logo
logo

Medarrive Announces $25 Million In Series A Funding To Bridge The Virtual Care Gap

Nov 17, 2021•over 3 years ago

Amount Raised

$25 Million

Round Type

series a

Description

MedArrive, a healthcare platform that enables payers and providers to seamlessly extend medical services into the home, today announced $25 million in Series A funding following a year of significant company growth. Since the company’s founding in December 2020, MedArrive has doubled the size of its team, expanded into new states and facilitated thousands of home visits. Section 32 led the round with participation from new investors, 7wireVentures and Leaps by Bayer, and existing investors Define Ventures, Kleiner Perkins, and Redesign Health. The new financing will advance MedArrive’s underlying technology platform and fuel expansion of its network to meet rising demand for affordable, in-home care.

Company Information

Company

Med Arrive

About

Through these partnerships, the company is currently conducting home visits across California, Florida, New Jersey, North Carolina, and Texas. MedArrive will use the new financing to expand its network to additional states, double its team of industry experts and invest heavily in its product and platform to maximize impact. MedArrive has more than 50k highly-skilled "Field Providers'' including EMS professionals in its national network, and services span dozens of clinical use cases, including complex condition monitoring, transitional care and readmission prevention, vaccinations and immunizations, medication administration and much more.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech