Workit Health: Raises $118M in Series C Funding

October 20, 2021

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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