San Francisco, USA a virtual and community-based primary care solution connecting Medicaid’s highest-risk patients to high-quality care, Pair Team raised USD 9 million in Series A funding. The round took place on October 19, 2023. NEXT VENTURES led the financing for the company. Meanwhile, PTX Capital, Kapor Capital, Kleiner Perkins, and Y Combinator provided the investment. Several notable healthcare angel investors such as Jay Desai joined in the funding.
Purpose of financing for Pair Team
With the latest proceeds, Pair Team seeks to fuel its expansion across California by enabling the company to grow its network of safety net organizations. It also has plans to scale its current team to support additional patients. Pair Team is passionate about building a team of individuals. They should align with the mission of improving the wellbeing of underserved communities. In addition to care providers and other licensed practitioner positions, Pair Team also seeks to fill several roles. It includes positions such as executive operations and director roles, as well as local community-based care team members.
What the company’s official has to add
Neil Batlivala, CEO and co-founder of Pair Team said, “Pair Team’s hands-on approach is changing lives for thousands of Californians. Those who are not able to access the care needed to better their health. Our virtual and community-based solution builds personal and meaningful relationships with our patients. It seeks to help them regain trust in and access to the healthcare system. This latest financing will help us bring whole-person care to more patients across California and soon nationally. This is Medicaid’s regulatory moment, and we are here to help catalyze much-needed change for the wellbeing of our most vulnerable communities.”
What the investors have to comment
Julian Eison, Managing Partner at NEXT VENTURES, said, “Pair Team’s commitment to enabling existing safety-net organizations to improve healthcare for individuals complements our thematic focus on Whole Person Health. We continue to be impressed by their ability to execute according to plan, effectively driving strong engagement and meaningful clinical outcomes. As the healthcare landscape rapidly shifts toward value-based care, all stakeholders need to work together to prioritize inclusive, effective, and patient-centric outcomes, and Pair Team is developing a blueprint for success. We are honoured to be partnered with Neil, Cassie, and the greater Pair Team on this company’s remarkable and promising journey.”
About Pair Team
Pair Team connects underserved communities to high-quality care by partnering with local health centres and community-based organizations. It acts as an extension of its partners to provide comprehensive clinical and mental health care while addressing the many social barriers to achieving a high quality of life, such as access to housing, food or transportation. The company’s shared community health platform leverages artificial intelligence to implement clinical best practices, making it the market leader in California’s complex care program.
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