First Round is a seed-stage venture firm focused on building a vibrant community of technology entrepreneurs and companies, including Uber, Square, and Warby Parker. Through custom-built software, incredible in-person experiences, and a host of other unique services, First Round helps tiny companies get big while constantly reimagining the role of venture capital. It offers a growing number of services and products to help founders build companies from scratch. First Round has adopted the Diversity Term Sheet Rider.

First Round Capital

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

SV Angel is a San Francisco-based venture fund. Their experience spans helping companies like Airbnb, Coinbase, Databricks, DoorDash, Faire, Flexport, GitHub, Notion, Pinterest, Snap, Square, and Stripe Scale. Over the last 30 years of investing, their core values of trust, loyalty, and integrity along with a founder-first approach have driven our strategy. They are a service organization, investing in founders who share these values. They support entrepreneurs in building lasting companies by assisting at key inflection points and leveraging networks to help them propel their businesses forward.

SV Angel

BoxGroup is an early-stage investment fund that invests in technology companies. The fund aims to invest in the consumer, enterprise, fintech, healthcare, life science, and marketplaces industries at the earliest stage, as early as pre-seed round and as late as Series A. It supports companies based on a conviction in the team and seeks entrepreneurs working at the beginning of movements in existing markets or new markets yet to be created and with visions to create the next generation of category-defining businesses. Their typical investment ranges from $200,000 to $500,000. Adam Rothenberg and David Tisch founded BoxGroup in 2009 in New York, New York.

BoxGroup

Operator Partners invests in early-stage technology companies and founders. The firm was founded in 2020 and is headquartered in New York, United States.

Operator Partners

Allen & Company is a family-owned investment and advisory firm. The firm advises on M&A and capital raises, with an emphasis on the technology, media, healthcare, and sports sectors. Allen & Company was established in 1932 and is headquartered in New York, United States.

Allen & Company

Stripes is a growth equity firm that invests in software and consumer businesses. Stripes’ software practice invests in leading horizontal and vertical software platforms servicing customers from SMB to Enterprise. It was founded in 2008 and headquartered in New York, United States.

Stripes

Pomelo Care

Pomelo Care is the national leader in evidence-based maternity care. Pomelo provides care and high-touch support for women during preconception, pregnancy, birth, postpartum, and their infant’s first year. Pomelo's care model consists of virtual, round-the-clock clinical care coupled with in-person doula care. This unique combination of national scale and on-the-ground community support is proven to address key medical, behavioral, and social factors that improve maternal and infant health. Through data science and machine learning, Pomelo identifies and manages risks to dramatically improve health outcomes and reduce avoidable costs. Pomelo works with employers and commercial and Medicaid health plans.

New York-based Pomelo Care provides virtual healthcare services for fertility, pregnancy, and newborns (up to one year postpartum) through dedicated and multidisciplinary teams. The company offers a range of services such as primary and specialty women’s care, educational content, peer group care, pediatric care, nutritional counseling, doula and labor support, behavioral treatment, and care navigation services. These services are delivered by care teams that utilize evidence-based protocols and novel care programs to provide these services via text, phone, and video consultations.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

Pomelo Care acquires the Doula Network to offer hybrid maternity care model

New York-based Pomelo Care provides virtual healthcare services for fertility, pregnancy, and newborns (up to one year postpartum) through dedicated and multidisciplinary teams. The company offers a range of services such as primary and specialty women’s care, educational content, peer group care, pediatric care, nutritional counseling, doula and labor support, behavioral treatment, and care navigation services. These services are delivered by care teams that utilize evidence-based protocols and novel care programs to provide these services via text, phone, and video consultations.The company works on a B2B2C process, where it works with health plans to provide its services to member populations at no cost. As of <a href="https://finance.yahoo.com/news/maternity-care-provider-pomelo-care-145553954.html">June 2024</a>, the company covers 3 million lives across 46 US states.In <a href="https://sp-edge.com/updates/33932">September 2024</a>, the company acquired the Doula Network, the largest network of credentialed, in-network doulas in the US, for an undisclosed sum. With this acquisition, Pomelo Care planned to fully integrate the Doula Network to offer a hybrid model of care, combining unlimited virtual care delivered by a multidisciplinary team with in-person doula support. The integration also aimed to expand access to high-quality maternity care and improve patient care coordination. Pomelo grew its covered lives to over 15 million post-acquisition, including over one in six Medicaid beneficiaries nationally.Key customers and partnershipsIn <a href="https://www.fideliscare.org/Provider?id=939">June 2024</a>, the company partnered with Fidelis Care to provide free 24/7 online pregnancy and infant care to eligible members.In <a href="https://www.businesswire.com/news/home/20230608005211/en/Pomelo-Care-Secures-33M-Partners-with-Leading-Health-Plans-Employers-and-Academic-Medical-Centers-to-Deliver-Value-Based-Care-and-Improve-Maternal-and-Newborn-Health">June 2023</a>, the company announced it had partnered with several leading health plans, including several Medicaid managed care organizations, employers, and leading academic medical centers. The partner entities include Mount Sinai Health System and Penn Medicine.

