Participated · Equity · Nov 2022

DispatchHealth is a provider of in‑home medical care that enables patients and their care partners to request services via phone, mobile app, or website. A medical team can arrive within two hours and is equipped to perform high‑acuity medical care in the home. The company operates in the hospital‑at‑home care space. Financially, DispatchHealth recently raised $330M to support its operations and growth. The raise included participation from both existing and new strategic investors, reflecting broad payer and investor interest in home‑based acute care. DispatchHealth delivers on-demand acute medical care and an advanced level of home-based care through mobile medical teams equipped to treat common to complex injuries and illnesses. Its platform offers acute care seven days a week, evenings and holidays, and can be requested via app, online or phone. Advanced Care provides a hospital-at-home substitute with an internal-medicine-trained physician, a physician assistant or nurse practitioner, 24/7 physician coverage with remote monitoring, an emergency call button and daily bedside nursing visits. The company works with payers, providers, health systems, EMS and employer groups to reduce unnecessary ER visits, hospital stays and readmissions. Launched in 2013 and led by CEO Dr. Mark Prather, DispatchHealth plans to expand its in-home platform to a total of 100 markets and scale its Advanced Care service across the United States. Its most recent financing raised the company’s valuation to $1.7 billion. DispatchHealth provides on-demand acute care and advanced medical care for patients of all ages via emergency medicine and internal medicine-trained medical teams. Teams are equipped with the tools needed to treat common to complex injuries and illnesses and typically arrive within two hours after a request via phone, mobile app or website. Examples of care include IV fluids for dehydration, laceration repair, and higher-level interventions for asthma, COPD or congestive heart failure exacerbations. The company works closely with payers, providers and health systems to deliver care in the home and reduce unnecessary emergency room visits, hospital stays and readmissions. Acute care medical teams are available seven days a week, including evenings and holidays, and DispatchHealth is partnered with most major insurance companies. The company says it will use the funds to expand operations and its business reach. DispatchHealth is a Denver-based on-demand health care delivery company that provides in-home care through board-certified medical teams. Led by Dr. Mark Prather, these teams are equipped to treat common to complex injuries and illnesses for patients of all ages and are available during days, evenings, weekends and holidays. Patients request visits via the company's app, online or by phone, and after treatment DispatchHealth sends notes to patients' primary care physicians, senior living communities when applicable, and the patient. The company collects data from hundreds of patients seen each day nationwide to identify care trends and social determinants of health. DispatchHealth works with payers, providers and health systems and is partnered with most major insurance companies. After closing a $33M growth financing, the company plans to expand to additional U.S. locations, broaden treatment capabilities for patients with high medical needs and accelerate investment in its mobile application and logistics platform. DispatchHealth provides on-demand, on-site healthcare services delivered in the home, senior care facility, or office. Founded in 2013 by Dr. Mark Prather and Kevin Riddleberger, the company operates in Denver, Boulder, Colorado Springs and Phoenix. Patients request care via a mobile app, the DispatchHealth website, or by phone and are connected to emergency-trained providers supported by the company's technology infrastructure. Providers are prepared to handle everything from minor illness and injury to more complex clinical cases. The company secured $30.8m in funding and intends to use the capital to scale its technology-enabled healthcare delivery platform. Additional service areas were slated to be announced in the fourth quarter of 2017.

