Heartbeat Health, a virtual cardiovascular disease prevention platform, raised $20 million in Series B funding.
The funding round was led by Echo Health Ventures, with participation from DaVita Venture Group and existing investors, .406 Ventures, Optum Ventures, Kindred Ventures, Lerer Hippeau, Designer Fund, and Max Ventures.
According to the company statement, the latest investment will be used to accelerate product research and development and expand clinical services offered to at-risk organizations.
Heartbeat has delivered care to more than 20,000 patients nationwide, the company said. According to the company, more than 80% of heart disease deaths are attributable to preventable factors, yet cardiovascular disease remains the costliest and deadliest condition worldwide.
Heartbeat Health delivers virtual cardiovascular disease prevention and management platform, focusing on improved clinical experience, health outcomes, and reduced costs. The platform offers a data-powered patient and provider experience, combining telemedicine, diagnostic coordination, medication management, lifestyle guidance, and stakeholder engagement.
Heartbeat is now focused on scaling virtual, value-based cardiovascular care to at-risk groups. This requires a hybrid approach to care that relies on providers and technology. “The platform and services work together seamlessly by using data to uncover guidance that can not only treat individuals at-risk but to help entire populations living with heart disease – and that is a big idea worth pursuing,” said Nayan Jain, a co-founder, and the company’s CTO.
Heartbeat Health has raised over $30 million in funding to date.
Heartbeat Health said: Despite tremendous advancements in cardiovascular diagnostics and therapies, nearly 40% of the US population has heart disease.
“We make it possible to superpower cardiologists with digital tools and workflows that break care out of the clinic in both location and time,” said Mark Hanson, Heartbeat’s co-founder and Chief Product Officer. This approach has been embraced by the American College of Cardiology, a Heartbeat strategic partner.
Telehealth companies raised $2.4 billion in Q1 2021 compared to $1.2 billion raised in Q4 2020, a 100% increase in QoQ. Year-over-year funding increased by 154% in Q1 2021 compared to $930 million raised in Q1 2020, according to the recently released Mercom’s Q1 2021 Digital Health Funding and M&A Report. Recently, Headway, a software-enabled virtual national network of therapists, secured a $70 million Series B round of funding.