digital health funding
With its second funding round of the year, the San Francisco startup hopes to expand its business and its worldwide network of providers.
Also: Babyscripts raises $4 million from its provider customers; ConsejoSano filing reveals $17 million investment.
Now valued at more than $1 billion, the startup provides virtual care and local support services to patients who may otherwise fall through the cracks.
The startup will be targeting new hires, increased marketing and brand awareness campaigns, and new developments for its product.
The company currently has three prescription digital therapeutics available on the market.
Also: Stanford University spinout Deepcell lands $20 million in funding and Folx raises $4.4 million.
The company projects that sales of its testing kits will triple by the end of 2020.
This is Olive's third raise in 2020 alone, and now values the AI company at $1.5 billion.
A Q4 progress report from CB Insights predicts a drop-off in investment between the quarters, for digital health and the broader healthcare startup ecosystem alike.
With these funds, Well Health has now raised $75 million since its founding in 2015.