98point6 completed its Series C, raising $50 million in new funding led by the Merchant Banking Division of Goldman Sachs. This investment round brings the total amount raised to $86.1 million since the company’s inception in 2015.
The company plans to use the funding to scale and fulfill commercial demand of its text-based primary care service, grow its product and physician teams, expand the capabilities of the platform, and continue to build its channels. The funding will also allow for expansion into new markets, including health plans, health systems and higher education.
To date, 98point6 has contracted with 27 companies nationwide across retail, technology, financial services, healthcare, and manufacturing. According to the company, it is on track to have 100,000 members under contract through such member employers as Seattle Children’s Hospital, Aegis Living, and Zones, Inc. Now available in 40 states and Washington, DC, the service is slated to be available in all 50 states by 2019.