Digital Health Company EverlyWell Gains $50 Million in Funding

EverlyWell acquired $50 million in a financing round led by long-time investors Goodwater Capital and Highland Capital Partners. Next Coast Ventures, NextGen Venture Partners, and SoGal Ventures also participated.

According to the company, seven billion lab tests are run annually in the US, and lab testing is used in 70 percent of medical diagnoses. EverlyWell’s digital platform is designed to connect consumers with existing, independent, certified labs for at-home collection tests that are ordered and reviewed by board-certified physicians. The company says that once a sample is submitted, online results with evidence-based insights, suggestions, and next steps are provided to consumers within days.

EverlyWell plans to use the funding to expand its digital platform and scale existing partnerships with CVS and Humana.