98point6 raises $43 million
98point6, the Seattle-based startup offering on-demand primary care via text, has closed a $43 million Series D round, bringing its total amount raised to $129 million. Investors in the round include Goldman Sachs’ merchant banking division, BlackRock CEO Larry Fink, Costco cofounder Jim Sinegal, former Goldman Sachs CFO David Viniar, and Frazier Healthcare Partners Managing Partner Nader Naini.
Founded in 2015, 98point6 has more than 200 commercial contracts with employers, health plans and retail partners, giving more than 3 million members access to care by allowing them to send texts and get connected in real-time with doctors through an AI-powered chatbot. Members fill out a profile with their personal information including coverage details, and pharmacy and preferred care provider. Then, patients can start sending texts and receive answers from licensed, board-certified medical professionals.
The company offers a personal plan and an employer-sponsored plan, with some individual health plans accepted. Customers who lack such plans can also use 98point6 by paying $20 for the first year (and $1 per visit) and $120 for the second year, in addition to outside-app costs like prescriptions and visits to referred physicians.