What is Athelas?
Athelas is dedicated to delivering simple, life-changing health care products globally. Its core offering, Athelas Remote Patient Monitoring (RPM), empowers healthcare providers to continuously track patient vital signs such as blood pressure, weight, and blood glucose outside of traditional clinical settings. This innovative approach enhances patient health outcomes and engagement while simultaneously reducing hospitalizations, marking a significant advancement in proactive healthcare delivery.
How much funding has Athelas raised?
Athelas has raised a total of $135.5M across 2 funding rounds:
Other Financing Round
$3.5M
Unspecified
$132M
Other Financing Round (2017): $3.5M with participation from Initialized Capital, Liquid2 Ventures, Fifty Years, and Steamboat Ventures
Unspecified (2022): $132M led by Tribe Capital Growth Corp I, Human Capital, Initialized Capital, Y Combinator, Sequoia Capital, GREENOAKS, and General Catalyst
Key Investors in Athelas
Initialized Capital
Initialized Capital is a venture capital firm dedicated to supporting seed stage founders across various sectors including enterprise SaaS, sustainability, health, hard tech, artificial intelligence, infrastructure, consumer, and crypto. With a portfolio that includes inspiring builders and leaders, they focus on providing the necessary tools and guidance for entrepreneurs from the early stages to long-term success. The firm's team consists of diverse professionals with unique backgrounds who are committed to advising and supporting founders throughout their journey. Initialized Capital champions innovation and aims to shape the future of technology and business.
Liquid2 Ventures
Liquid 2 Ventures is an investment firm that supports exceptional founders in building lasting companies through experience, community, and capital. They focus on early-stage investments, particularly in the pre-seed and seed stages, and provide access to a vast network of insiders and proven operators. With a median check size of $250k-$500k for early-stage opportunities, they invest across all sectors of technology. Their clients include a diverse range of startups seeking strategic mentorship, funding, and valuable introductions to accelerate growth.
Fifty Years
Fifty Years is a pre-seed and seed focused venture capital firm that supports founders leveraging technology to address significant global challenges such as climate change, disease, and malnutrition. The firm assists in the creation of deep tech startups by helping scientists and engineers transition into entrepreneurship. With backing from over $1 billion in tech companies, Fifty Years aims to empower the next generation of innovators. Their initiatives include funding for translational science and resources for spinning out of academia.
What's next for Athelas?
With substantial enterprise-level backing and a recent strategic investment, Athelas is poised for accelerated growth and market penetration. The company's focus on remote patient monitoring aligns with the increasing demand for accessible and efficient healthcare solutions. Future endeavors will likely involve expanding its service offerings, enhancing its technological infrastructure, and forging new partnerships within the healthcare ecosystem to further its mission of improving patient care worldwide.
See full Athelas company page
