What is Wheel?
Wheel operates as a specialized infrastructure provider for the digital health sector, addressing the critical need for scalable, compliant virtual care solutions. By offering a tech-enabled network of clinicians trained in specialized virtual care protocols, the company allows healthcare providers to rapidly expand their telehealth capabilities without the overhead of building internal clinical networks from scratch. Headquartered in Lamar, Texas, Wheel serves as a vital bridge between healthcare enterprises and the growing demand for remote, high-quality patient interactions, effectively lowering the barriers to entry for digital health innovation.
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 Future-Shape, Tusk Ventures, JPMorgan Chase, Lightspeed Venture Partners, Silverton Partners, and Charles River Ventures
Series C (2022): $150M supported by Tiger Global Management, Lightspeed Venture Partners, Tusk Ventures, Silverton Partners, Salesforce, Coatue, and Crv
Key Investors in Wheel
Tiger Global Management
Tiger Global Management is a prominent investment firm that deploys significant capital across both public and private markets, focusing on high-growth technology sectors.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies, providing support from seed through IPO.
Silverton Partners
Silverton Partners is a leading early-stage venture capital firm based in Austin, Texas, specializing in companies that leverage technology to create significant barriers to entry.
What's next for Wheel?
With the successful closure of its latest funding round, Wheel is well-positioned to accelerate its market penetration and deepen its technological moat. The strategic focus will likely shift toward enhancing its proprietary platform capabilities and expanding its clinical network to meet the increasing complexity of enterprise-level healthcare requirements. As the industry moves toward more integrated, hybrid care models, Wheel's infrastructure will be essential for organizations aiming to maintain compliance while scaling operations. The company is expected to leverage this capital to solidify its leadership position, potentially exploring new service verticals or deepening its integration with existing enterprise healthcare ecosystems to drive long-term, sustainable growth.
See full Wheel company page
