What You Should Know:
– Color, a San Francisco, CA-based health technology company committed to advancing public health, announced a $100 million Series E financing round at a valuation of $4.6 billion led by Kindred Ventures and by certain funds and accounts advised by T. Rowe Price Associates, Inc. with participation by existing investors General Catalyst, Viking Global Investors, and Emerson Collective.
– Color makes population-scale healthcare programs accessible, convenient, and cost-effective for everyone. Color works with health systems, employers, and national health initiatives around the world, including Thermo Fisher Scientific, Salesforce, the Teamsters Union, the National Institutes of Health, the State of California, and the City of San Francisco, and more than 100 major employers and universities. Color provides the tools for preventive health and infectious disease management, including testing, vaccinations, and other services, and is responsible for the largest school testing program in the country.
Over the last two years, Color successfully implemented essential healthcare delivery programs in 16 states and federally with the National Institutes of Health for employers, governments and school systems. The company is currently running the largest COVID-19 testing program for K-12 schools in the nation and has supported more than 6,500 testing and 500 vaccination sites across the country. Now, Color will build on its model to offer new programs that deliver the last mile of care across essential healthcare services. Color will begin this expansion in essential healthcare services and STI services, providing programs that help populations get access to screening, diagnostics, and initial treatments for a variety of health needs anywhere they are.
Color’s offerings will now include vaccination and preventive health services for schools and employers, as well as infectious disease management programs for public health settings. The combination of existing offerings and new services expands the company’s work building public health technology and infrastructure for governments, employers, and other institutions that care for large populations.
Through partnerships with public and private institutions such as Thermo Fisher Scientific, PerkinElmer, Salesforce, the Teamsters Union, the National Institutes of Health, the State of California, and the Executive Office of Health and Human Services of Massachusetts, Color’s infrastructure and software make it possible for large populations to receive essential healthcare services directly where they live or work. Color has partnered with nearly 1,000 organizations, including public health departments, universities, and employers to offer access to fast, reliable and convenient healthcare services.
“What we have built will serve as a critical piece of public health infrastructure to deliver access to healthcare services to those who need them most,” said Color CEO Othman Laraki. “We have learned that there is an exponential uptick in people’s ability to use these services as they become simpler and more convenient. Public health should happen where public life happens.”