Shaking up the US car loan market
With automated loan finder Fuse, VC and former entrepreneur Elie Wurtman hopes to repeat his success with Vroom, but to keep it made in Israel.
Ophir Dor January 19, 2021 Elie Wurtman founded and invested in the used car app Vroom, which is currently traded at a value of $ 4.8 billion • His new startup Fuse, which is trying to fix the world of car loans in the US, is still small but he is sure the potential is huge • This time he hopes the company stays in the country In November 2018, entrepreneur and investor Elie Wurtman invited Andrew Walser, CEO of the Walser Automotive Group from Minneapolis, Minnesota, to visit Jerusalem. Walser is a customer of one of the portfolio companies of Wurtman s venture capital firm, PICO Partners, and a visit to Israel was intended to enhance their business relationship. He s a CEO who runs a billion-and-a-half-dollar-a-year business and at first he wanted to hop over for just one night in Jerusalem. Only aft
Jan 19, 2021 12:31pm
K Health launched a new telehealth service that offers parents access to a pediatrician to remotely diagnose and treat children ages 3 to 17. (K Health)
Investors are already pouring millions into digital primary care startups in 2021.
On the same day that Aledade announced a $100 million funding round, K Health, which provides patients remote access to health care services through their smartphones, also secured a big cash infusion.
The New York-based startup banked a $132 million Series E round of funding led by GGV Capital and Valor Equity Partners with participation from Kaiser Permanente pension fund and LTS Investments, the investment offices of Lemann, Telles, and Sicupira, behind 3G Capital. Additional investors include 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners and BoxGroup.
K Health expands into virtual childcare and raises $132 million at a $1.5 billion valuation
K Health, the virtual healthcare provider that uses machine learning to lower the cost of care by providing the bulk of the company’s health assessments, is launching new tools for childcare on the heels of raising cash that values the company at $1.5 billion.
The $132 million round raised in December will help the company expand and help pay for upgrades, including an integration with most electronic health records an integration that’s expected by the second quarter.
Throughout 2020 K Health has leveraged its position operating at the intersection of machine learning and consumer healthcare to raise $222 million in a single year.
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.
RELATED ARTICLES
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 V
Share
K Health, a startup combining a free symptom checker with text-based telehealth and virtual primary care, has announced $132 million Series E – its third major raise within the course of a year.
GGV Capital, Valor Equity Partners and Kaiser Permanente pension fund headlined the raise, with GGV Managing Partner Hans Tung and Valor founder and CEO Antonio Gracias joining K Health s board. Other participants in the round included LTS Ventures, Atreides Ventures, 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Ventures and Box Group.
Coinciding with the raise is the launch of K for Parents, a new one-time or membership-based virtual pediatric care offering for families.