Yuvo Health, a tech-enabled platform focused on federally qualified health centers, and value-based care company Syntax Health also secured funding.
Pomelo Care, a virtual maternity care platform, scored $33 million in seed and Series A funding led by Andreessen Horowitz.
The New York-based company partners with employers, health plans and providers to offer virtual fertility, pregnancy and newborn care from preconception through a baby’s first year. Its offerings include nutrition counseling, educational content, primary and women’s care, and 24/7 telephone, text or video access with a care team member.
The company will use the funds to expand its partnerships with health plans, employers and academic medical centers.
“We know that the right care at the right time can dramatically improve outcomes for families. Everyone deserves access to high-quality care, regardless of their circumstances or health plan,” Marta Bralic Kerns, founder and CEO at Pomelo Care, said in a statement. “That’s why Pomelo exists – we address patient concerns right away and at home, keeping them out of the emergency room unnecessarily and lowering their risk of pregnancy, postpartum and newborn complications.”
Yuvo Health, a tech-enabled platform to support federally qualified health centers (FQHCs), announced it closed a $20.2 million Series A funding round, bringing its total raise to $27.5 million.
Mastry Ventures led the round with participation from AV8 Ventures, AlleyCorp, New York Ventures, Route 66 Ventures, HLM Venture Partners, Social Innovation Fund and VamosVentures.
The New York-based company offers administrative and managed contract services to FQHCs, which are outpatient clinics that provide low-cost care and qualify for special reimbursement under Medicare and Medicaid.
The company will use the funds to scale its company and expand from New York to Ohio.
Fatima Husain, cofounder and general partner of Mastry Ventures, will join Yuvo’s board of directors.
“Yuvo Health supports FQHCs, which are the only primary-care access point for millions of underserved Americans today. As an ecosystem and infrastructure partner, Yuvo provides FQHCs a technology, operational, and admin platform that unlocks value-based care, reduces medical costs, and increases quality care,” Husain said in a statement. “We are bullish on the critical role this industry pioneer will play in driving health equity forward.”
RELATED: Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki
Syntax Health, an enterprise value-based care company for health plans and providers, launched with $7.5 million in seed funding.
The company offers an enterprise solution that connects payers and providers to align on value-based care models and payments. It provides analytics, infrastructure and a virtual workspace where management teams can negotiate contracts and see projected financial impacts.
The platform was built at Redesign Health, a company that produces, launches and finds funding for other healthcare startups.
“After over a decade buying and selling value-based care solutions, I can say without a doubt that while the landscape may seem saturated, the majority of solutions are failing to address significant pain points and leaving huge gaps in the space of modeling and ‘best fit’ program design,” Rachael Jones, CEO and founder of Syntax, said in a statement. “We created Syntax to fill these gaps, providing every team member the analytics, infrastructure and a collaborative two-sided workspace needed to accelerate adoption. Value-based models are not one-size-fits-all so we don’t treat them that way.”
