Healthcare Technology Platform Vim Secures $24 Million Series B Funding to Advance Product Development and Hiring Plans

On September 11, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that healthcare technology platform Vim had completed a $24 million Series B financing round. The round was led by Optum Ventures and Premera Blue Cross, with participation from Great Point Ventures, Sequoia Capital, and Leverage Health Solutions.

Vim plans to use the proceeds from this financing round to expand its U.S. market presence, accelerate product development, and advance its hiring initiatives.

Vim is a healthcare technology platform R&D company, founded in 2015 and headquartered in San Francisco, USA. The company has developed an online service that helps patients find, schedule, and receive medical care from doctors. Currently, Vim serves healthcare institutions in California, Washington, Alaska, Florida, and Texas. The company planned to expand its operations to other U.S. states in 2020.

Oron Afek, Co-founder and CEO of Vim, stated: “The Vim platform helps simplify the complexities of navigating the healthcare system and coordinates stakeholders within the healthcare market. We leverage technology to enable healthcare providers to deliver high-quality care to patients.”

Vim Co-Founder and CEO Oron Afek stated, “The U.S. healthcare system is the most expensive in the world, with Americans spending many times more on healthcare annually than Germany’s entire GDP—the world’s fourth-largest economy—largely due to arbitrary or problematic medical service pricing. By matching patients with physicians who meet their specific needs, Vim can reduce treatment costs for both patients and healthcare providers.”

Optum Ventures is the investment arm of Optum, a U.S. healthcare company, dedicated to investing in high-potential startups within the healthcare sector.

Premera Blue Cross is a non-profit health insurance company headquartered in Washington State, USA. The company provides health insurance and related services to approximately 2 million people.

GPV is a professional venture capital firm focused on investing in early-stage technology companies. GPV invests in fields such as biotechnology, energy, clean technology, telecommunications, materials science, and semiconductors.

Sequoia Capital is a venture capital firm founded in 1972 in Silicon Valley, United States, with its headquarters located in Menlo Park, California. Sequoia Capital focuses on investing in startups across sectors such as energy, finance, healthcare, and the internet.

Leverage Health Solutions is a mergers and acquisitions advisory firm specializing in the healthcare sector, headquartered in New York, USA. Drawing on extensive industry experience, the company provides first-class services to a wide range of healthcare organizations.

(Compiled by Tian Shuhang)