Total amount raised
$87 Millions
Latest funding date
6/1/2024
Location
Pomelo Care has successfully raised $46 million in its Series B funding round, attracting notable investors such as Andreessen Horowitz and BoxGroup. The company specializes in evidence-based maternity care, offering a comprehensive range of services from preconception to postpartum support.
Keep reading to explore the intricacies of Pomelo Care's fundraising journey and the investors backing this innovative platform.
What Is Pomelo Care?
Founded in 2021, Pomelo Care is based in New York, New York. The company was established by Marta Bralic and has grown to employ between 251-500 people.
Pomelo Care specializes in evidence-based maternity care, offering a range of services from preconception to postpartum support. Their approach combines virtual, round-the-clock clinical care with in-person doula care to improve maternal and infant health outcomes.
By leveraging data science and machine learning, Pomelo Care works with employers and health plans to identify and manage risks, ultimately aiming to enhance health outcomes and reduce costs.
How Much Funding Has Pomelo Care Raised?
- Seed Round
- Amount Raised: $8M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series A
- Amount Raised: $33M
- Date: June 2023
- Lead Investors: Andreessen Horowitz, First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the technology platform.
- Series B
- Amount Raised: $46M
- Date: June 2024
- Lead Investors: Andreessen Horowitz, First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and improve access to maternal health services.
Total Amount Raised: $87M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm. Vineeta Agarwala, MD, PhD, General Partner at a16z Bio + Health, is a board member of Pomelo Care.
- Investment Focus Areas: Technology, healthcare, biotechnology.
- Notable Investments: Facebook, Airbnb, Lyft.
- First Round Capital
- Details: First Round Capital is a venture capital firm that focuses on early-stage investments. Josh Kopelman, a Partner at First Round Capital, is a board member of Pomelo Care.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Uber, Square, Warby Parker.
- Stripes
- Details: Stripes is a growth equity firm that invests in internet, software, and consumer businesses. They participated in Pomelo Care's Series B funding round.
- Investment Focus Areas: Internet, software, consumer products.
- Notable Investments: Blue Apron, Reformation, Udemy.
- SV Angel
- Details: SV Angel is a seed fund that has invested in a wide range of technology startups. They were involved in Pomelo Care's Series B funding round.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Twitter, Dropbox, Airbnb.
- BoxGroup
- Details: BoxGroup is an early-stage investment fund that focuses on technology startups. They have been a consistent investor in Pomelo Care.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Flatiron Health, Warby Parker, Glossier.
What's Next for Pomelo Care?
Pomelo Care stands at the cusp of significant growth opportunities. With over 3 million lives covered and services spanning 46 states, the company is poised to expand its partnerships with payors and healthcare providers nationwide. The potential to reduce maternal morbidity and mortality rates, especially in underserved areas, presents a vast market for their virtual care model.
Future fundraising seems promising, given the successful Series B round and the backing of prominent investors. This financial momentum could fuel further expansion and technological advancements. However, challenges such as navigating regulatory landscapes and ensuring equitable access to care remain. Addressing these hurdles will be crucial for sustained growth and success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Pomelo Care and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
