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You are at:Home»Startups»Sprinter Health increases $ 55 million to extend home health care service
Startups

Sprinter Health increases $ 55 million to extend home health care service

techtost.comBy techtost.com15 May 202503 Mins Read
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Sprinter Health Increases $ 55 Million To Extend Home Health
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When Max Cohen and Cameron Behar began to start a start together during the pandemic, they decided to focus on the top sector of the season: healthcare.

But because neither Cohen nor Behar had a background in healthcare (both worked on Google and Facebook in the past), they had to think very much about how to contribute to a domain that dominated public consciousness then.

Telehealth also became extremely popular, and in those years, but the twin recognized that not all patients could be served remotely.

So Cohen and Behar built Sprinter To fill this gap by offering home preventive services, such as blood draw, diabetes eye controls and projections of colon cancer. The start states that its purpose is to serve and redefine patients who have not used the health system so that they can stay healthy for a long time.

The four -year -old sprinter is rapidly growing: it now operates in 18 states (compared to five in 2023) and has seen revenue growing six times in the past year, Cohen said.

This progress has helped start to attract a $ 55 million B -series round driven by General Catalyst. Andreessen Horowitz and other existing investors, including the University of California, Google Ventures and Accel regions, also participated. Fresh capital brings total funding to start to $ 125 million.

Sprinter Health’s secret sauce is the technological logistics system, which provides optimal routes and timetables to its clinical professionals, venous people intersect as medical assistants and community workers in the health sector.

“We need to ensure that our employees spend as much time as possible to serve patients rather than leading,” Cohen said. The company simulator, which represents variables such as traffic, weather and parking, helps its clinical staff (known as Sprinters) serving up to 12 patients daily.

“There have been many home -based care companies that have failed because it is really difficult to make the unit’s economy when you develop people in the field,” Julie Yoo, a general associate at the A16Z, told Techcrunch. “If you do not have very tight operating systems, it is really difficult to build a business that can be viable and durable over time.”

Yoo, who is on the company’s board of directors, compared Sprinter Health companies with Instacart and Doordash, as food delivery companies also have to serve as many customers as possible to achieve strong gross margins.

Sprinter Health services are free to members of the company’s health insurance partners, which include Medicare and Medicaid.

a16z Care Exclusive extend General Catalyst health home increases million service Sprinter
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