Total amount raised
$146.5 Millions
Latest funding date
04/01/2014
Location
Title
One Medical has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers a comprehensive range of primary care services, including specialized care for various health issues.
Keep reading to explore the intricacies of One Medical's fundraising journey and the investors backing this innovative healthcare platform.
What Is One Medical?
One Medical, founded in 2007, is a healthcare provider offering primary care services with a focus on convenience and patient experience. The company was established in San Francisco by Tom Lee.
One Medical provides same/next-day appointments, longer consultations, and drop-in lab services. They also offer comprehensive care, including physicals, chronic care, and mental health services.
With a presence in numerous US cities, One Medical employs over 1,000 professionals dedicated to delivering exceptional primary care both in-person and virtually.
How Much Funding Has One Medical Raised?
- Sixth Round of Funding
- Amount Raised: $30 million
- Date: March 2013
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expansion into new markets and investment in technology.
Total Amount Raised: $77 million. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It was founded in 2009 and has since invested in a wide range of companies.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Uber, Nest, Slack.
- Benchmark Capital
- Details: Benchmark Capital is a venture capital firm based in Silicon Valley. It was founded in 1995 and is known for its early-stage investments in technology companies.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: eBay, Twitter, Uber.
- DAG Ventures
- Details: DAG Ventures is a venture capital firm that invests in early and growth-stage companies. It was founded in 2004 and has a diverse portfolio.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Yelp, Glassdoor, SurveyMonkey.
What's Next for One Medical?
One Medical's future looks promising as it continues to expand into new markets like Boston and New York. Leveraging technology to streamline healthcare services, the company is well-positioned to attract tech-savvy patients and investors. The significant $30 million funding round underscores the potential to disrupt traditional healthcare models.
Future fundraising opportunities appear bright, with continued interest from tech investors due to One Medical's innovative approach. However, scaling operations while maintaining high-quality service and navigating regulatory requirements in different states could pose challenges. The growing demand for personalized healthcare services and the increasing use of technology in healthcare are trends that will likely support One Medical's growth trajectory.
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