FinTechFunding

Workit Health: Raises $118M in Series C Funding

Workit Health Raises $118M in Series C Funding

  • Workit Health, an Ann Arbor, Mich.-based virtual substance use disorder treatment company, raised $118m in Series C funding
  • The round was led by Insight Partners, with participation from CVS Health Ventures, FirstMark Capital, BCBS Venture Fund, and 3L Capital
  • The company intends to use the funds to accelerate growth into new markets, as well as expanding its primary and psychiatric care offerings
  • In addition, the company currently offers a coaching and counseling program nationwide. Its clinical and counseling programs are currently covered by insurance for over 93 million lives
  • The program includes telemedicine visits and medication e-prescribed to a local pharmacy
  • In 2021, WorkitHealth’s offerings expanded to include primary care for commonly occurring physical conditions like hepatitis C and PrEP, and psychiatric care
Previous article
Recharge Metals: Appoints drilling contractor for Brandy Hill South
Next article
IDfy: Raises INR 86 Crore in Series D Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments.Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...
FinTech

GoCardless Achieves Profitability in First Quarter

Fintech company GoCardless reports a significant financial milestone.Highlights: GoCardless has posted its first profitable quarter.The fintech company reported...
FinTech

AI Fintech Startup Round Raises $6 Million to Accelerate Growth

Funding will enhance AI-driven financial solutions for consumers.Highlights: AI fintech startup raises $6 million in funding.Investment aimed at...
FinTech

Wise Strengthens US Presence by Shifting Primary Listing

The fintech firm moves its primary share listing to the United States.Highlights: Wise to change primary listing from...