GV supports innovative founders moving the world forward. We invest across the life sciences, consumer, enterprise, crypto, climate, and frontier technology sectors. With Alphabet as a sole limited partner, GV operates on long time horizons and deals in decades, not rounds. Our operating partners support startups at the earliest stages of company-building across design, equity, diversity & inclusion, talent, and engineering. We also help startups interface with Google, providing unique access to the world's best technology and talent. Launched as Google Ventures in 2009, GV has over $8 billion in assets under management and 400 active portfolio companies across North America and Europe. Notable investment outcomes include Uber, Nest, Slack, GitLab, Duo Security, Flatiron Health, Verve Therapeutics, and One Medical. GV is headquartered in the San Francisco Bay Area, with offices in Cambridge, New York, and London.

Google Ventures

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

Rock Springs Capital is an investment company situated in Baltimore, Maryland. The company specializes in offering advisory services, primarily focused on managing security portfolios and providing portfolio management solutions to businesses and institutional clients. Through its advisory activities, Rock Springs Capital aims to assist clients in optimizing their investment strategies and achieving their financial goals.

Rock Springs Capital

Viking Global Investors is an investment firm that uses fundamental analysis to select investments across industries and geographies. It is a global investment firm managing more than twenty billion in capital across long-short equity and long-only strategies. The firm was established in 1999 and is headquartered in Greenwich, Connecticut, with offices in New York City, Hong Kong, and London.

Viking Global Investors

F-Prime's roots are in one of America’s great entrepreneurial success stories. Fidelity Investments was founded in 1946 and grew from a single mutual fund into one of the largest asset management firms in the world, with over $2 trillion in assets under management. For the last forty years, this venture capital group has had the privilege of backing other great entrepreneurs as they built ground-breaking companies in technology and life sciences, including Atari, MCI, ROLM Corp., Alibaba, Ironwood Pharmaceuticals, and Ultragenyx.  Today, F-Prime's funds are larger and more global, but its teams are still small and local. F-Prime stays true to its entrepreneurial roots. In the US and Europe, F-Prime Capital Partners is investing in healthcare (formerly Fidelity Biosciences) and in technology (formerly part of Devonshire Investors). In other geographies, its sister fund is called Eight Roads (formerly Fidelity Growth Partners), with investment teams in London, Shanghai, Beijing, Hong Kong, Tokyo, and Mumbai.   Together F-Prime brings a world of insight, domain expertise and relationships to support entrepreneurs. Without the pressure of fundraising from outside investors, F-Prime Capital Partners focuses all of its time finding and helping great entrepreneurs build important companies.

F-Prime Capital

Patina

We believe everyone should have the opportunity to live their best lives and age with dignity.  That’s why we’re reinventing primary care with an approach designed to profoundly improve the healthcare and aging experience for older adults and their loved ones.

<div>Patina Health offers a mobile app-based primary care solution for seniors that facilitates sharing of real-time information on medical records as well as photos and videos while allowing patients to ask questions and schedule virtual visits. It connects patients with its medical care teams as well as family members and caregivers. The platform is powered by an analytics platform and is developed in partnership with Patina Medical Group, a clinical solution provider for Medicare Advantage plans. </div>

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

<div>Patina Health is a virtual direct primary care provider for seniors aged 65 years and above. Patina Health&rsquo;s mobile app-based solution connects users with their own, on-demand care team. The care team is led by a user&rsquo;s primary care physician and includes a nurse practitioner, health champion, behavioral health specialist, as well as other clinicians based on an individual&rsquo;s needs. Users can view and share medical records, photos and videos, ask questions, receive advice, or schedule virtual consultations via the mobile app.&nbsp;</div>

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Patina Health

<div>
 
 Patina Health offers a mobile app-based primary care solution for seniors that facilitates sharing of real-time information on medical records as well as photos and videos while allowing patients to ask questions and schedule virtual visits. It connects patients with its medical care teams as well as family members and caregivers. The platform is powered by an analytics platform and is developed in partnership with Patina Medical Group, a clinical solution provider for Medicare Advantage plans. 
 
