Strive Health, a Denver-based healthcare company that seeks to improve kidney disease care, announced on 16th March 2021 that it has raised US $ 140 million in its Series B round. The round was led by CapitalG along with participation from Redpoint, Town Hall Ventures, Echo Health Ventures, New Enterprise Associates and Ascension Ventures.
Investors: CapitalG is Alphabet’s independent growth fund. It was founded in the year 2013 by David Lawee and it essentially invests in late-stage funds in companies/startups that have a well-established product market fit and are ready to scale. To date, as it claims, CapitalG has around US $ 3 billion in assets under management and its portfolio includes thriving companies such as Airbnb, Duolingo, Robinhood, Credit Karma, Databricks, and more.
“Chronic and end-stage kidney disease patients continue to be underserved by the current healthcare system. Strive has built an industry-leading kidney care solution that has the potential to transform patients’ lives”— Sumi Das, partner at CapitalG.
Purpose of investments: The current round of investment will help Stive Health to support its innovative whole-patient kidney disease solution. Further, Strive Health has signed contracts with many leading health care companies to provide its innovative solution, and it plans on implementing an aggressive growth plan in the current year.
About Strive Health:
Strive Health was founded in the year 2018 by Chris Riopelle. Its kidney care platform is specifically designed to enhance chronic kidney disease care and end-stage renal disease in a value-based setting.
With the help of advanced technology and AI-powered progression monitoring, Strive Health enables patients to slow down kidney disease progression, prevent unnecessary hospitalisation and reduce the overall kidney care cost. Further, Strive Health seeks to increase access to renal replacement or transplant in case the disease progresses to the failure stage.
Strive Health’s mission statement goes as follows- “Strive Health sets the standard for the rest of healthcare in how revolutionary change can be done. We are starting over because we must. We deliver compassionate kidney care the way it should be done.”
What the CEO has to say:
“Our focus is on providing great patient care. Technology is a critical aspect of doing this well, and our unique partnership with CapitalG will help us profoundly elevate our growth and technology vision by leveraging the insights and expertise of the best and brightest minds at Google and Alphabet”—Chris Riopelle, founder and CEO of Strive Health.
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