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 V
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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.
MedCity News
Symptom checker K Health raises $132M for push into pediatrics
K Health raised $132 million in funding, which it plans to use to expand its platform into pediatric patients. The company has built a symptom-checker app and lets patients text a primary care physician for an additional fee.
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K Health plans to push into pediatrics with $132 million in new funding. The New York-based startup offers a free symptom-checking app as well as access to a text-based visit with a provider for a small fee.
The recent funding round, led by GGV Capital and Valor Equity Partners, will be used to launch a virtual pediatrics offering for kids ages 3 to 17. For example, parents can share what symptoms their child is experiencing, and get suggestions of what might be happening.
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Everyone knows and quotes Joel s old chestnut,
Smart, and
Gets Things Done. It was a blog, then a book, and now it s an aphorism.
People quote Joel s Proverb all the time because it gives us all such a nice snuggly feeling. Why? Because to be in this industry at all, even a bottom-feeder, you
have to be smart. You were probably the top kid in your elementary school class. People probably picked on you. You were the geek back when geeks weren t popular. But now smart is fashionable.