Brave Care, a pediatric primary and urgent care medical platform raised $25 million led by Mednax.
The company plans to use the latest funds to expand its telehealth services across the U.S.
Brave Care, a Y Combinator graduate, has focused on pediatric clinical care advancement since 2019.
According to the company, over 21 million single parents a year face the worry of a sick child with little to no pediatric medical care options outside of the emergency room. With 37% of U.S. children ages 17 and under suffering from at least one health condition, one in four kids seen at urgent care in 2019.
Including the latest funding round, Brave Care has raised $43 million to date from investors including Mednax, Y Combinator, City Light Capital, Gaingels, AV8, Interplay, Founder’s Co-op, Refactor, Collaborative Fund, Indicator, Fifty Years, and Greycroft.
“With this exciting investment, Brave Care is now even better positioned to open more pediatric facilities around the country, elevating care experiences and dramatically increasing the chance that every kid reaches their full potential,” said Darius Monsef, CEO of Brave Care. “We created Brave Care from the experience that every parent needs a trusted partner in their child’s medical team, and that every child deserves access to excellent care regardless of their family’s financial position. Sharing this intention in partnership with Mednax, we foresee this as a clear opportunity to open over 100 new clinics in the next few years.”
“We’re excited to move forward with our partnership with Brave Care,” said Mark S. Ordan, Chief Executive Officer of Mednax. “We believe that Brave’s team, proprietary technology, and comprehensive suite of services and operating systems will help enable us to provide a great continuum of patient-first care and a one-of-a-kind patient and family experience. This is another major step to solidify our focus as the leader in women’s and children’s specialty services.”
Telehealth companies raised a record $5 billion in 1H 2021, a 150% increase year-over-year compared to $2 billion raised in 1H 2020, according to the recently released Mercom’s 1H 2021 Digital Health Funding and M&A Report. mfine, an AI-enabled telemedicine app that provides instant healthcare services, raised $48 million in a Series C funding round co-led by Moore Strategic Ventures and BEENEXT.