What is TytoCare?
TytoCare provides an innovative solution comprising handheld exam kits and a companion app, enabling individuals to conduct guided medical examinations remotely. This technology facilitates real-time consultations with healthcare providers, offering a convenient and accessible way to receive medical care anytime, anywhere. Established in 2012 and headquartered in New York, TytoCare addresses the growing demand for virtual healthcare services by bridging the gap between patients and clinicians through advanced remote diagnostic capabilities. The company's platform is designed to enhance patient engagement and improve healthcare access, particularly for those in remote locations or seeking convenient care options.
How much funding has TytoCare raised?
TytoCare has raised a total of $208.3M across 6 funding rounds:
Series A
$4M
Series B
$11M
Other Financing Round
$9M
Series C
$35.3M
Series D
$100M
Other Financing Round
$49M
Series A (2014): $4M with participation from OrbiMed and LionBird
Series B (2015): $11M led by LionBird, Walgreens, and OrbiMed
Other Financing Round (2019): $9M, investors not publicly disclosed
Series C (2019): $35.3M featuring Sanford Health, Shenzhen Capital Group, Ping An Global Voyager, and Itochu
Series D (2021): $100M backed by Shenzhen Capital Group, Olive Tree Ventures, TriplePoint Venture Growth BDC, Qumra Capital, The Insight Partners, and Qualcomm Ventures LLC
Other Financing Round (2023): $49M with participation from Insight Partners, Clal Insurance, HOOPP, and MemorialCare
Key Investors in TytoCare
OrbiMed
OrbiMed Advisors LLC is a specialized investment firm focused on the healthcare sector, managing capital across biopharmaceuticals, medical devices, digital health platforms, diagnostics, and healthcare services. They support companies at various stages of development, from early-stage ventures to established organizations scaling proven healthcare solutions.
LionBird
LionBird (Ventures) Ltd. invests in innovative health-tech startups that aim to transform the healthcare landscape through technology, providing pre-scale capital and support to teams dedicated to improving healthcare solutions.
Sanford Health
Sanford Health is a large nonprofit integrated healthcare delivery system providing hospital care, physician services, medical research, and senior care programs across the United States, with a focus on expanding healthcare access for rural populations.
What's next for TytoCare?
The recent major strategic investment in TytoCare signals a strong confidence from its backers in the company's future trajectory and its potential to further disrupt the healthcare industry. This capital infusion is expected to fuel continued innovation in their remote examination technology, expand their market reach, and enhance their service offerings. As TytoCare moves forward, it is poised to capitalize on the increasing adoption of telehealth and remote patient monitoring solutions, solidifying its position as a leader in enabling accessible and efficient healthcare delivery.
See full TytoCare company page
