Home Health LetsGetChecked Remote Diagnostics Receives $ 150 Million in Series D

LetsGetChecked Remote Diagnostics Receives $ 150 Million in Series D

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Home diagnostic testing startup LetsGetChecked has completed a $ 150 million Series D funding round.

Casdin Capital has spearheaded investments with additional participation from CommonFund Capital, Illumina Ventures, Optum Ventures, Transformation Capital, HLM Venture Partners, Qiming Venture Partners USA and professional golfer Rory McLroy through Symphony Ventures.

After previous rounds of funding in 2018 Nov., Dec 2019 as well as Feb 2020The New York-based company has raised over $ 260 million to date.

WHAT IT DOES

LetsGetChecked offers over 100 types of home tests, including tests for sexual health, cholesterol, diabetes, thyroid and COVID-19.

Buyers receive their kit by mail, with which they collect and return a personal sample for testing. One of the startup’s laboratory partners analyzes the sample and returns it to the LetsGetChecked clinical team, which can also provide follow-up treatment through telemedicine and pharmacies.

FOR WHAT?

With recently raised capital, LetsGetChecked plans to roll out new ways to help patients with medical conditions and chronic conditions. This will be done through strategic investments in their core offerings.

“We see unprecedented demand for diagnosis and home care as an alternative to traditional in-person doctor visits, and we are expanding our offerings to include telemedicine and treatment services to further help people live longer, happier lives.” founder and CEO of LetsGetChecked, the statement said.

In particular, the company is expanding its telemedicine services to provide asynchronous chat and video calls between patients and doctors. It will also expand its pharmaceutical services to include treatment options for conditions such as high cholesterol and thyroid medication through the acquisition of a pharmacy in Jupiter, Florida. Finally, LetsGetChecked continues to invest in its diagnostic testing and plans to release new test kits this year.

MARKET REVIEW

Other names in the field of home health testing include: Everlywellwhich recently acquired PWNHealth and its subsidiary Home Access Health to form a new parent company called Everly Health; Scanwell Healthwhich also offers testing for COVID-19; as well as Cue healthwhich recently received $ 235 million in private funding.

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