What is AristaMD?
AristaMD is at the forefront of enhancing patient outcomes by streamlining access to specialized medical care. The company's proprietary eConsult platform functions as a sophisticated telehealth solution, empowering primary care physicians to conduct electronic consultations. This process significantly optimizes the patient referral pathway, ensuring timely and high-quality care. The platform is engineered for seamless integration into existing physician referral workflows, enabling payers and providers to efficiently deploy specialist eConsults. These can utilize either their in-house specialists or AristaMD's own network of board-certified experts. AristaMD's solution has demonstrated its capacity to deliver cost-effective and prompt access to specialty services, substantially reducing the necessity for in-person visits and elevating patient satisfaction. The company actively partners with healthcare stakeholders to facilitate their transition to value-based care models.
How much funding has AristaMD raised?
AristaMD has raised a total of $57.4M across 7 funding rounds:
Debt
$2.1M
Debt
$1.4M
Debt
$1.4M
Series A
$11M
Debt
$1M
Series B
$24M
Series C
$16.5M
Debt (2014): $2.1M with participation from Avalon Ventures, LLC
Debt (2015): $1.4M led by Undisclosed
Debt (2016): $1.4M supported by GoFormz Inc.
Series A (2016): $11M featuring Correlation Ventures and Avalon Ventures
Debt (2017): $1M, investors not publicly disclosed
Series B (2020): $24M with participation from CU Healthcare Innovation Fund, .406 Capital, Ascension Ventures Ltd, Cigna Ventures, Avalon Ventures, Stanford Health Care, and MemorialCare
Series C (2023): $16.5M, investors not publicly disclosed
Key Investors in AristaMD
Avalon Ventures, LLC
Avalon Ventures is a venture capital firm with over 30 years of experience focusing on seed and early-stage companies, particularly in the life sciences and information technology sectors. The firm is driven by a team of former entrepreneurs who are passionate about supporting disruptive ideas in dynamic market environments. Avalon Ventures aims to build strong relationships and achieve significant results for its clients. Their expertise lies in navigating the challenges of company creation and fostering innovation.
Correlation Ventures
Correlation Ventures is focused on reinventing industries through innovative investment strategies. They provide groundbreaking data science to help companies like Synthorx and Personal Capital transform their respective fields. The firm aims to support businesses in making rapid investment decisions, enabling them to achieve lasting value. Their portfolio includes companies that are dedicated to addressing significant challenges, such as food waste reduction by Imperfect Foods.
MemorialCare
Founded in 1907, MemorialCare is a hospital that operates primary hospitals and multiple outpatient facilities and programs. They are located in Long Beach, California.
What's next for AristaMD?
The recent major strategic investment in AristaMD signals a strong validation of its business model and its potential for significant expansion within the digital health sector. This capital infusion is expected to accelerate product development, enhance market penetration, and potentially fuel strategic partnerships or acquisitions. As AristaMD continues to navigate the evolving landscape of value-based care, this funding will be instrumental in scaling its operations and solidifying its position as a leader in telehealth solutions for specialty care access. The company is well-positioned to capitalize on the growing demand for efficient, patient-centric healthcare delivery systems.
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