What is myHIVteam?
Founded in 2011 and headquartered in San Francisco, California, myHIVteam operates an online social networking platform designed to support individuals with various health conditions. The company's suite of platforms includes specialized communities such as MyAutismTeam, MyBCTeam, MyMSTeam, and MyCrohnsandColitisTeam, among others. These platforms provide a vital space for patients to connect, share experiences, and access information, fostering a supportive digital ecosystem for chronic disease management. The company's focus on patient-centric digital health solutions positions it within the rapidly evolving digital health and patient advocacy sector.
How much funding has myHIVteam raised?
myHIVteam has raised a total of $27.2M across 6 funding rounds:
Angel/Seed
$1.8M
Series A
$3.4M
Series B
$5M
Series C
$7.3M
Other Financing Round
$9.4M
Debt
$350K
Angel/Seed (2012): $1.8M with participation from Adams Street Partners and 500.com
Series A (2014): $3.4M led by 500.com, TEEC, The Westly Group, Adams Street Partners, Sand Hill Angels, and HealthTechCapital
Series B (2015): $5M supported by Adams Street Partners, CVS Health, Sand Hill Angels, HealthTechCapital, and The Westly Group
Series C (2017): $7.3M featuring Adams Street Partners, HealthTech Capital, The Westly Group, Qiming Venture Partners, 500.com, and CVS Health
Other Financing Round (2019): $9.4M backed by UCB
Debt (2020): $350K with participation from PPP
Key Investors in myHIVteam
Adams Street Partners
Founded in 1972, Adams Street Partners provides investment management services in private markets worldwide. Their headquarters is located in Chicago, Illinois.
HealthTech Capital
HealthTech Capital is a private investment organization focused on healthtech and digital health startups, providing funding and mentoring since 2010. The company connects accredited angel investors, healthcare systems, and corporate investors to support early-stage healthtech ventures.
The Westly Group
The Westly Group is a premier venture fund in North America that focuses on investing in entrepreneurs who are transforming foundational industries such as energy, mobility, buildings, industrial technology, and cybersecurity.
What's next for myHIVteam?
The recent major strategic investment indicates a strong confidence from backers in myHIVteam's business model and its potential for continued expansion. This capital injection is likely to fuel further development of its existing platforms, potentially enabling the launch of new disease-specific communities, and enhancing its technological infrastructure. The company's trajectory suggests a move towards scaling its operations and solidifying its market position as a key player in digital health communities, aiming to improve patient outcomes and engagement through its innovative networking solutions.
See full myHIVteam company page
