Summer Health locks down $11.65M for pediatric telehealth service
Pediatric telehealth startup Summer Health announced the close of a $11.65 million Series A raise led by 7wireVentures and Lux Capital.
Pivotal Ventures, a Melinda French Gates fund, participated in the raise alongside existing investors Sequoia Capital, Box Group and Chelsea Clinton’s Metrodora Ventures.
Alyssa Jaffee, partner at 7wireVentures, Alfred Lin of Sequoia Capital, Deena Shakir of Lux Capital and Chelsea Clinton of Metradora Ventures will join Summer’s board of directors.
WHAT IT DOES
Summer Health is a pediatric telehealth messaging service founded in 2022. Parents can text the service for treatment questions regarding breastfeeding, feeding issues and non-emergency needs like bumps and bruises.
The New York-based company plans to use the cash to expand its technology platform.
“Summer Health was founded to radically simplify access to pediatric care. Our 24/7 platform gives parents access to care that fits their lives in minutes from anywhere. I use it to guide my own parenting decisions and keep my children healthy, whether I’m at home, on vacation, or it’s the middle of the night,” Ellen DaSilva, founder and CEO of Summer Health, said in a statement.
MARKET SNAPSHOT
Summer Health raised $7.5 million in 2022 in a funding round led by Sequoia Capital and Lux Capital. A number of additional investors participated in the round, including Box Group, Shrug Capital, Metrodora Ventures, Springbank Collective, Coalition Operators and Moving Ventures.
Another pediatric care company is Owlet, which this week announced a partnership with telehealth staffing company Wheel to allow caregivers of infants to prescribe Owlet’s FDA cleared pulse oximetry socks.
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