What is Wheel?
Wheel operates at the intersection of technology and clinical services, providing the essential infrastructure required for virtual care to reach its full potential. By offering healthcare companies access to a tech-enabled, nationwide network of clinicians trained in specialized virtual care protocols, Wheel enables its partners to scale rapidly and maintain high compliance standards. Headquartered in Lamar, Texas, the company addresses the critical bottleneck of clinician supply, allowing telehealth providers to focus on patient outcomes while Wheel manages the complexities of network management and operational efficiency.
How much funding has Wheel raised?
Wheel has raised a total of $213.9M across 3 funding rounds:
Series A
$13.9M
Series B
$50M
Series C
$150M
Series A (2020): $13.9M with participation from Silverton Partners, Tusk Venture Partners, and CRV
Series B (2021): $50M led by Lightspeed Venture Partners, Tusk Ventures, Charles River Ventures, JPMorgan Chase, Silverton Partners, and Future-Shape
Series C (2022): $150M supported by Silverton Partners, Tiger Global Management, Salesforce, Coatue, Crv, Lightspeed Venture Partners, and Tusk Ventures
Key Investors in Wheel
Silverton Partners
Silverton Partners is a leading early-stage venture capital firm based in Austin, Texas, specializing in investing in companies that leverage technology to create significant barriers to entry.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets, with a focus on high-growth technology companies.
Salesforce
Salesforce is a global leader in customer relationship management software, providing cloud-based solutions that help businesses transform their customer interactions through innovative technology.
What's next for Wheel?
With the successful completion of its latest funding round, Wheel is well-positioned to accelerate its product development and expand its clinical network. The strategic focus will likely center on deepening its technological integration with existing healthcare platforms and enhancing its proprietary clinician training programs. As the demand for high-quality, compliant virtual care continues to rise, Wheel is poised to leverage its significant capital reserves to capture additional market share and solidify its role as the backbone of the digital health industry. The company's ability to maintain long-term partnerships with its investors suggests a stable path toward sustained growth and potential future market leadership.
See full Wheel company page
