Digital health co K Health raises $132m at $1.4b valuation
The Israeli company has developed AI technology enabling users to obtain an initial medical opinion from doctors using online chat.
Data-driven digital primary care solution company K Health today announced that it had raised $132 million in a Series E financing round, at a company valuation of $1.4 billion, making it one of Israel's only digital healthcare unicorns. The company was founded by Allon Bloch, Israel Roth and Ran Shaul in cooperation with Maccabi Health Services. K Health has raised $229 million to date including a $48 million round last February.
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The round was led by GGV Capital and Valor Equity Partners with participation from Kaiser Permanente pension fund and LTS Investments. Valor Equity Partners’ founder and CEO Antonio Gracias, who sits on the boards of SpaceX and Tesla, will join the board along with GGV Capital’s managing partner Hans Tung. Additional investors include 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners and BoxGroup.