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Commons Clinic Announces $19.5M Series A Financing To Unseat Specialty Care Incumbents With Its New Model For Spinal Care, Orthopedics, And Pain Management

Oct 09, 2023about 2 years ago

Amount Raised

$19.5 Million

Round Type

series a

Los AngelesHealth Care

Investors

Bob Badal, Co Founder Of Strive HealthPaulo Da Costa, Co Founder And CooNick Aubin, Co Founder And CeoJohn Loser Of Floating PointElemyPatient PingCity MdCityblock HealthMike WestElliot CohenTime Bio VenturesCourtside VenturesFloating PointRa Capital Management

Description

Commons Clinic, the branded, value-based health system offering all-inclusive, expert care for spine, orthopedics, and pain management, today announced its $19.5M Series A financing led by RA Capital Management with participation from existing investors Floating Point and Courtside Ventures as well as new investor Time BioVentures. Today's financing brings Commons Clinic's total funding to $33.5M including investments from industry-pioneering angels such as Elliot Cohen (Co-Founder, Pillpack), Mike West (former CEO, Rothman Orthopedics), and founders from Cityblock Health, CityMD, PatientPing, Elemy and more. This round of financing sees Commons Clinic add two new board members, Prithviraj Singha Roy of RA Capital Management and John Loser of Floating Point, who join Nick Aubin, co-founder and CEO, Paulo da Costa, co-founder and COO, and Bob Badal, co-founder of Strive Health. Commons Clinic is a branded, independent, value-based health system ushering in a new era of service that isn't held hostage by today's stagnant hospital-centric model.

Company Information

Company

Commons Clinic

Location

2080 Century Park East, Suite 1204

Los Angeles, California, United States

About

Commons Clinic is a specialty health system offering all-inclusive, expert care. The platform converges value-based care, elite physicians, and a portfolio of state-of-the-art ambulatory facilities and surgical centers to offer an end-to-end service that delivers a phenomenal experience to patients. The company has raised more than $33M in venture capital from RA Capital Management, Floating Point, Time BioVentures, and Courtside Ventures, among others.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech