Serena Williams-backed Juno Medical scores $12M in Series A funding

by | Dec 12, 2022 | Health Blog | 0 comments

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Digital and in-office healthcare supplier Juno Medical raised $12 million in Sequence A funding spherical co-led by tennis star Serena Williams, managing accomplice at Serena Ventures, and Julian Eison, managing accomplice at NEXT VENTURES.

Huge Ventures, which led Juno’s seed spherical, additionally participated within the Sequence A funding alongside Empire State Improvement’s New York Ventures, Genius Guild, TXV Companions, Gaingels, and former traders Humbition and Atento Capital.

The most recent funding brings Juno Medical’s total raised to $28.4 million, in keeping with Crunchbase. 

WHAT THEY DO

Juno Medical is a healthcare service supplier that provides on-site appointments with physicians at their two New York-based brick-and-mortar services and digital companies for sufferers in New York and Georgia. 

The corporate presents particular person and household care, wellness, specialty care, and on-site labs and imaging companies. 

The funds will likely be used to broaden into new markets and rent new suppliers. The corporate plans to open new clinics in traditionally marginalized communities, together with East Atlanta, the Greenwood District of Tulsa, Okla., and the Metropolis of Inglewood close to Los Angeles, Calif. Juno can even use the funding to develop its expertise platform. 

“We’re honored to accomplice with Juno to broaden upon their inclusive, full-service healthcare dwelling mannequin the place individuals from all backgrounds really feel seen, heard and welcome,” Williams mentioned in a press release. “There’s a severe want to handle fairness points in healthcare, psychological well being and wellness companies that many communities face. Juno and its gifted workforce have the imaginative and prescient, mannequin and observe file to disrupt the unacceptable establishment in healthcare.”

MARKET SNAPSHOT

A number of corporations supply clinics geared towards offering look after particular populations. 

Digital specialty care firm Oak Street Health is a sequence of major care clinics geared towards the Medicare inhabitants. The corporate acquired digital specialty care supplier RubiconMD for as much as $190 million in 2021. 

Tia, a ladies’s health-focused hybrid supplier, introduced it opened the primary of 10 deliberate brick-and-mortar clinics within the Bay Space in Could. It additionally introduced a partnership with UCSF Health. The organizations would construct a community of built-in clinics to permit sufferers to coordinate specialty and inpatient care extra simply at UCSF.

Different corporations within the hybrid care house embrace One Medical, a membership-based major care group that provides digital care in addition to in-person visits. Amazon announced plans to acquire One Medical in an all-cash deal value roughly $3.9 billion earlier this yr.

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