Denver-based in-home care provider DispatchHealth raised $330 million in funding, with the equity raise led by Optum Ventures. This brings the company’s total raise to over $700 million.
New investors Blue Shield of California, Olayan Group, Adams Street Partners, Pegasus Tech Ventures and Silicon Valley Bank joined in funding. Existing investors supported the round, including Humana, Questa Capital, Oak HC/FT and Echo Health Ventures.
Silicon Valley Bank and K2 HealthVentures led the debt raise.
The funds will be used to continue building the company’s proprietary platform, called the Last Mile Health Care Technology Platform, aimed to help with care delivery via logistics, clinical support and coordination with other parties in its ecosystem.
The latest funding round was initially reported by Home Health News.
The recent raise comes after the in-home care provider announced it scored $200 million in Series D funding in early 2021, which brought the company’s total