Total amount raised
$119.5 Millions
Latest funding date
10/01/2024
Location
Oshi Health has successfully raised $60 million in a Series C funding round to enhance its gastroenterology care services. The funding included strategic investments from the American College of Gastroenterology, the American Gastroenterological Association, and a group of practicing physicians.
Keep reading to explore the intricacies of Oshi Health's fundraising journey and the investors backing this innovative platform.
What Is Oshi Health?
Oshi Health, founded in 2019, is a digital health platform based in New York, New York. The company specializes in providing personalized support and resources for individuals with digestive health conditions.
Founded by Sam Holliday, Sameer Berry, and Sona Chandra, Oshi Health offers a range of services including virtual visits, chat messaging, personalized care plans, health coaching, labs and diagnostics coordination, and symptom tracking.
With a team of 101-250 employees, Oshi Health aims to diagnose, treat, and remotely monitor digestive conditions, partnering with employers, health plans, and providers to extend their services.
How Much Funding Has Oshi Health Raised?
- Pre-Seed Round
- Amount Raised: $3.5M
- Date: December 2019
- Lead Investors: Takeda Digital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and develop the digital health platform.
- Seed Round
- Amount Raised: $3M
- Date: September 2020
- Lead Investors: Takeda Digital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial service offerings.
- Series A
- Amount Raised: $23M
- Date: October 2021
- Lead Investors: Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $30M
- Date: April 2023
- Lead Investors: Koch Disruptive Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve service integration with healthcare providers.
- Series C
- Amount Raised: $60M
- Date: October 2024
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market leadership, expand partnerships, and increase insurance coverage.
Total Amount Raised: $119.5M
Current Valuation: Not publicly disclosed
Key Investors
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm specializing in fintech and healthcare investments. Founded in 2014, it manages over $5.3 billion in assets.
- Investment Focus Areas: Healthcare, financial technology.
- Notable Investments: One Medical, VillageMD, Devoted Health.
- Koch Disruptive Technologies
- Details: Koch Disruptive Technologies is the venture arm of Koch Industries, focusing on transformative technologies. It aims to invest in companies that can revolutionize industries.
- Investment Focus Areas: Transformative technologies across various industries.
- Notable Investments: Desktop Metal, InSightec.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm investing in early-stage companies across various sectors. Founded in 1911, it manages over $5 billion in assets.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Flare Capital Partners
- Details: Flare Capital Partners is a venture capital firm focused on early-stage healthcare technology companies. Founded in 2014, it manages over $500 million in assets.
- Investment Focus Areas: Healthcare technology.
- Notable Investments: Iora Health, HealthVerity, Bright Health.
- Frist Cressey Ventures
- Details: Frist Cressey Ventures is a venture capital firm investing in healthcare services and technology companies. Founded in 2015, it focuses on improving patient outcomes and reducing costs.
- Investment Focus Areas: Healthcare services, technology.
- Notable Investments: Aspire Health, Spero Health, Trilliant Health.
What's Next for Oshi Health?
Oshi Health is poised to capitalize on significant opportunities in the digestive health sector. With plans to expand into Medicare populations by 2025 and increase partnerships with employers and health plans, the company is well-positioned to strengthen its market leadership. The potential to serve over 40 million people across all 50 states underscores the vast opportunity ahead.
Future fundraising efforts are likely as Oshi Health continues to demonstrate cost savings and clinical effectiveness. The successful Series C round and the involvement of prominent investors suggest a strong foundation for attracting additional capital to support further expansion and scaling.
However, challenges remain. Oshi Health must navigate regulatory requirements, ensure high-quality care as they scale, and compete with other virtual healthcare providers. Maintaining patient satisfaction and clinical outcomes will be crucial as the company grows.
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