This morning, population health platform Color landed $100 million in Series E funding. This brings the company’s valuation to $4.6 billion. Kindred Ventures and funds advised by T. Row Price Associates led the round, with participation from General Catalyst, Viking Global investors and Emerson Collective.
This news comes less than a year after Color closed a $167 million in Series D funding round. Today the company has a total of $378 million in funding.
WHAT IT DOES
Color teams up with public health agencies, research institutions, employer organizations, health systems and other stakeholders to help build a digital infrastructure for their projects. The HIPAA-compliant company develops custom-build software that can integrate with lab results.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Over the last two years, the company has implemented healthcare-delivery programs in 16 states, as well as ones with the National Institutes of Health for employers, governments and schools. More recently, the company has been focusing on its COVID-19 testing in schools. It has also deployed its system across 500 COVID-19 vaccination sites.
WHAT IT’S FOR
The San Francisco-based company is planning to expand its services to include an STI program aimed at screening, diagnosing and connecting folks to treatment. It is also looking to bolster its efforts in the preventative care and vaccination space. Additionally it is looking to build a disease management infrastructure.
“Color is poised to further transform how we deliver public health in this country with speed and at-scale,” Steve Jang, founder and managing partner of Kindred Ventures, said in a statement.
“Just as we’ve seen digital transformations in other parts of our lives, the distributed network approach Color has built will improve the way we experience health care in the future. The hosted software and data infrastructure that Color provides [have] created a new normal: All essential care should be accessible, decentralized and delivered within companies, schools and communities instantly.”
THE LARGER TREND
Color has a slew of major partnerships. In fact, it has previously teamed up with the National Institutes of Health for its All of Us program, which is a national research project dedicated to collecting data from diverse populations in an effort to prevent diseases and develop treatments.
In 2019, the NIH and Color announced that All of Us participants would be able to access genetic counseling through Color.
Source: Mobihealth News
