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

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...
FinTech

UK Banks Strengthen Cybersecurity with Anthropics Mythos Model

New collaboration enhances banks' defense against cyber threats.Highlights: UK banks to access Anthropics Mythos model in the upcoming...
FinTech

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...