 
 In October 2021, the company emerged from stealth and raised USD 57 million in a Series A funding round co-led by Andreessen Horowitz and GV. The funds were expected to be directed towards launching its in-home and virtual care services in collaboration with Medicare Advantage health plans in early 2022.
 
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<div>
 
 Honor provides a platform for elderly persons and their families to find home care providers, and is one of the largest on-demand home care companies in the US. The company employs machine learning algorithms to its platform to optimize caregiving services.The company also partners with multiple independent homecare agencies and had over 40 home care agencies partnered as of October 2020. Its services were offered across six states (California, Texas, New Mexico, Arizona, Ohio, and Michigan) as of October 2020.
 
 
 Honor generates a share of the revenue from the agencies by taking over a share of the agencies’ billing, hiring, training, and scheduling functions. Through these partnerships, Honor is able to expand the reach of its professional caregiver market, and scale its business. Honor raised USD 140 million in Series D funding led by Baillie Gifford in October 2020, and it intends to use the funds to expand into new markets and further invest in its care delivery platform. 
 
 
 In August 2021, Honor announced the acquisition of Home Instead, one of the largest home care providers in the US, at an undisclosed value. Following the deal, Home Instead is expected to operate as a subsidiary of Honor under the company’s original brand name led by its CEO Jeff Huber. 
 
 
 Home Instead provides a wide range of home care services to the elderly which includes companionship-based care, specific care solutions for dementia and Alzheimer’s, and live-in care. The company also provides home monitoring solutions including sensors, tablets, safety alarms and health apps. It partners with the Organisation for the Review of Care and Health Applications (ORCHA) to provide quality assured apps for psychological wellbeing, physical activity, and mental stimulation. 
 
 
 As of August 2021, it has around 90,000 caregivers serving at 1,200 locations across the US and global markets. Home Instead acquired UK-based online platform SuperCarers in June 2020. It connects professional caregivers to elderly people seeking at-home care. Prior to the acquisition, SuperCarers had raised a total of GBP 4.9 million (USD 6.6 million).
 
 
 The merged entity is expected to combine for over USD 2.1 billion home care services revenue. In combining Home Instead’s global reach with Honor’s technology platform, the companies intend to improve the efficiency of home care services and enhance the professional development of caregivers by providing them with better career opportunities.
 
 
 In October 2021, the company raised USD 70 million in Series E funding and USD 300 million in debt financing. The equity funding round was led by Baillie Gifford, valuing Honor at USD 1.25 billion, while the debt financing was led by Perceptive Advisors. The company intended to use the funds for team expansion (tripling its engineering and product team) and expanding the operations and technology of the Home Instead network. Prior to this funding round, Honor raised USD 140 million in Series D funding led by Baillie Gifford in October 2020.
 
 
 
 
 
</div>

Honor

<div>
 
 Eargo specialises in developing hearing aid and related services. Eargo has four products in its lineup: namely, Eargo Max, Eargo Neo HiFi, Eargo 5 and Eargo 6. The company&rsquo;s products are unique due to its design meant to keep the device invisible when plugged in.&nbsp;&nbsp;
 
 
 The products are priced between USD 1,850 (Eargo Max) and USD 2,950 (Eargo 6) and as per the company, are around half of the price of the hearing aids&nbsp; provided via traditional channels in the US. The Eargo Neo range comes alongside an app and offers connected smart features such as audio personalization and control. The app allows the user to control the audio to suit their surroundings, customize settings, and contact Eargo's licensed hearing professionals for consultation and support.
 
 
 The company utilizes a business-to-consumer (D2C) online retail strategy compared to traditional business-to-business (B2B) model deployed by other manufacturers who sell their products through clinics. The strategy has proven beneficial through the Covid-19 pandemic as consumer footfall for brick-and-mortar clinics have declined.&nbsp;&nbsp;
 
 
 
 
 Funding and financials
 
 
 The company last raised funds in November 2022 when Patient Square Capital became the majority owner of Eargo through a conversion of its convertible notes. The gross proceeds from the transaction raised USD 32.5 million for Eargo, including an investment of USD 5.5 million by Patient Square Capital and an expense of USD 2.5 million in transaction-related expenses. The raised funds were set aside for working capital purposes and to fund Eargo's omni-channel growth strategy. 
 
