Behind The Screen: Meet The Startup Powering Telehealth That Just Raised $50 Million
Share to Facebook
WHEEL
Wheel is healthcare’s answer to the gig economy. Its online platform matches doctors with patients and also enables any company to stand up a virtual care practice.
When the Covid-19 pandemic hit, the healthcare industry found itself turning to telemedicine to meet patient needs. Every digital health company, hospital and insurer faced the same two obstacles: a need for more doctors and better technological infrastructure. Even the major virtual care players like Teladoc Health and Amwell had long waiting times as patient demand vastly outpaced physician supply in those first weeks and months.
/PRNewswire/ Wheel, the health tech company making virtual care work for everyone, announced a $50 million Series B investment led by Lightspeed Ventures.
Photo: IronHeart/Getty Images
Wheel, an Austin, Texas-based telehealth staffing and services vendor, today shared that it raised $50 million in a Series B funding round led by Lightspeed Ventures.
Existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan took part in the round, along with new investor Future Shape.
As the lead investor, Lightspeed Senior Advisor Dr. Ling Wong will join Wheel’s board of directors.
Today’s Series B raise brings Wheel’s total funding to $66 million after it launched with $13.9 million last year.
WHAT IT DOES
Wheel provides two main services: telehealth staffing opportunities for clinicians and a scalable virtual care platform for companies.
Wheel Secures $50M for White-Labeled Virtual Care Platform hitconsultant.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hitconsultant.net Daily Mail and Mail on Sunday newspapers.