What is OpenLoop?
OpenLoop operates at the forefront of digital health, providing comprehensive, full-stack, white-labeled solutions tailored for organizations aiming to launch and scale their virtual care offerings. The company's platform enables seamless integration of telehealth services, empowering healthcare providers and enterprises to deliver accessible and efficient patient care. By abstracting the complexities of virtual care infrastructure, OpenLoop allows its clients to focus on patient outcomes and service delivery, positioning itself as a critical enabler in the rapidly evolving digital health landscape.
How much funding has OpenLoop raised?
OpenLoop has raised a total of $18M across 2 funding rounds:
Other Financing Round
$3M
Series A
$15M
Other Financing Round (2021): $3M with participation from ISA Ventures, Next Level Ventures, Techstars, and Panoramic Ventures
Series A (2023): $15M led by ManchesterStory Group, Next Level Ventures, Panoramic Ventures, SpringTide Ventures, UnityPoint Health Ventures, ISA Ventures, and Nava Ventures
Key Investors in OpenLoop
Next Level Ventures
Next Level Ventures is a prominent investment firm specializing in strategic investments from seed to growth stages, focusing on building partnerships, particularly in the fintech sector, and actively supporting portfolio companies with financial and operational assistance.
ManchesterStory Group
ManchesterStory is a leading early-stage venture capital firm focused on deploying strategic capital to fuel growth and long-term partnerships in the financial services, healthcare, and insurance sectors, actively collaborating with carriers, founders, and investors.
UnityPoint Health Ventures
UnityPoint Health Ventures makes direct investments in ideas and partners that improve patient outcomes and reduce the cost of health care, leveraging its position as the venture capital arm of UnityPoint Health.
What's next for OpenLoop?
With the recent infusion of major strategic capital, OpenLoop is poised for accelerated growth and market penetration. The company is likely to leverage this investment to enhance its technological capabilities, expand its service offerings, and broaden its client base. Strategic partnerships and further platform development are anticipated as OpenLoop solidifies its position as a key player in the digital health ecosystem, driving the future of virtual care delivery through its scalable and customizable solutions.
See full OpenLoop company page
