GuideWell Mutual, Teladoc and Workday all contributed to a round that boosted the online physical and behavioural healthcare portal's total funding to $53m.
US-based virtual healthcare platform developer Vida Health secured $30m on Wednesday in a series C round featuring corporates GuideWell Mutual Holding Corporation, Teladoc Health and Workday.
Health insurer GuideWell, remote medical care provider Teladoc and Workday Ventures, the corporate venture capital arm of enterprise software producer Workday, were joined in the round by undisclosed existing investors.
Founded in 2014, Vida Health offers personalised chronic condition management, health coaching and therapy through a mobile app and online platform. Users can access human coaches, nutritionists, nurses and licensed therapists to help them manage behavioural and physical conditions such as obesity, depression, anxiety, asthma and hyperlipidemia.
The company’s customers include e-commerce platform eBay, payment processor PayPal, networking technology provider Cisco, office furniture producer Steelcase, payment services firm Visa and healthcare provider Aurora Health Care.
The series B funding will support the strengthening of Vida’s sales and marketing efforts and the expansion of its network of coaches and therapists.
Canvas Ventures led the company’s $18m series B round in 2016, investing alongside NGP Capital, the VC firm sponsored by communications equipment maker Nokia then known as Nokia Growth Partners, as well as fellow VC firms Aspect Ventures and Khosla Ventures.
The latter two investors had initially contributed to a $5m series A round for Vida in 2014 that also featured Signia Venture Partners, The Valley Fund and angel investors Jerry Yang, Maynard Webb, Kevin Scott and Skip Battle.