 
 
</div>

Eargo

<div>
 
 K4Connect provides technology solutions to residents and staff members in senior living communities through its K4Community platform. The company was co-founded by Scott Moody who sold his fingerprint sensor technology company AuthenTec to Apple for USD 356 million in 2012, which then became the basis for Touch ID.
 
 
 The platform's offerings include digital voice and video communication, and&nbsp; community updates for residents. It also provides smart home automation through the provisioning of plug and play Alexa devices for residents and supports smart thermostats, smart lights, motion sensors, and sleep tracking devices. In addition, community staff members have access to tools for resident surveys, resident and family management, and communications. During the Covid-19 pandemic, the platform also established an expanded video chat service to facilitate resident-to-resident communication, staff requests, yoga classes, and dining room bookings. Further, in March 2020,&nbsp; it partnered with software communications firm Bandwidth to introduce a hotline for staff and residents as a means of keeping all parties up to date with community information.
 
 
 The platform is built on the company&rsquo;s patented operating system, FusionOS. The company claims that FusionOS is an advanced multi-modal edge-cloud architecture, the first of its kind in the senior living industry. Residents and staff can access the platform using a smartphone app or pre-provisioned tables in the living communities priced on a per-resident basis.
 
 
 As of July 2020, the platform served over 800 independent and assisted living senior living communities across the US. The platform serves over 29,000 users at more than 125 senior living communities across 27 customers as of February 2020, more than doubling its users from 2018, which it expects to repeat in 2020. The company has established channel partnerships with Allbridge (a data, video and voice solution provider for senior living) in July 2020, and Eskaton (a senior services provider) and White Horse Village (a continuing care retirement community) in May 2019. It collaborated with GlobalLogic (a digital product engineering company) in July 2020 to expedite the development schedule of&nbsp; its K4Community Plus app in response to Covid-19.&nbsp;
 
 
 
 
 Funding and financials
 
 
 In July 2023, the company raised 
 USD 8.9 million in a funding round co-led by Bryce Catalyst and AXA Venture Partners, with participation from other venture capital firms. The funds raised were set aside to drive adoption of its platform in senior living communities. Additionally, the company also planned to invest in its patented operating system offering and community engagement suite. After the funding round, Mike Weller joined the company as COO. 
 
</div>

K4Connect

<div>
 
 CarePredict was founded by Former IBM consultant and tech veteran, Satish Movva, and produces Tempo smart wearables for the elderly community. Using machine learning (ML), the company claims the app can reduce the chance of a fall, and predict urinary tract infections (UTIs) and depression ahead of a clinical diagnosis. The device aims to assist caregivers in taking preventive action by detecting activities and behaviors which are precursors to health declines. The data from the device can also be shared with family members.&nbsp;&nbsp;
 
 
 The company generates revenue from device sales and subscriptions. Independent research conducted in September 2020 indicated that facilities using CarePredict&rsquo;s wearables reported 40% fewer hospitalizations 69%, lower fall rates, 67% increased length of stay, and a 37% improved staff response rate than facilities that did not use CarePredict.&nbsp;
 
 
 The company expanded its operations in 2018 through its acquisition of WiseWare, a company selling activity-tracking jewelry for older users. In April 2020, it launched the PinPoint contact-tracing tools to mitigate the spread of Covid-19.&nbsp;
 
 
 Key customers and partnerships
 
 
 In February 2021, the company &nbsp;announced its partnership with Middle Alabama Area Agency on Aging (M4A). M4A is the agency behind the &ldquo;Providing Alzheimer's N' Dementia Assistance&rdquo; (PANDA) project. The company will be the first tech platform to be part of the project and will provide caregivers assistance in remote monitoring and preventive care using its smart wearables. 
 
