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

PRIVATEJul 31, 2020•almost 6 years ago

Amount Raised

$33 Million

Round Type

series b

San Francisco

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.

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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