What is Sharecare?
Sharecare operates as a leading digital health company dedicated to empowering individuals to manage their health holistically. Its data-driven virtual health platform serves a broad spectrum of stakeholders, including individuals, healthcare providers, employers, health plans, government organizations, and communities. The platform's core objective is to optimize well-being by fostering positive behavior change, making high-quality care more accessible and affordable for everyone. The company's philosophy, 'together, we are all better,' emphasizes a personalized approach to health management.
How much funding has Sharecare raised?
Sharecare has raised a total of $443M across 11 funding rounds:
Private Equity
$14M
Private Equity
$51M
Other Financing Round
$30M
Private Equity
$25M
Other Financing Round
$50M
Other Financing Round
$70M
Multiple Rounds
$185M
Debt
$5M
Private Equity (2012): $14M led by Galen Partners and TomorrowVentures, LLC
Private Equity (2013): $51M supported by Heritage group
Other Financing Round (2014): $30M featuring HCA Healthcare
Private Equity (2015): $25M backed by Trinity Health and Wellington Management
Other Financing Round (2015): $50M with participation from InvestMichigan, Trinity Health, Wellington Management, and Arsenal
Other Financing Round (2016): $70M led by Swiss Re
Debt (2017): $60M supported by Wells Fargo
Private Equity (2017): $40M featuring HCA Healthcare, Trinity Health, Sony Pictures Television, Wellington Management, Harpo Productions, Inc, Discovery Communications, Wells Fargo, Summit Partners, Claritas Capital, Swiss Re, and Hawaii Medical Service Association
Private Equity (2017): $85M backed by Summit Partners
Debt (2020): $5M with participation from PPP
Key Investors in Sharecare
Summit Partners
Summit Partners is an equity investment company founded in 1984, known for investing in entrepreneurial companies and headquartered in Boston, Massachusetts.
Trinity Health
Trinity Health is a multi-institutional Catholic health care delivery system serving diverse communities across the Nation, including hospitals and continuing care locations.
Wellington Management
Wellington Management Company is a global, independent investment management firm providing institutional clients with portfolio management and research solutions.
What's next for Sharecare?
With substantial enterprise-level backing and a recent strategic investment, Sharecare is well-positioned for its next phase of growth. The company's focus on unifying health management and driving behavior change aligns with the increasing demand for integrated digital health solutions. Future developments are likely to involve expanding its platform's capabilities, forging new strategic partnerships, and potentially exploring new market segments. The significant capital raised suggests a trajectory towards scaling operations and solidifying its market leadership in the competitive digital health landscape.
See full Sharecare company page
