Funding Overview
Sprinter Health, a company focused on providing in-home healthcare services, has successfully raised $55 million in a Series B funding round. This round was led by General Catalyst, with participation from notable investors such as:
- Andreessen Horowitz (a16z) Bio + Health
- Regents of the University of California
- Google Ventures
- Accel
This latest investment brings Sprinter Health’s total funding to over $125 million since its inception in 2021.
Company Mission and Services
Sprinter Health aims to improve access to healthcare by partnering with regional healthcare organizations. The company sends nurses and phlebotomists to patients’ homes to perform:
- Blood draws
- Vital checks
- Medical tests, including COVID-19 screenings
Patients can easily book appointments through an app and receive notifications when their healthcare provider is on the way.
Future Plans
According to Max Cohen, co-founder and CEO of Sprinter Health, the funds will be utilized to:
- Scale their technologies
- Expand their services to reach a national audience
Cohen stated, “We’ve been relatively quiet publicly for the past few years because we wanted to demonstrate we could affordably get to patients’ homes, give them a great clinical experience and drive ROI for our payer partners.”
Market Context
In 2022, Sprinter Health collaborated with Firefly Health to integrate its services into Firefly’s virtual primary care model. This partnership allows Firefly members to receive various healthcare services at home, including:
- Lab draws
- Vital checks
- Electrocardiograms
- Diabetic eye exams
- Food screenings
Sprinter Health’s growth has been significant, expanding from five states in 2023 to 18 states currently, with plans to reach 22 states by the end of summer 2025.
Industry Comparisons
Other companies in the home care sector include:
- Reimagine Care: Partnered with MedStar Health to enhance oncology care delivery.
- Kismet: Recently secured $8.2 million in seed funding to connect care receivers with healthcare providers.
- Best Buy Health: Collaborating with Mass General Brigham to support home-based care services.
Sprinter Health’s innovative approach combines technology with in-person care, aiming to engage patients who may not have been utilizing healthcare services effectively. The company is focused on closing care gaps and improving health outcomes for its patients.