What is MDLive?
Founded in 2009 and headquartered in Miramar, Florida, MDLive operates as a critical player in the virtual care ecosystem. By providing 24/7 access to healthcare services via phone and video, the company bridges the gap between patients and providers, offering essential services ranging from dermatology to complex mental health support. Its market position is defined by its ability to integrate seamlessly into existing healthcare delivery systems, effectively reducing the friction associated with traditional in-person medical consultations.
How much funding has MDLive raised?
MDLive has raised a total of $271.6M across 5 funding rounds:
Private Equity
$23.6M
Series B
$50M
Private Equity
$50M
Other Financing Round
$123M
Debt
$25M
Private Equity (2014): $23.6M with participation from Sutter Health, Sentara Healthcare, Kayne Anderson Capital Advisors, L.P., and Heritage Group
Series B (2015): $50M, investors not publicly disclosed
Private Equity (2018): $50M supported by Health Velocity Capital
Other Financing Round (2020): $123M featuring Cigna
Debt (2020): $25M, investors not publicly disclosed
Key Investors in MDLive
Cigna
A global health company committed to improving health and vitality through innovative solutions and strategic partnerships in the healthcare sector.
Health Velocity Capital
An investment firm specializing in early-stage and growth-stage healthcare software and services businesses aimed at transforming the industry.
Sentara Healthcare
A not-for-profit integrated healthcare system providing a comprehensive range of medical services, including hospitals, outpatient facilities, and home health agencies.
What's next for MDLive?
Following its recent major strategic investment, MDLive is well-positioned to accelerate its enterprise-level expansion. The company is expected to leverage this capital to enhance its proprietary telehealth platform, potentially integrating advanced diagnostic tools and expanding its provider network. As the demand for remote medical services continues to rise, MDLive's focus will likely shift toward deepening its integration with large-scale health systems and insurance providers, ensuring that its digital health solutions remain a cornerstone of modern, accessible, and efficient patient care.
See full MDLive company page
