![]() ![]() ![]() What it does: DispatchHealth is an on-demand urgent care startup that sends certified care providers to patients' homes. Other forms of delivery are hitting market, too, including personal trainers, urgent medical care, in-home chefs.ĪAron Ontiveroz/The Denver Post via Getty Images With Amazon in the grocery game, a lot is happening as competitors begin to expand ways to get groceries in the hands of customers, especially with same-day, online delivery services. Nurse practitioner Katie Hubbard of DispatchHealth checks the vitals of Shelly Yeto at her home on Wednesday, December 12, 2018. This article was initially published in August 2020 and has been updated to include Optum Ventures' more recent investment activity in the first half of 2021. The startups are listed by the size of the deals that Optum Ventures participated in, from smallest to largest. Here are the top 18 deals Optum Ventures, UnitedHealthcare's $600 million venture fund, has participated in since it was created. Optum Ventures is overseen by Larry Renfro, who is also vice chairman of UnitedHealth. UnitedHealth is a $390 billion healthcare company that operates a health insurer and a pharmacy-benefits manager, runs urgent-care clinics and surgery centers, and provides technology and consulting services to hospitals and other healthcare firms. ![]() The easiest way to accomplish that goal, investors said, was to partner with a startup already specializing in those areas instead of attempting to create those services in-house. Several investors have told Insider that it's not a surprise to see so many incumbents battling it out for deals given the current environment: many insurers or hospital systems need to add tools such as telehealth or new ways to manage chronic diseases as the coronavirus-induced lockdowns continue to drag on. An Optum spokesman in August 2020 declined to specify how much Optum Ventures contributed to each funding round but confirmed the firm's participation in the deals. To date, Optum Ventures has participated in blockbuster funding rounds for at-home testing startup LetsGetChecked and at-home urgent care startup DispatchHealth, both of which have raised over $200 million according to Pitchbook data. According to Pitchbook data, the fund regularly participates in multiple funding rounds for its portfolio companies, upping its stake with each successive round. In the first half of 2021 alone, Optum Ventures was the single most active corporate investor, according to a July CB Insights report. The $600 million fund was created in 2017 just as digital health startups were becoming hot investments across Silicon Valley's traditional venture-capital ecosystem. To get in early, UnitedHealth created Optum Ventures, a corporate venture fund that operates as a separate entity from the biggest health insurer in the US. ![]() Like other industry giants, UnitedHealth Group wants to back startups that hope to turn the healthcare industry on its head. Here are the 18 biggest investments Optum Ventures has participated in over the last few years.The fund launched in 2017 and has a focus on digital health, a spokesman confirmed to Insider.Optum Ventures is a $600 million venture fund associated with UnitedHealth Group.Account icon An icon in the shape of a person's head and shoulders. ![]()
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