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 distinguishes itself by integrating advanced technology with clinical expertise to provide a seamless, efficient patient experience. By focusing on the intersection of digital health and primary care, 98point6 addresses the inefficiencies inherent in traditional healthcare models, offering a scalable solution for self-insured employers and their employees. Its market position is defined by a commitment to clinical excellence and a user-centric approach that prioritizes accessibility and data-driven health outcomes.
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, Activant Capital Group, and Transcarent
Key Investors in 98point6
The Goldman Sachs Group, Inc.
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management.
L Catterton
L Catterton is a global consumer-focused private equity firm headquartered in Greenwich, Connecticut. The firm has made more than 275 investments in consumer brands worldwide, deploying capital through flagship buyout, growth, and real estate strategies.
Activant Capital Group
Activant is a research-led growth firm that invests in relentless founders, focusing on innovative solutions across various industries. They aim to empower businesses by digitizing operations and providing advanced technology solutions to large enterprises globally.
What's next for 98point6?
With the infusion of this recent capital, 98point6 is well-positioned to deepen its market penetration and enhance its technological infrastructure. The strategic focus will likely center on expanding its enterprise footprint, refining its AI-driven clinical support tools, and strengthening its partnerships with key industry stakeholders. As the healthcare sector continues to prioritize digital transformation, 98point6 is poised to leverage its unique position to drive further innovation in virtual care, ensuring that it remains at the forefront of the industry's shift toward more integrated, efficient, and patient-focused delivery models.
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