Integrated digital wellness startup Recuro Health has raised $15 million in a Series A funding round led by ARCH Venture Partners, with participation from existing seed round investors OLSF Ventures, Cortado Ventures, 1843 Capital and Sage Venture Partners.
The fresh infusion of capital will be used to help the Richardson, Texas-based company continue its plan to acquire other startups, expand its marketing campaign and boost its growth since launching earlier this year.
Robert Nelsen, co-founder and managing director of ARCH Venture Partners, said in a press release on Wednesday (Aug. 25) that Recuro Health is “disrupting the traditional healthcare delivery system,” and pointed to its leadership by the Teladoc team, which he said was instrumental in helping create the digital health category over 20 years ago.
“Recuro is an innovative healthcare solution provider, with a business model that is bringing to reality improved outcomes and more efficient care,” Nelsen added.
The integrated digital health startup aims to move the U.S. healthcare system from one that is steeped in reacting to symptoms and applying disease diagnoses to one that is based on outcomes, according to the press release.
Recuro Health CEO and Co-founder Michael Gorton said the fresh capital infusion will be used to further advance the startup’s “market-leading position in the digital health solutions space.”
He added investors who believed in the company have helped it develop its “innovative approach to solving some of the most pressing challenges in healthcare,” and that Recuro’s solid management staff has also enabled the startup to make headway.
You may also like: Geisinger Debuts Zero-Interest Payment Plans For Consumer Medical Expenses
Recuro operates a virtual health platform that offers a “curated suite” of digital tools running the gamut of primary care, mental health, genetic screening and more, according to the release. The customizable solutions empower people to interact directly with doctors while also taking charge of their own health.