 
 Funding and financials
 
 
 In July 2023, CarePredict raised USD 29 million in a Series A-3 funding round co-led by Aspire Healthtech Partners and SV Health Investors' Medtech Convergence Fund. The funds were set aside to be used to expand the company&rsquo;s operations and market presence.
 
</div>

CarePredict

<div>
 
 Eversound develops wireless headphone systems to enhance the level of engagement and social interaction for the elderly living in assisted living or memory care centres. The platform provides a library of programmed content on a variety of topics. The headphone system can be used to communicate with caregivers, during group events, family visits, and for music therapy. The headphones are equipped with a wireless transmitter and volume controls. It connects to external audio sources such as community A/V systems, televisions, and audio devices.&nbsp;
 
 
 The product was unveiled in May 2016. In a subsequent six month study conducted by LCB Senior Living community, group events leveraging the Eversound system resulted in an 18% reduction of residents falling asleep and a 28% increase in engagement during group events. In December 2016, the company expanded to 18 states across the US.
 
 
 In March 2020, as a part of its Covid-19 response, the company launched a live streamed, interactive content service to help seniors combat isolation. Further, as in-person visits at assisted living communities were interrupted due to the Covid-19 pandemic, the use of Eversound&rsquo;s visitation package proved to be crucial for socially distanced in-person visits.
 
 
 As of December 2020, the company&rsquo;s product is being used in more than 700 senior living communities across the US. Its clients include senior living communities such as Brightview, Commonwealth, and Oakmont. In addition, Eversound has established partnerships with senior living communities (such as The Arbor Company,&nbsp; Bridges by EPOCH, Christian Horizons, and Kisco) to roll out its devices for family visitations, and programmable and live streamed content.
 
 
 
</div>

Eversound

Many devices that help seniors operate independently and receive remote treatment use IoT

Offers digital platforms that support the wellness of the senior population

Some companies use VR to help treat seniors with conditions such as isolation and dementia

Tech-enabled equipment or companionship services that help elderly people function independently.

Platforms that match seniors with home care providers as well as app-based products to facilitate communication between senior families and caregivers

<div>
 
 Patina Health is a virtual direct primary care provider for seniors aged 65 years and above. Patina Health&rsquo;s mobile app-based solution connects users with their own, on-demand care team. The care team is led by a user&rsquo;s primary care physician and includes a nurse practitioner, health champion, behavioral health specialist, as well as other clinicians based on an individual&rsquo;s needs. Users can view and share medical records, photos and videos, ask questions, receive advice, or schedule virtual consultations via the mobile app.&nbsp;
 
 
 Founded in 2020, the Philadelphia-based company focuses on a relationship-based model designed exclusively around the needs of older adults. The company allows family members and caregivers to be part of the care team. They can participate in an individual&rsquo;s in-home and virtual consultations as well as receive health updates, test results, and can also communicate directly with the care team. The company&rsquo;s platform is powered by analytics and was developed in partnership with Patina Medical Group, a virtual and home-based care medical practice that offers clinical services for certain Medicare Advantage plan members.
 
 
 In October 2021, the company emerged from stealth and raised USD 57 million in a Series A funding round co-led by Andreessen Horowitz and GV. The funds were to be used to launch its whole-person in-home and virtual services to select Medicare Advantage health plans in early 2022.
 
 
 In March 2022, the company was chosen by Independence Blue Cross (the largest health insurer in Philadelphia) as its senior-focused primary care provider. Patina&rsquo;s services will be available to members of Independence Medicare Advantage that are registered in their HMO and PPO plans for seniors in 2022.
 
 
 
</div>

<div>
 
 Cardiomo Care offers noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The device can also conduct real-time wireless ECGs, track skin temperature, and detect falls. It also leverages AI to predict potential heart problems using cardiac signals.
 
