Foundation Health, a San Francisco-based healthcare technology company, announced the closing of a $6 million seed funding round.
The investment is backed by investors including Y Combinator CEO Garry Tan, Transpose Platform, Tuesday VC, Alt Capital, Box Group, Liquid Ventures, Exceptional Capital, Calm/Storm Ventures, and PageOne Ventures, leading the company into a period of growth. The purpose is that. .
Angel investors Paul Johnson of Lemonade and Megan Fitzgerald of Gray Ghost Advisors also participated in the round.
function
Foundation Health is focused on redefining the consumer healthcare experience by enabling clients to develop and deploy digital-first pharmacy and telehealth solutions at scale.
The health tech company focuses on three key areas: APIs for telehealth prescribing and pharmacy services, virtual pharmacy services, and virtual direct-to-consumer services.
Foundation Health will use the funding to work to provide healthcare companies with services that can be quickly deployed at scale, often within days.
“Our vision is to grow Foundation Health into the definitive technology platform for powering and managing complex consumer healthcare operations around the world. With this funding, we will be able to accelerate our product development. We are ready to accelerate, engage customers currently on our waitlist, and continue to engage with new customers,” Umar Afridi, Founder and CEO of Foundation Health, said in a statement. „We are delivering exactly what the market needs. We are thrilled with the initial demand for our products and expect to reach profitability within approximately 18 months.“
bigger trends
Other companies looking to expand SaaS offerings in the healthcare space include data protection company AvePoint; Salesforce SaaSProductTiv, and microsoft azure.