What is Wheel?
Wheel Health is a digital health company dedicated to establishing the essential infrastructure required for virtual care to achieve its full potential. For healthcare organizations offering telehealth services, Wheel provides access to a tech-enabled, nationwide network of clinicians who are specifically trained in 'Webside Manner.' This specialized approach ensures that healthcare providers can scale their virtual care operations rapidly and compliantly. The company's focus on clinician networks and compliance infrastructure positions it as a critical enabler in the rapidly evolving digital health landscape.
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, Silverton Partners, Charles River Ventures, Tusk Ventures, JPMorgan Chase, and Lightspeed Venture Partners
Series C (2022): $150M supported by Tiger Global Management, Lightspeed Venture Partners, Silverton Partners, Salesforce, Coatue, Crv, and Tusk Ventures
Key Investors in Wheel
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
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.
What's next for Wheel?
With substantial enterprise-level funding and a recent major strategic investment, Wheel is poised for accelerated growth and market expansion. The company's strategy likely involves further enhancing its technology platform, expanding its network of clinicians, and forging new partnerships within the healthcare ecosystem. The consistent capital injections suggest a focus on scaling operations, refining compliance protocols, and potentially exploring new service offerings to solidify its position as a leader in virtual care infrastructure. This sustained backing indicates a clear path toward achieving broader market penetration and influencing the future of telehealth delivery.
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