At present inhabitants well being startup Unite Us introduced that it has closed a $150 million Sequence C funding spherical. Iconiq Progress led the spherical, with participation from Emerson Collective, Optum Ventures, Transformation Capital, Outline Ventures, Salesforce Ventures, City Corridor Ventures and different healthcare companions.
This comes roughly two years after the corporate raised $35 million in Series B funding to gasoline its development and enhance the corporate into unicorn territory with a valuation of greater than $1.6 billion.
WHAT IT DOES
The New York-based firm is targeted on the social determinants of well being. Its know-how is targeted on connecting community-based organizations to well being group, insurers, governments and nonprofits.
In keeping with the corporate, the purpose is to allow “whole-person” care. The platform allows organizations to make evaluation and care plans and present digital referrals. It additionally has a decision-support instrument. It permits bidirectional communications and alerts, and in addition end result monitoring.
Up to now the corporate is energetic in 42 states.
WHAT IT’S FOR
The corporate plans placing the brand new infusion of money into rising its footprint throughout the nation. It’s also plans on rising its Unite Us Insights and Funds platforms.
“We’re excited to double down on our imaginative and prescient for a person-centered, coordinated, nationwide social care community,” Dan Brillman, CEO and cofounder, stated in a press release.
“Our community-based companions’ capacity to drive improved outcomes is crucial in a value-based care world, and we all know that bringing the mandatory know-how into each neighborhood will speed up our impression.”
Unite Us is not the one startup seeking to handle social determinants of well being. Cityblock Health, a startup utilizing a tech platform to deal with well being disparities and supply cost-effective care providers, scored $160 million in Sequence C funding in December, which additionally introduced it to unicorn standing.
During the last 12 months social determinants of well being have come into the highlight through the coronavirus pandemic. The CDC reports that some racial and ethnic minorities teams have been disproportionately affected by COVID-19, and the locations the place “individuals reside, study, work, play and worship” can impression the dangers and outcomes of COVID-19.
“What COVID-19 put an enormous magnifying glass on is our lack of public well being infrastructure,” Taylor Justice, cofounder and president of Unite Us, stated throughout a HIMSS20 digital session, final 12 months.
“I feel cities and states, as soon as they began to transition away from only a pure medical response, began to appreciate with the elevated unemployment numbers there’s this unprecedented stress about to hit their human and social service methods.”