Total amount raised
$119.5 Million
Latest funding date
10/01/2024
Location
Oshi Health has successfully raised funding over five rounds, with the latest being a Series C involving seven investors, including Oak HC/FT as one of the lead investors. The company is backed by 12 investors, with notable names such as Takeda Digital Ventures and Bessemer Venture Partners.
Keep reading to explore the intricacies of Oshi Health's fundraising journey and the investors backing this innovative digital health platform.
What Is Oshi Health?
Oshi Health is a digital health platform specializing in gastrointestinal (GI) health. Based in New York, New York, the company offers personalized, whole-person care for individuals with digestive health conditions through virtual visits. Their team includes gastroenterologists, dietitians, and gut-brain specialists.
Founded in an unspecified year, Oshi Health operates within the healthcare, medical, and mobile industries. The company employs between 101 and 250 people, providing convenient and clinically-proven care that is in-network with most major insurance plans.
How Much Funding Has Oshi Health Raised?
- Pre-seed Funding Round
- Amount Raised: USD 3,500,000
- 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 core technology for their virtual GI care platform.
- Seed Funding Round
- Amount Raised: USD 3,000,000
- Date: September 2020
- Lead Investors: Takeda Digital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and begin initial market entry.
- Series A Funding Round
- Amount Raised: USD 23,000,000
- 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 expand the team to meet growing demand.
- Series B Funding Round
- Amount Raised: USD 30,000,000
- Date: April 2023
- Lead Investors: Koch Disruptive Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series C Funding Round
- Amount Raised: USD 60,000,000
- 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: USD 119,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Oak HC/FT
- Details: Oak HC/FT is a venture capital firm specializing in healthcare and financial technology investments. Founded in 2014, it manages over $5.3 billion in assets.
- Investment Focus Areas: Healthcare, financial technology
- Notable Investments: Not publicly disclosed
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies across various sectors. It is one of the most recent investors in Oshi Health.
- Investment Focus Areas: Healthcare, technology, financial services
- Notable Investments: Not publicly disclosed
- Takeda Digital Ventures
- Details: Takeda Digital Ventures is the corporate venture arm of Takeda Pharmaceuticals, focusing on digital health and technology investments. It has been a consistent investor in Oshi Health.
- Investment Focus Areas: Digital health, technology
- Notable Investments: Not publicly disclosed
- Flare Capital Partners
- Details: Flare Capital Partners is a venture capital firm that focuses on early-stage investments in healthcare technology companies. It has participated in multiple funding rounds for Oshi Health.
- Investment Focus Areas: Healthcare technology
- Notable Investments: Not publicly disclosed
- Frist Cressey Ventures
- Details: Frist Cressey Ventures is a venture capital firm that invests in healthcare services and technology companies. It has been involved in several funding rounds for Oshi Health.
- Investment Focus Areas: Healthcare services, healthcare technology
- Notable Investments: Not publicly disclosed
What's Next for Oshi Health?
Oshi Health stands at the cusp of significant growth opportunities. With plans to expand into Medicare populations by 2025 and increase partnerships with employers and healthcare providers, the company is poised to enhance its market leadership. The virtual care model, which has already demonstrated substantial cost savings, is set to benefit millions more as payer coverage grows.
Future fundraising rounds seem likely as Oshi Health continues to scale and demonstrate success in new markets. The company’s ability to attract additional investment will be crucial for supporting its ambitious expansion plans. However, challenges such as navigating regulatory landscapes and ensuring high-quality care as they scale will need to be addressed.
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