Sequoia is a venture capital focused on energy, financial, enterprise, healthcare, internet, and mobile startups. The firm helps a small number of daring founders build legendary companies. It spurs them to push the boundaries of what’s possible. The firm seeks to invest in all sectors with a focus on energy, financials and financial services, healthcare and healthcare services, Internet, mobile, outsourcing, and technology.

Sequoia Capital

Lux Capital manages over $5 billion in assets focused on founding, seed, early-stage, and growth investments at the intersection of technology and the sciences. Lux takes an active role in helping entrepreneurs build successful businesses in high-growth sectors. Its investment team has built over 20 companies from scratch. Lux's investment strategy ensures portfolio companies are better connected, have a deeper insight, and command industry leadership faster than their competitors.

Lux Capital

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

Shrug Capital is a Venture capital firm that invests in consumer-based startups. Shrug Capital was founded in 2018 and headquartered in San Francisco, California.

Shrug Capital

Karman Ventures (fka Moving Capital) is a venture capital firm backed by early employees of Uber and other decacorn startups.

Karman Ventures (fka Moving Capital)

Metrodora Ventures is a venture capital firm that focuses on health and learning businesses. The firm was founded in 2020 by Chelsea Clinton and is headquartered in New York, United States.

Metrodora Ventures

Springbank Collective is an early-stage investment firm that focuses on the infrastructure that supports women and working families. The firm typically invests in seed and series A with check sizes between $250k and $1M. Springbank Collective was founded in 2019 and is based in New York.

Springbank Collective

Coalition Operators is a fund and operators network that invests in early stage startups.

Coalition Operators

The 7wire Ventures’ vision is to use the power of mobility, connected devices, the cloud, and sophisticated analytics to further advance industries like healthcare and education. We like to make a difference in things that matter.  The firm was founded on the concept of disrupting the status quo—supporting new ideas, technologies, approaches, and business models for solving society’s most important problems.  7wire Ventures provides funding and operating guidance to companies that challenge the “way things are done.” Through the creation of new businesses, investments in early and growth stage companies, and by complementing funds with insight and experience, we have a track record of transforming great ideas into world-class companies.

7wire Ventures

Leaps by Bayer invests in paradigm-shifting advances in the life sciences and specializes in the fields of biotechnology, agriculture, and scientific breakthrough. The firm's approach is making significant and sustained investments in disruptive biotechnologies that could have the greatest impact on humanity. It was founded in 2015 and headquartered in Leverkusen, Nordrhein-Westfalen.

Leaps by Bayer

Pivotal Ventures is an incubation and investment company to pursue projects, potentially, and ideas investments. The company also focuses on the military community, people with disabilities, communities of color, LGBTQ, and those in small towns and cities. Their strategies are guided by experts, data, and those with lived experience in their focus areas. Pivotal Ventures use philanthropic and investment capital to people, fund transformational ideas, and organizations. They also encourage and identify the adoption of proven approaches to progress in their areas of interest. The company has three main priorities such as fast-tracking women in sectors like media, tech, and government, mobilizing shareholders into pressuring companies and removing barriers to women’s professional advancement to make reforms in support of gender equality. Pivotal Venture was founded in 2015 and is headquartered in Seattle, Washington, USA.

Pivotal Ventures

Summer Health

Summer Health is the first step and ongoing tool for anyone navigating health concerns, offering timely text access to high-quality healthcare professionals who provide expert answers and reliable advice over text.

<div>Summer Health is a virtual care provider offering pediatric care services. The company operates a messaging platform, where parents can consult with board-certified pediatricians virtually within 15 minutes for various ailments ranging from coughs and colds to sleep training and feeding issues. Should patients require more hands-on care, the platform recommends nearby medical facilities based on the patient&rsquo;s location. As of April 2024, the company operated in all 50 states and provided its services on a subscription basis, charging users USD 36 or USD 64 per month.</div>

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

Telehealth

Summer Health locks down $11.65M for pediatric telehealth service

<div>
 
 Summer Health is a virtual care provider offering pediatric care services. The company operates a messaging platform, where parents can consult with board-certified pediatricians virtually within 15 minutes for various ailments ranging from coughs and colds to sleep training and feeding issues. Should patients require more hands-on care, the platform recommends nearby medical facilities based on the patient&rsquo;s location.
 As of April 2024, the company operated in all 50 states and provided its services on a subscription basis, charging users USD 36 or USD 64 per month.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Summer Health primarily serves parents and caregivers seeking accessible pediatric care. It targets families that require frequent and flexible healthcare support, providing a platform where they can receive reliable medical advice at any time. The company notes that since its inception, its services have been used by thousands of parents. 
 
