What is OpenLoop?
OpenLoop operates as a digital health leader, providing comprehensive, white-labeled, full-stack solutions tailored for organizations aiming to launch and scale their virtual care offerings. The company's platform enables healthcare providers and enterprises to efficiently deploy and manage telehealth services, thereby enhancing patient access and care delivery. By offering a robust technological infrastructure and operational support, OpenLoop empowers its clients to navigate the complexities of the digital health landscape and achieve their virtual care objectives.
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 Panoramic Ventures, Next Level Ventures, Techstars, and ISA Ventures
Series A (2023): $15M led by Next Level Ventures, UnityPoint Health Ventures, ManchesterStory Group, ISA Ventures, Nava Ventures, Panoramic Ventures, and SpringTide Ventures
Key Investors in OpenLoop
Next Level Ventures
Next Level Ventures is a family-owned investment firm specializing in strategic investments from seed to growth stages, with a focus on building partnerships and supporting portfolio companies in sectors like fintech.
UnityPoint Health Ventures
UnityPoint Health Ventures, the venture capital arm of UnityPoint Health, invests in innovative solutions that improve patient outcomes and reduce healthcare costs, providing strategic resources to accelerate portfolio company growth.
ManchesterStory Group
ManchesterStory is an early-stage venture capital firm focused on deploying strategic capital in financial services, healthcare, and insurance, fostering long-term partnerships and innovation within these industries.
What's next for OpenLoop?
With the recent influx of major strategic investment, OpenLoop is poised for accelerated growth and innovation. The company is expected to leverage this capital to further enhance its platform capabilities, expand its market reach, and potentially explore new service lines within the digital health ecosystem. Strategic partnerships and technological advancements will likely be key focus areas as OpenLoop solidifies its position as a pivotal player in the virtual care solutions market. The company's trajectory suggests a continued emphasis on scaling its operations and deepening its impact on healthcare accessibility.
See full OpenLoop company page