</div>

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers five evidence-based, virtual prevention programs for managing hypertension, behavioral health, musculoskeletal (MSK) issues, obesity and prediabetes, and diabetes.&nbsp;Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose.&nbsp; By February 2022, Omada had more than 550,000 members from more than 1,700 enterprise clients across all 50 US states.&nbsp;Key Customers and PartnershipsIts B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit. In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.&nbsp;In May 2020, the company purchased virtual physical therapy startup Physera.&nbsp;Funding and FinancialsIn <a href="https://sp-edge.com/updates/8703">February 2022</a>, Omada concluded a USD 192 million Series E funding round to hire more employees, further expand its offerings, as well as to invest in its Omada Insights Lab, which uses health data for better chronic care delivery.

Omada Health

VillageMD is a provider of primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD’s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.The company carried out two major acquisitions in 2022, including the acquisition of chronic care management company Healthy Interactions and healthcare provider<a href="https://sp-edge.com/updates/14347"> Summit Health.</a> Summit Health’s USD 8.9 billion acquisition will allow the combined company to offer care services in more than 680 provider locations in 26 markets. In March 2023, it acquired <a href="https://sp-edge.com/updates/16968">Starling Physicians </a>for market expansion. Following the acquisition, VillageMD operates more than 700 primary care provider locations.Key customers and partnershipsIn June 2020, VillageMD and Walgreens announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%). More than half of these practices will be opened in medically underserved communities. Walgreens and VillageMD operated 200 co-located clinics, however in <a href="https://sp-edge.com/updates/22774">October 2023</a>, Walgreens announced plans to close 60 VillageMD clinics in 2024 as part of its cost-cutting plan.&nbsp;Fundings and FinancialsIn July 2020, the company raised USD 275 million in a corporate round from Kinnevik AB and Walgreens Boots Alliance. VillageMD remains a standalone company and it plans to conduct an initial public offering in 2022. It achieved a revenue of USD 1.3 billion by the end of 2021, increasing from USD 217 million in 2017.

VillageMD

<div>
 
 Cityblock is a tech-driven primary healthcare provider predominantly targeting less privileged communities (for Medicaid and lower-income Medicare beneficiaries). It offers personalized, around-the-clock primary care and behavioral care in partnership with health insurers and community-based organizations to bring care closer to people in underserved communities.
 
 
 Cityblock’s care delivery platform, “Commons,” connects patients with community health providers and leverages data from various sources such as electronic health records, insurance claims, health information exchanges, pharmacies, and through interactions with the platform for decision support in delivering care. The platform enables care providers to communicate and monitor a patient's progress via its virtual healthcare model. 
 
 
 The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan. As of March 2021, Cityblock catered to more than 70,000 patients. As of August 2021, the company was available in five states on the East Coast.
 
 
 Key Customers and Partnerships
 
 
 In September 2022, Cityblock Health partnered with Indiana-based healthcare company MDwise to open care clinics for its members. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC). 
 
 
 Funding and Financials
 
 
 Cityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in September 2021, valuing the company at USD 5.7 billion. The company plans to enhance accessibility to its services, increase its membership base, and expand its geographical presence to North Carolina and Ohio with the funds raised.
 
</div>

Cityblock Health

<div>
 
 Everside Health Group (formerly known as Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays. Focusing mainly on the B2B segment, Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination. The company charges a per-member-per-month fee from its enterprise clients, which includes self-insured employers and labor unions. The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.
 
 
 Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Everside filed its prospectus with the US Securities and Exchange Commission in July 2021 for its initial public offering (IPO). As of July 2022, the company is yet to be listed on the New York Stock Exchange under the ticker “EVSD.” 
 
 
 Funding and financials
 
 
 The company reported a revenue of USD 113 million in 2020, up 40% YoY, while net loss for the year improved to USD 2.9 million from USD 19.6 million in 2019. The DPC operates more than 375 clinics across 34 states and has served hundreds of thousands patients as of July 2022.
 
 
 The company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated towards  growing its market presence and exploring opportunities for M&A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.
 
</div>

Everside Health

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Patina Health

Age Tech

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Patina Medical Group and Independence Blue Cross announce partnership

Patina Health raises USD 57 million in Series A funding

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