Total amount raised
$70 Millions
Latest funding date
10/01/2021
Location
Title
Sprinter Health has successfully raised significant funding to support its mission of expanding access to preventive healthcare through a hybrid care model.
Keep reading to explore the intricacies of Sprinter Health's fundraising journey and the investors backing this innovative platform.
What Is Sprinter Health?
Sprinter Health, founded in 2020, is headquartered in San Francisco, California. The company was established by Max Cohen and Cameron Behar.
Sprinter Health aims to expand access to preventive healthcare by delivering services directly to patients' homes. They employ a hybrid model that combines in-person visits by trained "Sprinters" with virtual consultations.
With a growing team of dedicated professionals, Sprinter Health continues to innovate in the healthcare space, focusing on closing care gaps and improving patient outcomes.
How Much Funding Has Sprinter Health Raised?
- Series A Funding Round
- Amount Raised: $33 million
- Date: October 2021
- Lead Investors: Andreessen Horowitz (a16z)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth into new markets, specifically Texas and Florida, and to invest in technology improvements.
Total Amount Raised: $33 million. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. It led the Series A funding round for Sprinter Health.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Facebook, Airbnb, Lyft.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. It participated in the Series A funding round for Sprinter Health.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Stripe, Snap, Airbnb.
- Accel
- Details: Accel is a global venture capital firm that focuses on early and growth-stage technology companies. It was involved in the Series A funding for Sprinter Health.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Facebook, Dropbox, Slack.
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc. It participated in the Series A funding round for Sprinter Health.
- Investment Focus Areas: Technology, healthcare, life sciences.
- Notable Investments: Uber, Nest, Flatiron Health.
- Tony Xu
- Details: Tony Xu is the CEO and co-founder of DoorDash. He participated as an angel investor in Sprinter Health's Series A funding round.
- Investment Focus Areas: Technology, consumer, logistics.
- Notable Investments: DoorDash.
What's Next for Sprinter Health?
Sprinter Health is poised to capitalize on the booming at-home healthcare market, with plans to expand into new regions like Los Angeles, San Diego, Texas, and Florida. By partnering with specialty labs, physician practices, and insurance companies, they aim to make clinical services as accessible as food delivery.
Given the successful $33 million Series A funding round, future fundraising seems promising. High-profile investors like Andreessen Horowitz and GV, along with angel investors such as Tony Xu, could attract additional capital to support their growth.
However, challenges lie ahead. Competition from other at-home healthcare providers and the need for efficient service delivery will test their scalability. Navigating regulatory requirements and maintaining high-quality service will be crucial for sustained success.
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