Hazel Health, a telemedicine startup, raised $33.5 million in a Series C funding, led by Owl Ventures and Bain Capital Ventures, with additional funding by Uprising, UCSF Foundation Investment Company, and Centene Corporation.
The funding will help us expand our service and provide preventative healthcare to more students, said Josh Golomb, CEO, Hazel Health, in a blog post.
Hazel Health provides telehealth and mental health services for children in grade school. It also offers an at-home telemedicine program for students and their families.
Additionally, Hazel is working with existing partner insurance providers within school districts to increase access and close the care gap for all children. The company currently works with U.S. districts representing over 1.5 million students of the 60 million students nationally.
“We’re excited to continue spreading Hazel’s mission with our network of families, licensed medical staff, and school nurses. We promise to remain steadfast in helping ensure every student has access to quality healthcare,” said Josh Golomb.
As the COVID-19 pandemic continues to spread worldwide, more patients than ever are using telehealth service for care – avoiding overcrowded emergency rooms and physician practices in favor of virtual consults. According to the latest Mercom Funding and M&A Report, telehealth companies raised a record $1.9 billion in the first half of 2020.
Recently, Google’s cloud division announced a $100 million strategic investment in telehealth company Amwell (formerly American Well). The company also filed with SEC for an initial public offering (IPO), and Google’s strategic investment will be a concurrent private placement at the IPO price. Mindstrong, a digital mental health consultation platform, raised $100 million in Series C funding.
Image Credit: Hazel Health