Vesta Healthcare, a virtual care platform providing at-home mental health support to seniors, has secured $65 million in a Series C funding round to fuel growth and advance its platform.
Founded in 2018 by Randall Klein, the latest capital infusion thrusted the company’s cumulative funding to $160 million since 2019.
The latest round was spearheaded by RA Capital Management, with significant contributions from Chrysalis Ventures, Oak HC/FT, Nationwide, CareCentrix/Walgreens, Kaiser Permanente Ventures, Lux Capital, Deerfield Management, Generator Ventures, alongside other existing investors.
The healthcare company also secured a debt financing round provided by Monroe Capital’s affiliate, Horizon Technology Finance Corporation.
Vesta’s successful Series C funding round is a vote of confidence in the company’s vision to transform mental health care by combining technology with health practitioners’ support to deliver at-home services.
Vesta Healthcare’s Virtual Care Platform
Vesta’s platform is designed to provide digital mental health support by connecting patient providers, caregivers, home care agencies, and healthcare plan providers. Patients are first evaluated remotely by Vesta’s clinicians to assess their pressing healthcare needs and are then connected to a team of available doctors, caregivers, and aides.
Currently serving over 50,000 people, the company offers many services, including at-home primary care and remote patient monitoring. In 2018, the company raised $65 million to help it grow, extend its services to other US states, and expand its offerings.