Total amount raised
$95 Millions
Latest funding date
Location
Pearl Health has successfully raised $75 million in a Series B funding round, with investments from AlleyCorp, SV Angel, Andreessen Horowitz, and Viking Global Investors. The company provides an integrated platform designed to help primary care providers improve patient care and optimize performance in value-based care models.
Keep reading to explore the intricacies of Pearl Health's fundraising journey and the investors backing this innovative platform.
What Is Pearl Health?
Pearl Health, founded in 2020, operates in the healthcare technology and services industry. The company is headquartered in New York, New York, and was established by Ankit Patel, Jeff De Flavio, Kevin Ryan, and Michael Kopko.
With an employee count ranging from 101 to 250, Pearl Health provides an integrated platform designed to help primary care providers deliver quality healthcare. Their technology and services facilitate proactive care, reduce total care costs, and optimize performance in value-based care models.
How Much Funding Has Pearl Health Raised?
- Seed Round
- Amount Raised: $2M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of their integrated platform for primary care providers.
- Series A
- Amount Raised: $18M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their platform's capabilities and increase their market presence among primary care providers.
- Series B
- Amount Raised: $75M
- Date: January 2023
- Lead Investors: Andreessen Horowitz, Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth, diversify offerings, and accelerate innovation in value-based care.
Total Amount Raised: $95M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Founded in Silicon Valley in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz is a prominent venture capital firm. The firm manages $35 billion in assets across multiple funds.
- Investment Focus Areas: Bio + healthcare, consumer, crypto, enterprise, fintech, gaming
- Notable Investments: Not publicly disclosed
- Viking Global Investors
- Details: Established in 1999, Viking Global Investors is a global management firm managing over $37 billion of capital. The firm has offices in Greenwich, New York, Hong Kong, London, and San Francisco.
- Investment Focus Areas: General investment management across various sectors
- Notable Investments: Not publicly disclosed
- AlleyCorp
- Details: AlleyCorp is a venture capital firm and startup studio founded by Kevin Ryan. The firm is known for founding and investing in companies primarily in the New York area.
- Investment Focus Areas: Technology, healthcare, media
- Notable Investments: MongoDB, Business Insider, Gilt Groupe
- SV Angel
- Details: SV Angel is a San Francisco-based angel investment firm. The firm focuses on early-stage investments in technology startups.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Twitter, Airbnb, Dropbox
What's Next for Pearl Health?
Pearl Health stands at the cusp of significant growth opportunities. With over 800 primary care providers already in their network, the company is poised to expand further into Medicare Advantage plans and other risk-based models. This expansion, coupled with their innovative technology platform, positions them to address the inefficiencies in primary care and align payments with patient health outcomes.
Future fundraising seems likely as Pearl Health continues to grow and diversify its offerings. The recent $75 million Series B funding round underscores investor confidence and sets the stage for potential future rounds to support their ambitious plans. However, challenges such as financial strains on the US healthcare system and the need for continuous innovation could pose hurdles along the way.
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