Focus Areas: Not publicly disclosed
  • Notable Investments: Not publicly disclosed

What's Next for HealthTap?

HealthTap stands at the cusp of significant growth opportunities. With a robust platform that connects millions of users to thousands of licensed physicians, the company is poised to expand its web and mobile offerings. By opening its health data to third parties, HealthTap can foster new tools and applications, potentially becoming a key player in the healthcare industry.

Future fundraising opportunities are likely as HealthTap continues to grow. The company could attract further investments to support its expansion and innovation. However, challenges such as competition from other health startups and navigating healthcare regulations remain. Ensuring the quality and reliability of health information will be crucial as HealthTap scales its platform to meet increasing demand.

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