Hybrid virtual care and in-person women’s healthcare company Tia announced a $100 million Series B funding round.
Lone Pine Capital led the funding round with additional participation from other investors, including Threshold, Define Ventures, Torch Capital, ACME, Compound, Combine, The Helm, Human Ventures, Seae Ventures, and Gingerbread Capital.
Tia said the new funding brings its total raised to $132 million. The company plans to use the funds to expand its care model to more than 100,000 women by 2023.
“Women deserve their own medical home that treats them as a whole person and not a disparate set of parts. They need a model that delivers truly connected care that meets them where they’re at – online and offline,” said co-founder and CEO Carolyn Witte.
Tia currently operates in New York City, Los Angeles, and Phoenix, and it plans to open in San Francisco this year. It also wants to grow its hybrid virtual care and brick-and-mortar services in the cities it already serves and move into new markets.
Carolyn Witte added: “Our vision is to replace transactional, condition-based healthcare with relationship-based care that can cater to women for their whole lives, from puberty to menopause. We know when we make healthcare work better for women, it works better for families, for communities – for everyone.”
Tia is forming partnerships with healthcare systems to provide its patients with specialty care that Tia does not offer (e.g., obstetrical care and cardiology).
“Tia has created a holistic model that unlocks better and more focused care for the largest population of healthcare consumers in the U.S. – women,” said Kelly Granat, Portfolio Manager at Lone Pine Capital. “With a personalized approach that addresses the whole person, Tia’s full-service platform is well-positioned to become the premier destination for high-quality women’s healthcare.”
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.