What is 98point6?
Founded in 2015 and headquartered in Seattle, Washington, 98point6 operates as an on-demand, text-based virtual primary care clinic. The company leverages technology to provide accessible healthcare services, positioning itself as a key player in the evolving landscape of telehealth and primary care delivery. Its model focuses on convenience and efficiency for patients seeking immediate medical attention.
How much funding has 98point6 raised?
98point6 has raised a total of $293M across 8 funding rounds:
Series A
$750K
Debt
$11M
Series B
$19.5M
Series C
$50M
Series D
$43M
Series E
$118M
Other Financing Round
$20M
Other Financing Round
$30.7M
Series A (2015): $750K, investors not publicly disclosed
Debt (2016): $11M, investors not publicly disclosed
Series B (2017): $19.5M, investors not publicly disclosed
Series C (2018): $50M featuring Goldman Sachs
Series D (2020): $43M backed by Goldman , Sachs & Co.
Series E (2020): $118M with participation from The Goldman Sachs Group, Inc., Activant Capital Group LLC, and L Catterton Management Limited
Other Financing Round (2022): $20M led by L Catterton and Activant Capital Group
Other Financing Round (2023): $30.7M supported by L Catterton, Transcarent, and Activant Capital Group
Key Investors in 98point6
L Catterton
L Catterton is a global consumer-focused private equity firm known for its extensive investments in consumer brands worldwide. Their involvement suggests a strategic alignment with 98point6's consumer-facing healthcare model.
Transcarent
Transcarent is a health and care platform connecting employees to information and advisors for medical decisions. Their participation indicates a synergistic relationship within the broader digital health ecosystem.
Activant Capital Group
Activant Capital Group is a research-led growth firm investing in innovative solutions across various industries. Their backing of 98point6 highlights a focus on companies digitizing operations and providing advanced technology solutions in the healthcare space.
What's next for 98point6?
The recent major strategic investment suggests 98point6 is poised for further expansion and innovation. This capital infusion will likely fuel advancements in its platform, enhance its service offerings, and potentially broaden its market reach. The company's continued access to substantial funding indicates strong investor confidence in its business model and its capacity to disrupt traditional healthcare paradigms.
See full 98point6 company page
