Sprinter Health has completed a $55 million Series B funding round led by General Catalyst. This investment brings the total amount of funding the company has raised to $125 million since its founding. Sprinter Health, based in Oakland, California, was founded four years ago by ex-Google and Facebook entrepreneurs Max Cohen and Cameron Behar. Their mission is to transform the healthcare experience by providing preventative in-home care.
The startup launched its operations during the pandemic, focusing on essential health services that patients can access from their homes. Retail services blood draws, diabetes eye examinations and colorectal cancer screening all fit nicely in the retail health framework. Having grown its footprint to 18 states, Sprinter Health made a huge move from only five states earlier this year in early 2023.
Cohen was quick to highlight the importance of making operations as easy as possible on their clinical staff. These “sprinters” can see as many as 12 patients a day! The shipper worked with IT provider Littorina to create a proprietary route simulator. It factors in traffic, weather, and parking so staff can spend less time on the road and more time with patients.
Cohen concluded by reiterating the need to maximize our employees’ time they’re spending with patients. We’d rather them be spending less time on the road, and more time caring for patients.
Sprinter Health’s business model has recently garnered some attention as being akin to popular delivery services such as Instacart and DoorDash. Julie Yoo, a general partner at a16z and a member of Sprinter Health’s board, noted the challenges faced by home-based care companies.
For too long a home-based care ecosystem has very much struggled to see their days out. When it comes to deploying humans into the field, it’s really hard to make the financials pencil out. Yoo noted, putting a finger on the challenges of keeping growth untrammeled in this field.
The latest funding round pulled in some notable heavy hitters. Other well-known investors were Andreessen Horowitz, the Regents of the University of California, Google Ventures, and Accel. Over the last year, Sprinter Health’s revenue has increased by a factor of six. This remarkable growth is a clear testament to the strong demand for its services.
It’s an exciting time in healthcare right now. Sprinter Health’s unique model of at-home care has positioned it to be one of the most dynamic players in the industry. With new capital in hand, Cohen and Behar are rapidly growing their geographic footprint all over the U.S. They’re all eager to continue advancing their nonprofit mission of making healthcare more affordable and convenient for patients.