What's Happening?
Pomelo Care, a virtual healthcare startup, has raised $92 million in a series C funding round to expand its services beyond maternity care to include broader women's and children's health needs. The funding,
led by Stripes and supported by Andreessen Horowitz and others, values the company at $1.7 billion. Pomelo Care's model focuses on proactive, evidence-based care, aiming to improve health outcomes and reduce costs. The company partners with health plans and employers, covering over 25 million lives, and offers 24/7 virtual care through a multispecialty clinical team. The funding will support the expansion of services and the development of new care models.
Why It's Important?
Pomelo Care's expansion reflects a growing trend towards virtual healthcare solutions, particularly in women's and children's health. The company's success in securing significant funding highlights investor confidence in digital health models that promise improved outcomes and cost savings. This development is significant in the context of the U.S.'s poor maternal health outcomes compared to other developed countries. By addressing gaps in traditional care settings, Pomelo Care aims to enhance access to quality healthcare, particularly in underserved areas. The company's growth could influence healthcare delivery models and encourage further investment in digital health innovations.
