The team at Eden Health is proud to announce that we raised $25 million in Series B financing, led by Flare Capital Partners with participation from Greycroft, Aspect Ventures, and other investors. As outlined in a recent Forbes article, the new funding enables us to extend our goal of elevating the health and wellbeing of employees everywhere.
Founded by Matt McCambridge, CEO, and Scott Sansovich, Chief Product Officer, Eden Health is a concierge medical provider that unifies 24/7 primary care, mental health and insurance navigation and has grown to include best-in-class COVID-19 reopening solutions.
As with many other incredible startups, the genesis of our organization is a personal experience. When Matt was 10 years old, his sister suffered from an undiagnosed illness and visited more than 70 specialists over the span of four years – and none of them coordinated with each other. Consequently, Matt and Scott started with the idea that every person should have a relationship with a trusted healthcare provider that can help quarterback care. The result is an integrated 360 approach to deliver better healthcare at a lower overall cost. By combining in-person and virtual healthcare, Eden improves the patient experience with continuous coordinated care.
“The ability to deliver comprehensive, integrated primary care and behavioral care while helping people through the complexity of healthcare and health benefits is more important than ever,” said Dr. Alan Spiro, Chairman of Eden Health’s Medical Advisory Board. “Of course employers want to offer exceptional health benefits, but beyond that, they now understand how the aggregate health of their employee population has a direct impact on their business operations.”
Eden Health was one of the first companies to offer a market-leading COVID-19 solution at the start of the pandemic in March of 2020. We help landlords and employers customize a comprehensive back-to-work plan for their tenants and employees including screening, testing, and monitoring of symptoms. As Bloomberg noted, we are “akin to TSA-PreCheck for Covid-19.” Demand has spiked 500% since the onset of the novel coronavirus, and we are honored to help so many businesses reopen with confidence.
The new round of funding, which brings the total raise to $39m, will allow us to expand our service lines and to continue delivering the best care to our members. We are grateful for the opportunity to serve more patients in more ways, particularly during these unprecedented times.