What is MDLive?
MDLive Inc. is a Florida-based company established in 2009, offering comprehensive 24/7 healthcare services accessible via phone or video. Its service portfolio includes urgent care, primary care, mental health support, and dermatology. The company operates within the rapidly evolving digital health landscape, providing convenient and accessible medical consultations to a broad user base. MDLive's model addresses the increasing demand for remote healthcare solutions, positioning it as a key player in the telehealth industry.
How much funding has MDLive raised?
MDLive has raised a total of $271.6M across 5 funding rounds:
Private Equity
$23.6M
Series B
$50M
Private Equity
$50M
Other Financing Round
$123M
Debt
$25M
Private Equity (2014): $23.6M with participation from Sutter Health, Sentara Healthcare, Kayne Anderson Capital Advisors, L.P., and Heritage Group
Series B (2015): $50M, investors not publicly disclosed
Private Equity (2018): $50M supported by Health Velocity Capital
Other Financing Round (2020): $123M featuring Cigna
Debt (2020): $25M, investors not publicly disclosed
Key Investors in MDLive
Cigna
Cigna is a global health company dedicated to improving health and vitality through innovative solutions. Their investment in MDLive likely aligns with their strategy to expand access to care and enhance digital health offerings within their network.
Health Velocity Capital
Health Velocity Capital is an investment firm exclusively focused on innovative healthcare software and services. Their backing of MDLive signifies confidence in the company's technology and its potential to transform healthcare delivery.
Sutter Health
Sutter Health, a not-for-profit integrated healthcare delivery system, invests in MDLive, likely seeking to enhance its own digital health capabilities and patient access to care through telehealth services.
What's next for MDLive?
The substantial enterprise-level funding and recent strategic investment indicate MDLive's strong trajectory for scaling operations and enhancing its technological infrastructure. This capital infusion is likely to support the expansion of its service offerings, potentially into new medical specialties or geographic regions. Furthermore, the backing from strategic partners suggests a focus on integrating its telehealth solutions more deeply into broader healthcare ecosystems, possibly through partnerships with insurers or large healthcare systems. Continued investment in platform innovation and user experience will be critical for maintaining its competitive edge in the dynamic telehealth market.
See full MDLive company page
