Lemonaid Health San Francisco based company, a convenient, affordable on-demand platform for accessing healthcare online, funded $33 million in Series B funding.
Olive Tree Ventures led the series funding with Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures, and others. The company means to use the funds to expand its medical professionals’ team and increase the number of services offered to patients, including treatment for asthma, hypertension, Type 2 diabetes, and more mental health services.
Lemonaid Health started in 2013 to develop a direct-to-consumer, primary care platform that uses technology to change the way people interact with health care. Users pay for the care themselves, and the visits cost about the same as insurance co-pay, said Paul Johnson, the CEO of Lemonaid Health.
Now in pandemic has accelerated telehealth’s integration and transformed the way consumers interact with their healthcare providers. In a few minutes, patients can communicate with a U.S.-licensed physician or nurse practitioner for diseases like anxiety and depression, urinary tract infections (UTIs), birth control, hair loss, hypothyroidism, erectile dysfunction, genital herpes, and sinus infections. Patients are also given free and fast delivery of prescription medications through the platform to speed treatment.
Alejandro Weinstein, the general partner at Olive Tree Ventures, said they are excited to collaborate with Lemonaid Health because of the full potential of technology in re-envisioning the future of health care. Also, by connecting directly with patients in need and seamlessly providing consultative services and treatments, the Lemonaid Health team is taking a cutting-edge approach to addressing the backlog of urgency in today’s healthcare environment.
By: K. Tagura
Author statement:
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