Led · Equity · Aug 2020

Amwell operates a telehealth platform and app that connects patients to board-certified medical providers for on-demand or scheduled visits, offering 24/7 support across urgent, acute, post-acute, chronic care management, and healthy living. The company provides a single, comprehensive platform used by over 2,000 hospitals, 55 health plan partners, and more than 36,000 employers, covering over 80 million lives. Amwell was founded in 2006 by Ido Schoenberg and Roy Schoenberg and positions digital care delivery as a transformative force in healthcare. The company has filed for an IPO and reported revenue growth of 77% in the first six months of 2020 (from $69M to $122M), while its net loss nearly tripled over the same period (from $41M to $111M). As part of a new multi-year strategic partnership with Google Cloud, Amwell plans to migrate parts of its business and video performance capabilities to Google Cloud and to cooperate on technology and a dedicated sales effort to expand its footprint. Amwell is a telehealth platform serving the United States and global customers, led by CEO Ido Schoenberg. The company offers a comprehensive platform supporting urgent to acute and post-acute care, chronic care management, and healthy living. It powers telehealth solutions for over 240 health systems made up of 2,000 hospitals, 55 health plan partners, and more than 36,000 employers. Amwell closed a Series C financing to bolster its financial position and support growth. The company said it will use the funds to expand its investment in technology and services. The business connects and enables providers, insurers, patients, and innovators across its platform. American Well operates a telehealth platform and the Amwell consumer app that connects users with doctors via live video. The company serves major hospitals and health plans as well as individual consumers. It plans to use newly raised funds to expand its virtual doctor business. In April 2018 American Well acquired Avizia, a telehealth provider that at the time powered over 1,300 hospital deployments in more than 38 countries. The company was founded in 2006 and is headquartered in Boston, MA. The articles report the company raised over $290m in funding in mid‑2018.