Close

Digital health startup Grand Rounds raises $55 mln in funding

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

WHO Supplies Medical Equipment for Post-Marburg...

In a recent move, the World Health Organization has...

Life Sciences Sector Plan Sets UK...

Main Article: UK Life Sciences Sector Plan Sets Sights...

UK Government Launches Ambitious Life Sciences...

Government Unveils Life Sciences Roadmap for Growth and Innovation London,...

Highly Customized Treatments to Offer Specialized...

The Human Medicines Regulations 2025, which came into force...
U.S. digital health startup Grand Rounds, which connects patients with medical experts mainly for a second opinion, said it had raised $55 million in new capital.

Grand Rounds' app and website connect patients in more than 120 countries with doctors, surgeons and other specialists in over 110 U.S. institutions.

The company, whose customers include Comcast Corp, Costco Wholesale Corp and Evernote, said on Thursday it would use the funds to expand its technology, care team and analytics platform.

The latest round of financing brings Grand Rounds' total funding to $106 million. Investors in the company include former Facebook Inc Chief Financial Officer David Ebersman and Rockefeller family's venture capital arm, Venrock.

Technology news website Tech Crunch reported in June that Grand Rounds was valued at around $750 million as part of a new financing round, citing sources.
Grand Rounds said it gets more than 80 percent of its revenue from companies looking to save costs on healthcare plans for employees.

"As a CEO of one of our customers recently told me, he is spending less on Grand Rounds then he is spending on coffee per employee for his company," Owen Tripp, co-founder and chief executive of Grand Rounds, told Reuters.

The San Francisco-based company helps its corporate customers save healthcare costs by connecting employees seeking medical opinion with relevant specialists using algorithms.

This process helps reduce patient complications and failed treatments, resulting in lower staff healthcare costs for companies.

Latest stories

Related stories

WHO Supplies Medical Equipment for Post-Marburg Virus Heal

In a recent move, the World Health Organization has...

Life Sciences Sector Plan Sets UK on Global Growth Track

Main Article: UK Life Sciences Sector Plan Sets Sights...

UK Government Launches Ambitious Life Sciences Sector Plan

Government Unveils Life Sciences Roadmap for Growth and Innovation London,...

Highly Customized Treatments to Offer Specialized Care to UK

The Human Medicines Regulations 2025, which came into force...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back