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October 19, 2020 | PitchBook
Shift to Remote Care Pushes Healthtech Investment to New Heights This Year
When the coronavirus pandemic forced healthcare outside of hospitals, healthtech captured the attention of venture capitalists who have rushed into investing in the space. For telemedicine provider 98point6, the surge in investor interest resulted in an unexpected mega-round. The Seattle-based startup closed a $118 million Series E last week led by L Catterton and Activant Capital. 98point6 had raised $43 million in April and wasn’t actively seeking funding, CEO Robbie Cape said.
October 19, 2020 | Cheddar
Virtual Care Startup 98point6 Raises $118 Million
Virtual health company 98point6 has raised $118 million in a Series E funding round. 98point6 is an on-demand, text-based primary care provider and on top of its funding, has recently strengthened its partnership with Sam’s Club. The company’s co-founder and CEO Robbie Cape joined Cheddar to discuss.
October 16, 2020 | AiThority
98point6 Announces $118 Million Series E Led by L Catterton and Activant Capital to Support Rapid Growth
98point6, an on-demand digital primary care service that delivers personalized consultation, diagnosis and treatment to patients across the country, announced a $118 million Series E fundraising round to further support its growth and success. The text-based primary care platform now has more than 240 commercial partnerships—accounting for three million members—with prominent brands including Banner|Aetna, Boeing, Circle K, Red Bull North America, Sam’s Club, and Teamsters Western Region and New Jersey Health Care Fund.
October 16, 2020 | Business Insider
98point6 Scored $118 Million to Expand Its Online Medical Practice as the Demand for Remote Care Rises
After witnessing a surge in users fueled by the pandemic, 98point6 could use the cash infusion to broaden its scope of telemental health options and keep riding the telehealth boom. The coronavirus pandemic catalyzed a large-scale shift to virtual care, and 98point6 reaped the fruits of patients’ sudden interest: From the end of 2019 to the first few months of 2020, the telehealth company saw a 238% upsurge in membership, and it now touts over 240 commercial partnerships.
October 15, 2020 | Cision PR Newswire
98point6 Announces $118 Million Series E Led by L Catterton and Activant Capital to Support Rapid Growth
98point6 announced a $118 million Series E fundraising round to further support its growth and success. The text-based primary care platform now has more than 240 commercial partnerships—accounting for three million members—with prominent brands including Banner|Aetna, Boeing, Circle K, Red Bull North America, Sam’s Club, and Teamsters Western Region and New Jersey Health Care Fund.
October 15, 2020 | Business Insider
Healthcare Startups Are Racing to the Public Markets. 98point6 Shares Why They Decided to Raise $118m From Private Investors Instead
The startup, which provides virtual primary care through text messaging, wasn’t actively seeking new funding, Cape said, so the new funds will be largely allocated to funding research and development of new tools and features, specifically in behavioral health.
October 15, 2020 | GeekWire
Virtual Primary Care Startup 98point6 Raises $118m as Pandemic Sparks Demand for Digital Health Tech
Demand is through the roof for Seattle telemedicine startup 98point6. The company, which helps facilitate virtual primary care appointments, has seen its membership base skyrocket 274% this year as people look for medical advice without going to a physical doctor’s office during the pandemic.
October 15, 2020 | The Wall Street Journal
Investors Bankroll Virtual-Care Startup 98point6 With $118 Million
Investors are bankrolling virtual primary-care startup 98point6 Inc. with $118 million, betting on a company whose business has surged this year along with rising demand for telehealth services.