Participated · Series B · Aug 2021

Founded in 2015 and based in San Francisco, CA and Cambridge, MA, Cricket Health delivers value-based care for patients with chronic kidney disease and ESKD. Its StageSmart™ predictive analytics model identifies patients in stage 3b and beyond with 96 percent accuracy, enabling risk stratification for plans and providers. The company provides stage-specific care through MyCricket™, a comprehensive patient support service that includes a multidisciplinary care team, peer support, and virtual, telephone, or in-person resources. Cricket Health reports that its evidence-based approach increases transplant referrals, raises utilization of home dialysis, and reduces unnecessary hospitalizations for patients who progress to ESKD. The company intends to use the new funding for rapid expansion to meet demand for its care model across the United States. With the Series B, Cricket has raised more than $120 million in equity and debt financing to date. Cricket Health provides personalized, evidence-based care for chronic kidney disease (CKD) and end-stage renal disease (ESRD) through a multidisciplinary care team. The company partners with payers and providers to identify at-risk patients, intervene early to slow disease progression, and educate patients about treatment options. If patients progress to ESRD, Cricket supports transplant, home dialysis, conservative care, or in-center dialysis. Cricket has signed payer deals in California with Blue Shield of California and Cigna and says it serves patients in current markets including California and Texas, with plans to expand to other states. In October 2020 the company received $15 million in debt financing from K2 HealthVentures to support growth, add payer customers, and support more nephrology practices. Founded in 2015 and based in San Francisco and Cambridge, Cricket's leadership includes experts in nephrology, health care, and technology. Cricket Health provides tech-enabled integrated nephrology and dialysis care to CKD and ESRD patients, working with risk-bearing payers and health systems to identify high-risk patients before kidney failure. Founded in 2015 and based in San Francisco, the company focuses on preserving kidney function and delaying progression to dialysis. Its care model combines a nephrology practice (remote, in-person, and at-home care), a multidisciplinary care team, patient education and 24/7 peer and clinical support technology, and dialysis delivered at home or in redesigned centers. Treatment priorities include slowing kidney-failure progression, keeping patients out of the hospital, ensuring prepared transitions, and supporting patients on any ESRD treatment path. Cricket plans to use new funding to expand tech-enabled programs and its clinical presence, further develop care management for ESRD patients to delay dialysis, and create new home dialysis and in-center programs. Recent leadership additions include Chief Medical Officer Carmen A. Peralta, MD, MAS, and Chief Business Officer Danny Shapiro; medical advisors include Glenn Chertow, Michael Shlipak, and Joel Glickman. Cricket Health provides scalable solutions for patients managing advanced-stage CKD and ESRD, including patient education and clinical support. Its first product, Health Options Patient Education (HOPE), connects advanced-stage CKD patients to content, clinical expertise and a network of healthcare professionals, peers and mentors. The company is also developing machine-learning algorithms to identify persons with CKD within hospitals' electronic health record data. In addition, Cricket is building knowledge-rich decision-support systems to improve CKD management across the patient journey. Leadership includes co-founder and CEO Arvind Rajan and co-founder Vince Kim. The company completed a $2.5M seed funding round reported in October 2016.

Participated · Series B · Jun 2021

Brightline delivers virtual behavioral health services built specifically for children, teenagers, and their families, using multidisciplinary care teams and evidence-based programs. The company emphasizes a family-focused approach and provides care across a broad range of needs nationwide. Brightline plans to expand access to care by coordinating with ecosystem partners for specialized care and by innovating its care model with interactive content interventions and expanded care modalities. It also intends to develop next-generation employee benefits and grow tailor-made services for teenagers. Led by CEO Naomi Allen, Brightline brings care to families when and where they need it. Financially, the company has been raising venture capital, most recently through its Series C financing. Brightline is a virtual behavioral health solution built specifically to care for children, teenagers, and their families, offering a digital on-demand platform called Connect alongside coaching programs and clinical services. Its clinical offerings include behavioral therapy, evaluation, medication support, and speech therapy, and its services are available in all 50 states. Brightline partners with health plans and employers, including Aetna, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Sequoia, Stanford University, and others, and currently serves 50 employers. The company covers over 24 million health plan lives and had plans to reach more than 50 million health plan lives in 2022. After raising a $105M Series C, bringing total funding to over $200M, Brightline intends to expand operations and business reach and continue providing employee benefits. It plans to innovate its care model with interactive content and expanded care modalities and to expand tailored services for teens and specialty programs supporting caregivers of children with Autism Spectrum Disorder and youth who identify as LGBTQ+ and/or BIPOC. Brightline provides technology-enabled behavioral health care specifically for children, teens, and their families, delivered via multidisciplinary care teams and a family-focused, evidence-based model. The company combines clinical care with innovative technology to address a range of common pediatric behavioral health challenges. Led by CEO and co-founder Naomi Allen with co-founder Giovanni Colella, MD, Brightline was founded in 2019 and is based in Palo Alto, CA. Its care model emphasizes family-centered approaches and multidisciplinary teams. Brightline intends to use the new funding to scale care across the country. Financially, the company has now raised nearly $100 million to date. Brightline delivers integrated, technology-enabled pediatric behavioral health services through virtual care and a mobile app, offering behavior therapy, psychiatry, speech-language therapy, parent coaching, clinician-led classes, and digital treatment programs. The company launched four months ahead of schedule during the COVID-19 pandemic to expand urgently needed telehealth services to families. Brightline plans to expand telehealth capabilities and treatment programs, enhance its technology and innovations, and grow its team to support children and families across additional states. The company announced a $20 million Series A to support those efforts. Brightline emphasizes a cross-disciplinary, family-focused model with integrated clinical teams and coaching support for parents. Founded in 2019 and headquartered in Palo Alto, CA, Brightline was started by Naomi Allen and Giovanni Colella. Emilio Health combines in-person, child-centered clinics with a digital platform for scheduling, progress tracking, and tele-therapy to simplify behavioral health care for children and caregivers. The company deploys multidisciplinary teams, clinically validated treatment plans, and a collaborative care model that connects therapists, physicians, families, and schools. Emilio targets the roughly 17 million U.S. children who suffer from behavioral health issues and emphasizes improving access, coordination, and quality of care. The platform is coach-enabled and intended to support families across developmental stages with both in-person and virtual interventions. The company plans to launch its first clinics and its digital platform using proceeds from the seed round and to continue building its leadership team. Emilio was founded in 2019 and is headquartered in Palo Alto, CA.