 
 The company has partnered with OpenAI to integrate advanced AI tools developed by OpenAI to improve the efficiency and effectiveness of medical communication between healthcare providers and families. This partnership has enabled Summer Health to enhance its service delivery, making it more responsive and user-friendly for its clientele​. 
 
 
 
 
 
 
 
 Funding and financials
 
 
 
 
 
 In April 2024, Summer Health raised USD 11.65 million in a Series A funding round co-led by 7wire Ventures and Lux Capital. Other venture capital firms and notable investors participated, such as Sequoia Capital, a Melinda French Gates company, and Leaps by Bayer. The raised funds were set aside to augment its care distribution via consumer and business channels, tackle the prevalent scarcity of access to pediatricians, and diversify its care service offerings.
 
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<div>
 
 Nice Healthcare is a US based telehealth company with a focus on primary care services to business-to-business (B2B) clients. Once the employer signs its employees with Nice (at a cost of USD 30 to USD 36 per employee per month), employees do not have to incur out of pocket expenses for Nice services and can schedule virtual or home visits within the time frames specified by the company. It connects patients with practitioners through a mobile app over video calls or text messages. Members can also request home visits which will be completed within a few hours, as claimed by the company. As of March 2022, Nice was operating in twelve states, and had over 400 small and medium enterprises (SMEs).
 
 
 In March 2022, the company raised USD 30 million in Series A financing led by DNA Capital which has been earmarked to expand its platform&rsquo;s reach among small and medium businesses. Additionally, the company is hiring three members for its management team to support the continuing growth of the organization.
 
 
 
</div>

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

<div>
 
 Dialogue partners with employers and health insurers to offer telehealth services to their employees and members. The users have 24/7 access to doctors, nurses, and other healthcare professionals via audio, video, and chat options for wide arrays of physical and mental health needs, artificial intelligence-enabled (AI-enabled) triage, referrals, and prescription renewals. 
 
 
 The company launched its trademarked Integrated Health Platform in January 2021 to consolidate its virtual care, wellness programs, mental healthcare services, and Employee Assistance Program (EAP) onto a single platform. The company claims to be the only integrated health and wellness B2B platform in Canada. 
 
 
 Key Customers and partnerships
 
 
 Dialogue had direct relationships with over 2,000 customers across Canada and Germany as of December 2020 and served around 50,000 organizations through these partnerships. In addition, the number of members with access to the virtual platform topped 1 million in January 2021. 
 
 
 Fundings and financials
 
 
 As of March 2021, Dialogue was planning to raise CAD 100 million (USD 80 million) from an initial public offering that will be listed on the Toronto Stock Exchange under the ticker symbol &ldquo;CARE.&rdquo; 
 
 
 In Q2 2023, net losses reduced significantly YoY to CAD 5.8 million (USD 4.3 million) from CAD 8.4 million (USD 6.3 million) in Q2 2022. Top-line revenue met internal expectations, growing 17.2% YoY to CAD 25.5 million (USD 19.0 million), driven by &nbsp;an increase in new members (by 18.6% YoY), 
 an expansion of the attach rate as existing customers added more services, and full-quarter contributions from Tictrac.
 
 Dialogue Health has not provided any forward-looking guidance as the company has entered into an agreement to be 
 <a href="https://investors.dialogue.co/English/news/news-details/2023/Dialogue-to-be-Acquired-by-Sun-Life/default.aspx">
 acquired by financial services company Sun Life Financial
 </a>
 for a consideration of CAD 365 million (USD 270 million) or CAD 5.15 (USD 3.82) per share. The transaction is expected to close in Q4 2023. Post acquisition, Dialogue will delist from the Toronto Stock Exchange but will continue to operate as a standalone entity under the &ldquo;Sun Life Canada&rdquo; brand from its head office in Qu&eacute;bec. 
 
 
 
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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. 

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

<div>
 
 Summer Health, an online pediatric care service, has raised USD 11.65 million in a Series A funding round. The joint venture was led by 7wire Ventures and Lux Capital and also saw participation from notable investors such as Sequoia Capital, a company owned by Melinda French Gates, and Leaps by Bayer. With this new addition, Summer Health's total fund tally stands at USD 19.2 million.
 The funds secured will be utilized to expand the company's care distribution through business and consumer channels, address the growing shortage of pediatricians, and add diversity to its existing healthcare services.
 Based out of New York, Summer Health provides remote pediatric care. The company's platform functions via messaging, allowing parents to virtually consult board-certified pediatricians within 15 minutes for an array of health issues, from common colds to sleeping and feeding trouble. In case a patient requires a more direct form of care, the platform suggests local medical facilities depending on the patient's location. Since Summer Health began its services, it has assisted thousands of parents. As of April 2024, the company offers its services on a monthly subscription basis, priced at USD 36 or USD 64, and is functional throughout the 50 states.
 
</div>

Summer Health

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