What is Wheel?
Wheel Health is a digital health innovator dedicated to establishing the foundational infrastructure necessary for virtual care to achieve its full potential. The company provides telehealth service providers with access to a tech-enabled, nationwide network of clinicians who are specifically trained in 'Webside Manner.' This specialized network enables healthcare companies to scale their virtual care offerings rapidly and compliantly, addressing a critical need in the market for seamless and effective remote patient care. Headquartered in Lamar, Texas, Wheel is strategically positioned to support the expansion of digital health services across the United States.
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 Tusk Venture Partners, Silverton Partners, and CRV
Series B (2021): $50M led by JPMorgan Chase, Lightspeed Venture Partners, Tusk Ventures, Charles River Ventures, Future-Shape, and Silverton Partners
Series C (2022): $150M supported by Silverton Partners, Salesforce, Coatue, Crv, Tiger Global Management, Tusk Ventures, and Lightspeed Venture Partners
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. With over 75 portfolio companies, 30+ acquisitions, and 4 IPOs, they are recognized as the most active venture capital firm in Texas. Their focus is on partnering with bold entrepreneurs and providing long-term support to help build tomorrow's best companies today. Silverton manages over $883 million in assets across 7 funds, emphasizing value addition and trust in their partnerships.
Crv
Established in 1874, CRV is a global cattle improvement company that commits to adding value for farmers. CRV works on selective breeding and sells bull semen to improve farmers herds. CRV is headquartered in Arnhem, Netherlands.
Tusk Ventures
Tusk Ventures is a company that operates in the Financial Services industry. It employs 11-20 people and has $1M-$5M of revenue. The company is headquartered in New York City, New York.
What's next for Wheel?
With substantial enterprise-level backing and a recent strategic investment, Wheel is poised for accelerated expansion and innovation in the virtual care sector. The company's focus on building a robust clinician network and ensuring compliant scaling suggests a strategy aimed at becoming a critical enabler for telehealth providers. Future developments are likely to involve further technological enhancements to their platform, expanding their clinician network's reach and specialization, and potentially forging deeper partnerships with major healthcare organizations seeking to integrate advanced virtual care solutions. This sustained capital infusion signals confidence in Wheel's business model and its capacity to capture a significant share of the growing digital health market.
See full Wheel company page