Participated · Series B · May 2019

Cardinal Analytx Solutions is a Palo Alto-based, AI-enabled health insights company spun out of StartX in 2017. Founded by Stanford professors Drs. Arnie Milstein and Nigam Shah and led by CEO Linda T. Hand, the company combines AI-enabled data science with health insights to identify people at high risk of rising cost and worsening health. It can predict specific types of high-cost, high-acuity events well in advance and match members with interventions and higher-value providers. Cardinal partners with health plans, employers and providers across the nation and has completed multiple pilots. Earlier this year it announced its first multiyear customer, Premera Blue Cross. The company plans to use the new funding to extend its lead in machine learning through investments in talent and technology. Cardinal Analytx Solutions builds advanced machine learning and AI-driven predictive analytics to identify impending healthcare costs and flag potential high-expense health plan enrollees. The company's platform provides targeted clinical recommendations designed to improve patient outcomes and contain costs. Cardinal Analytx was spun out of the Stanford-affiliated StartX accelerator and is led by CEO Thomas McKinley. It was co-founded by Stanford professors Arnie Milstein and Nigam Shah, who bring managed care and biomedical data science expertise. The company is based in Palo Alto, California. Cardinal Analytx recently completed a Series A financing to support product and team expansion.

Participated · Series C · May 2019

Solera Health operates the HALO platform, a marketplace that connects payers, employers, and individuals to clinically validated digital health applications and turnkey programs. The company plans to expand the Solera HALO platform by building the HALO Cloud to unite its network of point solutions and simplify integration of hundreds of digital health applications. Solera has recently added virtual specialty care and solutions targeting cardiometabolic conditions such as hypertension, high cholesterol, diabetes prevention, and weight management. It also announced a strategic collaboration with professional services firm Aon to enable employers to deliver personalized health experiences and engage high-risk employees. Leadership changed when John Santelli, who joined in March 2024, transitioned from interim CEO to chief executive officer and intends to deepen integration into customers’ operations. Financially, Solera announced $40 million in new funding to support product expansion and operational scaling of its HALO technology and services. Solera Health is a Phoenix, AZ-based platform that supports an ecosystem of community and digital partners matching health plan members to chronic disease prevention and management, social determinants of health (SDOH) and behavioral health. Led by CEO Brenda Schmidt, the company serves as an integrated benefit network that connects patients, payers and physicians with community organizations and digital therapeutics providers. Solera consolidates fragmented programs and services into a single marketplace, allowing health plans and medical providers to increase consumer participation while lowering associated costs. The company raised $42M in Series C financing, bringing total funding to date to $72M. It intends to use the funds to address behavioral health and SDOH needs such as food insecurity, medically tailored meals, transportation, falls prevention and social isolation. Over the past 12 months Solera has expanded its network to support a broader array of lifestyle modification programs, including diabetes management, hypertension, stress, sleep, tobacco cessation and weight management. Solera Health provides integrated chronic disease prevention services that connect patients, payers and physicians with community organizations and digital therapeutics providers. It consolidates fragmented programs and services into one integrated network to increase consumer participation and lower associated costs for health plans and medical providers. Solera has built a national network of community organizations and digital DPPs including Weight Watchers, Lark, Retrofit and Noom. Since launch the company has grown to over 70 employees and has over 40 million covered lives under contract. Led by CEO Brenda Schmidt and based in Phoenix, AZ, Solera intends to use the new funding to expand its offering and business reach. The company has raised $30.3M in total to date. Solera Health is a technology-enabled personalized preventive health network that operates a marketplace connecting U.S. adults at risk for type 2 diabetes with CDC-recognized Diabetes Prevention Programs (DPPs). Led by CEO Brenda Schmidt and based in Phoenix, AZ, the company aggregates more than 850 digital, national, and community-based DPPs into one integrated network. Its national model was designed to consolidate fragmented programs and services to increase consumer access and participation while lowering associated costs for health plans and medical providers. Strategic partnerships include HealthSlate, Blue Mesa Health, Noom, Retrofit, Canary Health, Weight Watchers and organizations such as the Black Women Health Imperative. The company has raised $7M in total funding and recently closed a $4M Series A1 round. Solera will use the new funds to scale operations for the National DPP as a covered health benefit. Solera Health operates a proprietary SaaS platform that connects a national network of local community organizations and digital solutions to deliver chronic disease prevention programs. The platform supports administration and streamlining of National Diabetes Prevention Program (DPP) referrals, reimbursement and payment management, and aggregation of data and reporting. Its services simplify enrollment and support consumer engagement and choice for DPP offerings led by the CDC. The company is led by founder and CEO Brenda Schmidt and is based in Phoenix, AZ. Solera positions itself as a technology-enabled integrator across local and digital program providers to increase access to prevention services. It plans to use recent funding to advance its technology platform and scale operations.