In 2 months, telehealth company American Well raised $365M

by Liz Warren
July 19, 2018
doctor
image via shutterstock

Healthcare could use a good shakeup, and American Well just raised $75.4 million to do so.

The company, which announced a $290 million funding round a little over a month ago, provides telehealth solutions for patients and doctors alike. Through the platform, patients are able to meet with physicians via on-demand video chats.

The company also helps physicians connect with one another, which is a feature that was created after its acquisition of telehealth company Avizia. With this capability, the platform helps bridge the communication gap between doctors across different offices and hospitals.

Advancing global health digitally is a big mission, and one we know we cannot accomplish alone."

Representatives at American Well declined to comment, but have said in the past that healthtech is an industry that requires significant collaboration for the greater good — perhaps the reason for 134 investors in its latest funding round.

"Advancing global health digitally is a big mission, and one we know we cannot accomplish alone," Chairman and CEO Ido Schoenberg, MD, said in a statement. "Our scalable telehealth platform and partnership ecosystem are key to any global solution. We are encouraged by great support from across the healthcare industry thus far, and we invite companies and thought leaders across health, tech and business to join our mission to advance the quality, accessibility and economics of global healthcare through digital connectivity."

American Well’s latest investment brings its total funding amount to $441.5 million. It currently has offices in the financial district, and is used at more than 70 health systems across the world.
 

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