Could 24, 2021
Wheel, a healthcare startup primarily based in Austin, Texas, secured $50 million in a collection B funding spherical.
The funding spherical was led by Lightspeed Ventures with current traders CRV, Silverton Companions, Tusk Enterprise Companions and J.P. Morgan additionally collaborating. Wheel has now raised a complete of $66 million, together with a $13.9 million collection A spherical in January 2020.
Earlier than the pandemic, Wheel had developed a software program platform that will vet, prepare and credential digital care clinicians and match them with sufferers in real-time for different firms’ digital care packages. The corporate grew 300% 12 months over 12 months amid the pandemic and expanded its clinician community by 450%. Wheel delivered practically half one million affected person visits within the final 12 months; it additionally launched a white-labeled digital care platform and expanded into behavioral well being.
“Wheel is healthcare’s reply to the gig financial system,” Forbes reported. It doesn’t present branded telehealth companies just like the Teladocs of the world. As a substitute, it presents instruments that allow well being suppliers and even employers to supply telehealth companies.
Michelle Davey and Griffin Mulcahey based Wheel in January 2018 after working collectively within the telehealth business. They plan to make use of the funding to develop and diversify Wheel’s networks together with new specialties, triage, and frontline care navigation later this 12 months. The funding will even be used to enhance its tech stack,enhance customized care and supply stronger shopper assist.