What You Should Know:
– Wheel, a Austin, TX-based virtual care company, today announced a $50M series B round led by Lightspeed Ventures with participation from existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan. The round brings its total funding to $66M to date.
– Today Wheel provides its white-labeled service to companies across a wide variety of industries, including publicly-traded digital health companies, tech companies, retailers, labs, and medical device companies.
– Wheel’s technology connects patients with clinicians across more than a dozen attributes, ensuring patients are matched with the best clinician for their care needs. For example, connecting LGBTQIA+ patients with primary care clinicians that have been trained to provide affirming care. This personalized approach also allows companies to leverage clinicians only when they’re needed, significantly driving down costs, meeting patient demand in real-time, and addressing industry-wide clinician shortages.
– Wheel will expand its current training resources to support all clinicians in the transition towards virtual-first and hybrid care models. The company will also continue investing in its clinician networks, expanding into new specialties as well as triage and front-line care navigation.