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Imagine Pediatrics, a hybrid care company for children with special health needs, has secured $67 million in Series B funding.
Existing investors Optum Ventures, Oak HC/FT and Rubicon Founders participated in the round, alongside new strategic investors, including Autism Impact Fund (AIF).
WHAT IT DOES
The Tennessee-based company offers 24/7 virtual and in-person care for children with special healthcare needs in Texas, Florida and the District of Columbia.
The company offers a healthcare team that includes nurses, physicians, therapists and social workers; however, the company says it does not replace a child's current doctor but instead works with them to expand access to medical, behavioral and social support.
Imagine, founded in 2022, said it will use the funds to expand nationally, enhance its technology platform and field clinical innovation to close existing care gaps.
"As the investment and innovation arm of the autism community, AIF is proud to become a strategic investor with Imagine Pediatrics, supporting their mission to reimagine pediatric health care together," Chris Male, cofounder and managing partner of AIF, said in a statement.
"We look forward to being part of the continued growth of Imagine Pediatrics as it expands its reach and positive impact in vulnerable and underserved populations."
MARKET SNAPSHOT
Other companies in the pediatric virtual care space include Chicago-based Zarminali Health, a multispecialty pediatric practice group.
The company launched last year with $40 million in seed funding led by General Catalyst, which included a venture debt facility.
New York-based Summer Health offers a pediatric telehealth messaging service, which allows parents to text the service with treatment questions regarding breastfeeding, feeding issues and nonemergency needs like bumps and bruises.
Last year, the company closed a $11.65 million Series A raise, two years after raising $7.5 million.
Pediatric virtual behavioral health company Brightline secured $105 million in funding in 2022, with an additional $10 million in Series C funding.
Brightline offers virtual behavioral health services to children and their families. The company works with employers and major insurers to provide accessible coaching and therapy services.
