Healthcare marketplace Sesame raises $27 million

Sesame closed a $27 million Series B funding round, bringing its total funding to $75 million.

The round was led by GV (formerly Google Ventures), and Cathy Friedman, Executive Venture Partner at GV, will join the Sesame board of directors. Virgin Group, TeleSoft Partners and FMZ Ventures also participated in the round as new investors, alongside existing investors General Catalyst, Industry Ventures, Coefficient Capital, Giant Ventures and Alumni Ventures Group.

Founded in 2018, Sesame is a healthcare marketplace that delivers “half-price health care” to Americans who have been priced out of the everyday care they need. With thousands of healthcare providers – covering all 50 states and every major health category – the Sesame marketplace has driven prices on dozens of common health care types down by as much as 67%, according to the company.

In addition to using the proceeds to accelerate the company’s growth, Sesame will use the Series B proceeds to evolve its Sesame membership product from beta into general availability. The Sesame membership works on a monthly subscription basis, and entitles its members to free services, deep discounts and exclusive access to all of the everyday care services that matter most: primary care visits, prescriptions, dental, labs, imaging and more.