LetsGetChecked Secures $30 Million Series B Funding to Expand Telehealth Diagnostics and Enhance Patient Access

VCBeat (WeChat Official Account: vcbeat) learned from foreign media that on May 8, U.S. local time, the medical technology company LetsGetChecked completed a $30 million Series B financing round. The funds from this round will be used to support the company’s expansion of online health diagnostic services, integration of medical resources, improvement of patient care efficiency, and reduction of healthcare costs.

It is reported that this round of financing was invested by Optum Ventures and others.

LetsGetChecked, founded in 2014 and headquartered in New York, USA, is a medical technology company. The company has established a digital health diagnostics platform that enables users to schedule diagnostic services online and receive their test results digitally on their electronic devices.

Users registered on the LetsGetChecked online platform can enjoy the following services: (1) Online appointment for health check-up services: Users can schedule regular health check-ups through the company’s platform to monitor their health status; (2) Appointment for video consultations with doctors: After receiving their health reports, users may choose whether to schedule a video consultation with a doctor for one-on-one discussion of relevant issues based on their specific circumstances; (3) Cloud-based data sharing: Users’ medical data can be uploaded to the company’s cloud platform, allowing them to directly send health reports to consulting physicians to facilitate scientific analysis of their health status.

Currently, the diagnostic and testing services offered by LetsGetChecked include cholesterol testing, thyroid health assessment, cancer screening, sexual health testing, fertility testing, genetic testing, and pharmacogenomic testing. Users simply need to purchase the company’s health testing kits, perform the tests at home, and schedule a pickup for the test samples by staff. Once the samples reach the medical institutions partnered with the company, healthcare professionals will conduct scientific analysis and comparison. Users can receive their test results as early as the next day. Throughout the entire process, users’ diagnostic and testing information remains confidential, alleviating concerns about privacy breaches.

Peter Foley, CEO and Founder of LetsGetChecked, stated, “We are deeply grateful for the support from our new round of investors. We will leverage the funds from this financing round to expand our business operations and deliver superior services to patients. Our mission is to enable patients to monitor their health at home and establish direct connections with physicians, thereby ensuring the quality of medical care.”

Dean McCausland, Chief Financial Officer of Optum Ventures, stated, “We are highly optimistic about the growth prospects of LetsGetChecked. As is well known, current healthcare resources are insufficient, and many patients face long waits at hospitals before receiving a diagnosis. Through our partnership with LetsGetChecked, we aim to introduce a new model of care that improves patient access and efficiency, reduces healthcare costs, and ensures the rational utilization of medical resources.”

Optum Ventures, headquartered in Massachusetts, USA, is a venture capital firm focused on early-stage investments in healthcare startups. To date, it has completed 11 investments. In addition to providing financial support to startups, the firm assists entrepreneurs with company management and market expansion for their products.

(Compiled by Liu Yujing)