Total amount raised
$53.5 Millions
Latest funding date
Location
Heartbeat Health has successfully raised significant funding through multiple rounds, including a Series C, to advance its virtual-first cardiology services. The company focuses on improving cardiovascular disease prevention and management through innovative technology and real-time clinical data.
With a diverse range of offerings such as virtual cardiovascular care, device connectivity, and coordinated care delivery, Heartbeat Health is making strides in reshaping how cardiovascular care is delivered. Keep reading to explore the intricacies of Heartbeat Health's fundraising journey and the investors backing this innovative platform.
What Is Heartbeat Health?
Heartbeat Health, founded in 2017, is a digital health company based in New York, New York. The company was established by Jeffrey Wessler, Mark Hanson, and Nayan Jain.
Specializing in healthcare, health diagnostics, medical, mHealth, and telehealth, Heartbeat Health focuses on improving cardiovascular disease prevention and management through innovative technology. The company employs between 101 and 250 people.
Heartbeat Health offers a virtual-first approach to cardiovascular care, utilizing real-time clinical data and device connectivity. Their platform supports secure virtual connections between patients and doctors, enabling effective diagnostic interpretations, televisits, and collaborative treatment plans.
How Much Funding Has Heartbeat Health Raised?
- Pre-Seed Round
- Amount Raised: $300K
- Date: August 2017
- Lead Investors: Kindred Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial technology and service offerings.
- Series A
- Amount Raised: $8.2M
- Date: March 2020
- Lead Investors: .406 Ventures, Optum Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Series B
- Amount Raised: $20M
- Date: May 2021
- Lead Investors: Echo Health Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service delivery.
- Series C
- Amount Raised: $25M
- Date: July 2024
- Lead Investors: Cressey & Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance clinical offerings, expand the care team, and increase access to services across the country.
Total Amount Raised: $53.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Cressey & Company
- Details: Cressey & Company is a private investment firm specializing in healthcare services and information technology businesses. They focus on innovative specialty care management models, particularly those addressing cardiovascular disease.
- Investment Focus Areas: Healthcare services, information technology, specialty care management models, cardiovascular disease.
- Notable Investments: Investments in companies that provide innovative specialty care management models, particularly in cardiovascular disease.
- .406 Ventures
- Details: .406 Ventures is an early-stage venture capital firm investing in innovative enterprise technology and digital health companies. They are known for supporting companies that leverage technology to transform healthcare and enterprise operations.
- Investment Focus Areas: Enterprise technology, digital health, early-stage companies.
- Notable Investments: Investments in companies leveraging technology to transform healthcare and enterprise operations.
- Echo Health Ventures
- Details: Echo Health Ventures is a venture capital firm focusing on early-stage investments in technology and healthcare. They aim to improve patient outcomes and operational efficiencies through their investments.
- Investment Focus Areas: Technology, healthcare, early-stage investments.
- Notable Investments: Investments in companies at the intersection of healthcare and technology.
- Kindred Ventures
- Details: Kindred Ventures is an early-stage venture capital firm investing in technology and healthcare startups. They focus on companies that offer new models of care delivery.
- Investment Focus Areas: Technology, healthcare startups, new care delivery models.
- Notable Investments: Investments in healthcare startups offering new models of care delivery.
- Optum Ventures
- Details: Optum Ventures is the venture capital arm of Optum, focusing on digital health, healthcare services, and technology. They invest in companies aiming to improve the healthcare system through innovative technologies and services.
- Investment Focus Areas: Digital health, healthcare services, technology.
- Notable Investments: Investments in companies aiming to improve the healthcare system through innovative technologies and services.
What's Next for Heartbeat Health?
Heartbeat Health is poised to capitalize on the growing demand for virtual and digital healthcare solutions. With the recent funding from Cressey & Company and existing investors, the company plans to expand its clinical offerings and increase access to its services nationwide. This expansion presents a significant opportunity to serve a large population at risk of cardiovascular disease, leveraging data-driven clinical care for better health outcomes and cost efficiency.
Future fundraising opportunities are likely, given the strategic partnerships already in place. These funds will support further scaling of operations and technological advancements. However, challenges such as integrating virtual tools with traditional healthcare systems and navigating regulatory requirements across states may arise. Despite these hurdles, Heartbeat Health is well-positioned to lead in the innovative cardiac care market.
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