Minneapolis, USA-based nationwide digital specialty care clinic Gem Speciality Health raised seed funding. The company announced the investment on September 11, 2023. HealthTrend Capital led the financing for the company. Meanwhile, existing investor Base10 Partners also joined in the round. New investors such as Mairs & Power Venture Capital also provided the investment. So far, the company’s total financing amounts to more than USD 5 million.

As a part of the deal, HealthTrend Capital’s Managing Partner, Bill Brinkman, and Sam Meckey, CEO of UpHealth (NYSE: UPH), joined GEM HEALTH’s Board of Directors.

Purpose of financing for Gem Speciality Health

With the latest financing, GEM seeks to expand its payment options by offering insurance coverage through more local and national health plans. The company has plans to make convenient care affordable to millions. 

What the founder of Gem Speciality Health has to say

Brian Sauer, Founder and CEO, GEM HEALTH, said, “We started in obstructive sleep apnea because we witnessed firsthand the tradeoff many patients were making with regards to their care – trying to decide if they should go to traditional providers and wait 3-4 months for care or try an online option that does not accept insurance and may not have clinical rigour. Millions of patients just give up and continue to live with OSA. Patients do not want to have to choose between convenient, clinically sound, and insurance-covered. They want all those things in a single experience. We are proud to say that GEM has built this model and will be rapidly scaling it with the support of our latest investment.”

What the investors has to add

Bill Brinkman of HealthTrend said, “I am excited to partner with GEM in its mission to improve the sleep care experience. The company’s comprehensive approach streamlines the journey for patients navigating complex conditions, ultimately improving outcomes and reducing costs. I look forward to working with Brian and the broader GEM team to support their growth and success.”

About the company 

In 2022, Brian Sauer launched Gem Speciality Health. GEM SLEEP, the company’s first product, helps the estimated 30 million people with obstructive sleep apnea find relief. GEM SLEEP provides a simple, guided experience through diagnosis, treatment, as well as ongoing support. It further helps to reduce the time to relief from months to weeks. GEM SLEEP treats patients in more than 48 states + DC. In addition, the company is already expanding reimbursement options through health plans and employers to ensure broad access to care.

For more extensive analysis and Market Intelligence reports, feel free to approach us.

We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know

if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover

–what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!

Next Article

Previous articleSingapore-based Travelstop acquired by Wego
Next articleUSA-based Goodles raises USD 13 million in Series A
Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


Please enter your comment!
Please enter your name here