Tuesday, November 30, 2021

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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
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