Total amount raised
$418.7 Million
Latest funding date
7/1/2024
Location
K Health has successfully raised funds over 10 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 25 investors, including Mangrove Capital Partners and Claure Group.
Keep reading to explore the intricacies of K Health's fundraising journey and the investors backing this innovative platform.
What Is K Health?
K Health is a healthcare technology company that leverages AI to provide 24/7 access to primary care. Based in New York, the company integrates AI into clinical workflows, enabling superior access to healthcare at a lower cost without compromising quality.
Founded by Allon Bloch and Ran Shaul, K Health operates in multiple industries, including AI, health care, and information technology. The company employs between 251 and 500 people, partnering with top health systems in the U.S. to deliver personalized primary care services.
How Much Funding Has K Health Raised?
- Seed Round
- Amount Raised: USD 3,320,000
- Date: June 2017
- Lead Investors: Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial AI-driven primary care platform.
- Seed Round
- Amount Raised: USD 3,325,000
- Date: November 2016
- Lead Investors: Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: USD 5,820,000
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and further develop the AI technology.
- Series B
- Amount Raised: USD 25,000,000
- Date: December 2018
- Lead Investors: 14W, Comcast Ventures, Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its capabilities.
- Series C
- Amount Raised: USD 48,000,000
- Date: February 2020
- Lead Investors: 14W, Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve AI functionalities.
- Series D
- Amount Raised: USD 42,000,000
- Date: November 2020
- Lead Investors: Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the AI-driven platform and expand services.
- Series E
- Amount Raised: USD 132,000,000
- Date: January 2021
- Lead Investors: Notable Capital, PICO Venture Partners, Valor Equity Partners
- Valuation at Round: USD 1.4 billion
- Motivation Behind the Round: To scale the platform and enhance its capabilities.
- Series Unknown
- Amount Raised: USD 59,000,000
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and technological advancements.
- Series Unknown
- Amount Raised: USD 88,356,397
- Date: July 2024
- Lead Investors: Claure Group
- Valuation at Round: USD 900 million
- Motivation Behind the Round: To further develop and expand K Health’s AI-driven primary care platform.
Total Amount Raised: USD 407,501,397. Current Valuation: USD 900 million.
Key Investors
- Claure Group
- Details: Claure Group is an investment firm led by Marcelo Claure, known for its investments in high-growth sectors. The firm has been a lead investor in multiple funding rounds for K Health.
- Investment Focus Areas: Technology, telecommunications, AI.
- Notable Investments: Various high-profile tech and telecom companies.
- Mangrove Capital Partners
- Details: Mangrove Capital Partners is a venture capital firm that invests in early-stage technology companies. They have been involved in multiple funding rounds for K Health.
- Investment Focus Areas: Early-stage technology companies, disruptive innovations.
- Notable Investments: Skype, Wix, K Health.
- Valor Equity Partners
- Details: Valor Equity Partners is a private equity firm that focuses on high-growth companies. They have participated in several funding rounds for K Health.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Tesla, SpaceX, K Health.
- Atreides Management, LP
- Details: Atreides Management, LP is an investment firm that focuses on public and private companies. They are an existing investor in K Health.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Various tech and consumer-focused companies.
- Pablo Legorreta (Royalty Pharma)
- Details: Pablo Legorreta is the founder and CEO of Royalty Pharma, a company that invests in pharmaceutical royalties. He participated in the recent funding round for K Health.
- Investment Focus Areas: Pharmaceutical royalties, healthcare.
- Notable Investments: Numerous pharmaceutical and biotech companies.
What's Next for K Health?
As K Health continues to innovate, the company is poised to capitalize on the growing demand for AI-driven healthcare solutions. With the recent $50 million funding round, K Health aims to expand its AI-driven primary care platform, enhancing clinical outcomes and patient experiences. The integration of virtual and in-person care through partnerships with leading health systems like Cedars-Sinai presents a significant opportunity to scale their services and reach millions of users.
Future fundraising opportunities appear promising, with potential for additional venture capital rounds or strategic investments from healthcare partners. The company’s ability to offer high-quality care at lower costs compared to traditional models suggests a large addressable market, making it an attractive prospect for investors. However, K Health will need to navigate challenges such as competition from other AI-driven healthcare platforms, regulatory compliance, and maintaining the accuracy and reliability of their AI models.
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