Accompany Health, a primary care provider for low-income patients, has launched from stealth and raised USD 56 million in a Series A funding round, with participation from Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced.

The new funds will be allocated toward supporting the development and expansion of its integrated care platform. 

Founded in 2022, Accompany Health provides an integrated platform for primary, behavioral health, and social care, with a focus on serving patients from low-income demographics. The company offers a holistic, team-based care system with at-home and virtual care and 24/7 support. The company has already begun serving 8,000 patients in Detroit in partnership with a national health plan.

Analyst QuickTake: Over the past few months, there has been an increasing trend in funding for primary care providers, signifying a strong emphasis on expanding and improving integrated primary care services. Companies that raised funding in the last year include: 1) Forward , which raised USD 100 million to launch its AI-based CarePods (Nov 2023); 2) Better Health , which raised USD 175 million for national expansion (Nov 2023); and 3) Carbon Health , which raised USD 100 million for market expansion (Jan 2023).