What is SteadyMD?
SteadyMD operates as a comprehensive telehealth infrastructure company, specializing in virtual healthcare delivery, clinician workforce management, and digital care operations. The organization empowers various healthcare entities, including digital health platforms, employers, laboratories, pharmacies, and medical device providers, to launch, manage, and scale their telemedicine services across the United States. By integrating clinical, operational, regulatory, and technological capabilities, SteadyMD facilitates accessible, compliant, and patient-centric remote medical care experiences. Founded by entrepreneurs Guy Friedman and Yarone Goren, the company emerged from a vision to address operational inefficiencies in traditional healthcare and meet the escalating demand for convenient, digitally enabled medical services. Initially established as an online concierge primary care platform, SteadyMD has evolved to provide robust infrastructure solutions that enable a wide array of healthcare organizations to deliver care remotely.
How much funding has SteadyMD raised?
SteadyMD has raised a total of $31M across 2 funding rounds:
Series A
$6M
Series B
$25M
Series A (2020): $6M with participation from Wild Card Ventures LLC, M25 Group, Crosscut, Next Ventures Ltd, Pelion Venture Partners, First Trust Capital Partners LLC, and Hyde Park Venture Partners
Series B (2021): $25M led by Sound Ventures, Lux Capital, and Acrew Capital
Key Investors in SteadyMD
M25 Group
M25 Group is a London-based removals and storage company established in 2008, offering a range of services including residential and business moves, property clearance, and storage solutions. The company has adapted to various economic challenges and evolved to meet the diverse needs of its clients, providing a comprehensive service that emphasizes order and transparency.
Pelion Venture Partners
Pelion Home is a company that manages a portfolio of funds, focusing on investment solutions for its clients. They offer a range of services tailored to meet the needs of investors. The company aims to cater to both institutional and individual clients seeking diversified investment opportunities.
Hyde Park Venture Partners
Hyde Park Venture Partners is an early-stage venture capital firm that focuses on high-growth technology startups located in the mid-continent region, including the Midwest, Toronto, and Atlanta. The firm seeks to invest in companies with exceptional founding teams and significant growth potential.
What's next for SteadyMD?
The recent major strategic investment in SteadyMD signals a pivotal moment for the company, likely indicating a focus on scaling its operations, expanding its technological capabilities, and potentially entering new markets. As a company that has successfully navigated multiple funding rounds, including Series A and Series B, SteadyMD appears to be in a growth phase, leveraging this capital to enhance its telehealth infrastructure and broaden its service offerings. The strategic nature of the recent financing suggests potential partnerships or collaborations aimed at accelerating its mission to provide accessible and compliant virtual healthcare solutions nationwide. Future developments may include further technological innovation in remote patient monitoring, enhanced clinician support systems, and expanded reach within the employer and payer landscapes.
See full SteadyMD company page
