knownwell – a provider of in-person and virtual primary care and metabolic health services for people looking to shed weight and build a healthy lifestyle – raised $4.5 million in seed funding.
Flare Capital Partners led the investment round with participation from Flybridge LTV Operator Fund, Oxeon, Larry Summers, Brynn Putnam (of Mirror), Lydia Gilbert (of Dia & Co), and Varsha Rao (of Nurx).
knownwell plans to use the strategic capital to scale up its comprehensive digital and in-person healthcare clinic that offers metabolic health services, comprehensive primary care, obesity treatment, nutrition counseling, and behavioral health services.
According to the latest research, 55% of patients affected by obesity or are overweight have canceled an appointment due to anxiety about being weighed, 69% have experienced weight-related stigma from their doctor, and 52% of women report their weight being a barrier to receiving appropriate healthcare.
knownwell aims to help patients with obesity and overweight to reach their personal health and wellness goals by providing evidence-based medicine, in-person and virtual comprehensive primary care, and metabolic health services.
Investors
“We are thrilled to partner with knownwell, which we believe will fundamentally change how historically underserved patients with metabolic health needs receive healthcare across the country,” said Ian Chiang, Partner at Flare Capital Partners.
“Over 40% of US adults with obesity, it’s no secret that patients are eager to access personalized metabolic health services, and many of these patients ask for a comprehensive medical home that can also provide primary care, behavioral health, dietary, and other services. knownwell will be the first in this space to create accessible, comprehensive care for patients across the US, both virtually and in person,” added Ian Chiang.
Telemedicine companies
Telehealth companies have raised more than $40 billion in funding to date, according to our funding database. More recently, 98point6, a provider of text-based primary care service through a mobile app, raised more than $20 million in equity funding from the Growth Fund of L Catterton and Activant Capital. In another deal, Everside Health, a provider of in-person and virtual primary care services, raised $164 million in growth equity funding from New Enterprise Associates (NEA), Oak HC/FT, Alta Partners, and Endeavor Catalyst.
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