Total amount raised
$400 Millions
Latest funding date
06/01/2022
Location
Title
Tomorrow Health has successfully raised significant funding to advance its mission of improving home-based healthcare. The company leverages technology to streamline the process of ordering, delivering, and paying for home-based care.
Keep reading to explore the intricacies of Tomorrow Health's fundraising journey and the investors backing this innovative platform.
What Is Tomorrow Health?
Tomorrow Health, founded by Vijay Kedar, is dedicated to revolutionizing home-based healthcare. The company, based in New York, leverages technology to streamline the process of ordering, delivering, and paying for home-based care.
Since its inception, Tomorrow Health has focused on connecting providers, health plans, and home-based care suppliers to ensure patients receive high-quality care at home. The company's mission is driven by Kedar's personal experience managing his mother's recovery.
With a growing team, Tomorrow Health continues to innovate and improve patient outcomes, saving providers time and enhancing the overall quality of home-based healthcare.
How Much Funding Has Tomorrow Health Raised?
- Series B Funding Round
- Amount Raised: $60 million
- Date: June 2022
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand partnerships with health plans, grow in new markets, and invest in technology.
Tomorrow Health has raised a total of $60 million. The current valuation is not publicly disclosed.
Key Investors
- Bond
- Details: Bond is a venture capital firm that led Tomorrow Health's Series B funding round. The firm is known for its focus on technology-driven companies.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Stripe, Canva.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm that participated in Tomorrow Health's Series B funding. The firm has a strong reputation in the tech industry.
- Investment Focus Areas: Healthcare, software, consumer.
- Notable Investments: Facebook, Airbnb, Lyft.
- Obvious Ventures
- Details: Obvious Ventures is a venture capital firm that invests in companies aiming to create positive social and environmental impact. They participated in Tomorrow Health's Series B round.
- Investment Focus Areas: Sustainability, health, technology.
- Notable Investments: Beyond Meat, Medium.
- BoxGroup
- Details: BoxGroup is an early-stage venture capital firm that also participated in Tomorrow Health's Series B funding. They focus on supporting innovative startups.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Warby Parker, Glossier.
- Sound Ventures
- Details: Sound Ventures is a venture capital firm co-founded by Ashton Kutcher and Guy Oseary. They participated in Tomorrow Health's Series B funding round.
- Investment Focus Areas: Technology, media, consumer.
- Notable Investments: Uber, Robinhood.
What's Next for Tomorrow Health?
Tomorrow Health stands at the cusp of significant growth opportunities. With plans to expand partnerships with national and regional health plans, the company is poised to tap into a vast market. The home-based care sector is burgeoning, driven by an increasing demand for at-home healthcare solutions. Tomorrow Health's platform, which matches patients with suppliers offering over 40,000 products and services, is well-positioned to capitalize on this trend.
Future fundraising efforts could see Tomorrow Health pursuing Series C and beyond, especially as it continues to grow and expand its market presence. However, the path forward is not without challenges. The company will need to navigate competition from other home-based care providers, regulatory hurdles in different markets, and the complexities of integrating with various health plans and insurance providers. Ensuring the quality and reliability of its vast network of suppliers will also be crucial for sustained success.
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