Xealth Secures $24 Million in Series B Funding to Accelerate Digital Health
Xealth has announced an additional $24 million in Series B funding, bringing its total raised to $52.6 million. The funding round was led by Advocate Aurora Enterprises, with additional participation from seven health systems–Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health, and Stanford Health.
Xealth’s digital health platform is currently available to more than 100,000 physicians, and the company says the additional funding will be used to double the Xealth team’s size, fuel product innovation, and further enable Xealth’s deployment nationwide.
“Digital health use is accelerating and can be a key driver of growth for hospital systems,” said Xealth CEO and co-founder, Mike McSherry. “The support from leading health systems, including Advocate Aurora, as well as The Health Management Academy, validates our approach to incorporating digital health in ways that empower both providers and patients and will elevate our growth, taking our technology vision to the next level and creating a personalized care experience that deepens the connection between patients and clinical care teams.”
Xealth has previously been backed by health systems including Atrium Health, Cleveland Clinic, Froedtert & MCW Health Network, MemorialCare Innovation Fund, Providence and UPMC. Additional investors include Cerner, LRV Health, Threshold Ventures, McKesson Ventures, Novartis, Philips, and ResMed.
Read the full press release on Xealth’s website.
Additional press coverage:
- Providence spinout Xealth raises $24M to expand digital health services(Geekwire, 09/21/21)
- See the 29-slide presentation that scored Xealth $24 million by convincing investors that it’s the best way to prescribe health apps(Business Insider, 09/21/21)
- Advocate Aurora Enterprises leads $24M funding round for Xealth Inc.(Milwaukee Business Journal, 09/21/21)
- 14 health systems invest in digital health startup Xealth(Becker’s Hospital Review, 09/21/21)
- How Xealth amassed 14 hospital backers for its digital health platform (MedCityNews, 09/23/21)