Simple HealthKit, a provider of in-person, at-home, and virtual diagnostics and treatment for sexual wellness, respiratory health, chronic conditions, and other general health problems, raised $8 million in Series A funding.
Initialized Capital led the investment round with participation from seed investors Kleiner Perkins, Kapor Capital, and Quest Venture Partners.
The latest round brings the company’s total funding to date to $12 million.
With new funds, Simple HealthKit plans to expand its portfolio of diagnostics offerings to include Covid-19, respiratory syncytial virus, and Influenza B virus.
Founded by a diverse team of scientists, engineers, physicians and difference-makers, including CEO Dr. Sheena Menezes, Simple HealthKit aims to bring health equity to underserved needs. Simple HealthKit currently employs a network of care providers to offer healthcare treatment for its members. The company’s medical team starts treatment with reliable diagnostics (at-home, in-clinic or at-pharmacy) and fast results, providing immediate next steps for consultation and treatment if a person tests positive. Its medical team offers complete healthcare services from testing to telehealth and medication prescriptions.
“I was raised in India and Kuwait and saw hardships and health disparities at an early age. When I emigrated to the U.S. as an adult, I was shocked to see those disparities existed here too,” said Sheena Menezes, CEO of Simple HealthKit. “Healthcare should not be a privilege; it is a basic right. We founded Simple HealthKit to address inequities for the most common conditions plaguing all populations.”
“We focus on developing accurate diagnostics and combining them with follow-up care in a way that’s affordable, accessible and most of all helpful. It’s not easy, but it’s so important. This funding will help us further invest in innovation and accelerate our efforts to reach more people faster,” added Sheena Menezes.
Investors
“Simple HealthKit is transforming traditional diagnostics with a human-centric approach, providing accessible testing tools in tandem with thoughtful follow-up care,” said Garry Tan, Partner and Founder at Initialized, President and CEO of Y Combinator, and Simple HealthKit board member. “We believe this approach to diagnostics-as-a-service will be especially impactful in underserved markets where time and cost are often factors in whether or not people pursue care.”
Virtual care startups
According to our funding database, virtual care startups have raised more than $40 billion in funding. More recently, Doctor Anywhere, a telehealth startup providing virtual care for general health problems, raised $38.8 million in Series C funding led by Novo Holdings with participation from Asia Partners, Kamet Capital, Square Peg, IHH Healthcare, EDBI, and OSK-SBI Venture Partners. Turtle Health, a provider of virtual fertility counseling services, raised $5 million in Seed funding from Switch Ventures, Blue Seed Collective, NextGen Venture Partners, Mayo Clinic Ventures, and US Fertility, the parent company of IVF clinic Shady Grove.
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