Nice healthcare is a virtual and in-home primary care provider that offers a suite of healthcare services to small and medium-sized businesses, including primary care, mental health therapy, and physical therapy. Nice healthcare operates on a fixed monthly fee per member model, allowing employees to access unlimited care without additional out-of-pocket costs. The company provides virtual consultations through its app, as well as in-home visits for physical exams, lab tests, and X-rays.&nbsp;As of <a href="https://www.nice.healthcare/locations">August 2024</a>, Nice Healthcare was operating in 12 states: Arizona, Colorado, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, Oregon, Utah, Washington, and Wisconsin. The company's services covered <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">over 95%</a> of issues patients typically discuss with their clinicians, with <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">only 4%</a> of patients being referred to external specialists. The company employs nurse practitioners, registered nurses, physician assistants, and medical assistants to deliver care.As of <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care">August 2024</a>, Nice healthcare offered 35 free labs and physical tests as well as in-home imaging services and prescribed over 550 free medications that could be picked up at over 60,000 pharmacies nationwide or delivered to patients' homes.&nbsp;Key customers and partnershipsIn <a href="https://www.prnewswire.com/news-releases/getlabs-and-nice-healthcare-partner-to-expand-access-to-virtual-healthcare-services-and-at-home-lab-testing-301813668.html">May 2023</a>, Nice Healthcare announced a partnership with Getlabs, a provider of at-home diagnostic collections. This collaboration aimed to expand access to in-home healthcare services and lab testing, allowing Nice healthcare patients to benefit from a more comprehensive suite of diagnostic tests.

Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

Dialogue is a leading virtual care and well-being platform that provides comprehensive health services to organizations and their employees. Founded in 2016, the company offers an integrated health platform that centralizes various health and wellness programs in a single application, accessible <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">24/7/365</a>. Dialogue's services include primary care, mental health support, employee assistance programs, and wellness initiatives. As of <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, Dialogue's platform was accessible to around 6 million Canadians, representing approximately 15% of the country's population.The company saw significant growth in <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, with a 34% increase in consultations across all aspects of well-being in 2023 compared to the previous year. Mental health consultations, in particular, saw a 67% increase.&nbsp;In <a href="https://www.newswire.ca/news-releases/dialogue-enters-into-license-agreement-with-sun-life-u-s--824463104.html">July 2023</a>, Dialogue was acquired by Sun Life for an undisclosed sum, expanding its reach beyond Canada. This expanded service reach was estimated to cover an additional 600,000 members in the US. The acquisition was completed in <a href="https://www.sunlife.com/en/newsroom/news-releases/announcement/sun-life-completes-the-acquisition-of-dialogue-canadas-premier-health-and-wellness-virtual-care-platform/123792/">October 2023</a>, with Dialogue continuing to operate as a standalone entity.Key customers and partnershipsThe company has partnerships with major insurers and benefits providers to offer its services as part of employee benefits packages. Additionally, the company noted that, as of <a href="https://www.dialogue.co/en/pricing">August 2024</a>, it worked with over 50,000 companies across Canada to provide its services to employees.

Dialogue

Grin offers telemedicine and remote monitoring services for orthodontic needs such as braces and teeth straightening. Patients can conduct self-scans (using a Grin device made available to patients in collaboration with 3M) which can be connected to their smartphones and share the feed with orthodontists to access dental solutions. The company plans to go to a subscription-based model after the pandemic. The app also encourages patients to have a 40-second check monthly and share the scan with a dentist in order to allow patients to regularly maintain their dental hygiene.Grin is the only Telehealth disruptor covered on the hub that provides virtual orthopaedic consultations.Funding and financialsIn April 2021, the New York-based teledental platform concluded a seed funding of USD 14 million, and the funds will be allocated to develop additional functionalities by building out its technology. The proceeds will also be used to scale up its team, expand its geographic footprint, and add doctors to the company’s orthodontic partner network.

Grin

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates.

A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists.

A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app.

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers.

Companies that use GenAI as a core part of their product offering for Telehealth

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

ANALYST_QUICK_TAKE

<div>
 
 Virtual maternity care provider, Pomelo Care, has purchased the Doula Network, which is the biggest network of certified, in-network doulas in America. The details of the deal were not disclosed.
 This acquisition is part of Pomelo Care's plan to fully incorporate the Doula Network and provide a fusion model of care. This model will offer unlimited virtual care from a team of different healthcare specialists and in-person aid from doulas. This merger aims to increase the availability of high standard maternity care and enhance patient care coordination.
 Following the acquisition, Pomelo increased its insured members to more than 15 million, which includes more than one-sixth of Medicaid beneficiaries nationally.
 
</div> Analyst Quicktake: 
 In <a href="https: 
//sp-edge.com/updates/30652"> June 2024 </a> , Pomelo Care raised USD 46 million in Series B funding to expand its virtual maternal care offerings. At the time of the fundraise, the company noted that it planned on advancing its partnerships with various insurance providers nationwide.

Pomelo Care

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