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Lemonaid Health Raises Oversubscribed $33 Million Series B to Expand Telehealth Offering

PRIVATEJul 31, 2020

Amount Raised

$33 Million

Round Type

Series B

San FranciscoHealth Care

Description

 Lemonaid Health, a convenient, affordable, on-demand platform for accessing healthcare online, has raised a $33 million Series B round of funding, bringing total financing to $55 million. The oversubscribed round was led by Olive Tree Ventures with participation from Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures and others. With the investment, Lemonaid Health will expand its team of medical professionals and increase the number of services being offered to patients, including treatment for asthma, hypertension, Type 2 diabetes and more mental health services.

Quick answer

Lemonaid Health raised $33 Million in a Series B round, dated July 31, 2020. Lemonaid Health is based in San Francisco, California, United States.

How much did Lemonaid Health raise?
Lemonaid Health raised $33 Million in a Series B round on July 31, 2020.
What does Lemonaid Health do?
Lemonaid Health is leading the next wave of innovation in telemedicine and prescription drug delivery.
Where is Lemonaid Health based and how big is it?
Lemonaid Health is based in San Francisco, California, United States.

Source: Fundz verified event record.

Who else raised in Health Care around the same time

Companies in the same sectors as Lemonaid Health that raised within 45 days of this round, from Fundz verified event records.

  • Bond Biosciences raised $4.5M on September 14, 2020.
  • Artivion raised $20M on September 14, 2020.
  • Escient Pharmaceuticals raised $78M (Series B) on September 14, 2020.
  • BioIntelliSense raised $25M on September 10, 2020.
  • Casma Therapeutics raised $50M (Series B) on September 10, 2020.
  • BioIntelliSense raised $12M on September 10, 2020.

Who to call at Lemonaid Health, and when

A new round usually means Lemonaid Health is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Lemonaid Health raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Lemonaid Health, from your own LinkedIn network

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Company Information

Company

Lemonaid Health

Location

San Francisco, California, United States

About

Lemonaid Health is leading the next wave of innovation in telemedicine and prescription drug delivery. The Lemonaid Health platform leverages clinical algorithms to augment its experienced physicians' knowledgebase, enabling patients to quickly, safely and inexpensively get care and prescriptions for a variety of common medical conditions. The company's mail order pharmacy ships medicine the same day. The Lemonaid Health medical team, website and mobile app have garnered an industry-leading Net Promoter Score of 89. Venture-backed and based in San Francisco, Lemonaid Health is taking on the challenge of creating a new and better healthcare system for the future. Learn more at lemonaidhealth.com.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Lemonaid Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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